Podcast
Questions and Answers
How does the contemporary approach to management differ from the traditional focus?
How does the contemporary approach to management differ from the traditional focus?
- Minimizes stakeholder relationship management.
- Discourages technology integration.
- Emphasizes rigid structures and hierarchical control.
- Prioritizes global competence and emotional intelligence. (correct)
Which element is a key contribution of administrative management theory?
Which element is a key contribution of administrative management theory?
- Focusing solely on individual interests.
- Ignoring the importance of human factors.
- Centralizing all decision-making processes.
- Implementing a systematic approach to organizational structure. (correct)
In the context of Nepalese business, what presents a significant challenge to entrepreneurs?
In the context of Nepalese business, what presents a significant challenge to entrepreneurs?
- High economic stability.
- Abundant technological infrastructure.
- Limited access to foreign direct investment. (correct)
- Extensive access to global markets.
How does Frederick Winslow Taylor's approach to management contrast with the modern social responsibility perspective?
How does Frederick Winslow Taylor's approach to management contrast with the modern social responsibility perspective?
Which of the following is a characteristic of strategic planning?
Which of the following is a characteristic of strategic planning?
In what primary way does a team differ from a group?
In what primary way does a team differ from a group?
What is the primary goal of preliminary (feed-forward) control?
What is the primary goal of preliminary (feed-forward) control?
Which aspect of management has become more emphasized in the contemporary approach compared to traditional methods?
Which aspect of management has become more emphasized in the contemporary approach compared to traditional methods?
What principle of management, developed under the administrative management theory, focuses on ensuring each employee reports to only one manager?
What principle of management, developed under the administrative management theory, focuses on ensuring each employee reports to only one manager?
Which challenge is particularly relevant to entrepreneurship development in the Nepalese business context?
Which challenge is particularly relevant to entrepreneurship development in the Nepalese business context?
How does modern social responsibility broaden the scope of organizational considerations compared to Frederick Winslow Taylor's scientific management?
How does modern social responsibility broaden the scope of organizational considerations compared to Frederick Winslow Taylor's scientific management?
How do tactical plans relate to strategic plans within an organization?
How do tactical plans relate to strategic plans within an organization?
Which of the following characteristics clearly defines a 'team' as opposed to a general 'group'?
Which of the following characteristics clearly defines a 'team' as opposed to a general 'group'?
What is the immediate purpose of concurrent control?
What is the immediate purpose of concurrent control?
Which aspect characterizes the changing role of modern managers?
Which aspect characterizes the changing role of modern managers?
Which of the following is a developed principle of management as a contribution of Administrative Management Theory?
Which of the following is a developed principle of management as a contribution of Administrative Management Theory?
Which of the following is an emerging issue and challenge specific to Nepalese business?
Which of the following is an emerging issue and challenge specific to Nepalese business?
Which statement best highlights the contrast between Taylor's scientific management and the modern social responsibility perspective?
Which statement best highlights the contrast between Taylor's scientific management and the modern social responsibility perspective?
What is the typical focus of tactical planning within an organization?
What is the typical focus of tactical planning within an organization?
What distinguishes a high-performing team from a general work group?
What distinguishes a high-performing team from a general work group?
Flashcards
What is Management?
What is Management?
Dynamic process of effectively utilizing organizational resources to achieve strategic objectives.
Administrative Management Theory
Administrative Management Theory
Systematic approach to organizational structure and developed key management principles.
Challenges in Nepalese Business
Challenges in Nepalese Business
Economic volatility, limited infrastructure, regulatory issues, skills gap, market access, and adaptation to digital transformation.
Taylor's Scientific Management
Taylor's Scientific Management
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Social Responsibility Perspective
Social Responsibility Perspective
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Strategic Planning
Strategic Planning
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Tactical Planning
Tactical Planning
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Operational Planning
Operational Planning
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Group
Group
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Team
Team
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Preliminary (Feed-forward) Control
Preliminary (Feed-forward) Control
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Concurrent Control
Concurrent Control
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Feedback Control
Feedback Control
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Study Notes
Management and the Changing Role of Managers
- Management is a dynamic process of using organizational resources effectively to achieve strategic objectives
- Traditional management focused on hierarchical control and rigid structures
- Modern managers need to be agile, technologically savvy, and able to navigate complex environments
Contemporary Management Approach
- Adaptive leadership is key
- Emphasis is placed on emotional intelligence
- Global and cross-cultural competence is important
- Technology integration is essential
- Change management is a focus
- Stakeholder relationship management is a priority
Contributions of Administrative Management Theory
- A systematic approach to organizational structure resulted from this theory
- It introduced scientific methods to management
- It emphasized the human factor in organizational efficiency
- Served as a foundational framework for modern management practices
Principles of Management Developed
- Division of work is important
- Authority and responsibility must be defined
- Discipline is necessary
- There must be a unity of command and direction
- Subordination of individual interests is required
- Remuneration needs to be addressed
- Centralization must be considered
- The scalar chain should be followed
- Order is essential
- Equity needs to be ensured
- Stability of tenure is valuable
- Initiative should be encouraged
- Esprit de corps, or team spirit, is beneficial
Emerging Issues and Challenges in Nepalese Business
- Economic volatility affects businesses
- There is limited technological infrastructure
- Regulatory complexities create problems
- There is a skill gap in the workforce
- Access to global markets is limited
- Political instability is a concern
- There is insufficient foreign direct investment
- Challenges in entrepreneurship development exist
- There is a need for sustainable business models
- Adaptation to digital transformation is required
Frederick Winslow Taylor's Doctrine vs Social Responsibility
- Taylor's Scientific Management focused on efficiency, a mechanistic view of workers, and productivity through standardization
- Social Responsibility emphasizes a holistic approach to organizational impact, stakeholder welfare consideration, and ethical and sustainable practices
- Taylor emphasized operational efficiency, modern social responsibility emphasizes broader societal and environmental considerations
Levels of Planning
- Strategic Planning: Long-term, organization-wide; defines mission, vision, direction; developed by top management
- Tactical Planning: Medium-term; translates strategic plans into departmental goals; developed by middle management
- Operational Planning: Short-term, task-oriented; detailed action steps; implemented by first-line managers
Difference Between Group and Team
- Group: A loose collection of individuals, lacks cohesive goals, limited interdependence, individual accountability
- Team: Highly interdependent members, shared goals and mutual accountability, complementary skills, collaborative problem-solving, high synergy and performance
Control and Its Types
- Preliminary (Feed-forward) Control: Preventive measures, risk mitigation before process initiation
- Concurrent Control: Real-time monitoring, immediate corrective actions
- Feedback Control: Post-event evaluation, learning/improvement-oriented, identifies systemic issues for future prevention
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