RSM100Y1 Study Guide - Final Guide: Accrual, Bookkeeping, Ebay
Document Summary
Planning: determining what the business needs to do and the best way to achieve it. Organizing: determining how to use existing resources to implement the plan. Arranging jobs in a structure to create an efficient task system. Leading: guiding and motivating subordinates to meet the firm"s objectives. Managers have various responsibilities with regard to their employees: the authority to give orders, the ability to guide employees, and the power to motivate subordinates. Determine what actions were most effective in achieving goals. Understanding what went wrong and how to fix it. Time management skills: productive use of time, leading causes of wasted time. Decision-making skills: recognize and define the decision situation, identify alternatives, evaluate the alternatives, select the best alternative, implement the chosen alternative, follow-up and evaluate the results. Processes focus on an organization"s activities. Wrong people, place, time, product, and etc Inertia (aka how long it takes gm to move vs. google)
