IBP1 Flashcards
Using resources wisely andin a cost-effective way
EFFICIENTLY
- A group of people working together in a structured and coordinated fashion to achieve a set of goals.
- It is a social entity that is goal directed.
Organization
Basic management functions.
Planning & Decision Making, Organizing, Leading, Controlling
Organization’s resources
Human, Financial, Physical, and Informational
Making the right decisions and successfully implementing them
EFFECTIVELY
- Someone whose primary responsibility is to carry out the management process.
- Someone who plans and makes decisions organizes, leads, and controls human, financial, physical, and information resources.
Manager
The relatively small group of executives who manage the organization’s overall goals, strategy, and operating policies.
Top Managers
Largest group of managers in organizations
-Implement top management’s policies and plans.
- Supervise and coordinate lower-level managers’ activities.
Middle Managers
Managers who supervise and coordinate the activities of operating employees.
First-Line Managers
Work in areas related to getting consumers and clients to buy the organization’s products or services.
Marketing Managers
Deal primarily with an organization’s financial resources.
Financial Managers
Concerned with creating and managing the systems that create organization’s products and services.
Operations Managers
Planning, recruiting and selection, training and development, designing compensation and benefit systems, formulating performance appraisal systems.
Human Resource Managers
Serve as generalists in functional areas and are not associated with any particular management specialty.
Administrative Managers
Assigned as specialists in positions directly related to the needs of the organization.
Other Kinds of Managers
