Exam 1 bnad 302 - Study guides, Class notes & Summaries

What is management? - the "art of getting things done through people" How is management formally defined - 1.The pursuit of organizational goals efficiently and effectively, by 2.Integrating the work of people through... 3.Planning, organizing, leading, and controlling the organization's resources To be efficient - to use resources -people, money, raw materials, and the like -wisely and costeffectively To be effective - to achieve results, to make the right decisions and to successfully...

BNAD 302 Exam 1 - University of Arizona Latest Update Graded A+ Organization a group of people who work together to achieve some specific purpose Efficient to use resources wisely and cost-effectively (people, money, raw materials) ex: companies now use a recorded "telephone menu" of options to answer customer calls Effective to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization's goals Burger King decided to...

BNAD 302 Exam 1 - University of Arizona – Questions and Answers

Organization - a group of people who work together to achieve some specific purpose Efficient - to use resources wisely and cost-effectively (people, money, raw materials) ex: companies now use a recorded "telephone menu" of options to answer customer calls Effective - to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization's goals Burger King decided to add breakfast to its hours of operation in order to increase its cust...

Define management - -pursuit of organizational goals efficiently and effectively by -integrating the work of people by -planning, organizing, leading, and controlling the organization's resources What are the rewards of being an exceptional manager? - -higher salary -nicer/bigger office -more benefits (health care, etc.) What would I actually do as a manager? (4 things) - Plan, Organize, Lead, Control What are 7 challenges I can look forward to as a manager? - 1. managing for competitive...