planning function: specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals. Organizing function: assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals.
What is the management function of specifying the goals to be achieved and deciding in advance the appropriate actions to achieve those goals?
The management process, properly executed, involves a wide variety of activities including planning, organizing, leading, and controlling. Planning is specifying the goals to be achieved and deciding in advance the appropriate actions taken to achieve those goals.
What are the fundamental drivers of gaining a competitive advantage?
The fundamental success drivers are: Innovation, quality, service, speed and cost competitiveness.
Which of the following is a type of top level manager?
The board of directors, president, vice-president, and CEO are all examples of top-level managers. These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.
What are the four principles of management?
The principles of management can be distilled down to four critical functions. These functions are planning, organizing, leading, and controlling.
What are the responsibilities of top management?
Top management is responsible for establishing policies, guidelines and strategic objectives, as well as for providing leadership and direction for quality management within the organization. It should also establish those responsible and hold them accountable for a wide variety of management system processes.
