TAMU MGMT 309 EXAM #1
1. Organization: - A structured group working collaboratively to achieve specific goals.
2. Human Resources: - Involves managing talent; includes hiring, training, and firing.
3. Financial Resources: - Focuses on capital investments that support the organization's ope...
- A structured group working collaboratively to achieve specific goals.
2. Human Resources:
- Involves managing talent; includes hiring, training, and firing.
3. Financial Resources:
- Focuses on capital investments that support the organization's operations.
4. Physical Resources:
- Comprises raw materials, facilities, and equipment necessary for production.
5. Information Resources:
- Usable data and information, such as customer databases, that guide decision-making.
6. Management:
- A series of activities (planning, organizing, leading, controlling) directed at resources to effectively
and efficiently achieve organizational goals.
7. Basic Purpose of Management:
- Utilize resources wisely and cost-effectively; make strategic decisions.
8. Manager:
- A professional responsible for executing the management process, including planning, organizing,
leading, and controlling.
9. Management Process:
- A cyclical process: Planning → Decision Making → Organizing → Leading → Controlling → Planning...
, Types of Managers:
1. By Level:
- Top Managers: Set organizational goals and strategies.
- Middle Managers: Implement plans and supervise lower-level management.
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