martes, 19 de febrero de 2013

Only 50 definitions, not enough to say what's Management

Systematizing words


  1. Management. The process of planning, organizing, directing and controlling the use of the different resources (human, technological, financial, and material resources) to achieve the company's goals
  2. Company. Is an organization, institution or industry, or activities dedicated to pursuing economic or commercial purposes
  3. Resources. Means that an organization has to work properly
  4. Human resources. Is the work transferring all of the employees or collaborators of an organization
  5. Human Resources (RRHH). Management function that deals with recruitment, selection, contracting, induction, training and development of employees in the organization
  6. Recruitment. The Human Resources Department must decide whether to hire an individual seasonal, contract, part-time or full. After the decision, disclosed the vacant position to attract individuals with the necessary characteristics
  7. Selection. To decide whether or not to hire candidates from the search performed previously
  8. Training and development of employees. This is the process of acquiring technical knowledge and skills that will enhance the performance of employees in their duties.
  9. Financial resources. Are cash and all financial assets that have a degree of liquidity
  10. Coaching. Is a technique that has emerged to improve the performance of employees, working with them in different areas. Coaching methodically develops the skills and abilities of people, doing to improve the self-esteem of individuals and the performance of the functions and duties of the job
  11. Material resources. It is known as an enterprise resource materials to those tangible with which the company in question will be able to offer their facilities and services such as raw material
  12. Technological resources. Is a medium that uses technology to fulfill its purpose
  13. Shareholder. Is an equity partner that participates in the management of the company to the same extent that it provides capital to
  14. Marketing. Is a process that involves the identification of needs and wants of the target market, the development of consumer-oriented goals, building strategies that create superior value, the implementation of customer relationship and retention of consumer value to achieve benefits
  15. Planning. Deciding what needs to happen in the future,may be today, next year, etc. generating plans for action
  16. Mission. It describes the basic function of production or service that the company develops and is the reason for its existence; exposes what the company does
  17. Vision. The vision of the business reflects its aspirations and specifies its intended direction or future destination
  18. Policies. The business's policy is a guide that stipulates rules, regulations and objectives, and may be used in the managers' decision-making. It must be flexible and easily interpreted and understood by all the employees
  19. Strategy. It refers to the coordinated plan of action that it is going to take, as well as the resources that it will use, to realize its vision and long-term objectives. It is a guideline to managers, stipulating how they ought to allocate and utilize the factors of production to the business's advantage
  20. Organizing. Pattern of relationships among workers, making optimum use of the resources required to enable the successful carrying out of the plans
  21. Directing. Determining what to do in a situation and getting people to do it. For this, must have leadership, communication and motivational skills
  22. Motivation. Desire to devote much effort to the company's goals, conditioned by the effort ability to satisfy some individual needs
  23. Comunication. Is the process by which information can be passed from one entity to another
  24. Leadership. is the set of managerial skills or directives that an individual has to influence the way of being of persons or a group of persons, making this team work enthusiastically in achieving goals and objectives
  25. Controlling. Checking progress against plans and correcting wrong processes
  26. Staffing. Job analysis, recruitment and hiring for appropriate jobs
  27. Feedback. Process in which the effect or output of an action is returned to modify the next management action
  28. Franchise. Is the granting of rights to use a product, business or trade name, granted by a company to one or more people in an area
  29. Input. Is the term denoting either an entrance or changes which are inserted into a system and which activate or modify a process, such as raw material
  30. Warehouse. Location or physical space for the storage of goods within the supply chain
  31. Output. Is the term denoting either an exit or changes which exit a system and which activate or modify a process, it may be the final product
  32. Benchmarking. Process of comparison between operations and performance with other companies known for its excellence
  33. Outsourcing. Some activities are made by other companies that are able to do these better and cheaper
  34. Empowerment. Strengthening of the Human Resources through the concession of autonomy and responsibility todo their work
  35. Hierarchy of authority. Is the criterion for establishing an order of superiority or subordination between employees and people in a company
  36. Organization power structure. The amount of authority increases with each level higher a person or organization is in hierarchy. The ultimate power remains with the person or organization at the very top of the hierarchy, with that position holding the authority to make final decisions in all matters
  37. Top-level managers. Consists of board of directors, president, vice-president, CEOs, etc. They're responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business. In addition, top-level managers play a significant role in the mobilization of outside resources and are accountable to the shareholders and general public
  38. Middle-level managers. Consist of general managers, branch managers and department managers. They are accountable to the top management for their department's function. They devote more time to organizational and directional functions. Their roles can be emphasized as executing organizational plans in conformance with the company's policies and the objectives of the top management, they define and discuss information and policies from top management to lower management, and most importantly they inspire and provide guidance to lower level managers towards better performance
  39. First-level managers. Consist of supervisors, section leads, foremen, etc. They focus on controlling and directing. They usually have the responsibility of assigning employees tasks, guiding and supervising employees on day-to-day activities, ensuring quality and quantity production, making recommendations, suggestions, and upchanneling employee problems, etc. They are role models for employees 
  40. Wage. Is the sum of goods or money received periodically from your employer a worker for a certain period of work or a specific product of their work
  41. Employee. Is a person providing their labor to an employer for wages
  42. Payroll. Is the sum of all financial records of salaries for an employee, wages, bonuses and deductions
  43. Chief Executive Officer (CEO). Is the highest authority in charge of the call management and administrative leadership in an organization
  44. Effectiveness. Is the ability to achieve the expected effect is desired or after performing an action
  45. Efficiency. Is the ability to have someone or something to achieve a particular goal with the best use of resources
  46. Productivity. Is the relationship between the quantity of products obtained by a production system and the resources used for this production, also it is the relationship between the results and the time taken to obtain. Effectiveness + Efficiency = Productivity
  47. Division of labor. Specialize the tasks to develop and staff in their work
  48. Bureaucracy. Is the organization or organizational structure characterized by regularized procedures and explicit, division of responsibilities and specialization of labor, hierarchy, and impersonal relationships
  49. Economics. It's the manner or means of meeting human needs through the resources that are considered scarce
  50. Accounting. Is responsible for testing, measuring and analyzing the assets of organizations, businesses and individuals, in order to serve in decision-making and control, presenting the information previously recorded in a systematic and useful to stakeholders
  51. Stakeholders. Are the people who can affect or are affected by the activities of a company

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