MGTA01H3 Chapter 7: chapter 7 notes
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
Chapter 7 managers and managing management: the process of planning, organizing, leading and controlling a business" financial, physical, human, and information resources in order to achieve goals. Organiz ing organizing: the portion of a manager"s job concerned with mobilizing the necessary resources to complete a particular task. Lead i ng leading: portion of a manager"s job concerned with guiding and motivating employees to meet firm"s objectives. Controll ing controlling: the portion of a manager"s job concerned with monitoring the firm"s performance and, if necessary, acting to bring it in line with the firm"s goals. Development, pricing, promotion, and distribution of a product/service. Assist other managers when they hire employees, train them, evaluate their performance, determine their compensation level. Design and implement various systems to gather, process, and disseminate information. Skills associated with performing specialized tasks within the firm. Skills in understanding and getting along with people.
