Principles of Management Exam 1 Vocabulary

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1
Artificial intelligence (AI)
The ability of a computer system to perform tasks that normally require human intelligence
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Attitude
Learned predisposition toward a given object
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Big data
Stores of data so vast that conventional database management systems cannot handle them
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Career readiness
Represents the extent to which you possess the knowledge, skills, and attributes desired by employers
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Cloud computing
The storing of software and data on gigantic collections of computers located away from a company’s principal site
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Collaborative computing
Using state-of-the-art computer software and hardware, to help people work better together
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Competitive advantage
The ability of an organization to produce goods or services more effectively than competitors do, thereby outperforming them
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Conceptual skills
Skills that consist of the ability to think analytically, to visualize an organization as a whole and understand how the parts work together.
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Controlling
Monitoring performance, comparing it with goals, and taking corrective action as needed
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Core competencies
Competencies that are vital across jobs, occupations, and industries
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Databases
Computerized collections of interrelated files
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Decisional roles
Managers use information to make decisions to solve problems or take advantage of opportunities. The four ¬decision-making roles are entrepreneur, disturbance handler, resource allocator, and negotiator
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E-business
Using the Internet to facilitate every aspect of running a business
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E-commerce
Electronic commerce—the buying and selling of goods or services over computer networks
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Effective
To achieve results, to make the right decisions, and to successfully carry them out so that they achieve the organization’s goals
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Efficient
To use resources-people, money raw materials, and the like-wisely and cost effectively
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First-line managers
One of four managerial levels; they make short-term operating decisions, directing the daily tasks of nonmanagerial personnel
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Four management functions
The management process that “gets things done”: planning, organizing, leading, and controlling
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Functional manager
Manager who is responsible for just one organizational activity
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General manager
Manager who is responsible for several organizational activities
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Human skills
Skills that consist of the ability to work well in cooperation with other people to get things done
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Information technology application skills
The extent to which you can effectively use information technology and learn new applications on an ongoing basis
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Informational roles
Managers as monitors, disseminators, and spokespersons
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Innovation
Introduction of something new or better, as in goods or services
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Interpersonal roles
Of the three types of managerial roles, the roles in which managers interact with people inside and outside their work units. The three interpersonal roles include figurehead, leader, and liaison activities
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Knowledge management
Implementation of systems and practices to increase the sharing of knowledge and information throughout an organization
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Leading
Motivating, directing, and otherwise influencing people to work hard to achieve the organization’s goals
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Management
The pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading, and controlling the organization’s resources
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Meaningfulness
Is characterized by a sense of being part of something you believe is bigger than yourself
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Mentor
An experienced person who provided guidance to someone new in the work world
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Middle managers
One of four managerial levels; they implement the policies and plans of the top managers above them and supervise and coordinate the activities of the first-line managers below them
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Mindfulness
The state of being fully aware of what is happening in the present moment without reacting or applying judgment
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Nonmanagerial employees
Those who either work alone on tasks or with others on a variety of teams
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Organization
A group of people who work together to achieve some specific purpose. A system of consciously coordinated activities of two or more people
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Organizing
Arranging tasks, people, and other resources to accomplish the work
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Planning
Setting goals and deciding how to achieve them; also, coping with uncertainty by formulating future courses of action to achieve specified results
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Proactive learning orientation
The desire to learn and improve your knowledge, soft skills, and other characteristics in pursuit of personal development
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Process
A series of actions or steps followed to bring about a desired result
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Project management software
Programs for planning and scheduling the people, costs, and resources to complete a project on time
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Resilience
Generally defined as the ability to recover from setbacks, adapt well to change, and keep going in the face of adversity
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Soft skills
Ability to motivate, to inspire trust, and to communicate with others
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Sustainable development
Focuses on meeting present needs while simultaneously ensuring that future generations will be able to meet their needs
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Team leaders
Facilitate team members’ activities to help teams achieve their goals
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Technical skills
Skills that consist of the job-specific knowledge needed to perform well in a specialized field
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Telecommute
To work from home or remote locations using a variety of information technologies
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Top managers
Managers who determine what the organization’s long-term goals should be for the next 1–5 years with the resources they expect to have available
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Videoconference
Using video and audio links along with computers to let people in different locations see, hear, and talk with one another
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