Master this deck with 21 terms through effective study methods.
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It comes from the Italian word 'maneggiare', meaning 'to handle'.
Effectively means achieving desired results, while efficiently means doing so without waste.
Mary Park Follett.
Managing involves forecasting, planning, organizing, commanding, coordinating, and controlling.
It uses scientific methods to find the 'one best way' to perform a job.
Physiological needs like food, clothing, and shelter.
It emphasizes the human aspect of work.
Strengths, Weaknesses, Opportunities, and Threats.
To lead a team towards achieving common goals.
Open systems interact with their environment, while closed systems do not.
To establish goals and define methods to achieve them.
It is owned by shareholders and has limited liability.
Tactical plans outline how to achieve strategic goals, while operational plans detail day-to-day operations.
They implement the goals set by top management.
It schedules and budgets project management tasks.
Factors like economic growth, interest rates, and inflation.
It influences business strategies through government policies.
The average income earned per person in a specific area.
Full adaptation of modern technology in processes.
Growth refers to GDP increase, while development focuses on structural transformation and quality of life.
It consists of personal and social relationships within a formal organization.