MATH 1P98 Lecture Notes - Lecture 9: Pest Analysis, Stretch Factor, Swot Analysis

• School: Brock University
• Department: Mathematics and Statistics
• Course: MATH 1P98
• Professor: Chantal Buteau

Document Summary

Management skills and tasks have one purpose; that is getting things done through others. The main skills and tasks of management entail planning, organizing, leading, directing, coordinating. Management begin with the famous ve p rule proper planning prevents poor performance. In the life of an organization planning is a critical importance to success. Planning serves as the primary management function. Planning set the stage and provides foundation for the managers efforts to organize, lead and control. A plan must be in writing if not its just an idea in a persons head. Through planning, managers attempt to look in the future and made decisions that will facilitate goal accomplishment. In business that goal is maximization of pro t. Because of the future nature of planning there will not b complete information. All plans include some element of uncertainty and risk proper planning prevents poor performance. Planning entail setting objectives and determine how to bestt accomplish them.