Financial Analysis - The process of planning, maintaining, monitoring, controlling, and reporting the use of financial resources, Accounting - keeping accurate and useful financial records; and analyzing and interpreting the recorded information., Human resources Management - The process of planning, staffing, leading, and organizing the employees of the business, Information Management - The process of accessing, processing, maintaining, evaluating, and disseminating business knowledge, facts, or data, Marketing - The process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large, Operations - The day-to-day activities required for continued business functioning, Strategic Management - The process of planning, controlling, and organizing an organization or department, Outsoursing - involves using outside organizations or consultants to perform one or more of the primary business activities., Production - The process or activity of producing goods and services, Management function - Groups of activities related to management (i.e., planning, organizing, staffing, directing, and controlling), planning - The management function of deciding what will be done and how it will be accomplished, staffing - involves recruiting, interviewing, hiring, orienting, and dealing with job changes for a company's employees, Directing - The management function of providing guidance to workers and work projects, Controlling - monitors the work effort, organizing - The management function of setting up the way the business's work will be done., Benefits - Advantages or payments employees receive in addition to their wages (e.g., sick time, holiday pay, health insurance), Compliance - Fulfilling the requirements of the law, Professional Development - Steps that an individual takes to enhance or improve skills or traits that are needed to excel in her/his career/profession, Management - is the process of coordinating resources to accomplish an organization's goals, and managers are the people who make things happen. To be effective, they must have technical skills, interpersonal skills, and conceptual skills., Conceptual skills - The ability to see the "big picture" and think about how things will work together,

Unit 3 Management Part 1

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