BUMG1110-WEEK 1-2

What is the primary role of a manager in a business?

• To maintain the status quo and avoid any changes in the organization.

• To focus only on financial gains without considering team dynamics.

• To plan, organize, lead, and control resources to achieve organizational goals.

• To solely supervise employees without any planning.

Define management in your own words.

• Management is the coordination of activities and resources to achieve organizational objectives.

• Management is the act of controlling personal relationships in the workplace.

• Management is the process of hiring and firing employees.

• Management is solely about making profits.

What is the difference between effectiveness and efficiency?

• Effectiveness is about achieving goals, while efficiency is about doing so with minimal resources.

• Effectiveness is about speed, while efficiency is about quality.

• Effectiveness and efficiency are the same concepts.

• Effectiveness focuses on the process, while efficiency focuses on the outcome.

List the three main levels of management.

• Top-level management, middle-level management, lower-level management

• Senior management, team management, project management

• High-level management, departmental management, supervisory management

• Executive management, operational management, strategic management

What skills are essential for a middle manager?

• Technical skills in coding

• Advanced marketing strategies

• Financial analysis expertise

• Essential skills for a middle manager include communication, leadership, problem-solving, emotional intelligence, and adaptability.

How do interpersonal skills benefit a manager?

• Interpersonal skills only benefit lower-level employees.

• Interpersonal skills benefit a manager by improving communication, fostering teamwork, and enhancing conflict resolution.

• Interpersonal skills are irrelevant to team dynamics.

• Interpersonal skills lead to increased micromanagement.

What are informational skills and why are they important?

• Informational skills are only about memorizing facts.

• They are not necessary for academic success.

• Informational skills are the abilities to find, evaluate, and use information effectively, and they are important for informed decision-making and problem-solving.

• Informational skills are primarily about using social media.

Describe decisional skills in the context of management.

• Decisional skills are only about following company policies.

• Decisional skills involve only financial analysis and budgeting.

• Decisional skills in management are the abilities to make informed choices that affect the organization, involving problem identification, information gathering, alternative evaluation, and stakeholder consideration.

• Decisional skills are irrelevant to stakeholder engagement.

What are conceptual skills and who needs them?

• Conceptual skills are primarily for sales representatives.

• Conceptual skills are essential for managers and leaders who need to understand complex situations and make strategic decisions.

• Conceptual skills are irrelevant in technical jobs.

• Conceptual skills are only needed by entry-level employees.

How does a manager's role change at different levels of management?

• A manager's role is the same at all levels of management.

• A manager's role evolves from strategic planning at the top level, to operational coordination in the middle level, and to direct supervision at the lower level.

• Managers at all levels focus solely on employee training.

• Top-level managers handle daily tasks directly with employees.