MGT 1000 Study Guide - Comprehensive Final Guide: Cash Cow, Groupthink, Gantt Chart
Document Summary
Management: getting work done through others using efficiency and effectiveness. Efficiency: getting work done with a minimum of effort, expense or waste. Effectiveness: accomplishing tasks that help fulfill organizational objectives. Planning: determining organizational goals and a means for achieving them. Organizing: deciding where decisions will be made, who will do what jobs and who will work for whom. Leading: inspiring and motivating workers to work hard to achieve organizational goals. Controlling: monitoring progress toward goal achievement and taking corrective action when needed. Top managers: executives responsible for the overall direction of the organization. Middle managers: managers responsible for setting objectives consistent with top managers goals and for planning and implementing subunit strategies for achieving these objectives. First line managers: managers who train and supervise the performance of non managerial employees who are directly responsible for producing the company"s products and services. Team leaders: managers responsible for facilitating team activities toward accomplishing a goal.
