12 Questions
Which management theorist focused on reducing wasted time by analyzing worker interactions with machines?
Frederick Taylor
According to Mary Follett, what is a key factor in increasing productivity?
Involving employees in decision-making
Who proposed the concept of inventory planning where parts are delivered just at the time they are needed, thus eliminating large stockpiles of inventory?
Taiichi Ohno
Which management theorist identified the 14 principles of management that are widely recognized in the field of management?
Henri Fayol
'Lean manufacturing' focuses on reducing times within production systems and eliminating waste. Who is associated with this approach?
Taiichi Ohno
'Maslow Hierarchy,' which organizes human needs in a hierarchy from basic to self-actualization, is primarily related to:
Human Relations Management
What are the two drivers of the financial value of a business discussed in the text?
Profitability and growth
What does the 'Right Work' for managers include?
Creating Vision, Mission, Goals, and Strategies
Who is credited with the concept of Specialization of Labor mentioned in the text?
Adam Smith
In what period was Systematic Management identified according to the text?
Early Industrial Revolution
What aspect of management involves human resources practices like hiring, training, and motivating employees?
Engaging employees
Which key managerial skill is NOT mentioned in the text as essential for managers?
Empathy
This quiz covers the two key drivers of financial value in a business - profitability and growth, and the role of management in achieving the 'Right Work, Done Well'. Topics include creating vision, mission, goals, strategies, core values, and ethical business practices.
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