MGMT 1000 Chapter Notes - Chapter 8: Market Environment, 1Time Airline, Hierarchical Organization
10 Dec 2017
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Document Summary
A management function that involves defining goals, establishing a strategy for achieving those goals and developing plans to integrate and coordinate activities. Concerned with both the ends (what is to be done) and the means (how it"s to be done) Establishes the goals or standards used in controlling. Plans: documents that outline how goals will be met. Official statements of what an organization says, and what it wants its various stakeholders to believe its goals are. Goals that an organization actually pursues, as defined by the. Goals that an organization actually pursues, as defined by the actions of its members. Plans that apply to the entire organization & establish their overall goals. Plans that encompass a particular operational area of the organization. Plan with a frame time beyond 3 years. 1-time plan specifically designed to meet the needs of a unique situation.
