INTRO: LESSON 1 Flashcards
a person responsible for the work performance of group members.
MANAGERS
holds the formal authority to commit organizational resources, even if the approval of others is required
MANAGERS
the process of using organizational resources to achieve organizational objectives through planning, organizing and staffing, leading, and controlling
MANAGEMENT
is a recent term used to describe a top-level manager
C-level manager
Responsible for day-to-day operations and execution of strategies. Focuses on internal processes, efficiency, and performance.
COO (chief operating officer)
Highest-ranking executive, responsible for overall company vision, strategy, and decision making. Leads the organization and sets its direction
CEO
Manages financial aspects of the company, including budgeting, financial planning, reporting, and risk management. Handles financial strategy and ensures financial health
Chief Financial Officer
a top level advisor who serves as a confidant, gatekeeper, and all-around strategic consultant
Chief of Staff
has major responsibility for customer relationships and for managing the company interface with the customer
Chief Commercial Officer
works on such problems as safeguarding customer information in the digital world
Chief Privacy Officer
Managers who are neither executives nor first-level supervisors, but who serve as a link between the two groups
Middle Level Managers
Responsible for implementing programs and policies formulated by top-level management.
Responsible for making many of the judgment calls and trade-offs that shape the firm’s success
Middle Level Managers
Managers who supervise operatives * Supervisors help shape the attitudes of new employees toward the firm.
First Level Managers
Supervise the work of employees engaged in specialized activities such as accounting, engineering, information systems, food preparation, marketing, and sales
FUNCTIONAL AND GENERAL MANAGERS
are responsible for the work of several different groups that perform a variety of functions
FUNCTIONAL AND GENERAL MANAGERS
is typically a manager who works in a public (government) or nonprofit organization, including educational institutions, rather than in a business firm
ADMINISTRATORS
Managers in all types of educational institutions are referred to as?
ADMINISTRATORS
typically invest considerable emotional and physical energy into their firm
SMALL-BUSINESS OWNERS
person who founds and operates an innovative business
ENTREPRENEURS
A manager in such a position coordinates the work of a small group of people while acting as a facilitator or catalyst
TEAM LEADERS
Found at several organizational levels and are sometimes referred to as project managers, program managers, process managers, and task force leaders
TEAM LEADERS
the people needed to get the job done
Human Resources
the money the managers and the organization use to reach organization goals
FINANCIAL RESOURCES
firm’s tangible goods and real estate
PHYSICAL RESOURCES
the process of making sure the necessary human and physical resources are available to carry out a plan and achieve organizational goals
ORGANIZING
involves setting goals and figuring out ways of reaching them.
Considered the central function of management
Component is decision making
PLANNING
the data that the manager and the organization use to get the job done
INFORMATION RESOURCE
Influencing others to achieve organizational objectives.
LEADING