Mgt 300 Exam 1 Study Guide Essay
Managers and resource allocation decisions – Effective managers are those who choose the right organizational goals to pursue and have the skills to utilize resources efficiently.
Organization's strategy – cluster of decisions concerning what organizational goals to pursue, what actions to take, and how to use resources to achieve these goals
Levels of management (e.g., top, middle, first-line) and management functions -
First-line manager – often called supervisors; responsible for daily supervision of the non-managerial employees who perform many of the specific activities necessary to produce goods and services; these managers work in all departments or functions of an organization; …show more content…
Leading – articulating a clear organizational vision for the organization’s members to accomplish, and energizing and enabling employees so that everyone understands the part her or she plays in achieving organizational goals. Leadership involves managers using their power, personality, influence, persuasion, and communication skills to coordinate people and groups so that their activities and efforts are in harmony. Managers have employees and leaders have followers. Followers often go above and beyond their individual requirements.
Controlling – the task of managers evaluating how well an organization has achieved its goals and to take any corrective actions needed to maintain or improve performance. The outcome of