Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Planning
| Question | Answer |
|---|---|
| The process of accomplishing the goals of an organization through the effective use of people and resources. | Management |
| Analyzing information and making decisions about what needs to be done. | Planning |
| A written description of the nature of a business that includes details of how objectives will be met. | Business Plan |
| The more common form of business plan that follows specific structure and provides very detailed information for each section. | Traditional Business Plan |
| A less common form of business plan that provides a summary of key elements. | Lean Start Up Plan |
| A short, specific statement of the purpose and direction of the business. It can sometimes include the company philosophy. | Mission Statement |
| Businesses and producers who pay workers in underdeveloped countries a fair wage and fair prices for products and/or services. | Fair Trade |
| The examination of the strengths, weaknesses, opportunities, and threats of an organization. | SWOT |
| Data that executives and leaders use to track and analyze growth and success in a company. | Key Performance Indicators |
| Indicator that measures the results of activities that have already occurred such as quarterly profit. | Lagging Indicator |
| Indicator that measures upcoming business developments such as sales bookings. | Leading Indicator |
| Indicators that are more open to interpretation such as customer satisfaction feedback. | Qualitative Indicator |
| Indicator that measures data over a period of time such as revenue and website traffic. | Quantitative Indicator |
| Planning (6 months to one year) that is used to reach goals and objectives stated in a strategic plan. | Tactical Planning |
| Planning that is day to day such as how work is done and who will do it. | Operational Planning |
| Planning designed that takes into consideration future events or circumstances. For example, emergency situations. | Contingency Planning |
| A specific statement of a result a business or organization expects to achieve. | Goal |
| A specific financial plan. | Budget |
| A time plan for reaching objectives. | Schedule |
| A specific measure against which something is judged. | Standard |
| Guidelines sued in making decisions regarding specific, recurring situations. For example, a company or school handbook. | Policy |
| A list of steps to be followed for performing work or completing tasks. | Procedures |
| Investigating and studying materials for information and facts. | Research |
Created by:
user-1902110
Popular Management sets