Chapter 6 - Management Flashcards

0
Q

P.O.L.C

A
  • Planning
  • Organizing
  • Leading/Motivating
  • Controlling
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1
Q

Management

A

Coordinating an organizations resources to achieve the goal of an organization

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2
Q

Planning

A

1) Set major goals and objectives

2) Develop plans to accomplish these goals and objectives

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3
Q

Goal

A

Result that an orginization is expected to achieve over a one-to-ten year period

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4
Q

Objective

A

What an organization. Intends to accomplish over a shorter period of time(one year)

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5
Q

Mission statement

A

The basic purpose that makes an organization different from others(first step in planning process)

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6
Q

S.W.O.T

A

Identify and evaluate a companies strengths, weaknesses, opportunities and threats.

S,W -> Internal
O,T -> External

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7
Q

Strategic plan

A

Broad plan (ex, go green)

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8
Q

Tactical plan

A

Smaller scale (ex. recycle)

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9
Q

Operational plan

A

Implements tactical (ex. Put recycle bins on each floor)

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10
Q

Contingency plan

A

“Plan B” Alternative if other plans fail or are disputed

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11
Q

Leading

A

Influencing people to work towards a common goal

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12
Q

Motivating

A

Providing reasons for people to work in the best interested or an organization (make people want to do their job)

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13
Q

Autocratic leadership style

A

Workers are told what to do and how to do it

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14
Q

Participative/Collaborative

A

All members of a team are involved in identifying essential goals and developing strategies

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15
Q

Controlling

A

Evaluating ongoing activities to make sure that goals are achieved

16
Q

Conceptual Skills

A

Think in abstract terms

17
Q

Interpersonal skills

A

Deal effectively with other people

18
Q

Technical skills

A

Accomplish specialized activity

19
Q

Communication skills

A

Speak, listen and write effectively

20
Q

Top managers

A

Guides overall structure - does strategic planning (conceptual skill)

21
Q

Middle managers

A

Implements major policies developed by top managers - does tactical planning (interpersonal skills)

22
Q

First-Line Managers

A

Supervises the activities of operating employees - does operational plan (technical skill)

23
Q

Financial manager

A

Bookkeeping, payroll, taxes

24
Q

Operations manager

A

Systems that concert resources into goods and services

25
Q

Marketing managers

A

Relationship between an organization and it’s customers

26
Q

Human resource manager

A

Hiring, firing, vacation, insurance, workplace concerns

27
Q

Decision making

A

The act of choosing one alternative from a set of alternatives

28
Q

Benchmarking

A

Evaluating a superior organization in your field in order to improve your own companies performance