Chapter 6 Management and Leadership in Today's Organization Flashcards
Key terms used in Chapter 6 of Openstax Introduction to business
Questions
Answers
The process of guiding the development, maintenance, and allocation of resources to attain organizational goals is called _______________.
management
___________ is using the least amount of resources to accomplish the organization’s goals.
efficiency
______________ is the ability to produce the desired result or good.
effectiveness
______________ is the process of deciding what needs to be done to achieve organizational objectives, identifying when and how it will be done, and determining who should do it.
planning
The process of creating long-range (one to five years), broad goals for the organization and determining what resources will be needed to accomplish those goals is called ___________.
strategic planning
An organization’s purpose and reason for existing, its long-term goals, is the organization’s _________.
mission
The _____________ is a formal document that states an organization’s purpose and reason for existing and describes its basic philosophy.
mission statement
The process of beginning to implement a strategic plan by addressing issues of coordination and allocating resources to different parts of the organization is _____________. It has a shorter time frame (less than one year) and more specific objectives than strategic planning.
tactical planning
The process of creating specific standards, methods, policies, and procedures that are used in specific functional areas of the organization are called ____________. They help guide and control the implementation of tactical plans.
operational planning
Plans that identify alternative courses of action for very unusual or crisis situations are called ____________. They typically stipulate the chain of command, standard operating procedures, and communication channels the organization will use during an emergency.
contingency plans
___________ is the process of coordinating and allocating a firm’s resources in order to carry out its plans.
organizing
The highest level of managers, including CEOs, presidents, and vice presidents, who develop strategic plans, are __________ management.
top management
Managers who design and carry out tactical plans in specific areas of the company are in __________.
middle management
The managers who design and carry out operation plans for the ongoing daily activities of the firm are ___________________ management.
supervisory (first-line) management
___________ is the process of guiding and motivating others toward the achievement of organizational goals.
leadership