Management Study Set 32

The nature of management is to control and dictate others in an organization.

In today's turbulent and hypercompetitive global environment,managers must help their companies innovate more than ever.

Companies can survive over the long run without innovation.

Despite the need for companies to control costs in today's economy,innovation has become the new imperative.

Recognizing the value of employees involves the organizing role of management.

The late famed management theorist Peter Drucker is often credited with creating the modern study of management.

Allocating resources across the organization is part of the organizing management function.

How an organization goes about accomplishing a plan is a key part of the management function of controlling.

Where the organization wants to be in the future and how to get there defines controlling.

The use of influence to motivate employees to achieve the organization's goals refers to controlling.

Organizing means defining goals for future organizational performance and deciding on the tasks and resources needed to attain them.

Controlling involves monitoring employee's activities and taking corrective action as necessary.

Leading is the use of influence to motivate employees to achieve organizational goals.

When an organization is deliberately structured,it is designed to achieve some outcome,such as making a profit.

An organization is a social entity that is goal directed and deliberately structured.

Efficiency refers to the degree to which the organization achieves a stated objective.

All managers have to pay attention to costs and according to research,the best way to improve organizational effectiveness is by severe cost cutting.

The ultimate responsibility of managers is to achieve high performance by balancing efficiency and effectiveness.

Efficiency can be calculated as the amount of resources used to produce a product or service.

To perform effectively,all managers must possess conceptual,human,and technical skills,though the degree of each skill necessary at different levels of an organization may vary.