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MGMT100 - Foundations of Management - Exam Revision
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- 1Define 'management' according to the older model (Samson and Daft, 2012)Management is the attainment of organisational goals in an effective and efficient manner through planning, organising, leading and controlling organisational resources.
- 2Define 'managers' according to the contemporary model (Samson and Daft, 2012)Managers are people who co-ordinate all the resources of an organisation to ensure that its goals are achieved effectively and efficiently.
- 3What is an organisation?An organisation has a distinct purpose, a deliberate structure and the most important aspect, is comprised by people. Organisations are people with a common purpose arranged into a purpose-driven structure.
- 4What is coordination?Coordination is the act of working together. Making different people or things work together for a goal or effect.
- 5What do managers coordinate?Managers coordinate all resources of an organisation such as people, equipment, finances, innovation, development and change.
- 6What is organisational performance?Organisational performance is the organisation's ability to attain its goals by using resources in an effective and efficient manner.
- 7Define effectivenessEffectiveness is the extent to which the organisation achieves a stated goal.
- 8Define efficiencyEfficiency is the use of minimal resources, raw materials, money and people, to produce a desired volume of output. That is, maximum output through minimum input thus resulting in low wastage of resources.
- 9Organisational structure consists of what types of management?Organisational structure consists of two management types, a vertical and horizontal structure.
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- Fichas sobre MGMT100 - Foundations of Management - Exam Revision, creado por simone-rodriguez el 10/11/2014.
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