COMMERCE 1E03 Chapter Notes - Chapter 8: Brainstorming, Decision-Making, Middle Management
23 Feb 2015
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Document Summary
Management- process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources. Planning- includes anticipating trends and determining the beset strategies and tactics to achieve organizational goals and objectives. Organizing includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization"s goals and objectives. Leading means creating a vision for the organization and communicating, guiding, training, coaching and motivating others to work effectively to achieve the organization"s goals and objectives. Controlling involves establishing clear standards to determine whether an organization is progressing toward its goals and objectives. Vision is more than a goal; it is an encompassing explanation of why the organization exists and where it is trying to head. Values- are a set of fundamental beliefs that guide a business in the decisions they make. Mission statement is an outline of the organization"s fundamental purposes.
