ADM 1300 Chapter Notes - Chapter 1: Cost Leadership, Symposium On Principles Of Distributed Computing, High High

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: All

Document Summary

Managing the business enterprise: idea of the management process, management is the process of planning, organizing, leading and controlling an enterprise"s financial, Physical, human and information resources to achieve the organization"s goals of supplying various. Products and services: management efficiency means achieving the greatest level of output with a given amount of input (doing things right), management effectiveness means achieving the organizational goals that have been set (doing the right things); The functions that are necessary in the management process: all managers plan, organize, direct and control day-to-day operations, podc are interrelated; Planing: is the process of determining the firm"s goal and developing a strategy for achieving them. : managers identify whether a gap exists between the company"s desire and actual position. : managers develope plans to achieve the desire goal. _plan = how these goals are to be achieved. Therefore, the plans that have been decides upon are.