GEB 1101 Lecture Notes - Lecture 1: Job Performance, Abraham Maslow, Outsourcing
Document Summary
Management process of achieving organizational objectives through people and other resources. Leadership ability to direct or inspire people to attain certain goals. Empowerment in an organization, employees" shared authority, responsibility, and decision making with their managers. Perception of marketplace needs and the ways a firm can satisfy them. Corporate culture an organization"s system of principles, beliefs and values. Decision making process of recognizing a problem or opportunity, evaluating alternative solutions, selecting and implementing an alternative, and assessing the results. Delegation managerial process of assigning work to employees. Process of anticipating future events and conditions and determining courses of action for achieving organizational objectives. Written explanation of an organization"s business intentions and aims. Swot analysis an acronym for strengths, weaknesses, opportunities, and threats; the systematic evaluation of these factors enables a firm to develop the best strategies for gaining a competitive advantage.
