SOCSCI 2EN3 Chapter Notes - Chapter 9: Job Security, Canada Pension Plan, Job Performance
1 Nov 2016
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New venture team, small firm management and managing hr. Employer-employee is good strong feelings for personal loyalty to employer. 3 critical areas of knowledge and skill : knowledge of operations and technologies, skill in marketing and ability to sell, understanding of entrepreneurial finance. E. g. lawyer, accountant and board of directors. Leading the external team: (cid:498)management team(cid:499) = managers and other key persons who give a company its general direction. 9-3 distinctive features of small firm management (cid:498)professional manager(cid:499) = manager who uses systematic analytical methods of management. Adds measure of professional management without sacrificing the entrepreneurial spirit and basic values of successful start. 9-4 the nature of managerial work (cid:498)management functions(cid:499) = activities of planning, leading, organizing, and controlling. Kinds of plans: (cid:498)long-range(cid:499) or (cid:498)strategic plan(cid:499) = basic path to the future; provides (cid:498)short-range plans(cid:499) = action plans for 1 year or less; (cid:494)budget(cid:495) foundation for more specific plans.
