Chapter 1 Management Flashcards
what is management?
working through others to accomplish tasks that help fulfill organizational objectives as efficiently as possible
management
getting work done through others
efficiency
getting work done with a minimum effort, expense, or waste
effectiveness
accomplishing tasks that help fulfill organizational objectives
what are the four functions of management?
planning, organizing, leading, and controlling
planning
determining organizational goals and a means for achieving them
organizing
deciding where decisions will be made, who will do what jobs and tasks, and who will work for whom
leading
inspiring and motivating workers to work hard to achieve organizational goals
controlling
monitoring progress toward goal achievement and taking corrective actions when needed
what are the different kinds of managers?
top manager, middle managers, first-line managers, and team leaders
top manager
executives responsible for the overall direction of the organization
middle manager
responsible for setting objectives consistent with top management’s goals and for planning and implementing subunit strategies for achieving these objectives
first-line manager
responsible for training and supervising the performance of nonmanagerial employees who are directly responsible for producing the company’s products or services
team leader
managers responsible for facilitating team activities toward goal accomplishment
what do companies look for in managers?
technical skills, human skills, conceptual skills, and motivation to manage