Chapter 7 Lecture Notes Flash Cards

*More women/younger*Teamwork*Empower employees---> Trains employess to make decisions*Enabling -- Giving workers the education and tools they need to make decisions

Training employees to make decisions

Giving workers the education and tools they need to make decisions

Objectives--- Mission--- --- Vision

-The process used to accomplish organizational goals through:*Planning -- Key management function*Organizing -- Even distribution of work*Leading -- Aware of roles*Controlling -- Meets standards-These 4 functions are the heart of management

1. Planning2. Organizing3. Leading4. Controlling

A management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.-1st Function of Management-Anticipating "trends"; affects sector?; best strategies to be successful-Key management function

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 the organization's goals and objectives.-The 2nd Function of Management-Even distribution of work-Design a structure; create conditions/systems-How departments work together-How individuals within the organization work together-Based on skill set of individual

Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization's goals and objectives.*The 3rd Function of Management*Create a vision; lead by example; guiding; policy ----> enforce*Guiding, training, coaching, and motivating employees*Communicate a vision and rally others around that vision*Transparency -- The presentation of the company's facts and figures in a way that is clear and apparent to all stakeholders

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.-The 4th Function of Management-Meets standards-Setting standards; moving/progressing towards goals/objectives-The 5 Steps of Controlling:1. Establish clear standards2. Monitor and record performance3. Compare results against standards4. Communicate results5. If needed, take corrective action

More than a goal, it's a broad explanation of why the organization exists and where it's trying to go.-Planning

Outlines the organization's fundamental purposes. It includes:-The organization's self-concept-It's philosophy-Long-term survival needs-Customer needs-Social responsibility-Nature of the product or service**Planning

The broad, long-term accomplishments an organization wishes to attain.-Planning

Specific, short-term statements detailing how to achieve the organization's goals.-Planning

*Analyze the strengths, weaknesses, opportunities, and threats* "Realistic approach to planning"-Planning