Roles of Management
What is the process of planning, organizing, leading, and controlling to meet organizational goals?
Management
What does SWOT stand for?
Strengths
Weaknesses
Opportunities
Threats
True or false a mission statement is a statement that focuses on tomorrow and what’s the organization wants to become and the goals they want to achieve.
False
a mission statement is a brief statement of why an organization exists, or what the organization aims to accomplish for customers, investors, and stake holder.
What is a goal?
A broad, long-range target or aim.
How many different roles of management are there?
What are the three types of management in the management pyramid?
First line managers
Middle managers
Top managers
Name three of the five words that define the acronym S.M.A.R.T goals
Specific
Measurable
Achievable
Relevant
Time-Bound
What is a short range target or aim?
An objective
What are the three different roles of management?
Interpersonal Roles, Informational Roles, Decisional Roles
True or False
Defining your purpose is divided in three parts : Mission Statement, Vision Statement and Purpose statement.
False, the right answer is Mission statement, vision statement, and value statement
What is the first thing you do when you analyze the competitors.
Perform a SWOT analysis
True or False? This is an example of an objective - “I will decrease overhead costs of my company.”
True
Which role of management provides leadership to employees, acts as a liason between groups, and fosters relationships?
An Interpersonal Role
What are the two categories of managerial forecasts ?
Quantitative (based on historical data or tests and often involve complex statistical computations)
Qualitative (based more on intuitive judgments) forecasts
This is an example of what letter of SMART goals,
"I will start a facebook ads course tomorrow and start running paid campaigns within 1 week"
T- Time-bound
What are the three different Leadership Styles?
Autocratic Leaders
Democratic Leaders
Laissez-faire Leaders
Define Managerial Roles
Behavioral patterns and activities involved in carrying out the functions of management.
First line managers develop plans to implement the goals of top and middle managers ? true or false ?
False this is the role of a middle manager, first line managers supervise the operating employees and implement the plans set at the higher management levels.
True or False
Build out a business model canvas is another way to analyze the competition.
True
What are the four essential management functions?
Interpersonal skills
Technical skills
Conceptual skills
Decision-making skills