Management
The process used to accomplish organizational goals through planning, organization, leading, and controlling people and other organizational resources
Planning
A management function that includes anticipating trends and determining the best 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 the organizations goals and objectives
Leading
Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organizations goals and objectives
Controlling
A management function that involves establishing clear standards to determine whether or not an organization is progressing towards its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not
Vision
An encompassing explanation of why the organization exists and where it's trying to head
Mission Statement
An outline of the fundamental purposes of an organization
Goals
The broad, long-term accomplishments and organization wishes to attain
Objectives
Specific, short-term statements detailing how to achieve the organizations goals
SWOT Analysis
A planning tool used to analyze an organizations strengths, weaknesses, opportunities and threats
Strategic Planning
The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve these goals
Tactical Planning
The process of setting work standards and schedules necessary to implement the company's tactical objectives
Contingency Planning
The process of preparing alternative courses of action that may be used if the primary plans don't achieve the organizations objectives
Decision Making
Choosing among two or more alternatives
Problem Solving
The process of solving the everyday problems that occur. Problem solving is less formal than decision making and usually calls for quicker action
Brainstorming
Coming up with as many solutions to a problem as possible in a short period of time with no censoring of ideas.
PMI
Listing all of the pluses for a solution in one column and all of the minuses in another, and the implications in a third column
Organizational chart
A visual that shows relationships among people and divides the organizations work. It shows who reports to whom.
Top Management
Highest level of management, consisting of the president and other key company executives who develop strategic plans
Middle Management
The level of management that includes general managers, division managers, and branch, and plant managers, who are responsible for tactical planning and controlling
Supervisory management
Managers who are directly responsible for supervising workers and evaluating their daily performance