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Management
Short Definition
1. Principal of Henry Fayol: Authority, order,
unity of command and unity of direction.
2. Step in planning: Determination of objective,
planning premises, evaluating the
alternatives.
3. Henry Fayol: A French high executive
4. father of scientific management F.W Taylor
5. Why F.W Taylor was famous he introduces
the scientific management.
6. Manager: he is the person who supervises
the work of subordinates and coordinates
the work of other in order to reach an
objective.
7. Function of manager: planning, organizing,
staffing, directing and controlling.
8. Major school of management: social system
empirical, human behavior, process school
rational and mathematical school.
9. Authority: The capacity to give command
which is accepted as lawful by other.
10. Long range plans: long range plan are also
called strategies consist of 5 to 10 years.
11. Organizing: organizing includes assigning
duties, divide the work for particular job and
define relationship b/w them.
12. Appraisal the process: of considering and
evaluating the performance of employees
with the objective of improving job
performance.
13. Supervision: the process of mortaring the
work of other to insure that they fulfill their
assigned duties particularly related with
manager job.
14. Coordination: the process of combine
together the work of organization, member
and departments to achieve the desire goal
of organization.
15. Budget: The predetermined financial plan
for given future period.
16. Program a process: listing of necessary
activities to accomplish various phase of
organization goal.
17. Centralization: the vertical division of
organizational structure, organization and
centralized when important taken by the
manager at the top of organization.
18. Departmentation: Departmentation is a
broad division of business enterprise in
different departments, sector or group.
19. Departmentation by product: it refers to

departmentise the enterprise with the

preference of product due to serial
characteristics.
20. Departmentation by customer: when we
departmentalized customer, we structure the
customer needs and characteristics.
21. Profit: the difference that arises when firms
sale revenue is greater than total cost.
22. Communication: The exchange of
information within the organization.
23. Different level of management top: middle
and lower
24. Different level of manager top: middle and
lower
25. List of transforming message: orally, mail,
email telephone, website.
26. Manager operates closed or opened
system: manager operates in opened
system.
27. Compensation: compensation is how we
reward or punish managerial performance.
28. Authromatic leadership: It is style of
leadership where the span of management
is narrow, supervision is closed and
centralization is high.
29. Democratic leadership: It refers where the
span of management is wide and
centralization is high.
30. Budget: budget regulate all phase of
organizations operation over a specific
period of period time.
31. Free lien leadership: it is a kind of laissez
fair style of leadership.
32. Barrier to communication position,
language, resistance to change and
organization structure.
33. Plan: the output of a planning process in a
series of documents is called plan.
34. Planning premises: When we use
assumption about the future to plan we are
using those assumptions as planning
premises.
35. Procedure: procedure shows a sequence of
activities within the organization to achieve
a goal of leader.
36. Policies: policies are guides thinking that
leads to action policies Goren every aspect
of organization policy may be broad or
narrow written or implied.
37. Committee: Committee, boards, basic force
and commission present any where to
guide, control and supervise the work of

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others.
38. Business plan: A detailed plan including
monetary projection, setting out the
objectives and prospect of number of year
into the future.
39. Difference B/w selection and recruitment: In
selection we select unqualified people while
in recruitment we select educated qualified
as well as uneducated people.
40. Skill and personal characteristics of
manager human skill, conceptual skill,
competent, personal judgment, experience
etc.
41. Objects: the goal which firms sets to itself in
respect of profit return, sale and assets
growth.
42. Goal: the object firm sets to itself in respect
of sale profit return and assets growth.
43. Span of management: It deal with the scope
of supervision the number of people any
one can supervise effectively.
44. Plural executive: A committee works with a
problem. It investigate, analysis and debate
the problem and make a recommendation
when a recommendation is division it acting
as plural executive.
45. Why training is necessary: it is necessary
b/c is bringing more efficiency among the
employees which make better effect on
organization.
46. Elements of communication process source,
sender, and medium reserver.
47. Planning: process to determine objective
and determine educate and select the
alternatives.
48. Power: Power refers to complete authority
over subordinate to attained obedience.
Power is domination directing the action of
other towards predetermined goal.
49. Motivation: It is a process by which
employees bhv started directed towards
goals and objectives.
50. Authority the right to require or prohibit a
person from doing something.
51. Centralization: If the decisions are
concentrated at the top, the organization
said to be centralized.
52. Decentralization: If the decisions are made
at low level the organization is
decentralized.
53. Decision: The act of selecting a particular
course of action.

54. Departmentation the division of organization

in to subsets or departments which may be
based on purpose, product, place or people.
55. Management by objective (MBO): A
management concept that involved
participative goal setting and evaluation on
the basis of result.
56. Policy: a general guideline for behavior that
provides direction as to how organizational
good will be accomplished.
57. Power: The ability to influence where no
right exist.
58. Rule: Statements that require or prohibit
certain action.
59. Strategy: Strategy is refers to determine the
overall authority major goal adoption of
course of action and allocation of resources
to achieve the organizational goals.
60. Job Description: A job description defines
the duties of each job in the organization as
well as experience and knowledge needed
to carry out it.
61. Plural executive: a team or group of
manager who function as chief executive
officer (CEO)
62. Pay off matrix two dimensional charting of
strategies that may be employed in each of
the states present in a situation.
63. Decision tree: a Graphic representation that
Helps manager to identify the
consequences of the major alternative in a
decision situation.
64. Job rotations: the process of moving
workers into a rarity of positions so that they
can gain new experience and perspective.
65. On the job Training: simple inexpensive
approaches teach actually perform the job
under supervision.
66. Laissez: Fair leader one who lets
subordinates does as they chose.
67. Premise: The assumption on which plans
are made.
68. Decision making: The processes of
choosing judgments about the alternative
that confront individual and managers.
69. Break even analyses: the process of arriving
at the revenues that must be generated in
order to cover the fixed and variable costs
associated with a project.
70. Scientific management: A major school of
management thought emphasis the
importance of efficiency.

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71. Contingency plans: An alternative plan that
is created in advance that anticipate
difficulties.
72. Standards measures by which performance
is evaluated.
73. Management by objective (MBO): Peter
ducker a system that involves setting up
specific objective that becomes plan and
measure of sources for individual and
departments throughout that organization.
74. Procedure: A chronological sequence of
step to be taken to accomplish a specific
objective.
75. Decision matrix: A method of organizing
complex decision problem.
76. Formal organization: the nature of network
of R/s established by the org accomplish it
purpose.
77. Managerial Grid: A training and
development technique developed by
Robert black that can be used among other
things to position managers with respect to
their concern for people and production.
78. Span of management: the no of employees
a manager is responsible for supervising.
79. Communication: the process by which
information exchanged with other people.
80. Goal: results to be obtained.
81. Manager: individual who are responsible for
helping the organization to reach the goal?
82. Policy: A guide for carrying out action.
83. Planning: The format process of making
decision that is intended to affect future.
84. Reward: the benefits desired by the
individual.
85. Role: a group of related activities carried out
by an individual.
86. Rule: A specific course of action that must
be followed.
87. Scheduling: the creation of time table to
show when certain things should be done.
88. Top manager: manager who are responsible
for overall operation of the organization.
89. Motivation: it is willingness to expand
energy to achieve a goal or a reward.
90. Authority: the right to make a decision.
91. Job description: A written statement of what
a job holder does and how and why it is
done.
92. Power: the ability to limit choices.
93. Policy: a guide for carrying out action.
94. Strategies: the important of pattern

decisions that guide the organization in its

environment.
Influence the structure and process of the
organization.
95. Autocratic leadership: A leadership style
characterized by order and command.
96. Democratic leaders: A leader who allows
group discussion in the decision making
process.
97. Line: A function in which manager and
employees are directly involved in the
production of the
98. Discrete random variable: A random variable
that is allowed to take only limited number of
values.
99. Bernoulli Process: A process in which each
trail has only two possible outcomes.
100. Binomial Distribution: A discrete
distribution of the result of expenses known as
a Bernoulli process.
101. Decision: The act of selecting particular
course of action parameters values that
describe the characteristics of population.
102. Bayes theorem: The formula for
conditional probability.
103. Standing Plan: these are ongoing plan that
provide guidance for activities performed
rapidly.
104. Interpersonal role: managerial roles that
involve purpose and other duties that is
symbolic in nature.