Management > EXAM > Principles of Management-Exam / 100% Verified Answers (All)
Principles of Management-Exam / 100% Verified Answers
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Types and levels of management Top level managers-CEO, president, vice-president Middle-sales managers, branch managers, department head. First line managers-Team or crew leaders, supervisor, offi... ce manager, head nurse, etc. Types of managers General managers, Functional managers, and Project managers. 4 functions of management Planning, Organizing, Leading, Controlling 3 management roles: Interpersonal, informational, and decisional Difference between efficient/effective management approaches Clear cut goals Defining management resources: human, financial, physical, informational Human-Human capital, and are thought of as the organizations most valuable asset. Financial-Most managers have a budget of he amount of money it should cost to operate their division/department. Physical-Managers are responsible for making the products and services and keeping equipment in working condition and ensuring that necessary supplies and materials are on hand when needed. Informational-Need information to set objectives and make decisions on how to use your resources to attain objectives. Information should be based on knowledge, and information should flow freely throughout the organization. Management skills: decision making, technical, human relations/interpersonal Decision making-Based on the ability to conceptualize situations and select alternatives to solve problems and take advantage of opportunities. Technical skills-Involve the ability to use methods and techniques to perform tasks Human relations/interpersonal-Involve the ability to understand, communicate, and work well with individuals and groups through developing effective relationships Difference among scientific and behavioral management approaches-main theorists Scientific is focused on the job and management functions to determine the best way to manage in all organizations. Behavioral is focused on the people in order to determine the best way to manage in all organizations [Show More]
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