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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 organization's 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 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 |