ADM 1300 Study Guide - Fixed Cost, Moral Rights, Loss Leader

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

Document Summary

Management is working with and through individuals and groups in order to achieve desired goals. Organizational functions (5: accounting, finance, operations management, human resources management, marketing. Effective by social, ethics, market demand, economy, legal, politics, resources, technology. Specific, measureable, time frame, challenging, reasonably attainable, set by people responsible. Organize, motivate lead to control: establish standards, measure performance, compare, take corrective action, if necessary. Henri fayol was the first to describe the four 4 managerial functions. Fayol noted managers at all levels must perform each of the function. Managerial roles: described by mintzberg, a role is a set of specific tasks a person performs because of the position they hold, roles are directed inside as well as outside the organization, interpersonal, informational, decisional. Conceptual skills: the ability to analyze and diagnose a situation and find the cause and effect; the ability to dream: 2. Human skills: the ability to understand, alter, lead and control people"s behaviour; the ability to interrelate: 3.