Bussiness CHAP 5-6

A vision for a company is: 

• an explanation of why the company exists and where it wants to go.

• the same thing as an objective.

•  a detailed plan that outlines the major organizational structure of the firm.

• very relevant for the short-term, but less useful for the long-term.

__________ is the art of utilizing organizational resources to accomplish goals at work. 

• socialization

• justification

• preparation

• management

___________ are broad, long-term accomplishments an organization wants to achieve. 

• objectives

• goals

• directives

• agendas

When a firm makes use of SWOT analysis, one of its objectives is to: 

• identify the best employees to fill each position within the organization.

• set specific short-term performance standards for each department.

• evaluate the desirability of issuing stocks or bonds in the current financial climate.

• identify the things it does well as an organization and the things it needs to improve.

Management is more progressive today. There is more emphasis on:

• individual work that can be successfully measured.

• working in teams.

• striving to eliminate the control function of management.

• placing greater reliance on the government for financing.

____________ skills include the ability to perform tasks of a specific department or job, such as selling (marketing) or bookkeeping (accounting). 

• 
  conceptual

• departmental

• technical

• 
  tactical

When managers work on creating conditions and systems to ensure that everything and everyone works together to achieve the organization's goals, they are involved in the __________ function of management. 

• controlling

• leading

• planning

• organizing

__________ are specific, short-term, measurable results an organization wants to achieve in order to fulfill its long-term goals. 

• directives

• opportunity targets

• objectives

• mission complements

Tactical planning is concerned with:

• determining the best way to cope with an emergency situation.

• developing detailed strategies about what is to be done, who is to do it, and how it is to be done.

• devising temporary courses of action to be used if the primary plans do not achieve the desired results.

• 
  setting long-run goals that will govern the general course of the organization for years.

__________ planning determines the major goals of an organization and lays the foundation for obtaining and using resources to achieve those goals. 

• strategic

• contingency

• central

• tactical