A system of resource management in which the government supports and regulates enterprises is known as a mixed economy. In this system, the government intervenes to promote economic stability, protect consumer rights, and ensure fair competition while allowing private enterprises to operate. Regulations may involve setting standards for industries, providing subsidies, and implementing policies that shape market conditions. This approach aims to balance the benefits of free-market capitalism with the need for social welfare and economic equity.
participatory management
No. Strategic decisions are usually made at a very high level of management.
Corporate management decisions are influenced by the desire to keep stockholders happy.
Making decisions that help make business more efficient are part of production and operations management. Other characteristics include conscientious and tactical decisions.
Autocratic management
freemarket
Paul E. Fenlon has written: 'Cases in financial management' -- subject(s): Business enterprises, Case studies, Finance 'Financial management decisions' 'Investment decisions: a casebook' -- subject(s): Case studies, Investments
There are many factors according to which administration can be distinguished from management. These are as follows:Administration: It is concerned about the determination of objectives and major policies of an organization. Management: It puts into action the policies and plans laid down by the administration. Administration:It is a determinative function. Management: It is an executive function. Administration:It takes major decisions of an enterprise as a whole. Management: It takes decisions within the framework set by the administration. Administration:It is a top-level activity. Management: It is a middle level activity. Administration:It consists of owners who invest capital in and receive profits from an enterprise. Management: It is a group of managerial personnel who use their specialized knowledge to fulfill the objectives of an enterprise. Administration:It is popular with government, military, educational, and religious organizations. Management: It is used in business enterprises. Administration:Its decisions are influenced by public opinion, government policies, social, and religious factors. Management: Its decisions are influenced by the values, opinions, and beliefs of the managers. Administration:Planning and organizing functions are involved in it. Management: Motivating and controlling functions are involved in it. Administration:It needs administrative rather than technical abilities. Management:It requires technical activities Management handles the employers. Administration handles the buisness aspects such as finance.
George C. Webster has written: 'The strategy of business perpetuation' -- subject(s): Management, Sale of business enterprises, Small business 'A framework for decisions on patient care'
participatory management
An economy in which the government supports and regulates free enterprise is known as a mixed economy. In this system, the government intervenes to ensure fair competition, protect consumers, and address market failures through regulations and policies. Key decisions that affect the marketplace include setting minimum wage laws, imposing regulations on industries for safety and environmental protection, and implementing fiscal policies such as taxation and government spending to influence economic activity. These actions aim to balance the benefits of free enterprise with the need for social welfare and economic stability.
who runs the government and makes most decisions
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In a command economy government planners make the decisions and in a market the decisions are made by individuals.
A non-departmental enterprise refers to an organization or entity that operates independently from government departments but is still established by the government to deliver specific public services or functions. These enterprises are typically characterized by a degree of operational autonomy, allowing them to manage their resources and make decisions without direct government intervention. They often aim to combine public accountability with efficiency similar to private enterprises. Examples include public broadcasting services and national rail companies.
Financial Management Board