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glossary manage

Business Essentials

TermDefinition
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 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 a business
First-line business: Supervisors who work directly with their employees
Goals: Objectives
Human resources: People who work to produce goods or 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 organizations goals
Management function: Groups activities related to management (planning, organizing)
Manager: Individual whose job involves carrying out management functions
Material resources: Equipment and supplies used by a business 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 work will be done
Planning: The management function of deciding what will be done and how it will be accomplish
Resources: Items that can be used to produce goods and service
Staffing: The management function of finding workers for the business
Strategic planning: Long-range planning ( 3-5 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: Ability to understand the specialized aspects of jobs
Top-level management: All managers who are responsible for the operation for the company or a business unit
Created by: jullie.h091
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