11833731
Description
Flashcards by Sonam Bhuka, updated more than 1 year ago
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Created by Sonam Bhuka
over 6 years ago
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| Question | Answer |
| What is a SWOT Analysis | looking at the internal strengths and weaknesses of the company and the external opportunities and threads |
| What's the chain of command | The way of a business to organize its management hierarchy: Normally there is a top, middle, and supervisory management |
| What's the top mgmt? | senior managers like CEO, COO, etc; set the direction for the organization and aim to inspire employees. |
| What's the middle mgmt? | Managers who are in charge of a department, division, for example. Develop detailed plans and procedures |
| Whats the supervisory mgmt? | People like Team Leader, Section Chief, for example. Are responsible for assigning non-managerial employees to specific jobs. They implement the plans. |
| What's the Board? | They are responsible for the strategic planning. Are not involved in running the company. Main interest = shareholder value. |
| grassroots | Basis-Ebene |
| subordinates | unterstellte Mitarbeiter |
| What are overheads? | indirect costs like utility bills |
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