Company Officer Ch 4 Flashcards
The “Father of Professional Management”
Fayol
The five discrete components of management?
planning organizing commanding coordinating controlling
Time frame for short term planning?
< 1yr
Time frame for mid range planning?
1-5yrs
Time frame for long term planning?
5+ yrs
Breaking down large tasks into manageable activities?
organizing
Exercising your delegated authority to get things done.
Commanding
Putting various functions together into a smooth and well operating organization.
Coordinating
Monitoring our progress
Controlling
When the manager only gets involved when something unusual occurs.
Management by exception
Who invented Management by Objectives?
Peter Drucker
Who invented Theory X and Theory Y?
McGregor
People dislike work and only work for money is what theory?
Theory X
People want to feel important and want to be recognized is what Theory?
Theory Y
People want to contribute and be a part of the process, and people represent unlimited potential is what theory?
Theory Z