MGT 3200 Chapter : Mgmt CH 1
Document Summary
Management ch. 1: management is getting work done through others, management is the process of deciding the best way to use an organization"s resources to produce goods or services, and mobilizing those resources to accomplish organizational goals. Organizational resources include: employees, equipment, financial capital, goodwill, and lots more. Intellectual capital: managers give organizations a sense of purpose and direction, managers create new ways of producing and distributing goods and services, mangers change how the world works through actions. Manager- someone who coordinates and oversees the work of tother people so that organizational goals can be accomplished. Where do managers work: do not have a deliberate structure, examples of organizations: corporations, small business, fraternity, etc. Efficiency getting work done with a minimum of effort, waste, or expense. Effectiveness accomplishing tasks that help fulfill organizational objectives. Management functions: planning: planning and strategizing: determining organizational goals and a means for achieving them.
