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Exam (elaborations)

Nocti General Management Review Question with Verified Correct Answers

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Nocti General Management Review Question with Verified Correct Answers

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Nocti General Management Review Question
with Verified Correct Answers
management

the process used to accomplish organizational goals through planning, organizing, 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 toward 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 purpose of an organization

goals

the broad, long term accomplishments an organization wishes to attain

objectives

specific, short term statements detailing how to achieve the organizations goals

SWOT analysis

SWOT = Strengths, Weaknesses, Opportunities and Threats; a planning tool used to analyze

an organizations strengths, weakness, 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 those goals

tactical planning

the process of developing detailed, short term statements about what is to be done, who is to

do it, and how it is to be done

operational 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

PMI = Pluses, Minuses, Implications; listing all the pluses for a solution in one column, all

the minuses in another, and the implications in a third column

organization chart

a visual device that shows relationships among people and divides the organizatins work; it

shows who is accountable for the completion of specific work and 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, dividsion managers, and branch and

plant managers who are responsible for tactical planning and controlling

supervisory management

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