Chapter 6 Flashcards
Establishing organizational goals and deciding how to accomplish them
Planning
Management is
The process of coordinating people and other resources to achieve the goals of an organization
A statement of the basic purpose that makes and organization different from others
Mission
The establishment of an organizations major goals and objectives and the allocation of resources to achieve them
Strategic planning process
An end result that an organization is expected to achieve over a one - ten year period
Goal
A specific statement detailing what an organization intends to accomplish over a shorter period of time
Objective
The identification and evaluation of a firms strengths, weaknesses, opportunities and threats
SWOT analysis
Approaches processes that a company performs well that may give it an advantage over its competitors
Core competencies
Is an outline of the actions by which an organization intends to accomplish its goals and objectives
Plan
Is its broadest plan, developed as a guide during the strategic planning process for major policy setting and decision making
Strategic plan
A smaller scale plan developed to implement a strategy
Tactical plan
Is a type of plan designed to implement tactical plans
Operational plan
Is a plan that outlines alternative courses that may be taken if an organizations other plans are disrupted or become ineffective
Contingency plan
Is the grouping of resources and activities to accomplish some end result in an efficient and effective manner
Organizing
Is the process of influencing people to work toward a common goal
Leading
The process of providing reasons for people to work in the best interest of an organization.
Motivating
Together leading and motivating are referred to as -
Directing
An upper-level executive who guides and controls the overall fortunes of an organization
Top Manager