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MGTA01H3 (583)

MGTA03 Ch 7

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Management (MGT)
Chris Bovaird

MGTA03 Ch 7 Managers and ManagingManagement the process of planning organizing leading and controlling an enterprises financial physical human and information resources to achieve the organizations goals of supplying various products and services Planning the portion of a managers job concerned w determining what the business needs to do and the best way to achieve itIts components are to determine the firms goals dvlp a comprehensive strategy for achieving the goals and designing a tactical and operational plan for implementing the strategy1 Goals are established for the organization 2 managers identify whether a gap exists btwn the companys desire and actual position 3 managers dvlp plans to achieve the desired objectives 4 implement the plan 5 the effectiveness of the plan is assessed Organizing that portion of the managers job concerned w mobilizing the necessary resources to complete a particular task Leading that portion of a managers job concerned w guiding and motivating employees to meet the firms objectivesgive orders demanding resultsControlling that portion of a managers concerned w monitoring the firms performanceif necessary acting to bring it in line w the firms goalsSenior managers managers responsible for a firms overall performance and effectiveness and for dvlping long range plans for the company responsible to the board of directors and shareholders of t
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