ADM 1300 Study Guide - Operations Management, Human Resources, Fixed Cost
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ADM 1300 Full Course Notes
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Definition of management - management is working with and through individuals and groups in order to achieve desired goals. You do not do things on your own, its meant to be done with through/others. Managers need to learn how to delegate power, even though you are ultimately responsible for the task. Management is like a chain of command, similar to the military. Objective the short-term step that"s taken to reach a goal. Managerial functions planning, organizing, motivating, leading, controlling. Organizational functions accounting, finance, operations management, human resources management, marketing. Society, opportunities, threats, the strengths and weaknesses of the company, legal, political, economy, resources, technology, demand, competition; all affect the mission statement. Goals should be realistic, specific, measurable, timeframe, challenging. Goals should be set by the people responsible for achieving them. Procedure sequence of steps that you go through to carry out the policy, Planning organizing (strengths and weaknesses) and motivate.