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Management Fourteenth Edition, Global Edition Chapter 2 Decision Making Copyright © 2018 Pearson Education, Ltd. All Rights Reserved
Quick Recap Management Functions Planning: Defining goals, establishing strategies to achieve goals, and developing plans to integrate and coordinate activities Organizing: Arranging and structuring work to accomplish organizational goals Leading: Working with and through people to accomplish goals Controlling: Monitoring, comparing, and correcting work
Efficiency & Effectiveness of Performance Use minimal resources (doing efficiently - doing thing right) to produce maximum output (doing effectively – doing the right thing)
Skills Needed at Different Managerial Levels