Chapter 7 - Chapter7 19:46

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Chapter 7 19:46 Management : The process used to accomplish organizational goals through  planning, organizing, leading and controlling people and other organizational  resources Planning : A management function that includes anticipating trends and  determining the best strategies and tactics to achieve organizational goals and  objectives. Organizing : A management function that includes designing the structure of the  organization and creating conditions and systems in which everyone and  everything works together to achieve the organization’s goals and objectives Leading : Creating a vision for the organization and guiding, training, coaching,  and motivating others to work effectively to achieve the organizations goals and  objectives Controlling : A management function that involves establishing clear standards  to determine whether or not an organization is progressing toward its goals and  objectives, rewarding people for doing a good job, and taking corrective action if  they’re not Vision : An encompassing explanation of why the organization exists and where  it’s trying to head Mission Statement : An outline of the fundamental purposes of an organization Goals : The broad, long-term accomplishments an organization wishes to attain
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This note was uploaded on 02/01/2011 for the course BMGT 110 taught by Professor Nelson during the Spring '08 term at Maryland.

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Chapter 7 - Chapter7 19:46

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