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


Department
Management
Course Code
MGMT 1000
Professor
David Stuewe
Study Guide
Final

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Dal
MGMT 1000
Final EXAM
STUDY GUIDE

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Dalhousie University
MGMT 1000
Managing Organizational Issues I
Fall 2017
Term Test 1
Prof: David Stuewe
Exam Guide
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Introduction to Management
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)
What makes someone an effective manager? :
Effective managers make better decisions more often
Allocating resources is important physical resources, etc.
We want resources in the most effective, beneficial way
Every business has different goals and objectives
What works for one organization won’t work for other organizations
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
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