Planning and Control of Organizations

Catalog description

Reviews and analyzes the theory and application of the basic components of the managerial process. The ways in which these concepts relate to current trends in reengineering and downsizing are discussed. Included is the introduction of such basic managerial concepts as cost and profit analysis, profit planning, cost concepts, budget decision techniques, capital-budgeting, and the cost of capital. Emphasis is on coordination, control, and interaction between decision theory and the instruments of policy implementation in formal organizations.