Chapter 1: The Excpetional Manager Flashcards Preview

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Flashcards in Chapter 1: The Excpetional Manager Deck (19)
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1

Organization

A group of people who work together to achieve some specific purpose

2

Management

The pursuit of an organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling (POLC)

3

Efficiency

To use resources wisely and cost effectively

4

Effective

To achieve results, to make the right decisions, and to successfully carry them out so that they achieve the organizations goals

5

4 functions of management

Planning
Organizing
Leading
Controlling

6

Planning

Setting goals and deciding how to achieve them

7

Organizing

Arranging tasks, people, and other resources to achomolish the work

8

Leading

Motivating, directing, and otherwise influencing people to work hard to achieve the organizations goals

9

Controlling

Monitoring performance, comparing it with goals, and taking corrective action when needed

10

Three principal skills to management

Technical, conceptual, and human

11

Technical skills

Skills that consist of the job specific knowledge needed to perform well in a specialized field

12

Conceptual skills

Skills that consist of the ability to think analytically, to visualize an organization as a whole and understand how the parts work together

13

Human skills

The skills that consist of the ability to work well in cooperation with other people to get things done

14

Competitive advantage

The ability of an organization to produce goods more effectively than competitors do, outperforming them

15

7 challenges of being awesome managers

Managing for competitive advantage

Managing for information technology

Managing the diversity

Managing for globalization

Managing for ethical standards

Managing for sustainability

Managing for happiness and meaningfulness

16

Sustainability

Economic development that meets the needs of the present without compromising the ability of future generations to meet their own needs

17

Career readiness

Represents the extent to which you possess the knowledge, skills, and attributes desired by emplyees

18

Career readiness acronym

Knowledge
Soft skills
Attitudes
Other characteristics

(KSAO)

19

Attitude

Learned predisposition toward a given object