BSM 200 Lecture Notes - Lecture 2: Middle Management, Quality Control, Critical Thinking

• School: Ryerson University
• Department: Business Essentials
• Course: BSM 200
• Professor: Ranjita Singh

Document Summary

Why e(cid:374)trepre(cid:374)eurs do(cid:374)"t s(cid:272)ale or (cid:449)a(cid:374)t to stay as a startup, stayi(cid:374)g i(cid:374) the gro(cid:449)th phase: Loss of personable work (wanting to stay in a small team) What goes to the top management goes through mid mgmt. first with translating or condensing the data to the from bottom to top. Training the right people w/ the right skills. Communication is very important (ie. human skills) Four functions of management: bring resources to life; creating value for organization: planning, leading, organizing, controlling. Leading differs from top management, middle management, and lower management. Important to consider for the future of the organization because they analyze data and what is good for the market. Usually needed for top mgmt. to look at the overall picture: critical thinking and decision making skills. Speaking up is very important to seize opportunities. Gives the employees skills and capabilities beyond technical skills; leads to intrinsic motivation and creativity for innovation.