Business Management - Managers in the Workplace
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Questions and Answers

Define a manager.

Someone who coordinates and oversees the work of other people so that organizational goals can be accomplished.

What are the three levels of managers in an organization?

  • Supervisors, Team Leaders, Directors
  • Entry-level Managers, Mid-level Managers, Senior Managers
  • Executive Managers, Operational Managers, Strategic Managers
  • First-line Managers, Middle Managers, Top Managers (correct)
  • What are the four functions of management?

  • Planning, Organizing, Leading, Controlling (correct)
  • Directing, Implementing, Evaluating, Monitoring
  • Designing, Developing, Deploying, Managing
  • Conceptualizing, Strategizing, Executing, Analyzing
  • What is the difference between efficiency and effectiveness in management?

    <p>Efficiency is about 'doing things right,' meaning getting the most output for the least input. Effectiveness is about 'doing the right things,' meaning attaining organizational goals.</p> Signup and view all the answers

    Mintzberg's Managerial Roles focus on a skills-based approach to management.

    <p>False</p> Signup and view all the answers

    Which of the following are considered interpersonal roles in Mintzberg's model?

    <p>Figurehead, Leader, Liaison</p> Signup and view all the answers

    Which of the following are considered informational roles in Mintzberg's model?

    <p>Monitor, Disseminator, Spokesperson</p> Signup and view all the answers

    Which of the following are considered decisional roles in Mintzberg's model?

    <p>Entrepreneur, Disturbance Handler, Resource Allocator</p> Signup and view all the answers

    What are the three essential managerial skills according to Katz?

    <p>Technical, Human, Conceptual</p> Signup and view all the answers

    According to Katz, technical skills are more important for top-level managers than for lower-level managers.

    <p>False</p> Signup and view all the answers

    Explain why customer service and innovation are essential for success in today's business environment.

    <p>Customer service is key because it builds loyalty and satisfaction, ultimately driving repeat business and positive word-of-mouth. Innovation helps organizations stay ahead of the competition by developing new products, services, or processes that meet changing customer needs and market trends.</p> Signup and view all the answers

    The concept of an organization has been static and unchanging over time.

    <p>False</p> Signup and view all the answers

    What are three benefits of studying management?

    <p>It provides a universal understanding that is applicable to all organizations regardless of size or industry. It offers insights into the realities of work, as everyone either manages or is managed. And it identifies the rewards and challenges of being a manager, helping individuals make informed career choices.</p> Signup and view all the answers

    Which of the following is NOT a challenge for management in a global environment?

    <p>Promoting Nationalistic Sentiment</p> Signup and view all the answers

    What is competitive advantage?

    <p>The ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than its competitors.</p> Signup and view all the answers

    What are the building blocks of competitive advantage?

    <p>Efficiency, Innovation, Responsiveness to customers, Quality</p> Signup and view all the answers

    Explain why managing a diverse workforce can be challenging.

    <p>It requires managers to navigate cultural differences, ensuring fairness and equal opportunities for all employees while promoting inclusion and respect for diversity.</p> Signup and view all the answers

    Which of the following is NOT a principle of Fayol's 14 Principles of Management?

    <p>Leadership</p> Signup and view all the answers

    According to Fayol, stability of tenure of personnel is a key principle for efficient management.

    <p>True</p> Signup and view all the answers

    Study Notes

    Business Management - Managers in the Workplace

    • Hamidul Islam [Hamid] is the Senior Assistant Professor for the Department of Marketing at the Faculty of Business Administration, AIUB.
    • The learning outline for the chapter includes defining managers, describing how managers differ from non-managerial employees, and classifying and defining management.
    • The outline also covers the four functions of management, Mintzberg's managerial roles, and Katz's essential skills, how their importance changes with managerial level, and the factors impacting managers' roles.

    Learning Outline (Who Are Managers?)

    • Managers coordinate and oversee the work of others to achieve organizational goals.
    • Managers are categorized as first-line managers, middle managers, and top managers.
    • First-line managers oversee non-managerial employees.
    • Middle managers manage the work of first-line managers.
    • Top managers are responsible for organization-wide decisions and plans.

    What Is Management?

    • Management focuses on efficiency and effectiveness.
    • Efficiency refers to maximizing output with minimum input.
    • Effectiveness refers to achieving organizational goals.
    • Efficiency and effectiveness are important for managerial success.

    What Do Managers Do?

    • Management involves four functions: planning, organizing, leading, and controlling.
    • Planning involves setting goals and strategies.
    • Organizing involves structuring work to reach goals.
    • Leading motivates and directs people.
    • Controlling involves monitoring and correcting work.
    • Mintzberg's model details managerial roles.

    Mintzberg's Managerial Roles

    • Interpersonal roles involve people and ceremonial duties (figurehead, leader, liaison).
    • Informational roles involve collecting and disseminating information (monitor, disseminator, spokesperson).
    • Decisional roles involve making decisions or choices (entrepreneur, disturbance handler, resource allocator, negotiator).

    Management Skills

    • Technical skills are knowledge and proficiency in a specific field.
    • Human skills involve working well with others.
    • Conceptual skills involve thinking about abstract and complex situations.
    • The importance of skills varies at different management levels.

    What Is An Organization?

    • An organization is a deliberate grouping of people to accomplish a specific purpose.
    • Organizations have a distinct purpose, composed of people, and have a deliberate structure.

    The Changing Organization

    • Traditional organizations are stable, inflexible, and job-focused, while contemporary organizations are dynamic, flexible, and skills-focused.
    • Traditional organizations have a hierarchical structure, whereas contemporary organizations are more lateral and networked.

    Why Study Management?

    • Management is universal; all organizations need good management.
    • Employees either manage or are managed.
    • Management is challenging, exciting and offers creative opportunities, resulting in monetary rewards.

    Challenges for Management in a Global Environment

    • The rise of global organizations creates new challenges.
    • Maintaining a competitive advantage requires innovation and efficiency.
    • Managing a diverse workforce and ethical standards are crucial.
    • Global crisis management is another growing concern.

    Building Competitive Advantage

    • Competitive advantage is when an organization outperforms other organizations by producing goods and services more effectively and efficiently and satisfying customers.
    • It comes from a combination of efficiency, quality, innovation, and responsiveness to customers.
    • Increasing efficiency reduces resources and innovation builds on better ways of producing.
    • Quality improves workforce skills and total quality management can help with this.

    Maintaining Ethical and Socially Responsible Standards

    • Managers face pressure to use resources efficiently, which can lead to unethical or illegal behavior.

    Managing a Diverse Workforce

    • Creating a highly trained and motivated workforce necessitates the establishment of fair, legal HRM procedures avoiding discrimination.

    Global Crisis Management

    • Global crises include natural disasters, man-made events, international terrorism and geopolitical conflicts.

    Fayol's 14 Principles of Management

    • Division of work, authority, discipline, unity of command, unity of direction, subordination of individual interests.
    • Centralization, scalar chain, order, equity, stability, initiative, and esprit de corps are additional key principles.

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    Description

    This quiz explores the role of managers within the workplace and their differences from non-managerial employees. It covers the classification of management levels, essential managerial skills, and Mintzberg's managerial roles. Test your understanding of the four functions of management and the factors affecting managers' roles.

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