Nature
of
Management
of
Management
The process of coordinating a business's resources to achieve its goals.
What is traditional management?
Stresses how best to manage and organise workers so as to improve productivity (outptu)
created 50 years after the emergence of scientific management ideas..
What is the Behavioural Management Approach
This is the term for a person who starts and runs their own business, taking on financial risk in the hope of profit.
What is an entrepreneur?
This 1919 treaty officially ended World War I and imposed heavy penalties on Germany.
What is the Treaty of Versailles?
P-O-L-C
What does an effective manager need to be good at?
OR
Planning, organising, leading controlling
This system of organization ranks people
What is a hierarchy?
the person considered the founder of industrial psychology and who contributed to the behavioural management theory
Who is Elton Mayo?
This Australian tax applied to most goods and services is currently set at 10%.
What is the Goods and Services Tax?
This African country has the most pyramids in the world, more than even its northern neighbour, Egypt.
What is Sudan?
one measures the degree to which a goal has been achieved and the other compares the resources need to achieve a goal against what was actually achieved.
What is the difference between effectiveness vs efficiency?
strong, centralised control
What is an autocratic or authoritarian leadership style?
What are the main functions of the behavioural management approach
leading, motivating and communicating
This document outlines a business’s goals, strategies, and financial forecasts, often used to attract investors or guide operations.
What is a business plan?
This independent organisation is responsible for setting Australia’s official interest rates and controlling monetary policy.
What is the Reserve Bank of Australia?
Two word phrase that describes the correct balance between efficiency and effectiveness
competitive position
Developed by Fredrick W. Taylor and uses time and motion studies
What is the classical - scientific approach
Structure that delayers traditional hierarchy
What is teamwork? What is a team?
This Australian law aims to promote fair trading and competition, and includes protections for consumers.
What is the Competition and Consumer Act 2010?
Guess the movie: Flying house, talking dog, and a kid who asks too many questions.
What is Up?
I_____________, c______________, s_____ t______, v_____, p_________-s_______, d_____-m_____, f______, a_______ to c______, r______ the c_______ i________ of s________
Fill in the blanks
What the skills of management: Interpersonal, communication, strategic thinking, vision, problem-solving, decision-making, flexibility, adaptability to change, reconciling the conflicting interests of stakeholders
1)Examine each part a task
2)Select and train workers
3)Cooperate with workers
4)Divide work and responsibility
What are Taylor's four principles of scientific management
Style where leaders share their decision making authority with subordinates.
What is participative or democratic leadership style?
This term refers to the money a business earns from its normal operations, before expenses are deducted.
What is revenue?
How many folds are in a chef's hat?
100
P=TR-TC
What is maximum profit?
According to this person, a bureaucracy is the most efficient form of organisation and should have strict hierarchical structure with a focus on planning, organising and controlling
Who is Max Weber and Henri Fayol?
Reaching decisions and introducing tasks can be time consuming with differing views having to be considered. The quality of decisions may also suffer because compromises are made rather than decisive, clear directions given.
What is a disadvantage of participative or democratic leadership style?
This term refers to the ability of a business to meet the needs of the present without compromising the ability of future generations to meet their needs.
What is sustainability?
How many noses does a slug have?
Four