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Foundations of Management Theory and Practice
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Foundations of Management Theory and Practice
Foundations of Management Theory and Practice
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1
Question
What is the origin of the word 'management' (Italian root and meaning)
Answer
From maneggiare; to handle
2
Question
What are the two primary English definitions of management cited (Fayol and Follett)
Answer
Art of getting things done through people; forecast/planning, organize, command, coordinate, control
3
Question
List the three basic resources typically included in organizational resources
Answer
Employees; Equipment; Money
4
Question
Name three essential management competencies listed
Answer
Make good decisions; Communicate well; Plan (also delegate, train, motivate, appraise)
5
Question
What phrase emphasizes mastery of management for organizational success
Answer
Mastery of management is vital to organizational success
6
Question
What Kreitner (2010) definition emphasizes in a changing environment
Answer
Working with and through others to achieve organizational objectives in a changing environment
7
Question
List Kreitner’s five components of management definition
Answer
Working with and through others; Achieving objectives; Balancing effectiveness and efficiency; Making the most of limited resources; Coping with a changing environment
8
Question
What is meant by 'changing environment' in Kreitner’s definition?
Answer
Successful managers anticipate and adjust to change
9
Question
What is an 'organizational objective' in this material?
Answer
A target to strive for and attain; requires collective action
10
Question
Explain the balance between efficiency and effectiveness in management
Answer
Efficiency: doing things right; Effectiveness: doing the right things
11
Question
What does efficiency focus on in management?
Answer
Inputs vs outputs; minimizing resource costs
12
Question
What does effectiveness focus on in management?
Answer
Attainment of organizational goals
13
Question
Define 'balancing efficiency and effectiveness' in one sentence
Answer
Use resources wisely to achieve the right goals
14
Question
Why is scarcity central to management, per the material?
Answer
Managers must allocate limited resources (land, labor, capital)
15
Question
How is management likened to 'applied economics' in the notes?
Answer
Using scarce resources efficiently and effectively to achieve goals
16
Question
What characterizes management as an 'art'
Answer
Practical application of knowledge; skills and techniques to achieve results
17
Question
What characterizes management as a 'science'
Answer
A body of systematic knowledge, laws and standards
18
Question
What is the relationship between managing as practice and organized knowledge
Answer
Practice is art; organized knowledge is science
19
Question
How many main functions of a manager are listed, and what are they?
Answer
Five: Planning; Organizing; Staffing; Leading; Controlling
20
Question
What does the planning function involve?
Answer
Plotting action plans to achieve predetermined goals
21
Question
What does the organizing function entail?
Answer
Bring together resources; develop productive relationships
22
Question
What is the purpose of staffing in management?
Answer
Place the right people on the right jobs; manpower planning
23
Question
What does leading involve in management?
Answer
Supervising, guiding, motivating subordinates
24
Question
What does controlling involve in management?
Answer
Measurement and correction to achieve objectives
25
Question
Name the three roles in management's interpersonal category
Answer
Figurehead; Leader; Liaison
26
Question
What is the 'monitor role' in informational management roles?
Answer
Observe activities outside manager's office
27
Question
What is the 'disseminator role' in informational management roles?
Answer
Transmit information to other parts of the organization
28
Question
What is the 'spokesperson role' in informational management roles?
Answer
Represent and speak for the unit
29
Question
Name the four sub-roles in decisional management roles
Answer
Entrepreneur; Problem solver; Resource allocator; Negotiator
30
Question
What are the three management skills listed?
Answer
Conceptual; Technical; Human