Vocab
is a person who is an expert in their field of work and is responsible for administering all or parts of a business.
Manager
establishing orderly uses of all resources and activities to work toward the set goals.
Organizing
a desired result that must be accomplished over a period of time.
Goal
The leader has control over all decisions and takes little input from employees, makes choices based on their ideas or judgments
Autocratic
How long is a short-term goal
Less than a year
statement that describes the company's reason for existing now.
Mission Statement
rojecting a strong sense of motivation and direction for employees, to help encourage high performance.
Leading
How long should a mission statement be?
one sentence to one paragraph
Members of the group are encouraged to take a participative role in decision-making, employees share their ideas with the group
Democratic
Goal that take more than a year
Long-term goal
Which type of planning focuses on the big picture?
analyzing information, setting timelines, and making decisions.
Planning
an inspirational statement that describes what a company wants to become.
Vision Statement
The leader takes control of the situation by conveying a clear vision for the organization, leaders are involved in the process and focused on helping each employee succeed, the leader is the role model
Transformational
_____ are a desired result that must be accomplished over a period of time.
Goals
A practical step towards a goal
Objective
process that regulates the business’s activities to ensure the goals that were set, are getting accomplished.
Controlling
Which type of planning focuses on the daily tasks?
Operational
Expectations are clearly defined and it’s easy for employees to understand, there may be money or perks that serve as a motivator for positive performance.
Transactional
What does an organizational chart show?
Reporting relationships or chain of command
All power to make decisions is given to the employees
Laissez-faire
What are the four management functions?
Planning, Organizing, Leading, Controlling
Name the 3 levels of planning
Strategic, Tactical, Operational
Name 5 of the 7 Leadership Styles we discussed in class
Autocratic, Democratic, Laissez-faire, Transformational, Transactional, Bureaucratic, Servant
5 steps of the decision-making process
Identify the Problem.
Gather Information.
Consider all Options and their Effects.
Choose an Option and Follow Through.
Evaluate your Decision and Learn from it.