U3 Ch.5 Management

Question 1

Management

Answer 1

getting people to work together for a common organisational goal using managerial skills and activities

Question 2

Management skills

Answer 2

1. Leading
2. Motivating
3. Communicating

Question 3

Management activities

Answer 3

1. Planning
2. Organising
   3, Controlling

Question 4

Leading

Answer 4

encouraging people to work towards a specific goal by choosing a leadership style

Question 5

Motivating

Answer 5

Finding out what motivates employees and using this to get them and implementing these in the workplace

Question 6

Communicating

Answer 6

Ability to exchange information effectively with stakeholders

Question 7

Planning

Answer 7

Identify business goals and breaking them down into more manageable tasks with plans to achieve them

Question 8

Organising

Answer 8

Identify roles to be performed by staff and putting in place an organisational structure

Question 9

Controlling

Answer 9

building control mechanisms into the business so necessary action can be taken to achieve business goals

Question 10

Manager Characteristics

Answer 10

1. Problem Solving
2. Flexibility
3. Charisma
4. Hard-working
5. Initiative

Question 11

Enterprise vs. Management

Answer 11

1. Idea Generation: Enterpreneur comes up with ideas to fill gap whereas manager implements the ideas
2. Risk-taking: Entrepreneur takes personal and financial risk while manager has less risks as they can get a job in another business if it fails
3. Running: Entrepreneur is focused on big tasks like raising finance and recruiting employees. Manager does day-to-day running and delegates tasks
4. Control: Entrepreneur has full control. Manager must get entrepreneur’s approval and report to them regularly