SGMA 217 Chapter Notes - Chapter 1: Firstline, Canada Social Transfer, Canada Health Transfer

• School: University of Calgary
• Department: Strategy and Global Management
• Course: SGMA 217
• Professor: Norman Althouse

Document Summary

Standard of living- a country"s output of goods and services that people can buy with the mone. Achieving financial performance meeting and exceeding customer needs. Providing value- quality products at a reasonable price. Constantly trying to improve and keep things at a reasonable price. Helps drive and motivate people, in the end helping the company. Measured by either its stock price multiplied by the number of shares outstanding or in t to liabilities. Owners of the business (or shareholders) oney they have r in terms of its assets relative. Look outward and chart a course for the company. Vision for a company is refined into a vision statement. Refine this vision statement into a mission statement. Next they determine the strategy the company will pursue to achieve this mission middle managers. Determine and plan out what each area needs to do to help achieve the overall corporate stra first-line managers. Manage the workers who do the actual work.