management Flashcards

1
Q

management

A

a process that involves working with people and using resources such as money and equipment to ensure the business achieves its goals

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2
Q

manager characteristics

A
decisive
initiative
good with people
hard working
flexible
charismatic
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3
Q

entrepreneur vs manager

A

entrepreneur

  • come up with idea
  • bear financial and personal risk
  • focuses on big picture
  • looks at long term future
manager
-runs business
uses resources to achieve goals
-not same degree of risk
-looks at day to day running
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