Principles of Management - SBAA1202

A collection of vocabulary flashcards based on key concepts from the Principles of Management lecture notes.

Management

The art of getting things done through people.

Classical Management

The oldest formal school of thought focusing on improving worker efficiency.

Planning

Deciding in advance what to do, how to do it, when to do it, and who is to do it.

Staffing

The managerial function of recruitment, selection, training, and development of personnel.

Controlling

Determining what is being accomplished by evaluating performance and applying corrective measures.

Job Analysis

A systematic analysis of each job to collect information on the job holder's duties, requirements, and circumstances.

Performance Appraisal

The systematic evaluation of employee performance to understand their abilities for growth and development.

Budgetary Control

A system of control where budgets are prepared and compared with actual results to find variations.

Coordination

The process of integrating the efforts of different organizational units to achieve common goals.

Decentralization

The systematic reservation of authority at central points within the organization.

Motivation

The process of stimulating people to take desired actions to achieve organizational goals.

Organizational Structure

Defines the position and official relationships between individuals in an organization.

Delegation

The transfer of authority and responsibility from one person to another.

Span of Control

The number of subordinates a manager can effectively manage.

Matrix Organization

Combines functional departmentalization and project structure for managing projects.

Scientific Management

A theory that analyzes work flow to improve economic efficiency and labor productivity.

Contingency Theory

A management theory that suggests there is no one best way to manage; it depends on the situation.

Human Relations Theory

Focuses on the interpersonal relationships and the impact of human behavior in the workplace.