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MGTA01H3 Lecture : MGTA03 CHAPTER 7.docx

24 views7 pages
coffeecat957
26 Apr 2012
School
UTSC
Department
Management (MGT)
Course
MGTA01H3
Professor
H Laurence

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MGTA01H3 Full Course Notes
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MGTA01H3 Full Course Notes
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Document Summary

Management: the process of planning, organizing, leading, and controlling a business"s financial, physical, human, and information resources in order to achieve its goals. Planning: that portion of a manager"s job concerned with determining what the business needs to do and the best way to achieve it. Has three main components: determining the firm"s goals; developing a comprehensive strategy to achieve those goals; designing tactical and operational plans for implementing the strategy. Organizing: that portion of a manager"s job concerned with mobilizing the necessary resources to complete a particular task. Hp lost a lot of it"s lustre because of its poorly organized structure; internet plan was not centralized. Leading: that portion of a manager"s job concerned with guiding and motivating employees to meet the firm"s objectives. Successful managers motivate employees to go above and beyond normal work practices to ensure the company"s (and their own) financial success.

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Related Questions

The purpose of management by objectives is to:Ā 
A. enable top management to set goals for the entire organization.
B. simplify the jobs of middle management by providing them with predetermined goals and objectives.Ā 
C.help employees motivate themselves with a goal-setting model that involves, discussion, review, and evaluation by management and employees.Ā 
D. allows employees to set their own goals without consulting with management.
Which of the following activities is part of the organizing function of a manager?
Ā 
A. Going over a spreadsheet to analyze some financial data
B. Teaching a new employee how to use a piece of office equipment
C. Giving front-line workers additional resources needed to provide faster and better service to customers
D. Developing a broad general strategy to help the organization meet its long-term growth objectives

A central characteristic of "management by objectives" is that:

A goals are set by top management and followed without question by others within the organization.

B. employees are given complete freedom to set their own goals as long as they are consistent with broad guidelines established by top management.

C. goals are set through a process involving all members of the organization.

D. it assumes that management must motivate employees since employees are incapable of motivating themselves.