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My assignment

Ridiculously long vocab list for a grade.

QuestionAnswer
Policy Predetermined course of action which is made to give a guide toward accepted business strategies and objectives.
Procedure Provides the reader with a clear and easily understood plan of action to carry out or implement a policy.
Management The process of accomplishing the goals of an organization through the use of people and other resources.
Planning Determine objectives in advance and methods to achieve them.
Organizing Establish a clear structure of authority for all work.
Staffing Recruiting, hiring and training workers.
Directing Making decisions, issuing orders and directions.
Controlling Helps to check errors and take corrective action. Is a managerial function.
Coordinating Connecting all sections of an organization.
Interpersonal Involves human interaction.
Informational Involves sharing and analyzing any information.
Decisional This role involves decision making, and how to make that decision.
Natural resources Raw materials that are produced by nature.
Human resources All the people who contribute physically and mentally to the production process.
Capital resources Are the tools, equipment, and buildings that are used to make all goods and services.
Top level management Consists of board of directors, chief executive or managing director. The main bosses who manages goals and policies for an enterprise.
Middle level management Branch managers and departmental managers. They are responsible for the functioning of their department. They devote more time to organizational and directional functions.
Lower level management Also known as supervisory / operative level of management. Consists of supervisors, foreman, section officers, superintendent etc. They are concerned with direction and controlling function of management.
Plan Blueprint for achieving a goal that specifies the necessary resource allocations, schedules, tasks, and other actions.
Goal a desired future state that the organization attempts to realize. An organization exists for a purpose, and goals define that purpose.
Planning It determining the organization's goals and defining the means for achieving them.
Planning Process 1 -Establishment of objectives 2 - Establishment of Planning Premises 3 - Choice of alternative course of action 4 - Formulation of derivative plans 5 - Securing Co-operation 6 - Follow up/Appraisal of plans
Strategic Planning Organization's process of defining its strategy toward making decisions and allocating resources.
Tactical plan Process of taking strategic plan and making it into specific, short term actions and plans.
Managerial planning Managers developing effective plans for use.
Ethics Standards of moral conduct that individuals/groups set for themselves, defining what is right or wrong.
Respect Esteem for or a sense of worth.
Code of Conduct Set of rules/protocol that explains how people should conduct themselves.
Business Letter Form of communication used to convey a formal message to one or more parties.
Personal Business Letter Correspondence between an individual and another individual/corporate entity.
Letter of Application Example of a Personal Business Letter.It introduces the job applicant and it accompanies a résumé.
Organizing The act of rearranging things according to one or more rules.
New Employee Orientation Process used for welcoming new employees into the organization.
Division of labor Complex task that is broken into more simpler tasks and assigning to specialists.
Business Letter Components Letterhead, Attention line, Dateline, Inside address, Salutation, Subject line, Message, Complimentary closing, company signature, writers signature block
Retention Ability to keep employees/customers within an organization.
Performance Standard The expected performance or production given by a worker.
Organizational Goal Desired states of affairs or preferred results that organizations attempt to realize and then achieve.
Official/Strategical Goal A desired state of affairs that is made publicly known.
Operational Goals Yearly goals based on the day-to-day issues and state of affairs.
Economic Goals Five basic condition that are generally desired by the society.
Cultural Goals The real objectives held by the members of a society.
Order Goal Desired state that an organization wants with current merchandise and service orders.
Product Goal Overall business goal for a product as stated by product owner and stakeholders.
Consumer Goal State that an organization wants to be at with its consumers as far as number and satisfaction.
Mission A brief description of a company's fundamental purpose.
Objective Stated, measurable targets of how to achieve business goals.
Interdependent Jobs Jobs that rely on each other to be able to do what they need to do.
Knowledge Information Intangible combination of human experiences, values, and understandings that provide a structure for interpreting and reacting to new experiences
Information Organized facts/data that can be easily i.d., distributed, and managed
Tacit Knowledge Knowledge that is known by an individual but is difficult to transfer to others either verbally or in writing.
Explicit Knowledge Knowledge that can be easily communicated to others an/or captured and stored in some type of document or database.
Knowledge Management Process of creating, identifying, organizing, sharing, and using knowledge sources for the benefit of the organization. Create and contribute new organizational knowledge
Information Management Process of accessing, processing, maintaining, evaluating, and disseminating facts or data for the purpose of assisting business decision-making.
Intellectual Capital Refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
Trade Secrects Any confidential business information which provides an enterprise a competitive edge
Inevitable Disclosure Legal doctrine through which an employer can use trade secret law to enjoin a former employee from working in a job that would inevitably result in the disclosure and use of the employer's trade secrets.
Non-Compete Agreement Employee promises not to work for a direct competitor for a specified period of time after he leaves the company.
Knowledge Harvesting System for obtaining and retaining knowledge in an organization.
Communities of Practice A group of people who share a craft/profession.
Knowledge Codification Converting tacit knowledge into explicit knowledge.
Internship On the job training system.
Peer Team Team with members who have roughly the same skill and experience in same area of specialization.
Job Shadow An individual follows a worker on the job to observe tasks and interest in that career.
Mentor A worker with experience who advises or trains someone.
Knowledge Mapping An ongoing joint quest to help discover the constraints, assumptions, location, ownership, value and use of knowledge assets, artifacts, people and their expertise, uncover blocks to knowledge creation
Relationship Databases The way that database systems are related to form a database.
Accountability Matrix Table used in project management to ensure that every project element is properly assigned. It identifies each task and matches it with the name of the persons responsible for its completion. Also called responsibility matrix.
Intranet Collection of private computer networks within an organization.
Inquiry Routine communication between business that Is often written to request information.
Purchasing Business or organization attempting for acquiring goods or services to accomplish the goals of the enterprise.
Inventory Control Supervision of supply, storage, and accessibility of items in order to ensure an adequate supply without excessive oversupply.
Quality Control Process used to maintain standards in products in services.
Logistics Management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations.
Operations Those ongoing recurring (cyclic) activities involved in the running of a business for the purpose of producing value for the stakeholders.
Electronic Data Interchange The software or system used by companies to exchange information, files and documents.
Flexible Manufacturing System Manufacturing system in which there is some amount of flexibility that allows the system to react in the case of changes, whether predicted or unpredicted.
Computer Aided Manufacturing The use of computer software to control machine tools and related machinery in the manufacturing of workpieces.
Material Requirements Planning A production planning and inventory control system that manages the manufacturing processes.
Enterprise Resource Planning Systems that integrate external and internal management info.
Product Planning The continuous process of I.D.ing market requirements that define a products feature set.
Procurement The acquisition of services or goods.
Technical Data Management Systems Manages engineering and technical drawings and documents.
Purchase Order Written contract between buyer and seller that states the merchandise or services to be given from a single vendor.
Sealed Bid A document that is closed and sent in response to invitation-to-bid.
Dutch Auctions Starting price is the highest bid that investors are willing to pay.
Reverse Auctions Seller compete to obtain business and prices decrease with bids.
Vendor Anyone who provides goods/services to a company.
Commitment A pledge or promise; a contract or legally binding promise.
Overcommitment To obligate beyond possible cabability.
Compartmentalization Splitting ideas into parts.
Employee benefits Many non-pay compensations provided to employees in addition to normal pay.
Employee relations Interacting and communicating with employees of an organization.
Compensation Something given/received as payment/reparation for a service or loss.
Staffing The selection and training of people for certain job functions, and giving them related responsibilities.
Created by: RoflWaffle
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