Shared Flashcard Set

Details

First Test
Principals of management
14
Business
Not Applicable
10/03/2010

Additional Business Flashcards

 


 

Cards

Term

Management is a process that involves

Definition
Assembling and using
sets of resources

Acting in a goal
directed manner to
accomplish tasks

Activities carried out in an organizational setting

Term

Managerial Challenges

Definition

Managing

Change


Managing

Entrepreneurially


Managing

Resources


Managing

Strategically

 

 

Term

Managing change

Definition

Is the most persistent
pervasive and
powerful
challenge for
managers

Requires managers to
gain employee
acceptance



 

Term
Managers must manage resources including:
Definition

Financial Capital

 

Human Resources 

 

Physical Resources

 

Technology

 

Term
Managers Must:
Definition

Develop Strategies to achieve the organizations goals

 

Implement the strategies effectively by managing human resources 

Term
Managing Entrepreneurially Involves:
Definition

Searching for new oppertunites

 

Identifying new ideas for markets 

 

Emphasizing actions to take advantage of uncertainty

 

 

 

Term
Historical Approaches to management 
Definition

Ancient china and art of warfare

 

Ancient egypt and the building of pyramids 

 

Roman empire and the building of roads and viaducts 

 

Industrial revolution and modern management

Term
Managerial activities differ by:
Definition

The functions managers serve

 

The role in which managers operate

 

The dimensions of each managers job

Term
Managerial Functions
Definition

Controlling 

 

Planning 

 

Organizing 

 

Directing 

Term
Planning involves:
Definition

Estimating future conditions and circumstances

 

making decisions based on these estimations about what work is to be done,

 

(By the manager or those she or he is responsible for)

 

 

Term
Organizing involves paying attention to:
Definition

the structure of relationships among positions

 

the people occupying those positions

 

linking the structure to the overall strategic direction of the organization

Term
Directing 
Definition

the process of influencing other people to attain organizational objectives 

 

motivate others

 

interacting effectively in group and team situations

 

communicating in support of others efforts

 

 

Term
Controlling 
Definition

regulating the work of those for whom a manager is responsible, including:

 

setting standards of performance in advance

 

assessing a completed performance 

 

results 

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