Management 309 9 2 14 1st Lecture Chapter 1 Managing and the Managers Job What is an organization o A group of people working together in a structured and coordinated fashion to achieve the same goal Organizational Resources TABLE 1 1 FOR EXAMPLE o Physical Resources o Financial Resources capital investments to support operations o Information Resources Usable date o Human Resources Managerial Talent and Labor What is Management o Set of activities such as planning decision making organizing leading and controlling LOOK FIGURE 1 1 IN TEXT o Management is directed at an organizations resources Human Financial Physical and Information The basic purpose of management o Efficiently using resources wisely and in a cost effective way o Effectively making the right decisions and successfully implementing them What is a Manager o Someone whose primary responsibility is to carry out the management process Plans and Makes Decisions o The Managers Job Plan Organize and Control Figure 1 2 in TEXT 09 02 2014 09 02 2014
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