MANGT 420 Exam 1 KSU Questions And Answers (Updated And Verified)

MANGT 420 Exam 1 KSU Questions And Answers (Updated And Verified) Management - answerThe process of planning, organizing, leading, and controlling people in an organization to get things done. Efficiency - answerGetting the most output from inputs Effectiveness - answerAbility to achieve goals Primary functions of the management process - answerPlanning, organizing, leading, controlling Planning - answerDetermining what strategies and plans are needed to achieve those goals Strategic Plans - answerLong-term and effect entire organization. Bridges gap between what organization is and what it wants to be. Tactical Plans - answerTranslate strategic plans into specific actions-broadly who, what, where, etc. Operational Plans - answer Organizing - answerDetermining the tasks to be done by whom, and what the reporting hierarchy is to be. Allocating resources and defining how the activities of groups and individuals will be coordinated. Leading - answerWorking with people to achieve goals. Controlling - answerThe process of monitoring, activities, measuring performance, and making corrections when needed. Upper Management - answerLong-term goals: products, markets, business organizing. (CEO, CFO, COO, CTO, etc) Middle Management - answerInterprets plans & set actions (Regional/Plant managers) Team Leaders - answerReports to first-line managers or middle managers. develops timelines, specific work assignments, provides training to team. Make sure team is operating efficiently. Position may be eliminated after completion. First-Line Managers - answerFocused on internal issues