Organizing: T he structuring of resources and activities to accomplish objectives in an efficient and effective manner. Staffing: T he hiring of people to carry out the work of the organization. Downsizing: T he elimination of a significant number of employees from an organization.
Matrix Six - Chapter Six The Dynamics of Business and Economics (Ferrell et. al 2016) Name: Jordoyn Leamon Directing: M otivating and leading employees to achieve organizational objectives. Controlling: T he process of evaluating and correcting activities to keep the organization on course.
Matrix Six - Chapter Six The Dynamics of Business and Economics (Ferrell et. al 2016) Name: Jordoyn Leamon Learning Objective 3: Distinguish among three levels of management and the concerns of managers at each level. Types of Management Levels of Management & Areas of Management Top managers : T he president and other top executives of a business, such as the chief executive officer (CEO), chief financial officer (CFO), and chief operations officer (COO), who have overall responsibility for the organization. Middle managers: T hose members of an organization responsible for the tactical planning that implements the general guidelines established by top management. First-line managers: T hose who supervise both workers and the daily operations of an organization. Learning Objective 4: Specify the skills managers need in order to be successful. Skills Needed by Managers & Employee Empowerment Technical expertise: T he specialized knowledge and training needed to perform jobs that are related to particular areas of management. Conceptual skills : T he ability to think in abstract terms and to see how parts fit together to form the whole.
Matrix Six - Chapter Six The Dynamics of Business and Economics (Ferrell et. al 2016) Name: Jordoyn Leamon Analytical skills: T
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- Spring '14
- Management, Dynamics of Business and Economics