PRINCIPLES OF MANAGEMENT 1 -
MGT 3200 - SAULEY - LSU
COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ management.
Answer: the act of working with and through a group of people to
accomplish a desired goal/objective in an effective manner
◍ 1. What is management?.
Answer: Process for achieving desired results through other
◍ 2. What are the 2 key concerns of management?.
Answer: Efficienty and effectiveness
◍ 3. What is effectiveness concerned with? efficiency?.
Answer: Effectiveness is concerned with achieving desired results and
acquiring market share
◍ 4. How are effectiveness and efficiency related?.
Answer: Efficient organizations tend to be effective organizations; but it
never guarantees effectiveness
◍ 5. What is your important resource as a manager?.
Answer: People, some managers suffer from injelitance- they are afraid of
someone taking their managerial position. This most directly effects staffing
and secondarily effects leading
◍ leadership.
Answer: ability to drive change and innovation through inspiration and
, motivation
◍ managers vs leaders.
Answer: leaders are long-term inspirers and motivatorsmanagers are
short-term problem solvers
◍ leadership skills.
Answer: differ according to person's level and responsibilities in the
organizationalso:- technical skills are important early in career- managers
focus financial reporting, planning, recruiting of talent, and team
development- middle-level managers focus on interpersonal skills,
developing teams, and using conceptual skills- senior executives set the
vision for the organization
◍ 6. Is management art or science? When is it considered a science? an art?.
Answer: Both, in the academic world it is a science, in practice it is an art
◍ 7. How did management become important and why is it still significant
today?.
Answer: Putting the skills of craftsman into the machine
◍ 8. What was the basic change in the industrial revolution.
Answer: Putting the skills of craftsman into the machine
◍ traditional levels of management.
Answer: 1. top management (C Suite)2. middle management3. team leaders,
first-line managers, etc
◍ management/leadership challenge.
Answer: Harnessing technological advancesResponding to change and
uncertaintyOperating in a socially responsible mannerCompleting on a
global scaleManaging and leading diverse workforces
◍ 9. What happened to productivity (supply), prices, and demand as a result of
the industrial revolution?.
Answer: Productivity went up , prices went down, and demand went up
◍ pillars of management.
, Answer: strategic positioningorganizational designindividual leadership
◍ organizational design.
Answer: developing and aligning organizational components to achieve
strategic objectivesOR the manner in which a business is aligned and
structured to compete in the changing contextual landscape
◍ organizational strategy.
Answer: Depends on the nature and context of competitive and
environmental landscape and skills and capabilities of the management
teamunderstanding of contextual landscape depends on firm's ability to:-
Recognize threats and opportunities- Lead and organize resources to
effectively compete in the marketplace
◍ 10. What was the pivotal event of our time, according to Drucker?.
Answer: When owners started relinquishing their management to
professional managers- this was to meet mass demand
◍ threshold task.
Answer: accurately assessing and effectively responding to your
environment
◍ Bureaucratic organization structure.
Answer: - A clear differentiation of tasks and responsibilities- Coordination
through strict hierarchy of authority and decision rights- Standardization of
rules and procedures- Vertical separation of planning and execution
◍ 11. Why do most businesses fail?Poor management.
Answer: ...
◍ 1. What does a first-line manager do? What are the names associated with
1st-line management?.
Answer: First line- only managers that don't manage other managers, they
implement plans and common names are foreman and supervisor
◍ 1. What does a middle level manager do? What are the names associated
with middle level manager.
MGT 3200 - SAULEY - LSU
COMPREHENSIVE STUDY GUIDE 2026
FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ management.
Answer: the act of working with and through a group of people to
accomplish a desired goal/objective in an effective manner
◍ 1. What is management?.
Answer: Process for achieving desired results through other
◍ 2. What are the 2 key concerns of management?.
Answer: Efficienty and effectiveness
◍ 3. What is effectiveness concerned with? efficiency?.
Answer: Effectiveness is concerned with achieving desired results and
acquiring market share
◍ 4. How are effectiveness and efficiency related?.
Answer: Efficient organizations tend to be effective organizations; but it
never guarantees effectiveness
◍ 5. What is your important resource as a manager?.
Answer: People, some managers suffer from injelitance- they are afraid of
someone taking their managerial position. This most directly effects staffing
and secondarily effects leading
◍ leadership.
Answer: ability to drive change and innovation through inspiration and
, motivation
◍ managers vs leaders.
Answer: leaders are long-term inspirers and motivatorsmanagers are
short-term problem solvers
◍ leadership skills.
Answer: differ according to person's level and responsibilities in the
organizationalso:- technical skills are important early in career- managers
focus financial reporting, planning, recruiting of talent, and team
development- middle-level managers focus on interpersonal skills,
developing teams, and using conceptual skills- senior executives set the
vision for the organization
◍ 6. Is management art or science? When is it considered a science? an art?.
Answer: Both, in the academic world it is a science, in practice it is an art
◍ 7. How did management become important and why is it still significant
today?.
Answer: Putting the skills of craftsman into the machine
◍ 8. What was the basic change in the industrial revolution.
Answer: Putting the skills of craftsman into the machine
◍ traditional levels of management.
Answer: 1. top management (C Suite)2. middle management3. team leaders,
first-line managers, etc
◍ management/leadership challenge.
Answer: Harnessing technological advancesResponding to change and
uncertaintyOperating in a socially responsible mannerCompleting on a
global scaleManaging and leading diverse workforces
◍ 9. What happened to productivity (supply), prices, and demand as a result of
the industrial revolution?.
Answer: Productivity went up , prices went down, and demand went up
◍ pillars of management.
, Answer: strategic positioningorganizational designindividual leadership
◍ organizational design.
Answer: developing and aligning organizational components to achieve
strategic objectivesOR the manner in which a business is aligned and
structured to compete in the changing contextual landscape
◍ organizational strategy.
Answer: Depends on the nature and context of competitive and
environmental landscape and skills and capabilities of the management
teamunderstanding of contextual landscape depends on firm's ability to:-
Recognize threats and opportunities- Lead and organize resources to
effectively compete in the marketplace
◍ 10. What was the pivotal event of our time, according to Drucker?.
Answer: When owners started relinquishing their management to
professional managers- this was to meet mass demand
◍ threshold task.
Answer: accurately assessing and effectively responding to your
environment
◍ Bureaucratic organization structure.
Answer: - A clear differentiation of tasks and responsibilities- Coordination
through strict hierarchy of authority and decision rights- Standardization of
rules and procedures- Vertical separation of planning and execution
◍ 11. Why do most businesses fail?Poor management.
Answer: ...
◍ 1. What does a first-line manager do? What are the names associated with
1st-line management?.
Answer: First line- only managers that don't manage other managers, they
implement plans and common names are foreman and supervisor
◍ 1. What does a middle level manager do? What are the names associated
with middle level manager.
