Understanding Business Chapter 7

Understanding Business Chapter 7 - Understanding Business...

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Unformatted text preview: Understanding Business Chapter 7 (Management, Leadership, Employee Empowerment) Management process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources Carrying out of the leaderships vision Today managers are educated to guide, train, support, motivate, and coach employees rather than tell them what to do Functions of management: 1. Planning anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives 2. Organizing designing the structure of the organization and creating conditions and systems in which everyone and everything work together to achieve the organizations goals and objectives 3. Leading creating a vision for the organization and communicating, guiding, training, coaching, and motivating others to work effectively to achieve the organizations goals and objectives 4. Controlling establishing clear standards to determine whether an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective action if they are notare we meeting our goals Vision encompassing explanation of why the organization exists and where its t rying to head M ission statement...
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Understanding Business Chapter 7 - Understanding Business...

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