BUS 201 Lecture 6: BUS 200 Notes Week 6
13 Feb 2017
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Managers: the people who plan, organized, lead, and control the operations of an organization. Effective do the right things, achieve goals; efficient do things right, lower costs. Analyze competitive environments and plan, organize, direct, and control operations. Activities of determining the firm goals and developing an action plan to achieve these goals. Determine how to use and structure existing resources to implement the plan. Guiding and motivating subordinated to meet objectives. Managers have various responsibilities with regard to their employee. Managers monitor the firms performance to make sure it is meeting its goals. Top management: responsible for overall performance of the firm. Technical skills: allow managers to perform specialized tasks. Hu(cid:373)a(cid:374) relatio(cid:374)s skills: (cid:862)people skills. (cid:863) allo(cid:449) (cid:373)a(cid:374)agers to lea, (cid:373)oti(cid:448)ate a(cid:374)d (cid:272)oordi(cid:374)ate (cid:449)ith their subordinates. Time management skills: allow manager to productively use their time. Conceptual skill: ability to think in abstract; analyze situation and see beyond the obvious.
