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Managers
| Term | Definition |
|---|---|
| Conceptual skills | allow a manager to visualize the entire organization and work with ideas and the relationships between abstract concepts. |
| Controlling | monitoring the work effort |
| Directing | providing guidance to workers and work projects |
| Executive management | a team of individuals at the highest level of management of an organization who have the day-to-day tasks of managing that organization — sometimes a company or a corporation. |
| Financial resources | All the sources of money available to a business |
| First-line management | Supervisors who work directly with the employees who carry out the business's routine work |
| Goals | Objectives |
| Human resources | People who work to produce goods or services |
| Information | Knowledge, Facts, or Data |
| Interpersonal skills | The ability to communicate interact, and build relationships with others |
| Management | The process of coordinating resources to accomplish an organization's goals |
| Management function | Groups of activities related to management |
| Manager | Individual whos job involves carrying out management functions |
| Material resources | Equipment and supplies used by businesses in their operation |
| Mid-level management | Managers who report to top-level management and who have supervisors who report to them |
| Middle management | Mid-level management |
| Organizing | setting up the way the business’s work will be done |
| Planning | deciding what work will be done and how it will be accomplished. |
| Resources | items that can be used to produce goods and services |
| Staffing | helps the business to find employees who know how to do the necessary work |
| Strategic planning | Long range planning (3-5 years) for the company as a whole |
| Strategies | Plans of action for achieving goals and objectives |
| Supervisory management | First line management |
| Tactical planning | Short range planning (One year) of specific actions the business will take |
| Technical skills | Ability to understand the specialized aspects of jobs |
| Top-level management | All managers who are responsible for the operation of the company or a business unit. |