ADM 1300 Lecture Notes - Sole Proprietorship, Henri Fayol

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: Matthew Archibald

Document Summary

The process of using resources to achieve goals effectively & efficiently. It is a process has a start and a finish, defined duration of time. Action items that have to take during that process. Ideally, you want to achieve that result effectively and efficiently. Efficiency - the amount of resources incurred to produce goods & services (doing things right) - use the least amount of resources to have the outcome you want. 2007 blackberry had a solid business model, they were the business phone. They said nobody was going to use apps or a touch screen. They were no doubt efficient with their operations, but they were not very effective because they lost sight of what was going on in the industry long term. Manager the person responsible for supervising resources to achieve goals. Depending on what level of manager you are, there will be certain skills that you draw.