leadership‚ the skills approach suggests that knowledge and abilities are needed for effective leadership. Researchers have studied leadership skills directly or indirectly for a number of years (see Bass‚ 1990‚ pp. 97–109). However‚ the impetus for research on skills was a classic article published by Robert Katz in the Harvard Business Review in 1955‚ titled “Skills of an Effective Administrator.” Katz’s article appeared at a time when researchers were trying to identify a definitive set of leadership
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Upper-level managers or directors of board probably make the decision. 3. After graduation‚ you are not likely to move directly to a top-level management position. In fact‚ few members of your class will ever reach the top-management level. Why‚ then‚ is it important for all business majors to study the field of strategic management? Top-management is usually making strategic decision based on the big picture of the whole company and the economic circumstance. As a college graduation‚ we are
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GKM COLLEGE OF ENGINEERING AND TECHNOLOGY DEPARTMENT OF MANAGEMENT STUDIES BA 9221 OPERATIONS MANAGEMENT TWO MARK QUESTIONS Unit I 1.Define Production Management It is the process by which raw material and other inputs are converted into finishedgoods. 2.What are the needs or Objectives of Production Management. To manufacture the products as per the specification To effectively manage the available resources and facilities To produce products as per the market requirement . 3
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persons)‚ accounting activities (stocktaking‚ balance sheet‚ costs‚ statistics) and managerial activities (planning‚ organization‚ command‚ coordination‚ control). 2) What were Fayol’s 14 principles of management? Henri Fayol argued that there is no limit to the number of principles of management‚ but still he distinguished the following 14: Division of work: to produce more and better work with the same effort. Authority: the right to give orders and the power to exact obedience. Discipline:
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Project Management 1. Define a) Project b) Project Management c) Process d) Resources e) Project Cost . Project Clear and accurate definition of a project is one of the most important actions you can take to ensure the project ’s success. The clearer the target the more likely you are to hit it. Defining a project is a process of selection and reduction of the ideas and perspectives of those involved into a set of clearly defined objectives‚ key success criteria and evaluated risks. This
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Chapter 1: Introduction to Operations Management Overview This chapter provides a definition of operations management. The role and importance of operations in an organization are described‚ along with operations decisions that are made. The differences between manufacturing and services are described. The history and current trends of operations management are discussed‚ including the impact of information systems. Finally‚ the interaction between operations and other business functions
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PRINCIPLES OF MANAGEMENT MGMT 1001 PRACTICE QUESTIONS TUTORIAL 1 (a)What are the main levels of management or planning associated with organizations? (b)Name the major schools of thought in management and from each school‚ discuss the contribution of two theorists. (c)Define Management and state the major associated functions. (d)What are some of the satellite problems that are manifest when the root cause is i)culture based ii) production based? TUTORIAL 2 (a)Define the term Paradigm
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MKT B370 Operations Management SPECIMEN EXAMINATION PAPER Important Note: This specimen examination paper serves solely as an illustration of the types of questions which may be contained in the examination. Students should not construe these questions as the actual examination questions nor part of the actual examination paper. In addition‚ this specimen examination paper does not purport to represent the complete scope or coverage of the course and the distribution of the topics to be examined
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Can we have both a quantitative and qualitative risk evaluation system in place at the same time? Yes‚ a quantitative and qualitative risk management system can be in place at the same time. Since the Space Shuttle Program is so large and complicated‚ it would be in their best interest to incorporate both quantitative and qualitative risk management evaluations together. Alone‚ neither system is sufficient in analyzing nor predicting all the risks involved in the program. It is the flaw of
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1. A decision is a choice made between two or more alternatives. 2. A significant decision can have a large impact on the management system itself as well as the manager who makes them. Insignificant decisions affect only a small number of company members‚ costing very little to carry out and producing only a short term effect on the company. 3. Night club managers would have to make programmed and non-programmed decisions while working. Traditionally they would make decisions out of
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