ADM 1100 Study Guide - Midterm Guide: Chief Financial Officer, Departmentalization, Middle Management

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Patrick Woodcock

Document Summary

Business create a growing economy (produces more goods and services but uses fewer resources over time) engine for growth. Business: all profit-seeking activities and enterprises that provide goods and services necessary to an economy system. Profits: rewards for business people who take risks involved to offer goods and services to customers. Management: the process of achieving organizational goals through people and other resources: top management : chief executive office, chief financial officer, premier, mayor. Inspire executives and employees to achieve their vision for the companys strategic plans. Need mostly human skills, some conceptual and sometechnical: supervisory (first-line management): supervisor, department chairperson, program manager. Motivate workers to accomplish daily, weekly and monthly goals.