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business 100 chapter 6 part 1
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management
the process of coordinating people and other resources to achieve the goals of an organization
material resources
the tangible, physical resources an organization uses
financial resources
the funds an organization uses to meet its obligations to investors and creditors
human resources
people
planning
establishing organizational goals and deciding how to acomplish them
mission
a statement of the basic purpose that makes an organization different from others
strategic planning
the process of establishing an organizations major goals and objectives allocating the resources to achieve them
goal
an end result that an organization is expected to achieve over a one-to ten-year period
objective
a specific statement detailing what an organization intends to acomplish over a short period of time
tactic plan
a smaller-scale plan developed to implement a strategy
operational plan
a type of plan designed to implement tactical plans
contingency plan
a plan that outlines alternative courses of action that may be taken if an organization's other plans are disrupted or become ineffective
organizing
the group of resources and activites to acomplish some end result in an efficent and effective manner
leading
the process of influencing people to work toward a common goal
motivating
the process of providing reasons for people to work in the best interests of an organization
directing
the combined processes of leading and motivating
controlling
the process of evaluating and regulating ongoing activites to ensure that goals are achieved
Author
Anonymous
ID
138399
Card Set
business 100 chapter 6 part 1
Description
business 100 chapter 6 part 1
Updated
2012-02-28T17:32:45Z
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