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Exam (elaborations)

MGT 300 CH 1 - Management and Manager Definition || CORRECTLY SOLVED!!

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management correct answers is defined as the process of effectively and efficiently planning, organizing, leading, and controlling the activities of employees in combination with other resources to achieve organizational objectives. planning correct answers the what and how part of management - what are our goals and how do we achieve them organizing correct answers requires determining what resources are available and what activities are required in order to achieve the company's objectives then using them to create the formal structure, assign responsibilities and delegate authority to carry out assignments leading correct answers utilizing influence to get people motivated to achieve goals leadership is what type of process? correct answers it is reciprocal or two-way in that involves a leader and a follower as well as instruction and feedback which may be verbal or nonverbal MBWA correct answers management by walking around employed by Sam Walton controlling correct answers determining the ways and means of following-up to ensure actual performance is leading to goal achievement basic steps of control correct answers setting performance standards determining methods of measuring performance measuring performance comparing performance with established standards taking corrective action to bring performance into alignment with standards effectiveness correct answers the ability to set and achieve goals efficiency correct answers ability to achieve goals using the least amount of resources managerial performance correct answers requires operating efficiently while being effective management as science correct answers observe that a problem or opportunity exists, gather data and potential courses of action, generalize potential outcomes, make decisions management as art correct answers decision making based on personal judgment or intuition - it involves knowing when to apply management concepts and when not to and is based on the situation universality of management correct answers states that the functions of management must be performed by managers at all levels in all types of organizations - including business, government, education, social, and religious - in all cultures of the world

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MGT 300
Course
MGT 300

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MGT 300 CH 1 - Management and Manager Definition ||
CORRECTLY SOLVED!!
management correct answers is defined as the process of effectively and efficiently planning,
organizing, leading, and controlling the activities of employees in combination with other
resources to achieve organizational objectives.

planning correct answers the what and how part of management - what are our goals and how
do we achieve them

organizing correct answers requires determining what resources are available and what
activities are required in order to achieve the company's objectives then using them to create
the formal structure, assign responsibilities and delegate authority to carry out assignments

leading correct answers utilizing influence to get people motivated to achieve goals

leadership is what type of process? correct answers it is reciprocal or two-way in that
involves a leader and a follower as well as instruction and feedback which may be verbal or
nonverbal

MBWA correct answers management by walking around employed by Sam Walton

controlling correct answers determining the ways and means of following-up to ensure actual
performance is leading to goal achievement

basic steps of control correct answers setting performance standards
determining methods of measuring performance
measuring performance
comparing performance with established standards
taking corrective action to bring performance into alignment with standards

effectiveness correct answers the ability to set and achieve goals

efficiency correct answers ability to achieve goals using the least amount of resources

managerial performance correct answers requires operating efficiently while being effective

management as science correct answers observe that a problem or opportunity exists, gather
data and potential courses of action, generalize potential outcomes, make decisions

management as art correct answers decision making based on personal judgment or intuition -
it involves knowing when to apply management concepts and when not to and is based on the
situation

universality of management correct answers states that the functions of management must be
performed by managers at all levels in all types of organizations - including business,
government, education, social, and religious - in all cultures of the world

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Institution
MGT 300
Course
MGT 300

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Uploaded on
August 29, 2024
Number of pages
3
Written in
2024/2025
Type
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