Podcast
Questions and Answers
What does management refer to?
What does management refer to?
- Hiring staff only
- The organization and coordination of work (correct)
- Creating advertising campaigns
- Setting financial goals
Who is a front-line supervisor?
Who is a front-line supervisor?
A person who practices management by working with and through people to accomplish organizational goals.
How did Mary Parker Follet define management?
How did Mary Parker Follet define management?
The art of getting things done through people.
According to research, what percentage of variance in a team's engagement can managers account for?
According to research, what percentage of variance in a team's engagement can managers account for?
What does successful management impose?
What does successful management impose?
What is management the act of?
What is management the act of?
What does management comprise?
What does management comprise?
What is an organization chart?
What is an organization chart?
What is systems thinking?
What is systems thinking?
In for-profit work, what is the primary function of management?
In for-profit work, what is the primary function of management?
Who is a shareholder?
Who is a shareholder?
What does 'theoretical' refer to?
What does 'theoretical' refer to?
Who are stakeholders?
Who are stakeholders?
What is one of the most important duties for a manager?
What is one of the most important duties for a manager?
What does the duty of management involve?
What does the duty of management involve?
How can management be defined when considering organizations as systems?
How can management be defined when considering organizations as systems?
In what way can management be considered?
In what way can management be considered?
What are the six functions of management according to Henri Fayol, 1841-1925?
What are the six functions of management according to Henri Fayol, 1841-1925?
What is another perspective on management?
What is another perspective on management?
What must every organization do to maximize effectiveness?
What must every organization do to maximize effectiveness?
What is the role of management in the for-profit environment?
What is the role of management in the for-profit environment?
What does creating valued products at a reasonable cost involve?
What does creating valued products at a reasonable cost involve?
Study Notes
Management Overview
- Management involves organizing and coordinating work to achieve desired results.
- Engaging with an organization's human talent and resources is essential to meet goals and objectives.
- Successful management balances order, discipline, and autonomy in the workplace.
Key Definitions
- A front-line supervisor achieves organizational goals by managing through people.
- Mary Parker Follett (1868-1933) characterized management as "the art of getting things done through people."
- Management consists of planning, organizing, staffing, leading/directing, and controlling within an organization.
Functions of Management
- Henri Fayol (1841-1925) identified six functions of management: forecasting, planning, organizing, commanding, coordinating, and controlling.
- Effective management measures financial metrics, adapts strategic plans, and achieves organizational objectives.
Organizational Structure
- An organization chart visually represents reporting relationships, position titles, and holders.
- Systems thinking understands how individual parts influence the whole within organizational systems.
Stakeholders and Shareholders
- Stakeholders encompass individuals or entities directly affected by an organization's actions, holding legitimate interests.
- Shareholders are the true owners of publicly traded companies, owning stock and being influenced by management decisions.
Management in Different Contexts
- In for-profit businesses, management primarily serves the needs of stakeholders like customers, creditors, and owners.
- Management practices apply across various sectors, including non-profits and public administration, contrary to the restricted view that limits it to commerce.
Resource Management
- One of the key responsibilities of managers is to effectively use human capital and allocate financial, technological, and natural resources.
- Organizations must manage work, people, processes, and technology effectively to maximize productivity and achieve objectives.
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Description
This quiz consists of key flashcards that define important management concepts, including the role of a front-line supervisor and insights from Mary Parker Follett. Ideal for students or professionals looking to strengthen their understanding of management principles.
