MGM101H5 Chapter Notes - Chapter 1: Purch Group, Social Capital, Knowledge Management
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MGM101H5 Full Course Notes
Verified Note
25 documents
Document Summary
Technical skill the ability to perform a specialized task that involves a certain method or process. Organizing the management function of assembling and coordinating human, financial, physical, informational, and other resources needed to achieve goals. Planning specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Management the process of working with people and resources to accomplish organizational goals. Good managers do those things both effectively and efficiently. Sustainability the effort to minimize the use and loss of resources, especially those that are polluting and nonrenewable. Cost competitiveness which means keeping costs low enough so that the company can realize profits and price its products (goods or services) at levels that are attractive to consumers. Speed fast and timely execution, response, and delivery of products. Service giving customers what they want or need, when they want it. Quality the excellence of your product.
