ADM 1300 Lecture 1: Chapter 1: Management and Organizations

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Archibald

Document Summary

Delegator (provides tasks and responsibilities to the team) Must be confident, flexible, good at communicating. Conceptual skills (eg recognize problems, challenges and opportunities, and find the cause and effect of each ) Can predict where the organization will be x years down the line (growth) Started in the us, lehman brothers bank went bankrupt. Gave subprime mortgages to people who couldn"t buy a house (low interest rate for the first year, assuming housing would increase in the next couple years) A group of people working together to achieve some common purpose. An organization is working with their environment (could be natural, or the general environment outside of us) Eg apple: the components of your phone are not created by apple - they have suppliers, other organizations that provide them with these parts (eg samsung) Apple will then manufacture these phones and provide them to their stores to sell. Stakeholders impact how organizations operate in an open system.