Chapter 1 Flashcards
a group of people working together in a structured and coordinate fashion to achieve a set of goals
organization
they are responsible for carrying out the management process and helping the business to achieve its goal
managers
it is a set if activities and aims to achieve organization goals in effective and efficient manner
management
using the resources wisely in a cost-effective way
efficient
making the right decisions and implementing them
effectiveness
doing things right
efficient
doing the right thing
effectiveness
3 KINDS OF MANAGERS
Top Manager
Middle Manager
First-Line Manager
manage the overall organization and they create the goals, overall strategy, operating policies
top manager
who are the top managers
President
Vice President
Chief Executive Officer (CEO)
they are the largest group in the organization and they are also responsible for implementing the policies and plans created by the top managers
middle manager
who are the middle managers
Plant Manager
Operations Manager
Division Head
they supervise and coordinate the activities of operating employees and they oversee day-day operations, hire employees to staff them
First-line Managers
Who are the First-line managers
Supervisor
Coordinator
Office Manager
What are the different areas of the organization
Marketing Managers
Financial Manager
Operations Managers
Human Resources Managers
Administrative Managers
(-) Specialized Management
work in areas related to marketing-function getting consumers to buy the organization’s products or services
Marketing Managers
deals with the organization’s financial resources
Financial Manager
creating and managing the systems that create an organization products and services
Operation Manager
responsible for hiring and developing employees
Human Resources Managers
not associated with any particular management specialty and tend to be generalists
Administrative Managers
what are the BASIC MANAGEMENT FUNCTIONS/MANAGEMENT PROCESS
Planning and Decision Making
Organizing
Leading
Controlling
setting goals and deciding how to achieve them
Planning
selecting a course of action from a set of alternatives
Decision Making
helps managers to maintain their effectiveness by service as guides and helps managers to allocate their time and resources
Planning and Decision Making