ch1 mgmt349

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17 Terms

1
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Principles of Management

Applicable in personal, professional, and extracurricular areas for achieving goals.

2
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Balancing Systems and Soft Skills

Combining structured processes with people-centric capabilities to enhance effectiveness.

3
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Feld Entertainment

A family-owned business known for live entertainment brands like Disney on Ice and Monster Jam.

4
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Four Functions of Management

Planning, organizing, leading, and controlling; essential for organizational success.

5
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Efficiency

Getting work done with minimal wasted time or resources, defined as outputs divided by inputs.

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Effectiveness

Accomplishing tasks that further organizational objectives and produce desired outcomes.

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Informational Roles of Managers

Roles such as figurehead, leader, and liaison; involved in communication and information sharing.

8
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Technical Skills

Specialized knowledge necessary for lower-level management functions.

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Human Skills

The ability to work with others, crucial for teamwork and leadership.

10
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Conceptual Skills

The ability to understand the organization as a whole and recognize how its parts fit together.

11
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Competitive Advantage

An edge gained by attracting and retaining top talent, influencing brand performance.

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Brand Strategy

Aligning brands to target specific audiences, optimizing for consumer touchpoints.

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Marketing Dynamics

Interactions between marketing efforts, sponsorships, and consumer experiences.

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Organizational Culture

A positive environment that supports planning, leading, and sustained performance.

15
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Slido Prompts

Engagement activities that encourage reflections on management functions and personal experiences.

16
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Real-World Relevance

Connecting case studies to foundational management theories and practices.

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Managing Change

The need for organizations to adapt continuously to new markets and evolving customer needs.