IT Business Management

Question 1

Mission Statements

Answer 1

State reason for organizations existence.

Statement of intent for all stakeholders

Question 2

SWOT

Answer 2

Strength, Weaknesses, Opportunities and Threats.

Question 3

Pestile

Answer 3

Political, Economics, socio-culturals, Technological, Legal and Environmental.

Question 4

Definition of Organizing

Answer 4

The process of determining who will perform the tasks needed to achieve organizational objectives

Question 5

Motivation

Answer 5

Motivation is the energy that impels people to achieve an organizations objectives.

Question 6

Basic Definition of Management

Answer 6

Someone who uses resources in an efficient and effective way so that the end of product is worth more than initial input.

Question 7

Full Definition of Management

Answer 7

Getting other people to transform resources so that the results add value to organization in terms of reaching its goals