ADM 1300 Study Guide - Operations Management, Walmart, Disposable And Discretionary Income

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ADM 1300 Full Course Notes
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ADM 1300 Full Course Notes
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Document Summary

Lecture 1 introduction to business management code for adm1300: crscdm9-239828. Management: is working with and through individuals and groups in order to achieve desired goals. The objective is the short term step to reach the long term goal. Objective is not the same as a goal. 1. first thing a business needs is a mission statement. A mission statement you purpose, its why you are there. Ethical: goals (long term results/objectives steps to goals) Set by people responsible for achieving them: plan (detailed course of action) Budget: organize (arrange your resources, leading (motivating) 3. compare actual performance v. s the established of expected. The management process is surrounded by the art of communication (internally and externally) A managers major responsibility is to co-ordinate all of the management process. They must make sure there all working together also known as synergy. That means you can"t do something to one part of the process to affect another part of the process.