BMGT 110 Chapter Notes -Swot Analysis, Problem Solving, Middle Management

• School: University of Maryland
• Department: Business and Management
• Course: BMGT 110
• Professor: Howard Frank

Document Summary

Management: the process used to accomplish organizational goals through planning, organizing, leading and controlling people and other organizational resources. Planning: a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives. Organizing: a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organizations goals and objectives. Leading: creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organizations goals and objectives. Controlling: a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals, and objectives, rewarding people for doing a good job, and taking corrective action if they are not. Vision: an encompassing explanation of why the organization exists and where it"s trying to head. Mission statement: an outline of the fundamental purposes of an organization.