DECA SECTION 1

management

proccess of controlling and making decisions about an organization, as weel as overseeing others to ensure activites are performed efficientylt

organization

body of people that come together for a speific purpose

resource

supply of money, labor, materials and other items that a person or orginaziation can draw from

efficienty

using resources to get a job done with minimal waster of time and effort

effecetiveness

occurs when intended goals or objectives are achived

producitivity

measure of output accomplished by an employee in a specific amount of time

delegate

to assign authority to someone else to carry out a task

authority

power to carry out a task and make decisions

micromanagenment

a management style that occurs when manager closet controls or monitors the work of his or her employes

planning

proccess of setting goals and objectives and deciding how to accomplish them

plan

an outline of actions needed to accomplish a goal

orginazing

coordination of activities and recourses needed to accomplish a plan

staffing

the proccess of recruiting hiring training evaluating, compensating employess

leading

proccess of influencing other to work toward the attainment of common goals

controlling

continous procces of comparing actual outcomes with planned outcomes and taking corrective action when goals are not met

senior management

highest level of management in an organzition

supervisory management

level of individuals who coordinate and supervise activities and duties of employess

middle management

level of management who coordinate and supervise activities and duties of employess

manager

person who directs and oversees the work of others in order to achieve the goals of an orgianzition

direct report

employee who reports directly to a manager or supervisor, typically responsible for specific tasks and activities.

for profit business

orgnainztion that generate revenue with the objective of earing a profit for its owners

not for profit organzition

organzition that exists to serve some public purpose

glass ceilling

invisible barrier that prevents a group of people from job government

diversity

having represents from a different background

managerial roles

actions and behaviors managers are expectetd to perform

conceptual skills

abilities that allow managers to understand complex situations and make decisions.

interpeseonal

skills that enable person to work effectively with others

technical skills

specific skills managers need to perform duites related to their area of management

hard skills

critical skills neccessary to perform required to work

Product development

Decribe steps in product planning and exaplian how to develop, maintain and improve a product

Product planning

allows a business to coordinate existing products and allows to add new products and delete them.

defenition of product planning

making decisions about the features and services of a product or idea that will help sell product

Product mix

different products that a company makes or sells. EX: target has clothes, food, games, makeup

Product line

A group of closely related products manufactore or sold by a business. EX:Stanley brand waterbottle

Product item

Product item a specific model, brand or size of a product within the product line. EX: they have the original Stanley waterbottle, and tumbler

Product width

Refers to the number of different product lines a different business manufactures or sells EX: a business might sell funurate, food

Product depth

number of items offered within a product line EX: Stanley offers multiple colors

what are the 5 functions of managemnt

Planning

Organizing

Staffing

Leading

Controlling

What are examples of a profit Bussiness?

google, apple

What are example of non profit organizations?

humane society, goodwill

Mananger focuses on what 3 things?

Vaule of employess, reconigize importance of diversity, and understand use of technology

What does mintzberg suggests on how managers should spend their time doing?

Intepersonal roles, informational toles, and decisional roles

what are the 3 rules of mintzberg mean that fall into 10 catergoies?

interpersonal- figurehead, leader, liaision

Informational-disseminator, monitor, spokeperson

Decisional roles-entrepreneur disturbance, handler negotiater, resource allocator

what are the 7 steps to product development?

1. generating ideas

2. screening

3. developing a business plan

4. developing the product

5. testing the product with constumers

6. introducing the product

7. evaluating the costumer acceptance