Edited by: Tres Mali Scott, M.Ed., M.S., ABD
Management is measured by:
- Input——-Resources
- Output——-Attainment of Goals
The major factors that impact decision making:
- International impacts
- Competition
- Organizational Size
- Structural Complexity
- Consumerism
- Information/Computers
- Technology
- Governmental Intervention
According to Fundamentals of Management Science Custom Edition by Efraim Turban and Jack R. Merideth, Management is:
a process used to achieve certain goals through the utilization of resources (people, money, energy, materials, space, time).
A “Good Manager” must make “Good Decisions”.
Reference
Turban, E. & Merideth, J.R. (1998). Fundamentals of Management Science Custom Edition. The McGraw-Hill Companies, Inc. New York, NY.
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