ADM 1300 Lecture Notes - Lecture 11: Emerging Markets, Goal Setting, Decision-Making

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

Document Summary

Planning involves defining goals, establishing strategy to achieve goals, and develop plans to coordinate activities. Goal setting as part of the plan. Bank of canada raised interest rate last week, went up 1. 75%, suggests economy is doing well. Government has also introduced ways they"re suggesting they"re going to help provinces regarding the carbon tax. Decision making process that focuses on the future of the organization and how to achieve goals. Identifying the objectives otbeattained and the ways to realize them, results in company strategy (or the steps you"ll take to be successful) Important because allows organization to grow, stay on target (focus attention), because many people in organization helps them to maintain focus (measure of control), maintains timeliness, allows to measure success, Focuses attention and energies on objectives and goals (avoid complacency trap) Offsets (to a degree) uncertainty and change that could occur because of internal and external environments. End goal here are the steps i"m going to take.