Describe the best way for a manager to solve a difficult business problem?
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Describe the best way for a manager to solve a difficult business problem?
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- What types of problems are possible in business today? How can this problem be overcome?1. Could writing a conventional business plan ever cause more harm than good? Explain your answer?2. If you wanted some assistance in setting up and running a new business, you might look at business incubators as a solution. What kind of assistance would you consider the most valuable?3. Given the risks involved in starting any company, should an aspiring entrepreneur investigate all possible failure scenarios and develop action plans to avoid these potential outcomes? Explain your answer.4. How do autocratic, democratic, and laissez-faire leadership styles differ?5. Ethical considerations. Apart from meeting the company’s future talent needs, do managers have a personal ethical obligation to help their employees develop and advance in their careers? Explain your answer.6. What are the advantages and disadvantages of the unstructured organizational model?7. Suppose you are the marketing manager of the credit-card department of a financial institution. Your objective is to support the…What is the primary objective of a good manager?
- Discuss what is meant by 'scientific management'. How has this concept revolutionized the field of business management? DIscuss 3 practical examples of the use of scientific management principles in businesses around you, and discuss where/how the concept is applied in modern day organizations(a) How has information technology transformed business and managerial decision-making?(b) What are some major factors that motivate entrepreneurs to start businesses?What are the advantages of having a business plan? What are the common challenges encountered in creating a business plan? Describe each.
- What is a business model? What is the purpose of the business plan? Explain examples of successful business models.Management How can managers balance the need for detailed planning with the need for flexibility and adaptability in an increasingly dynamic and uncertain business environment?What questions do you normally ask to have a successful career? Explain.
- Explain How management by objectives helps a firm to succeed?What are some positive and negative aspects of being a good business manager?1. Why is business plan important when planning a business? 2. Why is knowledge about the structures of markets in which the firms operate important? How could this be of help to you in order to understand the differences in prices and services? 3. What is the importance of a business plan?