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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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This note was uploaded on 08/25/2010 for the course ACCT 208 taught by Professor Kingery during the Spring '08 term at University of Delaware.
- Spring '08