Unit 1: management

management

the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources

manager

an individual who is in charge of a group of tasks, or a certain area/department of a business

Chief executive officer

the most senior manager responsible for the overall performance and success of a company

planning

a management function that includes anticipating trends and determining the strategies and tactics to achieve organizational goals and objectives

Organizing

A management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve organization’s goals and objectives

Leading

Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve organization’s goals and objectives

Controlling

a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not