What is the managemnt? MGMT 3000 - Principles of Management, LYONS Exam #2 Sprin

Question

What is the managemnt?

MGMT 3000 - Principles of Management, LYONS Exam #2 Spring, 2018-Version a competitive advantage in the industry. Based solely on the description in this question, w the following processes did the company apply to compete more effectively? a. Globalization b. Environmental scanning c. Organizational change d. Benchmarking 27. As discussed in class, Blockbuster, which had built its video rental business around "blockbuster movies from its retail locations within shopping centers, did not alter its and core business model in reaction to Netflix's emergence as an online source for mov for a period of years, by which it was too late for Blockbuster to recover. Blockbu experienced, a. Incrementalism b. Dissatisfaction c. Organic change d. Inertia e. Strategic control 28. A process by which change emerges from individuals or teams as they innovate, solve or seek more effective ways to accomplish their work is referred to as_change. a. Transformative b. Organic c. Planned d. Incremental 29. Which of the following helps change leaders build dissatisfaction? Creating proper alignment between an organization and its strategy b. a. Engaging in benchmarking or internal and external performance/opportunity gap analyses in order to demonstrate the needed change c. Reducing the involvement of pivotal individuals in the process and concealing the vision for change. ntation while simultaneously reinforcing efficiency and cost effectiveness 30. Which of the following individuals is a best example of a successful change leader? a. A change leader who offers rewards in terms of increased pay and promotion to those employees who support the change process b. A firm's change leader who communicates the positive results of the change process to the employees and hides the negative ones A firm's change leader who pays all attention to the structural and procedural changes needed for the transformation c. d. A change leader who engages and listens to his employees and motivates them showing concern and sharing credit 31. Misalignment between an organization and its strategy often drives change. a. True b. False

Explanation / Answer

Management is the process of dealing and controlling things or people. It is a tool for administering the business. It includes planning, organising, staffing, controlling and directing. It sets the activity of setting strategy, goals and objectives of the business. For better management we need to hire skilled and advanced knowledgeable expertise person. It operates into three levels: Top level, Middle level and Supervisory level. Top level includes senior managers, Board of Directors, chief Executive officers and chief Financial officer etc. they set the goals and give directions to their middle level organization. Middle level includes branch manager, department manager. They are hiring supervisors. Supervisory level includes team leader group of person who work together and achieve the goals. They are expertise in accounting, finance etc. Through the process of management reduces the conflict between the managers. Earlier times subordinates reported to one or more managers. But through the process all the conflicts have been resolved. One superior should give order and responsibilities to his one subordinate only. And they are responsible for execution of that concerned work only. Management starts its process from planning, it initiates the process and makes the plan and group of the person so that they can apply their skill and achieve the goal. They measure their anticipated plan with targeted plan. Finally last process of planning is putting the plan into action. So that desired result is to be achieved accordingly. Organising work in proper and sequence way so that our goals will not break during execution. Organising is the crucial process it needs skilled and expert person to organise the goals and objective of the business. Staffing is the residual work which is to be done after planning and organising. Controlling is the process to control the negative perspective of the business. Direction and leading is top level execution. Enterprise mangers skill to motivate, lead and influence others. It is a competitive advantage over its rivals.

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