Term
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Definition
| A group of people who work together to achieve some specific purpose |
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Term
| Management is defined as 1/3 |
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Definition
| The pursuit of organizational goals efficiently and effectively by |
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| Management is defined as 2/3 |
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Definition
| Integrating the work of people through |
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Term
| Management is defined as 3/3 |
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Definition
| Planning, organizing, leading, and controlling the organization’s resources |
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Term
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Definition
| means to use resources—people, money, raw materials, and the like—wisely and cost-effectively. |
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Term
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Definition
| means to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization’s goals. |
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Term
| Rewards of Studying Management 1/4 |
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Definition
| You will understand how to deal with organizations from the outside. |
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Term
| Rewards of Studying Management 2/4 |
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Definition
| You will understand how to relate to your supervisors. |
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Term
| Rewards of Studying Management 3/4 |
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Definition
| You will understand how to interact with co-workers. |
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Term
| Rewards of Studying Management 4/4 |
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Definition
| You will understand how to manage yourself in the workplace. |
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Term
| Rewards of Practicing Management 1/4 |
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Definition
| You and your employees can experience a sense of accomplishment. |
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Term
| Rewards of Practicing Management 2/4 |
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Definition
| You can stretch your abilities and magnify your range. |
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Term
| Rewards of Practicing Management 3/4 |
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Definition
| You can build a catalog of successful products or services. |
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Term
| Rewards of Practicing Management 4/4 |
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Definition
| You can become a mentor and help others. |
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Term
| The Management Process: Planning |
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Definition
| You set goals and decide hot to achieve them |
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Term
| The Management Process: Organizing |
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Definition
| You arrange tasks, people, and other resources to accomplish the work |
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Term
| The Management Process: Leading |
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Definition
| You motivate, direct, and otherwise influence people to work hard to achieve the organization's goals. |
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Term
| The Management Process: Controlling |
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Definition
| You monitor performance, compare it with goals, and take corrective action as needed. |
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Term
Challenges of being a Exceptional Manager-
Managing for: |
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Definition
1)Competitive advantage
2)Info technology
3)Diversity
4)Globalization
5)Ethical standards
6)Sustainability
7)Happiness and Meaningfulness |
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Term
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Definition
| The ability of an organization to produce goods or services more effectively than competitors do, thereby outperforming them |
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Term
| Four ways of having a competitive advantage: |
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Definition
1) being responsive to customers
2) being innovative and finding new ways
3) making improvements on quality
4) being efficient in all things |
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Term
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Definition
| It is the economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs. |
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Term
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Definition
1) top managers
2) middle managers
3) first-line managers
4) non-managerial personnel |
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Term
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Definition
R&D
marketing
finance
production
human resources |
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Term
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Definition
| Make long-term decisions about the overall direction of the organization and establish the objectives, policies, and strategies for it |
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Term
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Definition
| Implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them |
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Term
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Definition
| Make short-term operating decisions, directing the daily tasks of non-managerial personnel |
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Term
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Definition
| Responsible for facilitating team activities toward achieving key results |
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Term
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Definition
| Responsible for just one organizational activity |
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Term
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Definition
| Responsible for several organizational activities |
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Term
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Definition
| Making money (profits) by offering products or services |
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Term
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Definition
| Offering services to some clients, not to make a profit (i.e. hospitals, colleges, social-welfare agencies) |
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Term
| Mutual-benefit organizations |
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Definition
| Aiding members in order to advance their interests (i.e. political parties, farm cooperatives, labor unions, trade associations, clubs) |
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Term
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Definition
| The job-specific knowledge needed to perform well in a specialized field |
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Term
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Definition
| The ability to think analytically, to visualize an organization as a whole and understand how the parts work together |
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Term
| Human skills (i.e. soft skills) |
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Definition
| The ability to work well in cooperation with other people to get things done; the ability to motivate, to inspire trust, to communicate with others |
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Term
| Most valued traits in managers 1/4 |
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Definition
| The ability to motivate and engage others |
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Term
| Most valued traits in managers 2/4 |
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Definition
| The ability to communicate |
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Term
| Most valued traits in managers 3/4 |
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Definition
| Work experience outside the United States |
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Term
| Most valued traits in managers 4/4 |
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Definition
| High energy levels to meet the demands of global travel and a 24/7 world |
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Term
| Roles Managers must play successfully 1/3 |
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Definition
| A manager relies more on verbal than on written communication. |
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Term
| Roles Managers must play successfully 2/3 |
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Definition
| A manager works long hours at an intense pace. |
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Term
| Roles Managers must play successfully 3/3 |
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Definition
| A manager’s work is characterized by fragmentation, brevity, and variety. |
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Term
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Definition
| Interact with people inside and outside their work units |
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Term
| Examples of:Interpersonal roles |
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Definition
| Figurehead, leader, liaison |
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Term
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Definition
| Receive and communicate information |
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Term
| Examples of:Informational roles |
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Definition
| Monitor, disseminator, spokesperson |
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Term
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Definition
| Use information to make decisions to solve problems or take advantage of opportunities |
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Term
| Examples of: Decisional roles |
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Definition
| Entrepreneur, disturbance handler, resource allocator, negotiator |
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Term
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Definition
| Process of taking risks to try to create a new enterprise |
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Term
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Definition
| Someone who sees a new opportunity for a product or service and launches a business to try to realize it |
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Term
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Definition
| Someone who works inside an existing organization who sees an opportunity for a product or service and mobilizes the organization’s resources to try to realize it |
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Term
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Definition
| is what it takes to grow or maintain a business. |
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Term
| Entrepreneurs and managers both 1/3 |
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Definition
| Have a high need for achievement |
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Term
| Entrepreneurs and managers both 2/3 |
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Definition
| Have a high tolerance for ambiguity |
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Term
| Entrepreneurs and managers both 3/3 |
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Definition
| Believe they are in personal control of their destiny |
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