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M. Craft Business Management Ch. 1

AB
5 funtions of managmentplanning, controlling, implementing, organizing, staffing
mid-managerA manager who spends most of the time on one management function or is responsible for a specific part of the company’s operations
managementThe process of accomplishing the goals of an organization through the effective use of people and other resources is
implementingThe function being performed when a manager is carrying out plans and helping employees work effectively
planningAnalyzing information and making decisions about what needs to be done is the management function
management requirementsregularly complete all five management functions have authority over other jobs have authority over other people
supervisorsPeople in the first (or beginning) level of management in a company
50%projected percentage of women in the workforce in the near future
team worka common method used by businesses to complete jobs or projects
controllingReviewing previous financial statements is part of which management function
implementingHelping employees work effectively
organizingDividing a large sales territory into two smaller territories and assigning managers and salespeople to the territory
planningDetermining the types of raw materials to use in order to develop a high-quality product
planning, organizing, implementing, controlling, staffingA mid-manager completes which management functions
about 60%percentage of job openings require some education beyond high school
Fredrick Taylororiginated the idea of paying employees using a piece rate
management strategyA carefully developed overall approach to leading an organization.
quality managementA total commitment by everyone in an organization to improve the quality of procedures and products by reducing waste, errors, and defects
implementingCarrying out plans and helping employees to work effectively
behavioral managementManagement theory directed at organizational improvement through understanding employee motivation and behavior
administrative managementManagement theory that identifies the most effective practices for organizing and managing a business
classical managementManagement theory that studies the way work is organized and the procedures used to complete a job in order to increase worker productivity
managerPerson who completes all five management functions on a regular basis and has authority over other jobs and people.
competitionThe rivalry among companies for customers


Marketing Education/DECA
Terre Haute South High School
IN

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