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Managers
| Term | Definition |
|---|---|
| Conceptual skills | are abilities that allow an individual to understand complex situations to develop creative and successful solutions. |
| Controlling | It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans and if not then taking corrective action. |
| Directing | to be a process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals. Directing is said to be the heart of management process. |
| Executive management | is the highest level of management in an organization responsible for planning, leading and controlling a business. |
| Financial resources | The money available to a business for spending in the form of cash, liquid securities and credit lines. |
| First-line management | the management level of a company employee directly above non-managerial workers.Generally supervise production on line tasks in the manufacturing business, and typically consist of positions such as foreman, section head and shift boss. |
| Goals | what a company expects to accomplish over a specific period of time. |
| Human resources | is the department within a business that is responsible for all things worker-related. That includes recruiting, vetting, selecting, hiring, onboarding, training, promoting, paying, and firing employees and independent contractors. |
| Information | all infor. and records (in whatever form held and whether commercial, financial, technical or otherwise) relating to the Company or the business or activities or affairs of the Company, which can be reasonably considered to be confidential to the Company. |
| Interpersonal skills | The ability to communicate,interact, and build relationship with others |
| Management | the process of coordinating resources to accomplish an organization goals |
| Management function | group of activities related to management,i.e,planning,organizing,staffing,directing,and controlling |
| Manager | Individual whose job involves carrying out management functions |
| Material resources | Equipment and supplies used by business 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 | The management function of setting up the way the business's work will be done |
| Planning | the management function of deciding what will be done and how it will be accomplished |
| Resources | items that can be used to used to produce goods and services |
| Staffing | The management function of finding workers for the business |
| Strategic planning | Long-range planning(three to five years)for the company as a whole |
| Strategies | Plans of actions 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 |
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