MGTA01H3 Chapter Notes - Chapter 1: Resource Management
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
Chapter 1 managing and managers: woking to accomplish a. Mission the reaso(cid:374) wh(cid:455) a (cid:271)usi(cid:374)ess e(cid:454)ists, a(cid:374)d the goals it"s tr(cid:455)i(cid:374)g to a(cid:272)(cid:272)o(cid:373)plish. The process of planning, organizing, leading, and controlling resources in order to accomplish a task. Managers individuals responsible for planning, organising, leading, and controlling resources to accomplish a task. Planning determining what needs to be done to accomplish a task, and the best way to accomplish it. Organising assembling and preparing the resources necessary to complete a task. Leading the art of guiding or inspiring others to follow: do not just direct, but lead by example. Controlling setting standards, measuring performance, taking corrective action, and rewarding actions to bring performance upto standard. Step 1: standard the goal for the performance of an activity: e. g. sell 20,000 boxes each month. Step 2: measuring actual performance, compare to standard: we sold 12,000 boxes compared to our 20,000 target.
