Flashcards: Fundamentals of Management Principles — 16 cards

Management — definition?

Coordination of resources to achieve objectives.

Management as people — role?

Leads and coordinates organizational activities.

Management as discipline — focus?

Studies social organization and leadership.

Universal process — characteristic?

Exists wherever human activity occurs.

Factor of production — management's role?

Uses labor and capital efficiently.

Core functions — list?

Forecasting, organizing, commanding, coordinating, controlling.

Goal-oriented management — characteristic?

Directed toward achieving realistic objectives.

Dynamic function — meaning?

Adapts to environmental changes.

Group activity — significance?

Achieves productivity through teamwork.

System of authority — feature?

Clear command lines with delegated authority.

Profession of management — expectation?

Training, knowledge, and social responsibility.

Scope areas — include?

Distribution, office, development management.

Inter-disciplinary management — application?

Uses knowledge from multiple fields.

Objectives of management — focus?

Efficiency and effectiveness.

Levels of management — types?

Top, middle, and lower levels.

Chain of command — purpose?

Defines reporting relationships and authority.