MGTA01H3 Lecture : Lecture Notes for chapter 7 of the course with Prof. McConkey

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18 Jul 2011
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MGTA01H3 Full Course Notes
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MGTA01H3 Full Course Notes
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Management is not the arbitrary exercise of power. Management makes an enormous difference in the amount of success you achieve in reaching goals. To get things done, managers engage in 4 activites: Management = planning, organizing, leading, controlling (which are all interrelated) Determining what needs to be done, and the best way to achieve it; determining how to achieve goals and how to do so efficiently. Creating a business plan; organizing thoughts, sharing with others; initial step to planning for those who want to start a business. A project plan (another business plan) is used to plan and figure out objectives of major projects within businesses. Organizing means putting the resources needed into place; mobilizing the resources necessary to complete the task: Guiding and motivating others to meet the organization"s objectives. How; elements of leadership: teaching and demonstrating, leading by example, creating incentives.

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