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What is the definition of contingency approach to management?
An Approach that say that organisations are different face, different situation and require different ways of managing.
Explain the main consideration when choosing an approach to co-ordination?
Basic management approach Increasing coordination potential intergrating roles
What are key concepts and contributions of behavioral approach to management?
right now right now
What is expanded commercial banking or universal banking definition?
Expanded commercial banking, often referred to as universal banking, is a banking model that allows financial institutions to offer a wide range of services, including traditional banking, investment banking, insurance, and asset management. This approach enables banks to cater to diverse customer needs by providing a one-stop-shop for various financial services. Universal banks can enhance efficiency and customer convenience while potentially increasing their revenue streams through cross-selling opportunities. However, this model also raises concerns regarding risk management and regulatory oversight due to the complexity and interconnectedness of services offered.
Which approach focused mainly on the financial problems of corporate enterprise?
The approach that primarily focuses on the financial problems of corporate enterprises is the financial management approach. This approach emphasizes the planning, organizing, directing, and controlling of financial activities, including procurement and utilization of funds. It aims to optimize the firm's financial performance through effective budgeting, investment analysis, and risk management. By addressing issues like capital structure, liquidity, and profitability, financial management helps ensure the sustainability and growth of a corporation.
What are the differences between the contingency and the universal perspectives on management?
The contingency perspective on management suggests that there is no one-size-fits-all approach; instead, effective management strategies depend on the specific circumstances and context of the organization. In contrast, the universal perspective posits that certain management principles and practices can be applied universally across different organizations and situations. While the contingency approach emphasizes adaptability and situational analysis, the universal perspective focuses on identifying and applying widely accepted best practices. Ultimately, the key difference lies in the flexibility of the contingency approach versus the rigidity of the universal perspective.
Is Management Science or an art or Universal process?
management is a universal process
Characteristics of management?
management is universal
Describe the main focus and principal of scientific management state the contribution of human relations Behavior school to the development of modern management?
The Universal approach is the main principal approach meaning if its a small business or a hospital, all managements should be able to work in either business.
What is operational approach in management?
The operational approach in management, also referred to as the management process approach, focuses on and studies what the managers do.
Are management principles universal?
Yes
Definition of classical approach in management?
Classical approach to management is dated back to the Industrial Revolution. the classical approach was an approach that places reliance on such management principals as unity of command, a balance between authority and responsibility, division of labor, and delegation to establish relationships between managers and subordinates. This approach constitutes the core of the discipline of management and the process of management.
Interpersonal behavior approach in management?
enterpersonal approach
What isUEM of mobile?
Universal Energy Management.
Are the management principles universal in nature?
yes
How a classical approach to management differs from the contingency approach?
it is small
What are the advantages of a database management approach to the file approach?
laleo
