BUSINESS 102 Study Guide - Final Guide: Swot Analysis, Human Resource Management, Organizational Culture
Document Summary
Management is the interrelated tasks/ processes of planning, organizing, leading and controlling in pursuit of organizational goals. The roles of management(behavioural patterns and activities involved in carrying out the functions of management) Managers must play a number of roles, including providing leadership to employees, building relationships, and acting as a liaison between groups and individuals both inside and outside the company. Managers up and down the organizational ladder face an endless stream of decisions. Many of these decisions are fairly routine, such as choosing which of several job candidates to hire or setting the prices of new products. Summary: although managers usually don"t do the hands-on work in an organization, they create the environment and provide the resources that give employees the opportunities to excel in their work. Managerial responsibilities include creating the organizational framework, fostering a positive culture, setting expectations, and providing resources.