I.T.B Chapter 7 Flashcards
Managers practice the art of getting things done using organizational resources such as:
Workers, Information, Equipment
______ is a key management function because accomplishing the other functions depends heavily on it.
Planning
Management is the process used to accomplish organizational goals by the use of which four functions?
Planning
Organizing
Leading
Controlling
The ______ function of management function helps achieve the organization’s objective of pleasing customers by anticipating trends, and determining strategies and tactics to achieve them.
Planning
Which three tasks are associated with the management function known as organizing?
-Organizing places employees and resources where they will be effective in achieving the organization’s goals
-Organizing designs the structure of the organization
-Organizing creates an organization chart showing lines of responsibility and authority
Employees who get things done using an organization’s financial resources, information, equipment, and workers are:
Managers
Why is planning a key management function?
Accomplishing the other functions depends heavily on having a good plan.
An organization’s ______ gives it a sense of purpose and a set of values that unites workers in a common destiny.
Vision
____ is creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives.
Leadership
A _____ _____ is an outline of the fundamental purpose and basic philosophy of an organization.
Mission Statement
What function of management designs the structures and systems in which everyone works together to achieve the organization’s goals and objectives?
Organizing
______ is creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives.
Leading
Top management sets the vision for the organization and may work with others to establish a mission statement that outlines its:
Self-Concept
Product or Service offering
An organization’s ______ is a broad explanation of why the organization exists and where it is trying to go.
Vision
A ______ gives the organization a sense of purpose and a set of values that unite workers in a common destiny.
Vision
David’s manager told him the company wants to achieve a 50 percent market share within 5 years. David’s manager was relaying a company _____
Goal
A mission statement should address an organization’s ______.
self-concept
Customer needs
What term defines the broad, long-term accomplishments an organization wishes to attain?
Goal