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Business
Management
| Term | Definition |
|---|---|
| Management | Involves getting people to work together for a common goal using the skills of leading, motivating and communicating |
| Leading | Encourage employees to work together for a common goal |
| Motivating | Managers must find out what motivates their employees |
| Communicating | Managers must be able to exchange information effectively |
| Planning | Must be able to identify overall business goals and break them down into more manageable tasks |
| Organising | Identify tasks and roles and put them in an organised structure for them to be completed |
| Controlling | Management should be able to build control mechanisms into the business |
| Problem solving | Managers should be able to identify problems and get solutions to deal with them |
| Flexibility | Managers should be able to deal with unexpected situations |
| Charisma | Ability to inspire others |
| Hard working | Set good example for employees by working hard in the firm not quitting until tasks are done |
| Initiative | Not to wait until others tell them to do something |