ADM 1300 Final: ADM1300 Final.docx

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Matthew Archibald

Document Summary

A d m 1 3 0 0 f i n a l n o t e s. Planning: identifying and selecting suitable goals and courses of action. Strategy: cluster of decisions what goals to pursue, actions to take and how to use resources to achieve goals. Planning: determine organization"s vision, mission and goals. Vision statement: broad declaration of big picture of organization statement of its dreams for the future. Mission statement: organization"s purpose that identifies products and customers. Asks who are the customers? what needs are being satisfied? how are we satisfying customers needs? . Goal: desired future outcome that an organization strives to achieve: formulate a strategy. Analyze organization"s current situation, conceive and develop strategies necessary to attain its missions and goals. Managers decide how to allocate resources and responsibilities required to implement the chosen strategies among the individuals and groups in the firm. Corporate level plan: top mgmt. "s decisions, in relation to firm"s mission, strategy and, structure.