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3.02 Manage This
Objective 3.02
| 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 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 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 or services |
| Information | Knowledge, facts, or data |
| Interpersonal Skills | The ability to communicate, interact, and build relationships with others |
| Management | The of coordinating resources to accomplish an organizations 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 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 | 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 |