Property of Kendall Hunt Publishing
Ch. 1 from Kros' Spreadsheet Modeling for Business Decisions
ISBN: 978-0-7575-8924-9 | 2011
The Art and Science of
Becoming a More
Chapter 3: Probability and Statistics from Spreadsheet Modeling for Business Decisions
by John Kros | 978-1-4652-4111-5 | 4th Edition | Property of Kendall Hunt Publishing
c h a p t e r
StatisticsA Foundation for
Becoming a More Effectiv
Management Study Guide
4 Functions of Management- (Management process) Planning, Organizing, Controlling and Leading.
1. Planning : setting goals and deciding how to achieve them.
2. Organizing : arranging task, people and other resources to accom
1.1 What are the rewards of being an
Rewards of studying management.
You will understand how to deal with organizations from the outside.
You understand how to relate to your supervisor
You will understand how to interact
Efficiency (the means): efficiency is the means of attaining the organizations goals. To be
efficient means to use resources such as people, money, raw materials and the like wisely and
*Dynamics of Strategic Planning*
Business plan: a document that outlines proposed firms goals, the strategy for
achieving them, and the standards for measuring success. Business plans embody a
Strategy: large scaled action plan t
1. Google, SAS (Statistical analysis system), The Boston Consulting Group, Edward Jones,
2. Boston Consulting group currently ranks 2 nd on top 2014 companies to work for.
a. BCG Background
The Boston Consulting Group is a global management