ADM 1300 Study Guide - Price Fixing, Models 1, Limited Liability

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

Document Summary

Business: management is working with and through individuals and groups to achieve desired goals, managerial functions, planning, organizing, leading, controlling, organizational functions, accounting, finance, operations management, human resources management, marketing. Mission statement the way in which you run things, the philosophy, the mandate. Political: values, resources, environment, economics, legal, technology, competition, market demand. Goals (long term: reasonably attainable, realistic, challenging, goal is set by person responsible for achieving it, time frame, measurable. Performance appraisal system check goals against performance. Control: establish standards, measure performance, compare actual vs. expected, take correction action if significant deviation. Managerial roles: described by mintzberg, a role is a set of specific tasks a person performs because of the position they hold, roles of directed inside as well as outside the organizational, 1. Interpersonal figurehead- liason - leader: 2. Informational disseminator monitors - spokesperson: 3. Decisional disturbance handler entrepreneur- negotiations- resource allocation.