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Introduction to Business
Julian E. Gaspar, International Business
et al.
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Learning Objectives
Chapter 5: Managing and Organizing Business
- Describe the strategic planning process, including the establishment of strategic goals, strategy formulation, and strategy implementation.
- Discuss the special planning elements of succession planning, innovation planning, and contingency and crisis planning.
- Explain chains of command, organizational charts, and job specialization.
- Analyze and describe different types of departmentalization within organizations.
- Describe different types of delegation of authority within organizations.
- Explain briefly the directing and controlling functions of the management process, including the use of six sigma initiatives.
- Describe the basic kinds of managers within organizations.
- Analyze the different types of skills that go into making effective managers.
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