[COMMERCE 2AB3] - Midterm Exam Guide - Comprehensive Notes for the exam (25 pages long!)
6 Feb 2017
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Objectives are diverse such as maximizing short-term profits and market share. One key objective of the manager is to add value to the business under its control. Manager"s activities and responsibilities can be classified into three broad functions. Directing: coordinating a company"s diverse activities and human resources to. Controlling: the process of keeping the company"s activities on track. Done by produce a smoothly running operation asking good questions and knowing the answers. To assist in the carrying out of management functions, most companies prepare organization charts. Shareholders own the corp. but they manage it indirectly through an elected board of directors. The ceo has the overall responsibility to manage the business. Below the ceo are line positions, which are generally vice president positions and are directly involved in the company"s main revenue generation operation activities. Stagg positions are involved in activities that support the efforts of the line employees.
