MGTA01H3 Lecture Notes - Brookfield Asset Management, Takeover, Eastern Canada
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
Regardless of the type of business they work in, managers perform many of the same functions, are responsible for many of the same tasks, and have many of the same responsibilities. Work involves developing strategic and tactical plans. They must analyze their competitive environments and plan, organize, direct and control day to day operations. Managers work in; charities, churches, social organizations, educational institutions, and government agencies. Managers bring to small organizations many of the same kinds of skills the ability to make decisions and respond to a variety of challenges- that they bring to large ones. The result is a competitive, often stressful, environment and a culture that rewards success and has little tolerance for failure: goal setting helps managers assess performance: if a company sets a goal to increase sales by. 10% in a given year, managers in units who attain or exceed the goal can be rewarded. Units failing to reach the goal will also be compensated accordingly.
