1.
MANAGEMENT

2.
Business in a
Changing World
McGraw-Hill/Irwin Copyright © 2009 by the McGraw-Hill Companies, Inc. All rights reserved.
Chapter 7
Managerial Decision Making
4

3.
THE IMPORTANCE OF MANAGEMENT
ACHIEVING OBJECTIVES REQUIRES SKILLED
MANAGEMENT
Management –
planning, organizing, staffing, directing, &
controlling

4.
THE IMPORTANCE OF MANAGEMENT
PROCESS DESIGNED TO ACHIEVE AN
ORGANIZATION’S OBJECTIVES BY USING ITS
RESOURCES EFFECTIVELY & EFFICIENTLY IN A
CHANGING ENVIRONMENT.
Management

5.
THE IMPORTANCE OF MANAGEMENT
RESOURCES
•PEOPLE
•RAW MATERIALS
•EQUIPMENT
•MONEY
•INFORMATION
Resource acquisition &
coordination