General Management and Business Concepts

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Management

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The process of planning, organizing, leading, and controlling resources to achieve organizational goals.

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Innovation

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The introduction of new ideas, methods, or products to create value.

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Leadership

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The ability to influence and guide individuals or teams toward a common goal.

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Strategy

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A plan of action designed to achieve long-term goals.

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Decision-Making

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The process of selecting the best course of action from available alternatives.

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Vision

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A statement about what an organization wants to achieve in the future.

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Mission

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A statement that defines an organization’s purpose and primary objectives.

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Goal

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A specific, measurable outcome an organization strives to achieve.

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Objective

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A more detailed and short-term target aligned with achieving a goal.

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Benchmarking

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Comparing business processes and performance metrics to industry best practices.