Management

Question 1

Define Management.

Answer 1

The pursuit of organizational goals effectively and efficiently through:

planning. organization, leading and controlling

Question 2

Define planning.

Answer 2

Setting goals and deciding how to achieve them

Question 3

Define organizing.

Answer 3

Arranging tasks, people and resources to accomplish the work (organizational structure)

Question 4

Define leading.

Answer 4

Motivating, directing and influencing people to work hard to achieve the organization’s goals
Establishing a MISSION & VISION and guiding others.

Question 5

Define controlling.

Answer 5

Monitoring performance, comparing it with goals and taking corrective action as needed.

Question 6

Operations management is a sphere of management that relates to producing goods. What is a factory assembly line?

Answer 6

Series of steps for assembling a product, each step using the same interchangeable parts and each being performed repetitively by the same worker.

Question 7

What is mass production? What made it possible?

Answer 7

The production of uniform goods in great quantities. Made possible by mechanization, standardization, assembly lines , automation and robotics.

Question 8

What is lean manufacturing?

Answer 8

Production by eliminating unnecessary steps and using the fewest resources, as well as continually striving for improvement.