Chapter 7

Chapter 7 - Chapter 7 The Nature of Management Objectives...

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Chapter 7 The Nature of Management Objectives o Define management and explain its role in the achievement of organizational objectives. o Describe the major functions of management. o Distinguish among three levels of management and the concerns of managers at each level. o Specify the skills managers need in order to be successful. o Summarize the systematic approach to decision making used by many business managers. o Recommend a new strategy to revive a struggling business. Management o A process designed to achieve an organization’s objectives by using its resources effectively and efficiently in a changing environment Managers o Managers make decisions about the use of resources and are concerned with 0. Planning 1. Organizing 2. Leading 3. 3. Controlling the organization’s activities The Functions of Management Where Planning Starts o Objectives 4. 4. The ends or results desired by the organization and are derived from the organization’s mission o Mission 5. 5.
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Chapter 7 - Chapter 7 The Nature of Management Objectives...

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