MGMT 100 Final: Final Exam Guide
7 Dec 2017
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Document Summary
Chapter 9: adapting organizations to today"s market. Chapter 10: producing world class goods and services. Chapter 16: understanding accounting and financial information. Managers" roles are evolving new approaches: why: global competition, business scandals, constant change, better educated workers, downsizing/rightsizing. Managers must practice the art of getting things done through organizational resources. Resources is a general term that incorporates: human resources (e. g. employees, natural resources (e. g. raw materials, financial resources (e. g. money) Management: the process used to accomplish organizational goals through: planning, leading, organizing, controlling people and other organizational resources. Planning: a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational gopst: goals, objectives, plans, strategies, and tactics. Organizing: a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything works together to achieve the organization"s goals and objectives.
