CH1 1.2 Management

Question 1

What is Management?

Answer 1

Management involves planning, organizing, and coordinating resources to achieve organizational objectives efficiently.

It focuses on ensuring smooth operations, setting targets, allocating resources, and monitoring progress. Managers play a critical role in achieving organizational goals by aligning people, processes, and resources effectively.

Question 2

What are the 4 Functions of Management?

Answer 2

1. Planning
2. Organizing
3. Leading
4. Controlling

Question 3

What is the Planning function of management?

Answer 3

Managers set organizational objectives, develop strategies, and create action plans to achieve goals. They analyze the current situation, anticipate future challenges, and make informed decisions.

Question 4

What is the Organizing function of management?

Answer 4

Managers organize resources such as people, tasks, and materials to accomplish objectives. They assign responsibilities, establish reporting relationships, and create structures and systems to facilitate efficient workflow.

Question 5

What is the Leading function of management?

Answer 5

Managers guide and motivate employees to perform their best. They provide direction, set expectations, and facilitate teamwork. Effective leadership skills are essential for successful management.

Question 6

What is the Controlling function of management?

Answer 6

Managers monitor progress, measure performance, and make necessary adjustments to ensure goals are met. They establish performance metrics, evaluate results, and implement corrective actions when needed.

Question 7

Who identified the 10 Management roles that managers perform & into how many categories can they be categorized?

Answer 7

Henry Mintzberg

Categorized in 3

Question 8

What are the 3 Management Roles?

Answer 8

1. Interpersonal Roles
2. Informational Roles
3. Decisional Roles

Question 9

What is the Interpersonal management roles?

Answer 9

These roles involve interactions with others, including figurehead (representing the organization), leader (guiding and motivating employees), and liaison (building relationships with external parties).

Question 10

What is the Informational management roles?

Answer 10

These roles involve gathering, analyzing, and sharing information. They include roles such as monitor (collecting information), disseminator (sharing information with relevant parties), and spokesperson (communicating on behalf of the organization).

Question 11

What is the Decisional management Role?

Answer 11

These roles involve making choices and taking action. They include roles such as entrepreneur (identifying opportunities), negotiator (engaging in negotiations), and resource allocator (allocating resources effectively).