MGMT 1000 Midterm: Term Test 1 - Fall 2017
28 Feb 2018
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Document Summary
Leadership motivation: helps run organization, someone who can implement change, controls allocated definition, has vision to achieve goals, uses resources, running the company on the owner"s behalf, entrepreneurial skills, maintaining systems. Managers are responsible for making decisions about the allocation of scarce resources through strategic objectives (swanston, 2016) Managers" roles are evolving new approaches: why: global competition, business may be done somewhere else, places new demands on management. Leading and developing: gathering your group of workers and directing them to achieve organization goal, involves developing skills they already have further, controlling, motivating employees through initiatives and getting the task done. The 4 r"s of evaluating information for management decision making. Who is responsible for the information? (will your audience trust their authority on the topic?) How old is the fact? (is it recent enough for the decision. If we have a great idea nobody wants, nobody will invest in the business/model.
