RSM100Y1 Chapter Notes - Chapter 6: Takeover, Decision-Making, Starbucks

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30 Oct 2012
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Regardless of the type of business, managers are responsible for many of the same tasks, and have many of the same responsibilities. Analyze their competitive environments and plan, organize, direct, and control day-to-day operations. Principles of management apply to all kinds of organizations. Work in charities, churches, social organizations, educational institutions, and government agencies. Prime minister of canada, president of university of toronto, the dean = managers. Regardless of the nature and size of an organization, managers are among its most important resources. Management: the process of planning, organizing, leading, and controlling a business"s financial, physical, human, and information resources in order to achieve its goals. Planning, organizing, leading, and controlling aspects of a manager"s job are interrelated. Determining what the organization needs to do and how best to get it done requires planning. Planning: manager"s job concerned with determining what the business needs to do and the best way to achieve it.

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