Podcast
Questions and Answers
What are the four basic management functions in organizations?
What are the four basic management functions in organizations?
- Planning, organizing, leading, and controlling (correct)
- Marketing, sales, production, and finance
- Researching, analyzing, strategizing, and implementing
- Hiring, training, supervising, and evaluating
What do managers need to be successful?
What do managers need to be successful?
- Time management skills, conflict resolution abilities, and decision-making skills
- Problem-solving skills, creativity, and multitasking abilities
- Technical skills, human skills, and conceptual skills (correct)
- Networking abilities, public speaking skills, and IT proficiency
What is the scope of management in organizations?
What is the scope of management in organizations?
- It is limited to supervising employees and ensuring compliance
- It only involves financial management and budgeting
- It focuses solely on marketing strategies and sales techniques
- It includes all activities required to produce goods and services (correct)
What is the nature of management?
What is the nature of management?
What are the basic managerial roles played by managers?
What are the basic managerial roles played by managers?
What does the new workplace emerging in organizations today characterize?
What does the new workplace emerging in organizations today characterize?
What inspired Reed Hastings to start Netflix?
What inspired Reed Hastings to start Netflix?
What was the initial business model of Netflix when it launched in 1998?
What was the initial business model of Netflix when it launched in 1998?
What was the primary innovation of Netflix when it launched in April 1998?
What was the primary innovation of Netflix when it launched in April 1998?
What did Netflix introduce to its customers in 1999 to shift from pay-per-rental plans to subscription plans?
What did Netflix introduce to its customers in 1999 to shift from pay-per-rental plans to subscription plans?
What does the 'queue' refer to in the context of Netflix?
What does the 'queue' refer to in the context of Netflix?
What did Reed Hastings realize about the gym's business model during his workout?
What did Reed Hastings realize about the gym's business model during his workout?
What percentage of users renewed on a paid basis after trying the no-cost subscription plan?
What percentage of users renewed on a paid basis after trying the no-cost subscription plan?
'Having unlimited due dates and no late fees' worked in a powerful way for Netflix because it emphasized:
'Having unlimited due dates and no late fees' worked in a powerful way for Netflix because it emphasized:
'Enhancing customer convenience, even when combined with cost savings,' often gives a company:
'Enhancing customer convenience, even when combined with cost savings,' often gives a company:
What did Reed Hastings realize about Blockbuster's late fee policy?
What did Reed Hastings realize about Blockbuster's late fee policy?
