ADM 1300 Study Guide - Midterm Guide: Oligopoly, Trade Restriction, Business Cycle

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ADM 1300 Full Course Notes
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ADM 1300 Full Course Notes
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Management: the process of using resource to achieve goals efficiently and effectively. Manager: the person who are responsible for supervising resources to achieve goals. 3 managerial skills: technical (1st level), human, and conceptual (top level). Technical skills: the manager"s ability to understand and use the techniques, knowledge, tools, and equipment of a specific department or area of study. Human skills: interpersonal skills, including the ability to communicate with, motivate, and lead employees to complete their assigned activities, that help managers to work effectively with people. Conceptual skills: help a manager to see the organization as a single unit and to understand how each part of the overall organization interacts with other parts. Planning: used to select goals and a course of action to achieve goals. The process of looking forward to future events and conditions and deciding on the courses of action for achieving organizational goals. Organizing: structuring workplace to achieve goals; mobilizing resources, arranging work; creating organizational structure.

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