MGTA01H3 Chapter 6: chapter 6, detailed notes

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19 Jan 2012

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Document Summary

Management: the process of planning, organizing, leading and controlling a business s 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 day. Planning: determining needs and how to do them. => planning: has 3 main components: determine goals, make strategy to achieve goals, design tactical/operation plans to implement them. Organizing: the portion of a manager s job concerned with mobilizing the necessary resources to complete particular task. -get resources and make structure. Leading: interactions with managers and subordinates to meet objectives by guiding and motivating also referred to as directing. Managers can give orders and leaders attempt to guide and motivate employees to work in best interest of organization. Controlling: the portion of a manager s job concerned with monitoring the firm s performance to make sure the firm is meeting goals.

Related Questions

15. What do we call the responsibility of identifying the numbers and types of employees the organization will require to meet its objectives? a) Human capital allocation b) Workforce planning c) High-performance planning d) Performance management e) None of the above

A central characteristic of "management by objectives" is that:

A goals are set by top management and followed without question by others within the organization.

B. employees are given complete freedom to set their own goals as long as they are consistent with broad guidelines established by top management.

C. goals are set through a process involving all members of the organization.

D. it assumes that management must motivate employees since employees are incapable of motivating themselves.