RSM219H1 Lecture Notes - Lecture 8: Chief Financial Officer, Firstline, Chief Operating Officer

• School: UTSG
• Department: Rotman Commerce
• Course: RSM219H1
• Professor: Bill Mc Conkey

Document Summary

Mgta01 lecture 8 managers and managing. 4 functions of the management process: planning there are different layers of planning. At the top, there is the senior mgmt. team (chief executive officer [ceo], chief operating officer [coo], chief financial officer [cfo], etc. : they are focused on setting the longer-term plans. Once these plans have been set, there are other levels of planning that are necessary to be managed by other layers of the firm middle mgmt. layer. Middle mgmt layer: ppl who will take the senior mgmt. plans and turn them into monthly, yearly, and maybe a couple year out plans on how to execute in a way consistent with those strategic plans. E. g. , manufacturing company senior says they want to expand manufacturing base in a certain country. These will be handled by middle managers, such as dept heads; they are not executives.