MGMT 1000- Final Exam Guide - Comprehensive Notes for the exam ( 50 pages long!)

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What is a manager: helps run organization, someone who can implement change. Leadership motivation: controls allocated definition, has vision to achieve goals, uses resources, running the company on the owner"s behalf, entrepreneurial skills, maintaining systems. Managers are responsible for making decisions about the allocation of scarce resources through strategic objectives (swanston, 2016) It"s important to develop a strategy: once you have a strategy/goal, that will guide you in how you want to run your business, there is no one strategy, have to make decisions that are consistent with strategy. Managers" roles are evolving new approaches: why: global competition, business may be done somewhere else. Leading and developing: gathering your group of workers and directing them to achieve organization goal, involves developing skills they already have further, controlling, motivating employees through initiatives and getting the task done. The 4 r"s of evaluating information for management decision making.