MGTA02H3 Lecture 1: Lec 1 Chapter 1
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MGTA02H3 Full Course Notes
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A business leader has the responsibility for defining the purpose, and setting the directions. Business leaders are usually its owners, but with multi owners, the responsibility or leadership is delegated to others such as directors or seen your employees. Mission: is there a reason why a business exists, and the goals that it is trying to accomplish. In a well-run business the particular purpose and direction should be clear to all stakeholders, shareholders, employees and customers. Managing: the process of planning, organizing, leading and controlling resources in order the accomplish a task. Managers: individuals responsible for planning organizing, leading and controlling resources in order to accomplish a task. Planet: determining what needs to be done to accomplish a task, and the best way to accomplish it. ( uses discrete, logical steps) Organizing: assembling and preparing the resources necessary to complete a task. Leading: the art of guiding or inspiring others to follow.
