Chapter 7: Management, Leadership, and Employee Empowerment Flashcards
Management
The process used to accomplish organizational goals through planning, leading, organizing, and controlling
Planning
A management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives
Organizing
A management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization’s goals and objectives
Leading
Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives
Controlling
A management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they’re not
Vision
An encompassing explanation of why the organization exists and where it’s trying to head
Mission statement
An outline of the fundamental purposes of an organization
Goals
The broad, long term accomplishments an organization wishes to attain
Objectives
Specific, short-term statements detailing how to achieve the organization’s goals
SWOT analysis
A planning tool used to analyze an organization’s strengths, weaknesses, opportunities, and threats
Strategic planning
The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve these goals
Tactical planning
The process of developing detailed, short-term statements about what is to be done, who is to do it, and how it is to be done
Operational planning
The process of setting work standards and schedules necessary to implement the company’s tactical objectives
Contingency planning
The process of alternative courses of action that may be used if the primary plans don’t achieve the organization’s objectives
Decision making
Choosing among two or more alternatives