Term
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Definition
| The pursuit of organizational goals efficiently and effectively as well as intergrating the work of people through planning, leading, organizing, and controlling the organization's resources. |
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Term
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Definition
| Finding ways to deliver new or better goods or service. |
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Term
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Definition
| A group of people who work together to achieve some common purpose. |
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Term
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Definition
| To use resources such as people, money, and raw materials wisely and cost-effectively. |
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Term
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Definition
| To achieve results, to make the right decisions, and to successfully carry them out so that they can achieve the organization's goals. |
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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
| The Four Things a Comapny Needs to Remain Competitive |
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Definition
1. Being Responsive to Customers
2. Innovation
3. Quality
4. Efficiency |
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Term
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Definition
| The global of indpendently operating but interconnected computers, linking hundreds of thousands of smaller networks around the world. |
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Term
e-Commerce
(electronic commerce) |
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Definition
| The buying and selling of goods over computer networks. |
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Term
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Definition
| Using business to facilitate every aspect of running a business. |
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Term
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Definition
| Text messages and documents transmitted over a computer network. |
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Term
| Project Management Software |
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Definition
| Progrmas for planning and scheduling the people, costs, and resources to complete a project on time. |
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Term
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Definition
| Computerized collections of interrelated files. |
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Term
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Definition
| Using video and audio links along with computers to let people in different locations see, hear, and talk to one another. |
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Term
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Definition
| Using state-of-the-art computer software and hardware will help people work better together. |
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Term
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Definition
| The implementation of systems and practices to increase the sharing of knowledge and information throughout an organization. |
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Term
| Six Management Challenges |
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Definition
1. Managing Competitive Advantage
2. Managing Diversity
3. Managing Globalization
4. Managing Information Technology
5. Managing Ethical Standards
6. Managing for Own Happiness & Life Goals |
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Term
Management Process/
Four Management Functions |
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Definition
1. Planning
2. Organizing
3. Leading
4. Controlling |
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Term
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Definition
| Setting goals and deciding how to achieve them. |
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Term
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Definition
| Arranging tasks, people, and other resources to accomplish the work. |
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Term
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Definition
| Motivating, directing, and otherwise influencing people to work hard to acheive the organization's goals. |
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Term
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Definition
| Monitoring performance, comparing it with goals, and taking corrective action as needed |
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Term
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Definition
| Make long-term decisons 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 plans and policies 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 the managerial personnel. |
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Term
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Definition
| Responsible for just one organziational 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
| Formed to make money or profits by offering goods or services. |
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Term
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Definition
| Purpose is to offer a service to some people. Commonweal is a type of non-profit organization that offers its services to all people like the post office. |
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Term
| Mutual Benefit Organizations |
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Definition
| Voluntary collection of members who are for helping each other. |
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Term
| Mintzberg Management Roles |
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Definition
1. Manager relies on verbal more than written communication.
2. Works long hours at an intense pace.
3. Work is characterized by fragementation, brevity, and variety. |
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Term
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Definition
| Managers interact with people inside and outside their work units. Roles include figurehead, leader, and liasion activities. |
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Term
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Definition
| Managers receive and communicate information as monitor, disseminator, and spokesperson. |
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Term
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Definition
| Managers use information to make decisions to solve problems or take advantage of opportunities. Four roles include entrepreneur, disturbance handler, resource allocator, and negotiator. |
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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 realize it. |
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Term
| Internal Locus of Control |
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Definition
| The belief that you control your own destiny. |
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Term
Characteristics of an Entrepreneur |
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Definition
- Need for high achievement
- Belief in personal control of destiny
- High energy level and action orientation
- High tolerance for ambiguity
- Self-confidence for tolerance of risk
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Term
| Skills Needed to Be An Exceptional Manager |
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Definition
1. Technical Skills and Ability to Perform a Specific Job
2. Conceptual Skills and the Ability to Think Analytically
3. Human Skills and the Ability to Interact Well with People |
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Term
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Definition
| Job specific knowledge need to perform a job well in a specialized field. |
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Term
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Definition
| Ability to think analytically, to visualize an organization as a whole and understand how the parts work together. |
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Term
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Definition
| Ability to work in cooperation with other people to get things done |
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Term
| Most Valued Traits in Top Managers |
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Definition
- Ability to motivate and engage others.
- Ability to communicate.
- Experience outside the US
- High energy levels to meet the demands of global travel and a 24/7 world.
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