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Management-Chapter 11

Management Functions and Making Decisions

AB
managementthe process of accomplishing the goals of an organisation through the effective use of people and other resources
planninganalysing information and making decisions about what needs to be done
organisingdetermining how plans can be accomplished most effectively and arranging resources to complete work
implementingcarrying out the plans and helping employees work effectively
controllingevaluating results to determine if the company's objectives have been accomplished as planned
managercompletes all four management functions on a regular basis and has authority over other jobs and people
supervisorstypically the first level of management in a company, typically do nonmanagerial tasks as well
executivetop-level manager who spends almost all of his or her time on management functions
mid-managercompletes all of the management functions
subordinatesubject to the authority and control of another person
performance reviewprocedure that evaluates the work and accomplishment of an employee and provides feedback on that performance
work schedulesidentify the tasks to be done, employees assigned to said work, and the time frame for completion
quality controlcorrection of errors and redoing work to insure the best quality of service or product
work coachan experienced manager who meets regularly with a new member to provide feedback and advice
what-if decisionsexplores the consequences of specific choices using computer software
business researchconducted to provide information to managers about the business
marketing researchused so if managers want to determine choices about their customers and product satisfaction
human resourcesresearch conducted on such topics as the supply and demand of labour, employee motivation, and training technique
problema difficult situation requiring a solution
symptoma sign or indication of something that appears to be the problem


Personal and Business Finance
Dobyns-Bennett High School

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