The Role of Management - CORRECT ANSWER✅✅-Guide organizations toward goal accomplishment
-Combine and use organizational resources to ensure organizations achieve their purpose
-Encourage individual activities are focused on reaching organizational goals
-Focus on activities or other factors that may get in the way of goal achievement
Planning - CORRECT ANSWER✅✅-Setting organizational goals
-Identifying actions to achieve the goals
Organizing - CORRECT ANSWER✅✅-Determining tasks and groupings of work
-Assigning tasks to individuals in the organization
Influencing - CORRECT ANSWER✅✅-Working with people within organizations
-Guiding the activities of organization members in appropriate directions
Controlling - CORRECT ANSWER✅✅-Monitoring and measuring organizational performance
-Determining if organization should be modified to meet pre-established standards
Mistakes Managers Make in Carrying out the Managerial Functions - CORRECT ANSWER✅✅Planning:
1. Not establishing objectives for all important organizational ares.
2.Making plans that are too risky.
3.Not exploring enough viable alternatives for reaching objectives
Organizing:
1. Not establishing departments appropriately.
2. Not emphasizing coordination of organization members.
3. Establishing inappropriate spans of management.
, Influencing:
1. Not taking the time to communicate properly with organization members.
2. Establishing improper communication networks.
3. Being a manager but not a leader.
Controlling:
1. Not monitoring progress in carrying out plans.
2. Not establishing appropriate performance standards.
3. Not measuring performance to see where improvements might be made
Organizational Resources - CORRECT ANSWER✅✅- Human: employees / work for an organization
- Monetary: amounts of $$ that managers use to purchase goods and services for the organization.
- Raw Materials: ingredients to make products
- Capital: machines used during the manufacturing process
Managerial Effectiveness - CORRECT ANSWER✅✅When resources are used to achieve goals, managers
are effective.
Managerial Efficiency - CORRECT ANSWER✅✅When resources contribute to productivity, managers are
efficient *lower resources but yield high productivity, means the manager is efficient
Management Skills - Technical - CORRECT ANSWER✅✅Ability to apply specialized knowledge and
expertise to work-related procedures
Management Skills - Human - CORRECT ANSWER✅✅Building cooperation with team being led
Management Skills - Conceptual - CORRECT ANSWER✅✅Ability to see the organization as a whole. How
different departments can complement each other