ADMS 1010- Final Exam Guide - Comprehensive Notes for the exam ( 51 pages long!)

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Organizations have a lot in common some of these include: Organizations are social entities - they are made up of people, and they involve human interaction. Organizations are created to achieve goals (whether profit or non-profit); they are goal- directed. Organizations interact with the environment - they receive stuff from the environment (cid:894)la(cid:271)o(cid:396), (cid:396)esou(cid:396)(cid:272)es (cid:895) f(cid:396)o(cid:373) the e(cid:374)(cid:448)i(cid:396)o(cid:374)(cid:373)e(cid:374)t a(cid:374)d t(cid:396)a(cid:374)sfo(cid:396)(cid:373) the(cid:373) i(cid:374)to a(cid:272)tual goods/se(cid:396)(cid:448)i(cid:272)es. Organizations relation to and interaction with its environment. Organizations used to be viewed as closed systems. This way the business focuses on the internal aspect of the organization. General environment (forces that shape the specific environment) Management is the process of administrating and coordinating resources effectively and efficiently in an effort to achieve organizations goals. Is a planned network or pattern of relationships that exist among individuals in various roles or positions. Involves issues in division of work, formal hierarchy, organization and coordination of work activity.

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