unit 1 Flashcards
What are the four central management functions abbreviated as POLC?
Planning, Organising, Leading, Controlling
What is the purpose of planning in management?
Determining which goals and courses of action the organisation and departments should pursue
What does organising involve in the management process?
Structuring and arranging work, resources, departments, and the overall organisation
What is the role of leading in management?
Influencing employees to ensure motivation aligned with overall goals
What does controlling mean in the context of management?
Narrowing the gap between planned and actual achievements
Fill in the blank: The core management process consists of _______.
[Planning, Organising, Leading, Controlling]
True or False: The management process does not require interaction with the environment.
False
What resources does management act on to achieve goals?
Human, Financial, Physical, Informational
What is the significance of performance in management?
Achieving goals, products, services, productivity, profit
What are the key variables that management interacts with?
The organisation, the environment, resources
What is depicted in Figure 1.1 of the text?
The Nature of Management
What are the four functions of management?
Planning, Organising, Leading, Controlling
These functions guide managers in effectively overseeing their teams and achieving organizational goals.
What two environments impact an organization?
Market environment and macro-environment
The market environment includes suppliers, consumers, and competitors, while the macro-environment encompasses technological, economic, social, political, and international factors.
What is the definition of management according to the literature?
The process of planning, organising, leading, and controlling the resources of the organisation
This definition emphasizes the systematic approach to achieving organizational goals.
Fill in the blank: Management is the process of getting things done through the efforts of _______.
other people
This highlights the collaborative nature of management in achieving objectives.
What do Management Schools of Thought provide?
Frameworks that provide fundamental principles for effective management decisions
These theories guide managers and students in understanding management practices.
True or False: The organization’s environment includes only internal factors.
False
The organization’s environment includes both external and internal factors that affect management.
According to Jones & George (2022), what is included in the process of management?
Planning, organising, leading, controlling work of organizational members
This definition underscores the importance of utilizing all available resources.
What are the components of the macro-environment affecting organizations?
Technological, Economic, Social, Political, International
These components play a crucial role in shaping management practices and organizational strategies.
What are the essential components included in a definition of management?
Involves a process in which work is achieved through the efforts of other employees, management functions of planning, organizing, leading, and controlling are executed, organizational resources are utilized to achieve the organization’s goals efficiently and effectively.
What are the four basic resources of a municipality that its management can utilize?
- Funding from government allocation
- Rates
- Taxes
- Employees
What are the three levels of management within an organization?
- Top Management
- Middle Management
- Lower / First-Line / Supervisory Management
True or False: The three levels of management are distinguished according to level of responsibility, main functions, time orientation, and positions held.
True