MGD415H5 Midterm: First test review

• School: UTM
• Department: Communication, Culture and Technology
• Course: MGD415H5
• Professor: Sarah Richardson

Document Summary

planning: develop mission statement, and what company has to do to achieve their goals, developing gopst (goals, objectives, plans, strategies, tactics), knowing how to match resources to do things you need. directing: training, evaluating, firing, influencing people"s behaviour through motivation, bossing people around. organizing: identifying and establishing jobs, positions, and chain of command. controlling: check to see if things are done right, if not, give commands to control things and taking corrective or pre-emptive actions. an organizations basic purpose of being: one of the first actions an organisation does. vision statement vs. mission statement: vision statement pushes the association toward some future goal or achievement, mission statement guides current, critical strategic decision making. orients the company and supplies guidelines for upper management when facing difficult problems. mission statements can change and adapted as marketing situation arise: ex.