BusMgmt_Ch1-5_notes - Florida Institute of Technology...

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Florida Institute of Technology - College of Business Management Principles, BUS 3501-01 Spring 2010 Instructor: Ravi K. Sundararaman Chapter Notes – Chapters 1-5 1. What is Management? a. Management is the process of getting things done, effectively and efficiently. b. Importance of, and differences between Efficiency and Effectiveness 2. What is an organization? a. A systematic arrangement of people assembled to attain a common goal. b. Consists of i) Goals and objectives ii) Organization structure iii) People 3. Who are the key players in an organization? a. Managers – top managers, middle managers, supervisors b. Operators/employees (can include part time and contractors as well) 4. What are the management processes? a. Planning i. Goal setting ii. Setting strategies iii. Setting tactical plans b. Organizing i. What is to be done? ii. When is it going to be done? iii. How is it going to be done? iv.
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This note was uploaded on 03/30/2010 for the course PSYCHOLOGY psy1000 taught by Professor Cico during the Fall '09 term at Brevard Community College.

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BusMgmt_Ch1-5_notes - Florida Institute of Technology...

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