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Exam (elaborations)
MGT 330 Exam 1 Chapters 1-4
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Planning - You set goals and decide how to achieve them Organizing - You arrange tasks, people, and other resources to accomplish the work Leading - You motivate, direct and otherwise influence people to work hard to achieve the organizations goal Controlling - You monitor performance, comparing it with goals, and take corrective actions as needed Efficiency - Use resources, people, money, raw materials wisely and cost effectively Effectiveness - To achieve results, to make the right decisions, and to successfully carry them
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