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What is the agency problem and how might it impact the goal of maximization of shareholder wealth?
The agency problem is a result of the separation between the decision makers and the owners of the firm. As a result managers may make decisions that are not in line with the goal of maximization of shareholder wealth.
Which of these managers are in charge of departments such as finance and HR that support line departments?
Which of these managers are in charge of departments such as Finance and HR? a) Line b) Project c. Top d. Operatives e. Staff
What is the difference between strategic decision administrative decision and operational decision?
Strategic decisions are made by executive level managers. Operational decisions are made by line managers. Operational decisions can change from day-to-day.
What is Delegation?
In the world of work line managers, superviosr cannot do all the work on their section themselves. Good managers/supervisors will DELEGATE tasks to people who they feel have the skills and capability to do that task. Delegation is issuing tasks to personnel and expect these tasks to be carried out.
Importance of downward communication?
Effective downward communication will help managers meet their goals. When line employees know what they are expected to do, they can work towards meeting their goals.
What are the relationship between project managers and line managers?
The relationship between project managers and line managers is that the project managers divide the work among the line managers and the line managers report to the project managers.
How many kinds of managers and their responsibilities?
Managers typically fall into several categories, including top-level managers, middle managers, and first-line managers. Top-level managers, such as CEOs and presidents, set the overall direction and strategy of the organization. Middle managers, like department heads, implement these strategies and coordinate between upper management and operational staff. First-line managers directly oversee day-to-day operations and manage employees, ensuring tasks are completed efficiently.
3 kinds of managers?
there is 3 kinds of managers... there's line managers who are constantly figuring out how to do things at the low level and do it better. There's the strategist managers: normally director level management at larger companies who are focused on the core strategy and the big picture. Then there's executive level management who are focused on outward company strategy such as how they fair against their competitors, how they plan to win shareholders hearts, etc.
What best describes the difference between line managers and staff managers?
Line managers are responsible for overseeing the day-to-day operations of a specific department or team, directly managing employees who produce goods or services. In contrast, staff managers provide specialized support and expertise to assist line managers, typically focusing on areas such as human resources, finance, or marketing. While line managers have direct authority over their teams, staff managers operate in a more advisory role, facilitating and enhancing the effectiveness of line operations.
What do you mean by first line managers?
First line managers are those directly responsible for the day to day work of a team of employees. They will report to second line managers who are responsible for the day to day work of many teams each with a first line manager.
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.
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 steps can be taken to prevent budgetary slack?
budget slack can be prevented by good alignment between budgeting process and the organization's strategy which achieved by communication and coordination between top management and line managers or strategic business units to ensure that all line managers have the same perspective about achieving the organizational goals.good implementation of budgetary control also plays a role in preventing budgetary slack.
How does task analysis help line managers?
i dont no
What is a business analyst?
A Business Intelligence Analysts helps business owners, managers, and administration analyze where the company stands in relation to its competitors. The BIA makes recommendations to help improve performance and to increase a company's bottom line.
Illustrate the HR management responsibilities of line and staff managers?
Line manager A manager who is authorized to direct the work of subordinates and is responsible for accomplishing the organization's tasks. Staff manager A manager who assists and advises line managers.
What are three basic levels of management that can be identified in most organizations?
Three basic layers of management are usually some version of front line supervisors, middle managers and executives. The front line supervisors are the direct supervisors of line staff. The managers are responsible for supervising the front line supervisors. The executives are the direct supervisors of the middle managers and also the leaders of the company.
