MGTA01H3 Chapter : MGTA03 Ch 7
noahrosa0429 and 39878 others unlocked
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Management, 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. Planning, the portion of a manager s job concerned w/ determining what the business needs to do and the best way to achieve it. Organizing, that portion of the manager s job concerned w/ mobilizing the necessary resources to complete a particular task. Leading, that portion of a manager s job concerned w/ guiding and motivating employees to meet the firm s objectives (+ give orders, demanding results) Controlling, that portion of a manager s concerned w/ monitoring the firm s performance + if necessary, acting to bring it in line w/ the firm s goals. Middle managers, responsible for implementing the decisions made by top managers. First line managers, responsible for working w/ and supervising the work of employees who report to them.