Internal Unit (Management Roles) Flashcards
What is the primary role of management in an organization?
Management determines the success or failure of an organization by employing, shaping, and regulating people and resources.
Who are typically considered managers?
Managers are trained individuals who work in various organizations, including large companies and small businesses, to manage people and resources.
What are the four general responsibilities of managers?
- Act on behalf of their owners
- Set organizational objectives
- Manage others to achieve objectives
- Maintain organizational values
Who was Henri Fayol and what did he contribute to management theory?
Henri Fayol was a French engineer who identified five primary functions of management.
What are Fayol’s 5 functions of management?
- Planning
- Organising
- Commanding
- Co-ordinating
- Controlling
How does planning help managers achieve objectives?
It involves setting clear objectives and determining the best course of action to achieve them.
What does organising entail in the context of management?
Organising involves arranging resources and tasks to implement the plan and achieve business objectives.
What is the purpose of controlling in management?
Controlling involves monitoring and evaluating progress towards objectives to ensure they are met.
What are Fayol’s 14 Principles of Management?
- Division of labour
- Authority
- Discipline
- Unity of command
- Unity of direction
- Subordination
- Remuneration
- Centralisation
- Scalar chain
- Order
- Equity
- Stability of personnel
- Initiative
- Esprit de corps
What is the principle of Division of Labour?
Employees should be trained in one area to build expertise in that task.
What is the principle of Unity of Command?
Each employee should have only one direct supervisor from whom they receive orders.
What are the three categories of Mintzberg’s managerial roles?
- Interpersonal
- Informational
- Decisional
What does the interpersonal role of ‘Figurehead’ involve?
It involves representing the organization to the outside world.
What is the role of ‘Leader’ in Mintzberg’s framework?
To inspire and motivate employees to meet company objectives.
What is the purpose of the ‘Monitor’ role?
To check progress and identify problems to keep the organization on track.