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| Term | Definition |
|---|---|
| conceptual skills | Ability to express yourself clearly and simply |
| controlling | The management function that monitors the work effort |
| directing | The management function of providing guidance to workers and work projects to achieve goals |
| executive management | Top-level management |
| financial resources | All the sources of money available to a business or project |
| first line management | Supervisors who work directly with the employees who carry out the business's routine work |
| goals | An objective or want that you plan to fulfill; a statement that clearly describes a task to be accomplished |
| 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 |
| manager | Individual whose job involves carrying out management functions |
| material | Industrial goods that become part of the finished product after they have been processed |
| 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 | Any item that is used to accomplish another activity, such as producing/providing 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 | The ability to acquire and utilize systematic, specialized applications to accomplish business objectives |
| top level management | All managers who are responsible for the operation of the company or a business unit |