Management is a set of activities directed at an organization's resources with the aim of achieving organizational goals in an efficient and effective manner. The first function of management is planning and decision making. Planning is setting and organization's goals and deciding how best to achieve them. Decision making is part of the planing process that involves selecting a course of action from a set of alternatives. Bill Gates used this by first deciding what …
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showed last 75 words of 354 total
…computer manufacturers, customers, strategic allies, and government officials. He typically works sixteen hours a day, and seldom takes any time off. Even when he is "away from work," he keeps up with things via email. Microsoft faces formidable competition from firms such as Netscape in the emerging markets related to the Internet. And for another, computer giants like IBM and Compaq are seeking new alliances to avoid being too much at the mercy of Microsoft.