Chapter 1 mngt 215.docx - Chapter 1 Introduction to...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 1: Introduction to Management and Organizations LO. 1: The way a company manages its people can significantly affect its financial performance Important skills a manager should have: multitasking and cross-training Manager: Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished. A manager’s job is not about personal achievement- it is about helping others do their work. First-line managers: Manage the work of nonmanagerial employees, who typically are involved with producing the organization’s products or servicing the customers. Middle managers: Those found between the lowest and top levels of the organization (regional manager, project leader, store manager… ) Top managers: Responsible for making organization-wide decisions and establishing the plans and goals that affect the entire organization. (Vice president, president, managing director, chief executive officer, chief operating officer…) LO. 2: Management: Involves coordinating and overseeing the work activities of others so that their activities are completed effectively and efficiently by the people responsible of doing them (managers do not just go and do whatever they want) E fficiency: Getting the most output from the least amount of inputs. (due to scarcity
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern