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Managers

TermDefinition
Conceptual skills Ability to understand how the parts of an organization are interrelated
Controlling Function that involves evaluating employee performance
Directing Function that involves developing team spirit among employees
Executive management Top-level management
Financial resources Can include money owed to the business by its customers
First-line management Level responsible for the day-to-day activities of employees who carry out the business’s routine work
Goals Something a person intends to acquire, achieve, reach, or accomplish
Human resources People who work to produce goods and services
Information Facts, statistics, and opinions that can be either internal or external in nature
Interpersonal skills Ability to communicate and build relationships with others
Management Process of coordinating resources to accomplish an organization’s goals
Management function Groups of activities related to management, i.e., planning, organizing, staffing, directing, and controlling
Manager Individual who carries out management functions
Material resources Equipment and supplies required to produce and/or sell products
Mid-level management Level responsible for tactical planning and implementing top management goals
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 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 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
Created by: AsianKid
 

 



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