Definitions
The process of coordinating people and other resources to achieve the goals of an organization
What is management?
The act of setting organizational goals, developing strategies, determining resources, and setting precise standards
What is planning?
They are managers that demonstrate strong technical skills and rely less on conceptual skills
What is autocratic leadership?
The act of coming up with as many solutions as possible in a short period of time with no censoring of ideas
What is brainstorming?
It is more than a goal; an encompassing explanation of why the organization exists and where it's trying to go
What is a vision?
The act of preparing a structure, allocating resources, recruiting, training, developing employees
What is organizing?
Person(s) that include general managers, division managers, and branch and plant managers who are responsible for tactical planning and controlling
Who are middle managers?
A leadership style where managers and employees work together to make decisions
What is participative or democratic leadership?
The skills that focus on communication and motivation; they enable managers to in dealing effectively with other people
What are human relations or interpersonal skills?
A planning tool used to analyze an organization's Strengths, Weaknesses, Opportunities, and Threats
What is SWOT analysis?
The act of guiding/ motivating employees, clarifying policies, providing feedback, explaining routines
What is leading?
What is the Chief Information Officer (CIO)?
A leadership style where managers set objectives and employees are relatively free to do whatever it takes to accomplish those objectives
What is free-rein leadership?
Hiring, motivating, and retaining the best people available to accomplish the company's objectives
What is staffing?
The process of finding the best alternative; choosing among two or more alternatives
What is decision making?
The act of measuring results, monitoring performance, rewarding outstanding performance, taking corrective action when necessary
The tangible, physical resources an organization uses
What are material resources?
Giving employees the authority and responsibility to make decisions.
What is empowerment?
Planning that involves backup plans in case primary plans fail
What is contingency planning?
The presentation of the company's facts and figures in a way that is clear and apparent to all stakeholders
What is transparency?
An approach to find the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm
What is knowledge management?
Person(s) with the highest level, consisting of the president and other key company executives who develop strategic plans
Who are top managers?
The funds an organization uses to meet its obligations to investors and creditors
What are financial resources?
Generalized statements of intent/actions to achieve the vision, broad, long-term
What are goals?