MAN 3025 Study Guide - Midterm Guide: Corporate Social Responsibility, Triple Bottom Line, Performance Audit
Document Summary
Chapter 1: management- the art of getting things done through the efforts of other people. The concepts managers use in an effort to accomplish management goals: principles of management are discussed using the p-o-l-c framework: Controlling: planning- involves setting objectives and determining a course of action for achieving those objectives. Environmental scanning: planners must be aware of the critical contingencies and trends facing their organizations in terms of economic conditions, their competitors, and their customers. Establish objectives: statements of tangible actions that need to be achieved, and a timeline for their completion. Strategic planning: analyzing competitive opportunities and threats, as well as strengths and weaknesses of the organization, and then determining how to position the organization to compete effectively in their environment (three + years) Tactical planning: intermediate-range planning that is designed to develop relatively concrete and specific means to implement the strategic plan (one to three years)
