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POBF 2.02 Leadership & Management Vocabulary

AB
ManagementThe process of accomplishing the goals of an organization through the effective use of people and other resources.
LeadershipThe ability to motivate others to effectively accomplish goals of the business.
PlanningThe function of management that involves analyzing information and setting goals.
OrganizingThe function of management that involves arranging resources to achieve the business' goals.
StaffingThe function of management involving obtaining, training, and compensating employees.
ImplementingThe function of management involving directing and leading people to accomplish goals.
ControllingThe function of management involving determining whether or not goals were met.
TopLevel of management that includes CEOs and others who set long-term goals and are accountable for success and profitability.
MidLevel of management that includes specialists responsible for specific parts of the business.
SupervisorsThe first level of management, which oversees the routine work of a group of employees.
Management by othersOccurs when employees who aren't managers serve as leaders for a group of employees.
TacticalManagement style that is directive and controlling.
StrategicManagement style that is less directed and involves employees in decisions.
AutocraticLeadership style used when direct, clear and precise orders need to be given, typically in emergencies or with inexperienced workers
DemocraticLeadership style that includes employees in the decision-making, typically used when working in teams.
Laissez-faireLeadership style that gives little to no direction, typically used with experienced employees.
Job analysisFunction of human resources management that, along with job planning, involves classifying employees and determining job requirements.
RecruitingFunction of human resources management that, along with hiring, includes finding potential employees and the application process.
CompensationFunction of human resources management that, along with benefits, includes how employees are rewarded for their time spent working.
PerformanceFunction of human resources management that includes employee evaluation and employee movement (promotions, transfers, or terminations) within the company.


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