2-Word Business Terms
Leadership Styles
Management
Managerial Skills
Planning
100
The document that describes an organization's long term goals. It is set by the board of directors and top management and defines what business a company is in.
What is a strategic plan.
100
Work teams that supervise themselves.
What are self-managed teams.
100
A management level that coordinates and supervises the activities of operating employees.
What is first-line management.
100
The skill set that describes the ability to visualize and solve both complex and uncomplicated problems and make decisions that are sensible.
What are Analytical Skills.
100
A predetermined outline of actions by which a corporation completes its goals.
What is a plan.
200
The inner rites, rituals, heroes and values of a firm.
What is corporate culture?
200
A leadership style that encourages employees to work together as teams to pool their expertise, skills, and knowledge to brainstorm common goals, ideas, and solutions to problems.
What is Participative Leadership.
200
These are examples of what kind of management: Division Manager Department head Plant Manager Operations Manager
What is Middle Management?
200
Specific skills - knowledge and capability - needed to accomplish a specialized activity. DOUBLE POINTS: Give a valid example of this.
What are Technical Skills.
200
This type of plan is designed to implement tactical plans, is established for a year or less, and deals with how to accomplish an organization's objectives.
What is an operational plan.
300
An agreement between 2 or more groups to form a business entity to achieve a specific goal or to operate for a specific period of time; sometimes it means forming a new company.
What is a joint venture.
300
This style of leader makes choices based on their own ideas and judgments, rarely accepts advice from followers and involves absolute control over a group or task and decision making.
What is Autocratic Leadership?
300
Upper-level executives who guide and control the overall fortunes of an organization. DOUBLE POINTS: Give an example of a 3 titles that relate to this level of management.
Top Management: (CEO) Chief Executive Officer (COO) Chief Operating Officer (CFO) Chief Financial Officer
300
The ability to think in abstract terms: big picture, putting the puzzle pieces together, planning organizing and problem-solving.
What are Conceptual Skills.
300
This diagram shows how the firm is structured and who is in charge of who.
What is an organizational chart.
400
A carefully constructed guide for a person starting a business.
What is a business plan.
400
These leaders are inspiring and develop networks through a complex web of aligned relationships.
What is Entrepreneurial Leadership.
400
The process of coordinating people and other resources to achieve the goals of an organization.
What is management?
400
The ability to speak, listen and write effectively.
What are communication skills?
400
A plan that outlines alternative courses of action that may be taken if an organization's other plans are disrupted or the company is under duress. Most companies have different plans for each scenario. DOUBLE POINTS: give an example of this type of plan
What is a contingency plan. A school shooter, employee with a gun, etc.
500
This is a sentence outlining the basic purpose of an organization.
What is a Mission Statement.
500
A style where managers work with employees to make decisions. Everyone meets, discusses a situation and listens to each other opinions, then base the decisions on the majority.
What is Democratic Leadership.
500
What is the title of the middle management structure at WWCC (Anne's boss?)
What are Deans?
500
These skills include the ability to deal effectively with other people - being able to relate to others, understand their needs, and show compassion.
What are Interpersonal Skills?
500
Smaller scale plan developed to implement a strategy, it is periodically updated based on conditions and experience. Mostly implemented to generate revenue.
What is a tactical plan.
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