wed test Flashcards
conceptual skills
Skills that involve the ability to picture the organization as a whole and the relationships among its various parts.
technical skills
Skills that involve the ability to perform tasks in a specific discipline or department.
human relation skills
Skills that involve communication and motivation; they enable managers to work through and with people.
top management
Highest level of management, consisting of the president and other key company executives who develop strategic plans.
staffing
A management function that includes hiring, motivating, and retaining the best people available to accomplish the company’s objectives.
planning
A management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.
organizing
A management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization’s goals and objectives.
leading
Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives.
controlling
A management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not.
vision
An encompassing explanation of why the organization exists and where it’s trying to head.
mission statement
An outline of the fundamental purposes of an organization.
goals
The broad, long-term accomplishments an organization wishes to attain.
objectives
Specific, short-term statements detailing how to achieve the organization’s goals.
SWOT analysis
A planning tool used to analyze an organization’s strengths, weaknesses, opportunities, and threats.
strategic planning
The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.
tactical planning
The process of developing detailed, short-term statements about what is to be done, who is to do it, and how it is to be done.
operational planning
The process of setting work standards and schedules necessary to implement the company’s tactical objectives.
contingency planning
The process of preparing alternative courses of action that may be used if the primary plans don’t achieve the organization’s objectives.
6 steps of making decisions
- define the situation
- describe and collect information
- develop alternatives
- decide which alternative is best
- do what is indicated (implementation)
- determine if the decision was good
brainstorming
Coming up with as many solutions to a problem as possible in a short period of time with no censoring of ideas.
PMI
Listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third column.
transparency
The presentation of a company’s facts and figures in a way that is clear and apparent to all stakeholders.
controlling consists of five steps
- establish clear standards
- monitor and record performance
- compare results against standards
- communicate results
- take corrective action
external customers
end users and people who buy products to resell