Day 5 - Management Functions

Day 5 - Management Functions - Management Day 5 The process...

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Unformatted text preview: Management Day 5 The process of guiding the development, maintenance, and allocation of resources to attain organizational goals. Management What Managers Do and Why Planning Organizing Leading Controlling Organizational efficiency and effectiveness Organizational mission and objectives Goal Attainment Resource Utilization EFFICIENCY E F F E C T I V E N E S S Effective but not efficient Goals achieved Resources wasted Neither effective nor efficient Goals not achieved Resources wasted Effective and efficient Goals achieved Resources well utilized High productivity Efficient but not effective Goals not achieved No wasted resources High Low Poor Good MikesBikes Organizational Goals: Efficiency and Effectiveness Planning - The Key Management Function Process of deciding what needs to be done to achieve organizational objectives; identifying when and how it will be done; and determining by whom it should be done. Four types of planning: Operational Operational Strategic Strategic Tactical Tactical Contingency Contingency In the Year Ahead Screens, you are generally getting information on the planning function...
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This note was uploaded on 02/06/2012 for the course ECON 111 taught by Professor Risnit during the Spring '11 term at SUNY Suffolk.

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Day 5 - Management Functions - Management Day 5 The process...

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