MAN 3025 Exam 1 Questions & Correct Answers | Latest Update |Already Graded A+

organization : a group of people who work together to achieve some specific purpose management : the pursuit of organizational goals efficiently and effectively by integrating the work of people through planning, organizing, leading and controlling the organization's resources efficiency : means to use resources-people, money raw materials, and the like - wisely and cost effectively effectiveness : means to achieve results, to make the right decisions and to successfully carry them out so that they achieve the organization's goals planning 2 | P a g e : setting goals and deciding how to achieve them organizing : arranging tasks, people, and other resources to accomplish the work leading : motivating, directing, and otherwise influencing people to work hard to achieve the organization's goals controlling : monitoring performance, comparing it with goals, and taking corrective action as needed competitive advantage