BSM 200 Lecture Notes - Lecture 13: Inventory Control, Damages, Critical Thinking
14 Apr 2017
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Document Summary
Changing importance of factors (from start up to growth: stage 1: Owner, cash, product, crucial relations (one significant customer, supplier, or technology: stage 2: Managers, systems, formal research, wider (a new) network negotiations and bargaining power. Financially acceptable (know how it will be financed) Strategically acceptable (continues to improve and establish company"s position in market) Operationally acceptable (management know how to control and support it) Role of management: bring resources to life (creating value for organization: leading, planning, controlling, organizing, achieving organizational goals through these four functions by ensuring that organizational resources- people, money, and time all used well. Role of management: different layers (skills at each level, decision making (what is required for good decision making?, motivation (importance, etc. , difference between leaders and managers. Why do we care about managers: move the business forward in growth pages and beyond .
