Management Responsibilities Flashcards
1
Q
The management responsibilities to…
A
- Owners
- Employees
- Customers
- Society
- Government
2
Q
What responsibilities does the management have to owners?
A
- Ensure that the company is operating efficiently and maximizing profits
- Ensure that the firm meets the strategic goals in an efficient and effective manner
- Advise shareholders on any changes that may be necessary to ensure growth of the firm
3
Q
What responsibilities does the management have to employees?
A
- To provide the safest and most comfortable working conditions
- To pay a fair wage
- To secure future employment as far as possible
- Provision of training
- Keep them informed
4
Q
What responsibilities does the management have to goverment?
A
To ensure that the company is abiding by the law and behaving in a manner that is compatible with the country’s trading practices.
- To pay taxes
- Obey laws
- Contribute to economic growth
5
Q
What responsibilities does the management have to society?
A
- To support the community in social events
- To maintain a safe and healthy environment
6
Q
What responsibilities does the management have to customers?
A
- To produce quality goods and services
- To provide adequate information
on the product - To provide after sales service
- To provide the opportunity for redress
- To refrain from false advertising
