A management professor once said that for suc- cessful management, studying the present was most important, studying the past was next, and studying the future was least important. Do you agree? Why?
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- When the idea first occurred to her, it seemed like such a win-win situation. Now she wasn't so sure. Marge Brygay was a hardworking sales rep for Inspire Learning Corporation, a company intent on becoming the top educational software provider in five years. That newly adopted strategic goal translated into an ambitious, million-dollar sales target for each of Inspire's sales reps. At the beginning of the fiscal year, her share of the sales department's operational goal seemed entirely reasonable to Marge. She believed in Inspire's products. The company had developed innovative, highly regarded math, language, science, and social studies programs for the K— 12 market. What set the software apart was a foundation in truly cutting-edge research. Marge had seen for herself how Inspire programs could engage whole classrooms Of normally unmotivated kids; the significant rise in scores on those increasingly important standardized tests bore Out her subjective impressions. Bur now, just days before the end of the year, Marge's sales were $1,000 short of her million-dollar goal. The sale that would have put her comfortably over the top fell through due to last-minute cuts in one large school system's budget. At first, she was nearly overwhelmed with frustration, but then it occurred to her that if she contributed $1,000 to Central High, the inner-city high school in her territory probably most in need of what she had for sale, they could purchase the software and put her over the top. Her scheme would certainly benefit Central High students. Achieving her sales goal would make Inspire happy, and it wouldn't do her any harm, either professionally or financially. Making the goal would earn her a $10,000 bonus check that would come in handy when the time came to write out that first tuition check for her oldest child, who had just been accepted to a well-known, private university. Initially, it seemed like the perfect solution all the way around. The more she thought about it, however, the more it didn't quite sit well with her conscience. Time was running out. She needed to decide what to do. 1. Donate the $1,000 to Central High, and consider the $10,000 bonus a good return on your investment.T F As managers carry out their functions, the firststep is to control, the second to organize, andthe third to planThe MBO technique has been criticized for putting too much emphasis on achieving goals (ends) and not enough on the methods people use to achieve them (means). Discuss if it is/isn't a flaw in the technique or how managers apply it. How might a balanced emphasis on ends and means be achieved?
- Mangement Effective management is crucial for the success of any organization, as it involves planning, organizing, leading, and controlling resources to achieve the organization's goals. How can organizations improve their management practices to ensure long-term success?a. How do a strategic plan, a tactical plan, and an operational plan differ? What do they all have in common? b. What exactly does a manager organize and for what reason2. How do you think planning in today’s organizations compares to planning 25 years ago? Do you think planning becomes more important or less important in a world where everything is changing fast and crises are a regular part of organizational life? Why?
- One good thing about the Principles of Management is that it helps understand therelationship between human and material resources in achieving organisational goals.Which feature of the Principles of Management is described in the above statement?a. Behaviouralb. Cause and effect relationshipsc. Use of resources and effective administrationd. None of the above1. What three (3) personal values should a manager possess to improve the organization's success in achieving/fulfilling its primary purpose? 2. Assumptions are used by management methods such as the Logical Framework Approach (LFA), Cost-Benefit Analysis, and Cost-Effectiveness Analysis to provide inputs for managerial decisions and actions. What is the logic of employing an assumption in coming up with or creating inputs for management decisions and actions, given that it is not guaranteed to hold? Is there any way to avoid making assumptions?Management involves the four basic functions. These management activities are interrelated with each other. However, management functions do not usually occur in a tidy, step-by-step fashion. Therefore, among four management functions, discuss with the help of an example that which activity maintain managerial effectiveness by serving as guides for future activities and how? Moreover, do you think this activity help managers know how to allocate their time and resources? If yes, justify your answer with the help of an example.
- 16- Which level of management is responsible for establishing a vision for the organization developing broad plans and strategies, and directing subordinate managers? a. First level managers b. Second level management c. Top level management d. Middle level management1. How important is planning to organization managers? 2. How do you plan to reach your goals?Discuss how the four functions of management (Planning, organizing, leading and controlling) manifest in your life in general, and/or in your life as an engineering student in particular. Cite specific situation/s for each function.
