managing in organizations

Question 1

What is management?

Answer 1

The process of coordinating work activities to perform efficiently and effectively, using resources and achieving objectives

Question 2

What is value in management?

Answer 2

The subjective benefit derived from achieving organizational goals.

Question 3

What are the two types of organizations?

Answer 3

• Profit organizations (focused on profit creation).
• Non-profit organizations (focused on providing value without profit).

Question 4

What is the role of a manager?

Answer 4

To get things done with the aid of people and other resources.

Question 5

What are the three levels of managers?

Answer 5

1. Top managers: Responsible for the entire organization.
2. Middle managers: Supervise lower managers.
3. Bottom-line managers: Supervise operating employees.

Question 6

What are the two main objectives of management?

Answer 6

1. Efficiency: Doing things right (maximizing productivity).
2. Effectiveness: Doing the right things (achieving goals).