Manager Roles And The Firm And Its Environment Flashcards
Being at the center of the flow of information it is the role of the manager to harness this information through relevant decision making
Informational roles
Enumerate the examples of informational roles
Monitor
Dessiminator
Spokesman
Manager continuously scans environment and watch out for information of the macro and micro environments for opportunity and threats to the organization
Monitor
Manager provides relevant information to the organization
Dessiminator
The manager sends out information outside the organization
Spokesman
Manager that commits the entire organization to a new business plan or new strategic direction like a new project or new program
Decisional roles
Enumerate the examples of decisional rules
Entrepreneur
Disturbance handler
Resource allocator
Negotiator
Manager is expected to do as highest ranking member of the organization
Interpersonal role
Example of interpersonal role
Figurehead role
Liaison role
Manager head the different positions created in the process of organizing
Figurehead rule
Manager do not associate only with their superiors and subordinates but also their first and people to the organization
Liaison role
Three skills of an effective manager to successfully perform its roles
Technical skills
Human skills
Conceptual skills
The manager must possesses technical business skills and the various areas of management in his organization like financial management production processes supply chain marketing and sales
Technical skills
The manager must also possess to the skills to interact with people most from within and outside organization
Human skills
Skills to plan strategize and think way ahead into the future given constraints an opportunities in the market conceptual skills along manager to think i in the future to build companies at lesson become the performance of the industry
Conceptual skills
Those who have legal property rights to business
Owners
A corporate board of directors is selected by the stockholders and in charge university in the general management of the firm
Board of directors
Worker who performed the day today operation
Employee
Responsible for combining and coordinating their sources of an organization
Manager
Refers as culture of the organization which is a collective behavior of human to the parts of the organization
Culture
These are individuals and companies that provide an organization with the input resources it needs to produce goods and services
Suppliers
An organization that help other organizations to sell their goods and services to customer
Distributors
Are individuals and groups that buy the goods and services of an organization
Customers
Organization that produce similar goods and services to an organization
Competitors
PEST analysis stands for
Political legal environment
Economic environment
Socio-cultural environment
Technological environment
This environment is primarily concerned with complex laws regulations and government agencies and their actions
Political legal environment
The general pattern of the economy can be viewed from three dimensions the economic system the general business cycle and economic policies.
Domain economic effect is and business organizations today are usually classified as fiscal and monetary policies
Economic environment
The way of life of the people they are made up of attitude desires expectations beliefs degree of education and customs of the people
Socio-cultural environment
This compresses the innovations and improvements and methods machines and materials
Technological environment
Is a management method whereby an organization can assess major external factors influences its operation in order to become more competitive in the markets
PEST ANALYSIS
These factors are found within the business environment and where the organization operate.
A systematic identification of this factors and strategy it reflects the best combinations of these factors
SWOT OR TOWS ANALYSIS
Stages of internal business
Outsourcing
Importing and exporting
Licensing and manufacturing
Strategic alliances
Joint ventures
Wholly owned affiliate
Engaging in the international division of labor so that manufacturing can be done and conscious with the cheapest sources of labor and supplies
Outsourcing
Is usually the first step in the rational business in which a firm gets involved
Importing and exporting
The making of a product or service in the firms domestic marketplace and selling it in another country
Exporting
Accompany may prefer to arrange for foreign company to manufacture or market its product under a licensing agreement
Licensing and manufacturing
Involve two or more firms jointly cooperate for medieval gain it involves partnership between an organization and a foreign country in which both share resources and knowledge and developing new products or building production activities
Strategic alliances
A specific type of strategic alliances and which partnership agrees to firm separate independent organization for some business purposes
Joint venture
It is estimated that one third or multinational enter foreign markets through wholly owned affiliate
Wholly owned affiliate
