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3.02
key terms
Term | Definition |
---|---|
Benefits | Advantages or payments employees receive in addition to their wages |
Compliance | fulfilling the requirements of the law |
Conceptual Skills | the ability to see the "big picture" & think about how things will work together |
Controlling | the management function that monitors the work effort |
Data Processing | converting facts & figures into useful information |
Directing | the management function of providing guidance to workers & work projects |
First-line Management | supervisors who work directly with the employees who carry out the business routine work |
Human Resources | people who work to produce goods & services |
Information Management | the process of accessing, processing, maintaining, evaluating, & disseminating knowledge, facts, or data for the purpose of assisting business decision- making |
Information | knowledge, facts, or data presented in a useful form |
Interpersonal skills | the ability to communicate, interact, & build relationships with others |
Management function | groups of activities related to management |
MIS | an integrated technology that assists with an organization's information management needs |
Material resources | equipment & supplies used by businesses in their operation |
Mid-level management | managers who report to top-level management & who have supervisors who report to them |
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 & how it will be accomplished |
Professional development | steps that an individual takes to enhance or improve skills or traits that are needed to excel her/his career/profession |
Proprietary information | Private information that belongs to an organization & cannot be released to the public |
Staffing | a human resources management activity that involves recruiting, interviewing, hiring, orienting, & dealing with job changes for a company's employees |
Strategic planning | long-range planning for the company as a whole |
Tactical planning | short- range planning 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 operations of the company or a business unit |
trade secret | undisclosed information within a particular business or industry |