MGTA02H3 Chapter Notes - Chapter 1: Value Chain
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MGTA02H3 Full Course Notes
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The process of management: managing: the process of planning, organizing, leading, and controlling resources in order to accomplish a task, managers are responsible for this process. Planning: planning: determining what needs to be done to accomplish a task, and the best way to accomplish it, run through a list of logical steps towards your goal, ex. Getting ready for school in the morning: brush your teeth, change your clothes, pack school supplies, eat breakfast. Organizing: organizing: assembling and preparing the resources necessary to complete a task, ex. Going to an interview: preparing the appropriate clothes to wear, planning the route to travel to the location, organizing the necessary documents (resume, cover letter, etc. ) Leading: the art of guiding or inspiring others to follow: ex. (cid:862)the (cid:271)est (cid:449)a(cid:455) to do _____ is to _____. (cid:863) If necessary, managers can help improve or correct performance to match it with the standard. If meeting the standard, rewards can be given.
