LESSON 1 Flashcards
management
people working together to achieve specific goals
organization
the process of using organizational resources to achieve its’ goal
management
a desired future conditions that the organization seeks to achieve
goal
organizational assets
people
machinery
raw materials
information skills
financial capital
a measure of how well resources are used to achieve a goal
efficiency
a measure of thee appropriateness of the goals chosen and degree to which they are achieved
effectiveness
four functions of management
planning
controlling
organizing
leading
the process used by managers to identify and select appropriate goals
planning
managers create structure of working relationships between organizational members that best allow them to work together and succeed
organizing
this structure coordinates and motivates employees so that they work together and achieve goals
organizational structure
managers determine direction, state a clear vision for employees to follow and help employees understand the role they play
leading
managers evaluate how well the organizing is achieving its goals and takes corrective action to improve performance
controlling
3 management levels
first-line managers
middle managers
top managers
responsible for day to day operation
first-line managers
supervise first line managers and responsible to find best way to use department resources
middle managers