COMMERCE 1E03 Chapter Notes - Chapter 8: Swot Analysis, Problem Solving
11 Sep 2018
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Document Summary
Resources: a general term that incorporates human resources, natural resources, and financial resources. Management: the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources. Planning: a management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives. Organizing: a management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organization"s goals and objectives. Leading: creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization"s goals and objectives. Controlling: a management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are not.
