Organizational Concepts

What is Management?

• Refers to planning, organizing, staffing, controlling and leading people, processes, and assets in order to achieve a goal or task in the best way possible.

• Involves the process of making decisions based on financial data and market trends.

• Is the act of overseeing a team without any specific goals or objectives.

• Refers to the ability to influence others without authority or formal power.

What is Chain of Command?

• A system that outlines the hierarchy of authority in an organization.

• A method for tracking project progress.

• A strategy for team collaboration and communication.

• An organizational structure that shows who each person reports to.

What are Problem-Solving Skills?

• An ability to make good trade-offs with limited resources, as well as to effectively handle difficult and/or complex business challenges.

• A talent for creating innovative marketing strategies.

• A skill in managing time effectively to increase productivity.

• An expertise in financial analysis and budgeting.

What are Company Values?

• What a company believes, its business practices around how teammates treat one another, and how the company treats its customers.

• The financial goals and objectives set by a company for its growth.

• The marketing strategies a company uses to promote its products.

• The legal obligations a company must adhere to in its operations.

What is Emotional Intelligence?

• The ability to care, empathize and understand the needs of others.

• The capacity to analyze and solve complex mathematical problems.

• The skill to manage financial resources effectively.

• The talent for creating artistic and musical compositions.

What are People Skills?

• An ability to empathize with people and understand them and their current situation, while also effectively influencing, communicating, and interacting with them.

• A talent for performing arts and entertainment in front of an audience.

• A skill set focused on technical knowledge and expertise in a specific field.

• The capacity to manage time and resources efficiently.

What is Company Culture?

• The shared beliefs, values, goals, attitudes, and behaviors of a company’s employees; it combines employee feelings about their work with how it motivates them to serve the company’s mission.

• The financial performance metrics that indicate a company's profitability and growth.

• The physical environment and layout of a company's office space and facilities.

• The marketing strategies and branding efforts that define a company's public image.

What are Procedural Skills?

• An ability to quickly learn and perform certain methods, sequences, or procedures in order to accomplish a task.

• A theoretical understanding of concepts without practical application.

• A set of skills that are only applicable in academic settings.

• An innate talent that cannot be developed through practice.

What is Leadership?

• Inspiring, motivating, influencing, and maximizing the efforts of people towards a common purpose.

• A method of managing resources effectively.

• A technique for controlling team dynamics.

• A strategy for increasing profits in a business.

What is Staffing?

• Recruit, interview, hire and orient the appropriate people to fill organizational roles.

• Develop training programs for employee skill enhancement.

• Conduct performance evaluations for existing employees.

• Create job descriptions and specifications for new positions.