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37 Cards in this Set
- Front
- Back
401(k) Plan
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Retirement savings plan which employees can make pretax contributions to the plan.
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Acquisition
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Agreement in which one firm purchases another.
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Autocratic Leader
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Management whereby leaders make decisions on there own without consulting employees.
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Business
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All profit-seeking activities and enterprise the provide good and services necessary to an economic system.
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Compitition
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Battle among businesses for consumer acceptance.
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Centralization
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Decision making based at the top of the management hierarchy.
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Chain of Command
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Set of relationships that indicate who directs which and who reports to who.
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Committee Organizations
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Organizational structure that places authority and responsibility jointly in the hands of a group of individuals rather than a single manager.
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Conceptual Skills
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Ability to see the organizations as a unified whole and to understand how each interacts with each other.
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Compensation
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Amount of employees are paid in money and benefits.
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Contingency Planning
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Plans that allows a firm to resume operation as quickly and as smoothly as possible after a crisis while openly communicating with public about what happen.
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Controlling
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Function of evaluating an organization's performance against it's objectives.
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Corporate Culture
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Organization's system of principle's, beliefs and values.
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Competitive Differentiation
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Unique combination of organizational abilities, products and approaches that sets a company aside from competitor in the minds of the consumers.
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Delegation
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Managerial Process of assigning work to employees.
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Decentralization
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Decision make based at lower levels of the organization.
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Decision Making
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Process of recognizing a problem or opportunity, evaluating alternative solution, selecting and implementing an alternative and assessing the result.
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Corporation
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Legal organization with asset, liabilities separate from those of it's owner.
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Directing
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Guiding and motivating employees to accomplish organizational objectives.
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Follow-up
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Phase of production control in which employees and their supervisors spot problems in the production and determine needed adjustments.
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Departmentalizations
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Process of dividing work into units within the organizations.
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Democratic Leadership
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Management approach whereby leaders delegate assignments, ask employees for suggestions and encourage participation.
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Human Skills
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Interpersonal skills that enable a manager to work effectively with and through people; the ability to communicate with, motivate, and lead employees to accomplish assigned activities.
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Exports
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Domestically produced good and services sold in other countries.
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Empowerment
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Giving employees shared authority, responsibility and decisions, and decision making with their managers.
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Free-rein Leadership
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Management style of leader who believe in minimal supervision and leave most decisions to their subordinates.
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Listening
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Receiving a message and interpreting its intended meaning by grasping the feelings it conveys.
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Leadership
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Ability to direct or inspire people to attain certain goals.
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LEED (Leadership in Energy and Environmental Design)
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Voluntary certification program administered by the U.S Green Building Council, aimed at promoting the most sustainable construction processes available.
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Line Manager
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Executive involved with the functions of productions, financing or promoting.
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Non programmed Decisions
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Complex and unique problem or opportunity of important consequence of the organizations.
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Management
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Process of achieving organizational objectives through people and other resources.
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Matrix Structure
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Project management structure that links employees from different parts of the organization to work together on specific projects.
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Line-and-Staff Organizations
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Stucture that combines the direct flow of authority of a line organization with staff departments that support the line departments.
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Organization Chart
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Visual Representation of a firm's structure that illustrates job position and functions.
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Mission Statement
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Written explanation of an organization's business intentions and aims.
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Objectives
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Guidepost by which managers define the organization's desired performance in such areas in new product development, sales, customer service, growth, environmental, and social responsibility and employee satisfaction.
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