Management Basics
The process of achieving goals through people and resources.
What is management
What is the purpose of planning?
To define goals and determine how to reach them.
What does directing involve?
Guiding and motivating employees to work efficiently.
Name one company department from the lesson.
Marketing and Sales, Finance and Accounting, or Production and Operations.
What is one example of a people resource?
Hiring staff, building teams, or training employees.
Name one major focus of management.
Efficiency, quality output, or maximizing profit margins.
What type of planning focuses on long-term goals?
Strategic planning.
Name one important directing skill.
Clear communication, conflict resolution, or team inspiration.
Which function identifies customer needs and wants?
What is Marketing.
What is one example of a nonhuman business resource?
Raw materials, office technology, or office space.
What are the functions of management
Planning, Organizing, Directing, Controlling.
What type of planning focuses on yearly objectives?
Tactical planning.
What does controlling evaluate?
Whether the business is meeting its stated goals.
Which function closes individual deals?
What is Sales
Why must departments work together?
They depend on one another to help the business meet its goals.
Which function sets future goals?
Planning
What type of planning focuses on daily tasks?
Operational planning.
What should a manager identify when results differ from standards?
Deviations
Which area tracks financial history?
What is Accounting.
A company is missing its monthly sales quota. Which department handles the quota?
What is Sales
Which function measures results?
What is Controlling
Name two things a manager does when organizing.
Assigns tasks, allocates budget funds, or groups staff into units.
After identifying a deviation, what should management do?
Apply corrective action.
Which area plans for the financial future?
A manager compares results to goals and changes the process. Which function is being used?
What is controlling.