Key Terms for Business Finals

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What is Management?

Back

The process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other resources.

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Who is a Manager?

Back

An individual in charge of a certain group of tasks or a certain area of business.

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What does a Chief Executive Officer do?

Back

The most senior manager responsible for the overall performance and success of a company.

Front

What is Planning in management?

Back

A function that includes anticipating trends and determining the best strategies to achieve goals.

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What is Organizing in management?

Back

Designing the structure of the organization and creating conditions for everyone to work together.

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What does Leading mean in management?

Back

Creating a vision for the organization and guiding others to achieve goals.

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What is Controlling in management?

Back

Establishing standards to determine if the organization is progressing toward its goals.

Front

What is a Consultant?

Back

A person who provides expert advice to a company.

Front

What is Innovation?

Back

A new idea or method.

Front

What is Motivation?

Back

Factors that influence the behavior of workers towards achieving business goals.