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C7 Business Management

AB
Management plana business plan that divides a company into different departments run by different managers.
organizational charta chart that shows how a business is structured and who is in charge of whom
line authorityan organizational structure in which managers at the top of the line are in charge of those beneath them
centralized organizationan organization that focuses authority in one place, with top management
decentralized organizationan organization that gives authority to a number of units
departmentalizationdividing responsibilities in an organization among specific units, or departments
top-level managersmanagers responsible for setting goals and planning the future for a company; they have the greatest responsibility
middle managersmanagers who carry out the decisions of top management and oversee specific departments
operational managersmanagers who are responsible for the daily operations of a business, such as supervisors and office managers
planningcreating goals, objectives, and strategies to meet them
organizingarranging resources to accomplish goals and objectives
leadingproviding direction and vision
controllingmonitoring progress to ensure goals are met
entry-level joba beginner-level position



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