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Questions and Answers
What is the primary task of a manager in achieving productivity?
What is the primary task of a manager in achieving productivity?
- Focus solely on financial targets
- Secure productive performance through various functions (correct)
- Reduce the number of employees
- Outsource tasks to third parties
What distinguishes the effectiveness of management from its efficiency?
What distinguishes the effectiveness of management from its efficiency?
- Effectiveness is linked to organizational structure, while efficiency concerns output quality
- Effectiveness is solely based on employee satisfaction, efficiency on revenue generation
- Effectiveness relates to the use of resources, while efficiency focuses on management skills
- Effectiveness deals with achieving objectives, while efficiency is about minimizing costs (correct)
Which aspect is crucial for effective management in terms of people?
Which aspect is crucial for effective management in terms of people?
- Ensuring strict oversight without collaboration
- Selecting the best people and working harmoniously with them (correct)
- Implementing rigid management policies
- Focusing solely on individual performance metrics
How is management described in terms of process?
How is management described in terms of process?
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What does being goal-oriented imply in management?
What does being goal-oriented imply in management?
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Study Notes
Characteristics of Management
- Aims to achieve targets economically and effectively.
- Primary task involves securing productive performance through planning, organizing, directing, and controlling resources.
- Focuses on maximizing profits by rationally utilizing available resources to meet desired results.
Objective-Oriented Nature
- Acts as an endeavor to accomplish predetermined objectives.
- Involves coordinating and directing activities within the organization to reach specific goals.
Efficiency and Effectiveness
- Management is both goal-oriented and output-oriented, emphasizing purposeful activity.
- Effectiveness relates to achieving an organization's objectives, while efficiency pertains to producing outputs with minimal cost or effort.
People-Centric Approach
- Relies on skill and experience to get tasks done through people.
- Organizational objectives cannot be met without teamwork and collaboration among individuals.
- Selecting and working effectively with the right personnel is crucial for managerial success.
Process and Methodology
- Management is a sequential process comprising logical steps and methodologies.
- The management process initiates from formulating desired objectives to the actual achievement of those objectives.
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