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MIE 201 Test 3 Makanui Exam/153 Accurate Questions & Answers
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MIE 201 Test 3 Makanui Exam/153 Accurate Questions & Answers
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MIE 201 Test 3 Makanui Exam/153Accurate Questions & Answers
management - -a process designed to achieve an organization's objectives
by using its resources effectively and efficiently in a changing environment.
-managers - -those individuals in organizations who make decisions about
the use of resources and who are concerned with planning, organizing,
staffing, directing, and controlling the organization's activities to reach its
objectives.
-staffing - -the hiring of people to carry out the work of the organization
-downsizing - -the elimination of a significant number of employees from an
organization.
-planning - -the process of determining the organization's objectives and
deciding how to accomplish them; the first function of management
-mission statement - -the statement of an organization's fundamental
purpose and basic philosophy
-goals - -the result that a firm wishes to achieve
company almost always has multiple goals
goal has 3 components: an attribute sought, a target to be achieved, and a
time frame
-objectives - -the ends or results desired by an organization
derived from organization's mission
-strategic plans - -those plans that establish the long-range objectives and
overall strategy or course of action by which a firm fulfills its mission
-tactical plans - -short-range plans designed to implement and objectives
specified in the strategic plan
-operational plans - -very short-term plans that specify what actions
individuals, work groups, or departments need to accomplish in order to
achieve the tactical plan and ultimately the strategic plan
-crisis management/contingency planning - -an element in planning that
deals with potential disasters such as product tampering, oil spills, fire,
earthquake, computer virus, or airplane crash
, -FEMA - -Federal Emergency Management Agency
says that approx. 40% of small businesses do not reopen after a disaster
-organizing - -the structuring of resources and activities to accomplish
objectives in an efficient and effective manner
-directing - -motivating and leading employees to achieve organizational
objectives
-controlling - -the process of evaluating and correcting activities to keep the
organization on course
-5 activities involved in control - -1) measuring performance
2) comparing present performance with standards or objectives
3) identifying deviations from the standards
4) investigating the causes of deviations
5) taking corrective action when necessary
-top managers - -the president and other top executives of a business, such
as the chief executive officer (CEO), chief financial officer (CFO), and chief
operations officer (CLO), who have overall responsibility for the organization
-middle managers - -those members of an organization responsible for the
tactical planning that implements the general guidelines established by top
management
-first-line managers - -those who supervise workers and the daily operations
of an organization
-financial managers - -those who focus on obtaining needed funds for the
successful operation of an organization and using those funds to further
organizational goals
-production and operations managers - -those who develop and administer
the activities involved in transforming resources into goods, services, and
ideas ready for the marketplace
-human resources managers - -those who handle the staffing function and
deal with employees in a formalized manner
-marketing managers - -those who are responsible for planning, pricing, and
promoting products and making them available to customers
-information technology (IT) managers - -those who are responsible for
implementing, maintaining, and controlling technology applications in
business, such as computer networks
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