BUS 201 : Chapter 6 – Managing the Business Enterprise.docx

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Peter Tingling

Document Summary

Financial managers: responsible for planning and overseeing the financial resources of a o compensating employees o firm"s products o process, and disseminate information and services to buyers firm o o. 4 leading causes of wasted time: paperwork managers spend too much time deciding on what to do with letters/reports should recognize which ones need more attention should be handled quickly telephone managers are interrupted by it every 5 mins have a secretary to screen calls set aside a certain block of time to return the important ones meetings many spend as much as 4 hrs a day person handling meeting should have clear agenda, start on time, keep everyone focused, o o end on time email many are not important (cid:224) time wasted increases. Swot analysis: identifying organizational strengths and weaknesses, and environmental o o opportunities and threats o competitors o o shortages of raw materials that they company produces well o changes in consumer tastes.