BBA102 Lecture Notes - Lecture 1: Making Money, Competitive Advantage
15 Nov 2018
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Document Summary
The pursuit of organisational goals efficiently and effectively by integrating the work of people through planning, organising, leading and controlling the organisation"s resources. Efficient: achieving objectives while making the best use of the resources - people, money, raw materials. Effective: doing the right thing to achieve your objective as quickly as possible. Achieve results, to make the right decisions and to successfully carry them out. The act or act of managing: getting things done through people. Mintzberg"s key findings that characterise the dynamic of managing. The brevity and variety of its activities in the context of the fragmentation and discontinuity of the job. The favouring of informal and verbal forms of communication. Job specific knowledge needed to perform well in a specialised field. The ability to think analytically, to visualise an organisation as a whole and understand how the parts work together. The ability to work well in cooperation with other people to get things done.
