ADM 1301 Lecture Notes - Lecture 6: Business Ethics, North American Free Trade Agreement, Double Taxation

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Managers choose wrong goals to pursue and make poor use of resources (crappy product that no one wants) Managers choose the right goals to pursue but does a poor job of using resources to achieve these goals (awesome product that no one can afford) Manager chooses inappropriate goals but makes good use of resources to pursue these goals (high quality product that no one wants) Manager chooses the right goals to pursue and makes good use of resources to achieve these goals (awesome product at awesome price) Choose appropriate goals and best course of action. Establish task and authority relationships so that people work well together. Motivate, coordinate and energize individuals and groups to work together. Establish measuring and monitoring systems to evaluate the organization"s work. Communication and delegation get information out to everyone. Cases + how to make rational and logical decisions. Includes: entrepreneur, disturbance handler, resource allocator, and negotiator. 3 ways to measure managerial peformance by drucker.

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