MGTA01H3 Chapter 7: Chapter 7.doc
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
O goals are established: managers see if gap exists between goal and actual position, managers set steps in order to achieve goals, plans that are decided upon are implemented, effectiveness of plan is assessed. Controlling: organizing: mobilizing the necessary resources to complete a particular task. Leading: guiding and motivation employees to meet the firms objectives. Planning: management: process of planning, organizing, leading, and controlling business"s financial, physical, human and information resources in order to achieve its goals. Three main components: managers determine firms goal, develop and strategy for achieving this goal, design tactical and operational plans for implementing strategy. Types of managers divide managers by their level of responsibility: senior mangers: responsible for firms overall performance and effectiveness and for developing long range plans for the company. Information managers: managers are responsible for designing and implementing various systems to gather, process and disseminate info.
