Podcast
Questions and Answers
Which of the following best describes the primary goal of management?
Which of the following best describes the primary goal of management?
- To get things done through others. (correct)
- To maximize resource expenditure.
- To minimize employee satisfaction.
- To avoid setting objectives.
Management primarily focuses on independent actions rather than collaborative efforts.
Management primarily focuses on independent actions rather than collaborative efforts.
False (B)
Name three of the five basic activities that constitute the management process.
Name three of the five basic activities that constitute the management process.
Planning, organizing, and leading
The process of deciding what to do in the future to achieve set goals is known as __________.
The process of deciding what to do in the future to achieve set goals is known as __________.
Match the function of management with its description:
Match the function of management with its description:
Which management function involves recruitment, selection, and training of employees?
Which management function involves recruitment, selection, and training of employees?
Controlling, as a management function, only involves identifying mistakes and assigning blame.
Controlling, as a management function, only involves identifying mistakes and assigning blame.
What is the primary purpose of the controlling function in management?
What is the primary purpose of the controlling function in management?
__________ is the process of identifying and grouping activities, assigning responsibilities, and coordinating efforts.
__________ is the process of identifying and grouping activities, assigning responsibilities, and coordinating efforts.
In which aspect of management is the 'art of arts' MOST applicable?
In which aspect of management is the 'art of arts' MOST applicable?
The scientific approach to management relies mostly on intuition and creativity.
The scientific approach to management relies mostly on intuition and creativity.
How does having both art and science benefit management?
How does having both art and science benefit management?
To implement solutions methodically, management applies __________ from the science aspect.
To implement solutions methodically, management applies __________ from the science aspect.
How does effectiveness differ from efficiency in management?
How does effectiveness differ from efficiency in management?
Efficiency in management always guarantees effectiveness.
Efficiency in management always guarantees effectiveness.
Explain in what terms 'doing things right' is considered 'being effective'.
Explain in what terms 'doing things right' is considered 'being effective'.
The strategy of cutting costs by using the least amount of resources while getting an objective done is known as __________.
The strategy of cutting costs by using the least amount of resources while getting an objective done is known as __________.
Match the component of management with its aim:
Match the component of management with its aim:
What is a real-world example of Effectiveness vs. Efficiency?
What is a real-world example of Effectiveness vs. Efficiency?
An example of efficieny over effectiveness is purchasing a car that has poor gas milage.
An example of efficieny over effectiveness is purchasing a car that has poor gas milage.
Flashcards
Management
Management
The process of getting things done through others with basic activities like planning, organizing, leading, staffing, and controlling to achieve desired goals and objectives.
Science (in Management)
Science (in Management)
A systematic body of knowledge pertaining to an area of study that contains general truths explaining past events or phenomena.
Art (in Management)
Art (in Management)
The way of doing specific things, indicating how an objective is to be achieved through cultivated skills.
Effectiveness
Effectiveness
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Efficiency
Efficiency
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Planning
Planning
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Organizing
Organizing
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Leading
Leading
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Staffing
Staffing
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Controlling
Controlling
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Study Notes
Nature and Concept of Management
- Business Management & Organization are key components
Management definition
- The process of getting things done through others with the help of basic activities.
- These activities include planning, organizing, leading/directing, staffing, and controlling.
- Used to achieve desired goals and objectives.
- Management is the foundation for every organization.
Management as a Science
- Management is systematic body of knowledge pertaining to an area of study
- Contains general truths explaining past events or phenomena.
Management as an Art
- Management is "the way of doing specific things," indicating how an objective is achieved.
- Management, like any operational activity, has to be an art.
- Most managerial acts are cultivated as arts to attain mastery, secure action, and results.
- Managing organizes and uses human talent.
Science vs Art of Management
- Science includes concepts, methods and principles, theories, organized knowledge, practice.
- Art includes practical knowledge, personal skill, creativity, perfection through practice, goal-oriented.
- Management is a science as it has an organized body of knowledge containing universal truths.
- Management is an art because it requires skills which are personal possessions of managers.
Effectiveness vs. Efficiency
- Effectiveness is achieving an objective, "doing things right."
- Efficiency involves using the minimum amount of resources to achieve an objective, "doing right things."
- Taking the bus is an effective way to get to work, but driving your car is more efficient, saving you time and energy.
Functions of Management
- Planning is the first and foremost important function, deciding what to do in the future to achieve set goals.
- Organizing involves identifying, subdividing, grouping, assigning, and coordinating activities, and providing authority.
- Leading involves communication with and influencing subordinates towards organizational goals.
- Staffing includes recruitment, selection, assignment, training, and development of human resources.
- Controlling monitors performance and undertaking corrective actions.
- Controlling ensures the attainment of predetermined goals and objectives.
Next topic
- Evolution of management theories.
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