MANAGEMENT TOOLS INTRODUCTION

WHAT IS THE PRIMARY PURPOSE OF MANAGERIAL TOOLS ?

• To entertain employees

• To improve decision-making and efficiency

• To increase product prices

• To create social media content

WHICH TOOL IS USED TO ANALYSE STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS ?

• GANTT CHART

• BALANCED SCORECARD

• SWOT ANALYSIS

• KPI

CAN YOU GIVE TWO WORDS THAT REFER TO MANAGEMENT TOOLS ?

WHAT JOBS ARE POSSIBLE WITH MANAGEMENT TOOLS ?

EXAMPLES OF MANAGEMENT TOOLS

What is the role of a manager in management?

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WHAT IS A COMMON BENEFIT OF USING MANAGERIAL TOOLS IN ORGANIZATIONS?

• To reduce employee workload

• To enhance communication and collaboration

• To eliminate all risks

• To focus solely on profits

WHICH OF THE FOLLOWING IS A KEY COMPONENT OF EFFECTIVE PROJECT MANAGEMENT?

• Ignoring deadlines

• Setting clear objectives

• Minimizing team involvement

• Focusing only on costs

WHAT DOES KPI STAND FOR IN A BUSINESS CONTEXT?

• Key Performance Indicator

• Knowledge Process Integration

• Key Profit Index

• Knowledge Performance Indicator