| Business: A Changing World, 4/e O.C. Ferrell,
Colorado State University Geoffrey Hirt,
DePaul University
The Nature of Management
Learning ObjectivesAfter reading this chapter, you should be able to: Define management and explain its role in the achievement of organizational objectives. Describe the major functions of management. Distinguish among three levels of management and the concerns of managers at each level. Specify the skills managers need in order to be successful. Summarize the systematic approach to decision making used by many business managers. Recommend a new strategy to revive a struggling business.
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