MGTA01H3 Lecture Notes - Strategic Management, Sole Proprietorship
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
When being in a sole proprietorship business, it"s clear what the goal and purpose is and where it"s going and its limits. But when it gets into a wider business, there"s different viewpoints, and priorities which allows for an unclear goal. When businesses expands into a corporation, it becomes even more complicated, because the viewpoints and different ideas get passed down like a chain. In order to manage a large organization somebody has to see the big picture. Sometimes it"s hard to see what the purpose is. Sometimes it"s hard to see how to accomplish that purpose. Someone has to see the big picture ex. People who are at the top of an organization. Their job is to communicate to everybody else. How to manage a business starts when managers can articulate very closely or believably make it known that they know what they"re trying to do. We"re going this way, if you want to hop on, get on board.
