Business Management

3. The ability to see the business as a whole and develop a long-term plan.
7. This skill of management involves a broad range of activities that are directed at finding a solution.
9. External environmental factors that could present problems for a business.
10. Anticipating changes in the business environment and making decisions to ensure a business can take advantage of the changes.
11. External environmental factors that a business could take advantage of.
12. Owners of a company. They provide the capital that allows the company to operate.
15. Acquiring different skills, usually through training.
16. Achieving maximum output with minimum inputs.
17. The ability to see into the future and envisage what the business will look like.

1. This type of manager dominates the decision making process and is not very democratic.
2. Managers often have to come up with solutions to reconcile the conflicting interests of who?
4. The economic, social and environmental performance of a business.
5. Driving an action using incentives.
6. Set targets to work towards. They must be specific, measurable, achievable, realistic and timed.
8. A skill which allows managers to communicate with different people effectively
13. A structure of management with a long chain of command.
14. A management skill required when plans encounter unforeseen problems.