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BM I obj 1.02
Manage This!
| 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 process 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 the business. |
| Strategic Planning | Long-range planning (three to five years) for the company as a whole. |
| Strategies | Plans of action for achieving goal 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 operations of the company or a business unit. |