Management Skills
Skills in defining problems and selecting the best courses of action
Decision-Making Skills
These managers hire and train employees, evaluate performance, and determine compensation
Human Resource Managers
The process of planning, organizing, leading, and controlling an organization’s resources to achieve its goals
Management
A broad set of organizational plans for implementing the decisions made for achieving organizational goals
Strategy
Generally, a short-term plan concerned with implementing specific aspects of a company’s strategic plans
Tactical Plan
Skills needed to perform specialized tasks
Technical Skills
Managers that are responsible for getting products from producers to consumers
Marketing Managers
The management process of guiding and motivating employees to meet an organization’s objectives
Leading
The means by which organizations and their managers measure success or failure at every level; objective that a business hopes and plans to achieve
Goals
This type of planning seeks to identify aspects of a business or its environment that might entail changes in strategy
Contingency Planning
Skills associated with the productive use of time
Time Management Skills
A manager that is responsible for production, inventory, and quality control
Operations Managers
The management process of determining how best to arrange an organization’s resources and activities into a coherent structure
Organizing
An organization’s statement of how it will achieve its purpose in the environment in which it conducts its business
Mission Statement
A plan setting short-term targets for daily, weekly, or monthly performance
Operational Plan
Skills in understanding and getting along with people
Human Relations Skills
Managers that design and implement systems to gather, organize, and distribute information
Information Managers
The management process of monitoring an organization’s performance to ensure that it is meeting its goals
Controlling
There are three types of strategies that are usually considered by a company and can be listed within the Hierarchy of Strategy - what are they?
Corporate Strategy
Business or Competitive Strategy
Functional Strategy
A plan reflecting decisions about resource allocations, company priorities, and steps needed to meet strategic goals
Strategic Plan
The ability to think in the abstract, diagnose and analyze different situations, and see beyond the present situation
Conceptual Skills
This type of manager plans and oversees accounting functions and financial resources
Financial Managers
The management process of determining what an organization needs to do and how best to get it done
Planning
This 4 letter acronym is an analysis that involves identification and analysis of organizational strengths, weaknesses, opportunities and threats as part of strategy formulation
SWOT Analysis
An organization’s methods for dealing with emergencies
Crisis Management