Mgmt test 1 12345 - Study guides, Class notes & Summaries

Management - Getting work done through others Efficiency - Getting work done with minimum effort, expense, or waste Effectiveness - Accomplishing tasks that help fulfill organizational objectives What is the key to an organization's success? - Management Functions of Management - planning, organizing, leading, controlling Planning - -Determining organizational goals and a method or strategy for achieving them. -Companies that plan have larger profits and faster growth than comp...