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Principles of Management Chapter 1
Principles of Management
Terms in this set (16)
Senior (Top) Management
The level of management that decides goals of the business, how to meet them, and how to use company resources. Board chairman, Presidents, and Vice Presidents are all examples of this level of management.
The process of deciding how best to use a business's resources to produce goods or provide services.
The invisible barrier that keeps many women and minorities from moving up in the world of business.
The level of management responsible for meeting goals that senior management sets. A Sales manager or Department Head is an example of this level of management.
A person who is paid to perform management functions within a company.
The lowest level of management. Team leaders, crew leaders, and store managers are all examples of this level of management.
People who start and run their own businesses.
The skills that help managers understand and work well with people
The specific abilities that people use to perform their jobs (ex. Computer skills)
Carly Fiorinia was the first women to lead this company.
Skills that help managers understand how different parts of a business relate to one another and to the business as a whole.
Analyzing accounting records and watching costs.
Holding regular staff meetings to give instruction, provide materials, and receive feedback is an excellent example of this role.
Determining how many people are needed to work on a given shift is an example of.
Setting up a team of employees to restock an isle to make it more efficient for customers is an example of this.
Setting goals is an example of this.
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