Conceptual skills:  The ability to see the “big picture” and think about how things will work together Controlling:  The management function that monitors the work effort Directing:  The management function of providing guidance to workers and work projects Executive management:  Top-level management Financial resources:  All the sources of money available to a business First-line management:  Supervisors who work directly with the employees who carry out the business’s routine work Goals:  Objectives Human resources:  People who work to produce goods or services Information:  Knowledge, facts, or data Interpersonal skills:  The ability to communicate, interact, and build relationships with others Management:  The process of coordinating resources to accomplish an organization’s goals Management function:  Groups of activities related to management, i.e., planning, organizing, staffing, directing, and controlling Manager:  Individual whose job involves carrying out management functions Material resources:  Equipment and supplies used by businesses in their operation Mid-level management:  Managers who report to top-level management and who have supervisors who report to them Middle management:  Mid-level management Organizing:  The management function of setting up the way the business’s work will be done Planning:  The management function of deciding what will be done and how it will be accomplished Resources:  Items that can be used to produce goods and services Staffing:  The management function of finding workers for the business Strategic planning:  Long-range planning (three to five years) for the company as a whole Strategies:  Plans of action for achieving goals and objectives Supervisory management:  First-line management Tactical planning:  Short-range planning (one year) of specific actions the business will take Technical skills:  Ability to understand the specialized aspects of jobs Top-level management:  All managers who are responsible for the operation of the company or a business unit Authority:  Power to influence or control the opinions or behavior of others Autocratic leadership:  A dictatorial leadership style in which the leader relies on her/his positional authority within the organization to ensure that closely supervised employees do exactly as they are told to achieve required results Democratic leadership:  A leadership style built on mutual respect between the leader and employees that allows workers to have a say in the operation of the organization Laissez-faire leadership:  A hands-off leadership style in which the leader assumes little or no responsibility, allowing employees to determine their own work behavior and productivity level Leader:  An individual who influences others to achieve goals Leadership:  The ability to guide or direct the actions of others in a desired manner Management:  The process of coordinating resources to accomplish an organization’s goals Personal au.

1. Conceptual skills:
The ability to see the “big picture” and think about how things
will work together
Controlling:
The management function that monitors the work effort
Directing:
The management function of providing guidance to workers
and work projects
Executive management:
Top-level management
Financial resources:
All the sources of money available to a business
First-line management:
Supervisors who work directly with the employees who carry
out the business’s routine work
Goals:
Objectives
Human resources:
People who work to produce goods or services
Information:
Knowledge, facts, or data
Interpersonal skills:
The ability to communicate, interact, and build relationships
with others

2. Management:
The process of coordinating resources to accomplish an
organization’s goals
Management function:
Groups of activities related to management, i.e., planning,
organizing, staffing, directing, and controlling
Manager:
Individual whose job involves carrying out management
functions
Material resources:
Equipment and supplies used by businesses in their operation
Mid-level management:
Managers who report to top-level management and who have
supervisors who report to them
Middle management:
Mid-level management
Organizing:
The management function of setting up the way the business’s
work will be done
Planning:
The management function of deciding what will be done and
how it will be accomplished
Resources:
Items that can be used to produce goods and services
Staffing:
The management function of finding workers for the business

3. Strategic planning:
Long-range planning (three to five years) for the company as a
whole
Strategies:
Plans of action for achieving goals and objectives
Supervisory management:
First-line management
Tactical planning:
Short-range planning (one year) of specific actions the business
will take
Technical skills:
Ability to understand the specialized aspects of jobs
Top-level management:
All managers who are responsible for the operation of the
company or a business unit
Authority:
Power to influence or control the opinions or behavior of others
Autocratic leadership:
A dictatorial leadership style in which the leader relies on
her/his positional authority within the organization to ensure
that closely supervised employees do exactly as they are told to
achieve required results
Democratic leadership:
A leadership style built on mutual respect between the leader
and employees that allows workers to have a say in the
operation of the organization
Laissez-faire leadership:

4. A hands-off leadership style in which the leader assumes little
or no responsibility, allowing employees to determine their own
work behavior and productivity level
Leader:
An individual who influences others to achieve goals
Leadership:
The ability to guide or direct the actions of others in a desired
manner
Management:
The process of coordinating resources to accomplish an
organization’s goals
Personal authority:
Authority given to an individual because of personality traits,
character, or actions; informal authority
Positional authority:
Authority and responsibility officially assigned to an individual
who holds a position and/or a title on an organizational chart;
formal authority
Situational theory of leadership:
A theory of leadership style which holds that each situation is
different and requires a different approach, calling upon the
leader to analyze the situation and take appropriate action to
perform the necessary tasks
Subordinates:
Lower ranking members of an organization who are required to
report to higher ranking supervisors and managers
Trait theory of leadership:
A theory of leadership style which holds that select individuals

5. are born with all of the traits and characteristics that are
necessary to lead
Select from the
vocabulary (Links to an external site.)
.
The Importance of Management - FORMAL ASSESSMENT
Directions
: After reading the following scenario write a memo using 15 of
the vocabulary terms from the link above.
Scenario
: Leanne has just been hired at your company. As a new
employee and recent high school grad, she has some basic
business background but does not fully understand all
managerial concepts. To make sure she’s successful, you decide
to give her a brief overview of why the levels of management
and leadership structures of a company are so important.
Write a summary in memorandum format for Leanne. Your
memo does not need to be more than a page long but must
contain 15 of your vocabulary words. PLEASE BOLD YOUR
WORDS, thanks. You can key your memo on a Word document,
Google document, or the text entry box of this assignment.
Submit to Canvas when done.
Don’t forget proper formatting for a memo! (google it to see
what one looks like).