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Manage this 3.02
business essentials
| Term | Definition |
|---|---|
| conceptual skills | the ability to see the big picture and think about how things will work together |
| controlling | the management function that monitories the work effort |
| directing | the management function of providing guidance to workers and work projects |
| executive management | top-level management |
| financial resources | all the sources of money available to the business |
| first-line management | supervisors who work directly with the employee who carry our the business routine work |
| goals | objectives |
| human resources | people who work to produce goods and services |
| information | knowledge facts and data |
| interpersonal skills | the ability to communicate resources to accomplish an organizing goals |
| management | the process of coordinating resources to accomplish an organization goals |
| management function | groups of activates related to management planning organizing staffing directing and controlling |
| manager | individual whose job involves carrying it management functions |
| material resources | equipment and supplies used by business 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 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 got the company as a whole |
| strategies | plans for action for achieving goals and objectives |
| supervisory | first-line management |
| tactical planning | short-range planning one year of specific actions the business will take |
| technical skills | ability's to understand the specialized aspects of jobs |
| tope-level management | all managers who are responsible for the operation of the company or a business unit |