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Management Chpt 1
Terms and concepts from Chpt 1
10
Business
Undergraduate 1
02/12/2013

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Cards

Term
What are the four management functions and what do they do?
Definition
Planning - identify goals for future
Organizing - assigning tasks, grouping
Leading - influencing employees to achieve goals
Controlling - checking to make sure things get done
Term
Define Management
Definition
attainment of organizational goals in effective/efficient manner through planning, organizing, leading, and controlling
Term
What are the skills a manager needs and define them
Definition
Conceptual - big picture, normally top management
Human Relations - constantly interacting with people
Technical - how we are effective, what business mainly does production wise, normally lower level managers
Term
Describe vertical management
Definition
Hierarchy
Top managers - set goals, define strategies, make big decisions
Middle - responsible for major departments, implements strategies
First-line - responsible for production of goods/services, application of rules
Term
Describe the two types of horizontal management
Definition
Functional - responsible for departments that perform single task, ex - line managers (manufacturing) and staff managers (finance departements)

General managers - in charge of several departments and different functions
Term
What are some things to expect from a management position?
Definition
must multitask, work long hours, quick paced environment
Term
What are the roles of a manager? What are their expectations?
Definition
Information Role -
Monitor: seek info
spokesperson: transmit info
Interpersonal -
Figurehead: ceremonial/symbolic
Leader: motivation, communication,
influence
Liason: transmit info to outside
Decisional Roles -
Entreprenuer: change
Disturbance handler: resolve
conflicts
Resource Allocator: assign people
time, equiptment to jobs
Term
What is the difference between a small business and large business? Non profit vs for profit?
Definition
Small Business - managers must take on the roles of many people, must have traits of Entrepreneur to implement change and stay competative

Non-Profit - must be highly efficient with resources because little to no profit is accumulated.
Term
List and compare characteristics of the New and Old workplace
Definition
New - free-flowing, flexible, collaborative, knowledge is shared, low level employees have power, innovative, embraces creativity

Old - hierarchy, routine, specialized, task oriented, controled
Term
What type of managers are used in New Management workplaces that are employed on a project by project basis?
Definition
Interim managers
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