Chapter 1: Managing and the Managers JobWhat is an organization?A group of people working together in a structured and coordinated fashion to achieve the same goal.Organizational Resources: TABLE 1.1 FOR EXAMPLEPhysical ResourcesFinancial Resources – capital investments to support operationsInformation Resources – Usable dateHuman Resources – Managerial Talent and LaborWhat is Management?Set of activities – such as, planning, decision making, organizing, leading, and controlling.LOOK @ FIGURE 1.1 IN TEXTManagement is directed at an organizations resources – Human, Financial, Physical, and Information.The basic purpose of management:Efficiently – using resources wisely and in a cost effective way.Effectively – making the right decisions and successfully implementing them.What is a Manager?Someone whose primary responsibility is to carry out the management process.Plans and Makes Decisions.The Managers Job – Plan, Organize, and Control.Figure 1.2 in TEXT.Management 309: 9.2.141st Lecture Chapter 1: Managing and the Managers Job -What is an organization?oA group of people working together in a structured and coordinated fashion to achieve the same goal.-Organizational Resources: TABLE 1.1 FOR EXAMPLEoPhysical ResourcesoFinancial Resources – capital investments to support operationsoInformation Resources – Usable dateoHuman Resources – Managerial Talent and Labor-What is Management?oSet of activities – such as, planning, decision making, organizing, leading, and controlling.LOOK @ FIGURE 1.1 IN TEXToManagement is directed at an organizations resources – Human, Financial, Physical, and Information.-The basic purpose of management:oEfficiently – using resources wisely and in a cost effective way.oEffectively – making the right decisions and successfully implementing them. -What is a Manager?oSomeone whose primary responsibility is to carry out the management process.Plans and Makes Decisions.oThe Managers Job – Plan, Organize, and Control.Figure 1.2 in
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