1. The Management Process Flashcards
By monitoring the variables, trends and environment continuously, managers can spot … in trends that could help them make better decisions.
Changes
Effectiveness is achieved when the organisation formulates and pursues …
Appropriate goals
Efficiency is determined by weighing the (1)… required to achieve an objective, against what was (2)…
(1) Resources
(2) Actually accomplished
In a constantly changing environment, successful managers are those who can … to changing circumstances.
Anticipate & adjust
It is important for managers to give … to their employees and organisation in general.
Direction
Management is the process of working … others to achieve organisational objectives in a changing environment.
With & through
Managers therefore need to keep pace with (1)… , strive to remain (2)… and manage (3)…
(1) Technological advances
(2) Competitive
(3) Workforce diversity
Name the three levels of management:
- Top-level
- Middle-level
- Lower-level
Name the three role distribution of managers:
- Interpersonal
- Informational
- Decision-making
Name three examples of the market environment?
- Intermediaries
- Labour market
- Competition
Name three examples of the micro-environment?
- Goals
- Resources
- Policies
Name three examples of the remote environment?
- Economic
- Cultural
- Technological
The decision-making role is like an (1)… or (2)…
(1) Entrepreneur
(2) Problem solver
The informational role is like an (1)… or (2)…
(1) Analyzer
(2) Spokesperson
Name four resources utilized by managers:
- Human resources
- Financial resources
- Physical resources
- Informational resources
