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Unformatted text preview: Formulate strategy (Plan) Make plans (Plan) Organize resources (Direct) Direct personnel (Direct) Control operations (Control) Do job within scope of 3 activities:-Planning-Motivating/directing-Controlling 1. Planning Formulate strategy (goal) ID alternatives and select the best one o Part of evaluation: impact revenues/expenses o Budgets: plans in quantitative form prepared annually 2. Directing Motivating Oversee day-to-day activities Encourage personnel Performance evaluation data 3. Controlling Is the plan being followed? Was it successful? Feedback compare actual cost w/ budgeted cost Use performance report points out weak points in operations or implementing the plan Decision Model: Plan Direct/Motivate Control Make Changes...
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- Spring '08