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3.02 Vocabulary
Manage This
Term | Definition |
---|---|
Conceptual skills | The ability to see the "big picture" and think about how things will work together |
Controlling | The management function that monitors the work affect |
Directing | The management function of providing guidance to workers and work projects |
Executive management | Top-level management |
Financial resources | All the resources 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 and 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 ( i.e., planning, organizing, staffing, directing, and controlling ) |
Manager | Individual whose 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 | 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 |
Tatical 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 |