The Importance of Management
Accomplishing the objectives with a minimum of resources.
What is efficiently?
The ends or results desired by an organization, derive from the organization's mission.
What are objectives?
They make all the decisions and then tell employees what must be done and how to do it.
Who are Autocratic leaders?
They let their employees work without much interference.
What are Free-rein leaders?
A type of decision making that involves both manager and employee input, supports employee empowerment within the organization.
What is participative decision making?
To harmonize the use of resources so that the business can develop, produce, and sell products, managers engage in a series of activities.
What is planning, organizing, directing, and controlling?
These plans, which usually cover a period of one year or less, help keep the organization on the course established in the strategic plan.
What are tactical plans?
They decide whether to add products, acquire companies, sell unprofitable business segments, and move into foreign markets.
Who are Top-level managers?
When employees are provided with the ability to take on responsibilities and make decisions about their job.
What is employee empowerment?
Benefits an individual or a company at the expense of other stakeholders.
What is a bribe?
The statement of an organization's fundamental purpose and basic philosophy.
What is a mission or (mission statement)?
They apply to details in executing activities in one month, week, or even day.
What are operational plans?
Refer to the ability to identify relevant issues and recognize their importance, understand the relationships between them, and perceive the underlying causes of a situation.
What are analytical skills?
Passionate about the goals and mission of the company, display corporate values in the workplace and form long-term relationships with stakeholders.
What are authentic leaders?
A layout that organizes the transformation process into departments that group related processes.
What is process layout?
A company almost always has ________ _________, which illustrates the complex nature of business.
What are multiple goals?
This establishes lines of authority, improves communication, helps avoid duplication of resources, and can improve competitiveness by speeding up decision making.
What is organizing?
Financial managers, Production and Operations managers, Human resources managers, marketing managers, Information technology managers, and administrative managers are all what
What are areas of management?
Passionate about the goals and mission of the company, display corporate values in the workplace and form long-term relationships with stakeholders.
Who are Authentic leaders?
The direction of machinery by computers to adapt to different versions of similar operations
What is flexible manufacturing?
This relates to an organization's ability to adapt and to get new products to the marketplace in a timely fashion.
What are growth objectives?
It involves determining and administering appropriate rewards and recognition.
What is directing?
This process involves; measuring performance, comparing present performance with standards or objectives, identifying deviation from the standards, investigating the causes of deviations, and taking corrective action when necessary.
Who is controlling?
Make all the decisions and then tell employees what must be done and how to do it.
What is an autocratic leader?
A limited partnership traded on securities exchanges.
What is Master limited partnership?