Textbook Notes (368,329)
Canada (161,823)
MGTA01H3 (583)
Chapter 6

chapter 6, detailed notes

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Management (MGT)
Murphy Lawrence

CHAPTER 7 MANAGEMENT the process of planning organizing leading and controlling a businesss financial physical human and information resources in order to achieve its goals The business accountability box explains dynamic nature of managerial jobs The POLC can be simultaneous or in different order and manager may do all in 1 dayPlanning determining needs and how to do themplanning has 3 main components determine goals make strategy to achieve goals design tacticaloperation plans to implement themThere are five steps in the planning process o step 1 goals are established for the organization o step 2 managers identify whether a gap exists between the companys desire and actual position o step 3 managers develop plans to achieve the desired objectives objective indicate what results they want and plans how to achieve them o step 4 the plans that have been decided on are implementedthinking converted into actiono step 5 the effectiveness of the plan is assessedcompare actual results to planned performanceOrganizing the portion of a managers job concerned with mobilizing the necessary resources to complete particular taskget resources and make structureLeadinginteractions with managers and subordinates to meet objectives by guiding and motivating a
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