Business Management Concepts Quiz

The overall plan and actions for achieving long-term goals and success.

Ability to foresee the future of the industry and the company, forming a compelling long-term goal.

Specific, measurable, achievable, relevant, and time-bound goals that align with the strategic vision.

Continuous process of guiding and adjusting organizational strategy in response to changes and opportunities.

Skill of planning for the future by anticipating trends, opportunities, and challenges.

The use of language and vocabulary that demonstrates a deep understanding of strategic concepts.

The ability to communicate ideas, projects, and strategies effectively, bridging technical and business aspects.

Presenting IT initiatives in a way that aligns with organizational goals and objectives.

Introducing and using new ideas, methods, and tech to improve things.

Working together with others, across departments and companies, to reach shared goals.

Giving team members the power to make decisions and act in their areas of expertise.

Doing what's right and fair, being honest and transparent in all actions.

Leading by inspiring and motivating teams to achieve major goals and changes.

Being able to quickly adjust to changes in tech, what customers want, and the company itself.

The strength to bounce back from challenges, overcome obstacles, and learn from failures.

Making sure everyone's opinions, regardless of their background, are valued and respected.

A combination of skills, knowledge, and behaviors that enable effective performance in a job role.

The ability and resources of an organization to achieve a particular goal or perform a specific type of work effectively.

A unique characteristic or advantage that sets a product, service, or company apart from its competitors.

The process of managing the expectations and contributions of individuals or groups with an interest in the project or company's outcomes.

A clear statement that explains how a product or service solves a problem or improves a situation, delivering specific benefits.

The capability of a system, network, or process to handle a growing amount of work or its potential to be enlarged to accommodate that growth.

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

The ability to deliver products or services in a cost effective manner without sacrificing quality.

Monitoring key points or events within a project timeline to assess progress.

An iterative approach to project management where teams deliver value quickly.

Identifying and planning to reduce risks to project goals.

Identifying stakeholders who could influence a project and understanding their needs.

A technique for estimating project duration and scheduling tasks.

Balancing project resources to avoid overworking individuals or teams.

A systematic process for ensuring a product meets client expectations.

A technique for measuring project performance and progress.

A centralized management process to select and manage a group of projects that all work together to achieve a certain business goal.

The practice of assigning and managing resources (people, money, etc.) to projects in a way that helps the company reach its goals.

The rules and ways of doing things that make sure a project is managed fairly, transparently, and in a way that everyone is accountable for.

The process of looking at and analyzing the potential risks (things that could go wrong) that might affect a project (or a whole group of projects).

The way we communicate with important people or groups who have an interest in or are affected by a project.

A way of doing things where companies focus on delivering a positive experience for their customers through their products and services.

The way a company plans and implements changes in its internal and external processes.

An approach to IT that focuses on using technology to make customer experiences better.

Determining the order of projects based on how well they match business goals.

Constantly adjusting the project list to get the most value and fit within company resources.

Measuring how well project management is working, like tracking progress and return on investment.

A formal process for managing changes to projects, making sure only necessary changes happen.

Making sure each project directly helps the organization achieve its overall goals.

Figuring out the resources needed to complete projects and meet company objectives.

Clearly defining what is and isn't included in a project.

The process of making sure everyone understands the project's goals, tasks, and timelines.