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What managers should do when profit up in omnipotent view of management?
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Benefits of the Principles of Scientific Management principles to an organisation management in its management practices?
managers get indication on how to manage an organization. The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management.
Why shouldn't managers focus on the current stock value?
Managers should not focus on the current stock value because the value fluctuates daily based on market conditions, profits, management, and current economy. Managers should instead focus on the long term growth of the company.
How management should improve the organizational climate?
Management can improve the organizational culture climate by recognizing employees that demonstrate the behavior. It is important for managers to commit to changing the culture.
How organizational theory underpins the practice of management?
Organizational theory is the theory that everything has order, and nothing can be large enough to create chaos, it underpins management because managers should be able to handle anything.
Should managers and non managers be appraised from multiple prespectives?
Yes, managers and non-managers should be appraised from the top and the bottom. This will help executive managers get a better idea of how they are performing.
Benefits of the Principles of Scientific Management principles to an organisation management in its management practices?
managers get indication on how to manage an organization. The principles enable managers to decide what should be done to accomplish given tasks and to handle situations which may arise in management.
Is management culture bound?
Management should not be bound by culture. It is important that managers recognizes the culture and adapt to work within it.
What element should marketing managers consider when scanning the competitive environment?
Supply Chain Management
How would a financial manager evaluate the efficiency of the company in terms of profit?
Managers can analyze profit per hour or profit per product to determine whether they are successful. They should then compare the numbers to others in the industry.
Why shouldn't managers focus on the current stock value?
Managers should not focus on the current stock value because the value fluctuates daily based on market conditions, profits, management, and current economy. Managers should instead focus on the long term growth of the company.
How management should improve the organizational climate?
Management can improve the organizational culture climate by recognizing employees that demonstrate the behavior. It is important for managers to commit to changing the culture.
Should safety and health managers attempt to eliminate all workplace hazards why or why not?
Safety and health managers are not line managers and lack the authority to eliminate any workplace hazards. Their function is to guide, advise, and support line management. It is the line managers who should be trying to eliminate or control every workplace hazard that comes to their attention.
What are the goals of cash management for a business?
The goals of cash management should be applied to every business. Cash management ensures that a business can manage funds and maintain their operational need, business obligations, and profit goals.
How organizational theory underpins the practice of management?
Organizational theory is the theory that everything has order, and nothing can be large enough to create chaos, it underpins management because managers should be able to handle anything.
Should managers and non managers be appraised from multiple prespectives?
Yes, managers and non-managers should be appraised from the top and the bottom. This will help executive managers get a better idea of how they are performing.
Point out the characteristics of Fayol's Administrative Management?
The main characteristic of Fayol's Administrative Management was the need for planning when it came to training managers. Another characteristic is that manager's should practice the same materials they are training employees with.
What are the sign og good and poor management?
Micro management is a pretty big sign of poor management. A lot depends on the level of the manager. Are they suppose to lead people or manage people? Leaders should have different qualities than managers, for example leaders should inspire and work with the team and set a good example or at least be working for their team to make sure they succeed. Managers are looking more at the direction of the company and how their department or teams should go to achieve those organizational goals.
