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What is a project list?
A project list identifies potential projects that may interest an organization. Managers analyze each project to determine which project complements the organization's strategy.
How Decision Support Systems can help a company in pricing and profitability?
Decision support systems help managers analyze information within the organization. Based on this information, managers can make better decisions about pricing and profitability.
Describe how to classify managers in organization?
Managers coordinate and oversee the work of employees within the organization and help accomplish the organizational goals. Top Managers are responsible for making decisions about the entire organization. Middle Managers manage the work of the first-line managers. First-line managers are the ones who manage the work of the non-managerial employees.
What are the Advantages of system approach to management?
It forces managers to view their organization as part of a whole. It encourages managers to focus on better communication and cooperation within the organization. It makes managers acutely aware that good internal management of the organization may not be enough to ensure survival. It forces managers to be aware of how the environment affects specific parts of the organization.
How organization necessities require that younger managers supervise older managers?
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Roles of managers in strategic management?
Organization.
Managers basic responsibility?
The basic responsibility of managers is to ensure that their respective departments are working properly. Managers will be responsible for the running of the organization.
Who was an early project management software product that helped managers analyze complex schedules for designing aircraft?
Artemis was an early project management software product that helped managers analyze complex schedules for designing aircraft!
Why managers are important to an organisation?
An organization is a systematic arrangement of people to accomplish some specific purpose. Managers are important to an organization's success because they direct and coordinate activities so the organization can reach its goals.
What does strategic managers focus on?
Strategic managers focus on long-term planning and the overall direction of an organization. They analyze market trends, competitive landscapes, and internal capabilities to formulate strategies that drive growth and sustainability. Their role includes making decisions that align resources with the organization’s vision and ensuring adaptability to changing environments. Ultimately, they aim to create value and achieve a competitive advantage in the marketplace.
Why managers are important to organizations?
So that the organization has order.
Why top managers need conceptual skills?
Top managers need conceptual skills to effectively understand and analyze complex organizational situations and interrelationships. These skills enable them to develop strategic visions, make informed decisions, and foresee the impact of changes on the organization. By integrating various perspectives and insights, they can drive innovation and navigate challenges, ensuring long-term success. Ultimately, strong conceptual skills help top managers align resources and goals with the overall mission of the organization.
