Ch.1 Management

collective brainpower of a workforce that can be used to create value

costs that need to be managed carefully

excellence of product

planning, organizing, leading and controlling

specifying goals to be achieved and deciding in advance the appropriate actions taken to achieve those goals

grouping jobs into work units, allocating resources and creating conditions so that people and things work together to achieve maximum success

mobilizing people, stimulating people to be high performers

learning and changing, monitors progress and implements necessary changes

senior executives of an organization and are responsible for its overall management

bridges the gap between higher and lower levels

supervise the operations of the organization and successfully implement operations in support of company strategy

collection of people working together to achieve a common purpose

responsible for activities, which contribute for providing goods or service

use special technical expertise to support the efforts of line personnel

have responsibility for a single area of activity

responsible for complex subunits that include many functional areas of activity

managers of public and nonprofit organizations

persons, groups, or institutions who are affected by the organization's performance