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Principles of Management-Exam / 100% Verified Answers

Management changes with: Employees, technology, etc Management Key Concepts: Organization People working together and coordinating their actions to achieve specific goals. Goal A desired future ... condition that the organization seeks to achieve. Management The process of using organizational resources to achieve the organizations goals. These goals are met by what (5) things? 1. Planning 2. Organizing 3. Controlling 4. Decision Making 5. Leading Who founded these functions? Henry Fayol Resources are organizational assets and include: -people -machinery -raw materials -information, skills -financial capital Managers are the people responsible for supervising the use of an organization's resources to ________? Meet it's goals Organizations must provide a ____ or ____ desired by it's customer. good or service Example: Managers of Campbell's soup manage the firm to provide quality soup products. Achieving High Performance [Show More]

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