BUS 202 Chapter Notes - Chapter 6: Rein, Brainstorming, Southwest Airlines

• School: Elon University
• Department: Business Administration
• Course: BUS 202
• Professor: Hayward

Document Summary

Management is a process designed to achieve an organizations objectives by using its resources e ciently and e ectively in a changing environment. E ciently means accomplishing the objectives with a minimum of resources. Managers make decisions about the use of the organizations resources. Managers are concerned with planning, organizing, directing, and controlling activities in order to reach the company"s objectives. Employees are one of the most important resources in helping a business attain its objectives. Acquiring suppliers is an important part of managing resources and ensuring products are available to customers. Primary funding comes from owners and shareholders (and banks and other nancial institutions) The process of determining the organization"s objectives and deciding how to accomplish them. Involved forecasting events and determining the best course of action. Data gathering is a main phase of the planning process to determine what facilities need and which automation can maximize order e ciency.