Chapter 1 Flashcards
a group of people working together in a structured and coordinated fashion to achieve goal a set of goals
organization
what are examples of organizational goals?
- profit seeking
- the discovery of knowledge
- national defense
- coordination
- social needs
a set of activities directed at an organization’s resources with the aim of achieving organizational goals in an efficient and effective manner.
management
what are the four basic management functions?
- Planning and decision making
- Organizing
- Leading
- Controlling
what are 4 types of resources?
- Human
- Financial
- Physical
- Information
someone whose primary responsibility is to carry out the management process
manager
using resources wisely in a cost effective way
efficient
making the right decisions and successfully implementing them
effective
what are the three levels of management
- top managers
- middle managers
- first line managers
what type of people are top managers?
- Small group of executives who manage the overall organization
- President, vice president and chief executive officer (CEO)
what are top managers responsible for?
- Create organizations goals, strategy and operating policies
- Represent the organization in meeting etc
- Make decisions about activities involving other companies, research and development, entering or abandoning markets, and building new plants or offices
what type of people are middle managers?
- Largest group of managers
- Plant manager, operations manager, and division head
what are middle managers responsible for?
- Responsible for implementing policies and plans developed by top managers
- And supervising/ coordinating activities of lower level managers
what type of people are first line managers?
- Supervise and coordinate the activities of operating employees
- Supervisor, coordinator, and office manager
what are first line managers responsible for?
- Oversee day to day operation, hire employees, and handle other routine administrative duties
- Spend a lot of time supervising the work of their subordinates
successful organizations have to be what?
efficient and effective
what are the different management areas?
- marketing
- financial
- operations
- human resources
- administrative
- other
what is a marketing manager responsible for?
- Getting consumers and clients to buy the organization’s products or services
- Include new product development, promotion, and distribution
what is a financial manager responsible for?
-Responsible for things such as accounting, cash management, and investments
what is an operations manager responsible for?
- Create and manage systems that create the organization’s products and services
- Production control, inventory control, quality control, print layout, and site selection
what is a human resources manager responsible for?
- Hire and develop employees
- Human resource planning, recruiting and selecting employees, training and development, designing compensation and benefits systems, personal performance systems, and discharging low performance employees
what is an administrative manager responsible for?
- No specific management specialty
- Generalists who have a basic understanding of all areas
what are some examples of other types of managers?
public relations, research and development managers and other specialized managers
setting and organizations goals and deciding how to best achieve them
planning
a part of the planning process that involves selecting a course of action from a set of alternatives
decision making
Determining how activities and resources are to be grouped
organizing
motivating members of the organization to work together to further the interests of the organization.
leading
monitoring and correcting organizational progress toward goal attainment
controlling