RSM100Y1 Study Guide - Final Guide: Goal Setting, Chief Operating Officer, Swot Analysis
Document Summary
The process of planning, organizing, leading and controlling an enterprise"s financial, physical, human and information resources to achieve the organization"s goals of supplying various products and services. Efficiency: achieving the greatest level of output with a given amount of input. Effectiveness: achieving the organizational goals that have been set: planning. The process of determining the firm"s goals and developing a strategy for achieving them. Step 1 goals are established for the organization. Step 2 identify whether a gap exists between the company"s desire and actual position. Step 3 develop plans to achieve desired goal. It"s a market where people can buy shares in various answers to important questions that need to be answered. Short range plans regarding implementing specific aspects of the company"s strategic plans. Mobilizing the resources that are required to complete a particular task: leading. Involves the interactions between managers and their subordinates as they both work to meet the firm"s objectives.
