Unit 4: Market Management
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10 Terms
Autocratic
Makes decisions without talking to other team members about it.
Conflict Resolution
The process of managing disagreements with a group to ensure productivity.
Contingency Plan
A plan that can be followed if the original plan does not work.
Democratic
Involves group members in the decision making process.
Interpersonal Skill
The skill necessary to interact with other, which are essential for building strong business relationships.
Laissez-Faire
When a manager minimizes there role in the decision making process.
Management
The oversight of processes and making daily decisions in business.
Management Style
How a manager accomplishes overseeing processes and leading others.
Professionalism
The expected conduct of an employee in a business setting.
Time Management
The ability to manage time effectively.
