MGMT 2130 Chapter Notes - Chapter 1: Social Economy, Strictly Commercial, Onboarding

• School: Mount Royal University
• Department: Management
• Course: MGMT 2130
• Professor: Gallagher

Document Summary

It is a collection of people who work together and coordinate their actions to achieve a variety of goals and outcomes. Organizations range from having a strictly social based mission, such as non-profit organizations, which are funded by grants and donations, to a strictly commercial for profit mission, with little regard for achieving socially useful outcomes. The diverse organizations in the social economy create the infrastructure that helps. Canadian communities grow and prosper: these organizations welcome newcomers, coach kids sports, deliver meals on wheels, run food banks, daycares and crisis hotlines (they provide countless public benefit services) At times public, private and non for profit work together to solve social problems: crisis. Organizational performance: a measure of how efficiently and effectively managers use resources to satisfy customers and achieve organizational goals. Four tasks of management: planning, organizing, controlling, leading. Planning: planning is a process used to identify and select appropriate goals and course of action.