ch 1 - managing and the manager's job Flashcards
organization
a group of people working together in structured and coordinated fashion to achieve a set of goals.
management
a set of activities (including planning and decision making, organizing, leading, and controlling) directed at an organizations resources (Human, financial, physical,and informational), with the aim of achieving organizational goals in an efficient and effective manner.
efficient
using resources wisely and in a cost-effective way
effective
making the right decisions and successfully implementing them.
manager
someone whose primary responsibility is to carry out the management process.
planning
setting an organizations goals and deciding how best to achieve them
decision making
part of the planning process that involves selecting a course of action from a set of alternatives
organizing
determining how activities and resources are to be grouped
leading
the set of processes used to get members of the organization to work together to further the interests of the organization
controlling
monitoring organizational progress toward goal attainment
levels of management
the differentiation of managers into three basic categories- top, middle, and first-line
areas of management
managers can be differentiated into marketing,financial, operations, human resource, administration, and other areas
interpersonal roles
the roles of figurehead, leader, and liaison, which involve dealing with other people
informational roles
the roles of monitor,disseminator, and spokesperson, which involve the processing of information
decisional roles
the roles of entrepreneur, disturbance handler, resource allocator, and negotiator, which relate primarily to making decisions