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1.01 vocab. Business Management

Terms in this set (17)

Administrative management
Management theory that identifies the most effective practices for organizing and managing a business.
Behavioral management
Management theory directed at organizational improvement through understanding employee motivation and behavior.
Business competition
The rivalry among companies for customers.
Classical management
Management theory that studies the way work is organized and the procedures used to complete a job in order to increase worker productivity.
Controlling
Evaluating results to determine if the company's objectives have been accomplished as planned.
Executive
A top-level manager who spends almost all of his or her time on management functions and decisions that affect the entire company.
Implementing
Carrying out plans and helping employes to work effectively.
Industrial revolution
The era of the eighteenth and nineteenth centuries in which machine power replaced human and animal power in the production process leading to major business and social changes.
Management
The process of accomplishing the goals of an organization through the effective use of people and other resources.
Management science
The careful, objective study of management decisions and procedures in order to improve the operation of businesses and organizations.
Management strategy
A carefully developed overall approach to leading an organization.
Manager
Person who completes all four management functions on a regular basis and has authority over other jobs and people.
Middle manager
A manager who completes all of the management functions, but spends most of the time completing specialized work in one management function or is responsible for a specific part of the company's operations.
Organizing
Determining how plans can be accomplished most effectively and arranging resources to complete work.
Planning
Analyzing information and making decisions about what needs to be done.
Quality management
The process of assuring product quality by developing standards for all operations and products and measuring results against those standards.
Supervisor
A manager whose main job is to direct the work of employees.
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