buisness management test

What is a manager?

Overseeing daily operations and guiding team members.

Describe management

Problem solving process

Responsibilities as a manager

Make good decisions, respond to competition, solve problems

Importance of learning about business management

Helps you grow as an individual and a professional

Four functions of business management

Planning, organizing, leading, controlling

Define planning and benefits

Vision, mission, goals, objectives

Five steps to decision making

Identify, gather, consider options and their effects, choose an option, evaluate

What is a vision statement and its purpose

Describes what a company wants to be, attract like minded employees

Misión statement and its purpose

Company reason for existing

should answer what company does

Sort vs long buisness

Short buisness wants to accomplish in the near future, long buisness wants to accomplish in the future

Objective?

One effort can accomplish to help reach a goal

Organizing?

Establishing uses of all resources to work toward a goal

Organization structure?

System created through a chart structure.

Different types of leadership

Democratic

Autocratic

Strategic

Transformational

Transactional

Controlling?

Regulates the business activities

Managing deadlines

Training

Purpose of evaluating employees

Gives feedback