GMGT 2060 Study Guide - Midterm Guide: Absenteeism, Get Rich Or Die Tryin', Switching Barriers

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Document Summary

Planning a process where managers choose goals, identify actions to obtain those goals, allocate responsibility for implementing action to specific individuals, measure the success by comparing results to goals, and revise plans accordingly. Strategy a plan of action, designed to achieve a specific goal. Organizing gathering both human and physical resources, in order to execute the plan; how different parts of an organization will coordinate activities to pursue a common goal. Controlling monitoring performance against goals, intervening when goals are not met, and taking corrective action when necessary. Functional managers lead a particular function, or subunit within a function. General managers responsible for the overall performance of an organization, or one of its major self- contained divisions. Frontline managers manage employees who themselves are not managers. Competencies the ability of an individual to do a job properly. Stakeholders people with an interest in the company and how it does business; customers, distributors, employees, communities, etc.

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