FREE MBA Management Questions and Answers
What is the distinction between effectiveness and efficiency?
Efficiency relates to the optimal use of resources, focusing on minimizing waste and maximizing output. Effectiveness, on the other hand, is about accomplishing the organizational objectives or goals. Both efficiency and effectiveness are important considerations in organizational management, and striking a balance between the two is often necessary for overall success. An organization can be efficient in resource utilization but may not achieve desired outcomes, while an effective organization may achieve its objectives but may not utilize resources optimally. Therefore, organizations strive to be both efficient and effective to ensure the best use of resources while achieving their intended goals.
Which of Henry Mintzberg's several categories are relevant to managerial roles?
Henry Mintzberg, a renowned management scholar, developed a framework that categorizes managerial roles into three main categories: interpersonal roles, informational roles, and decisional roles.
By categorizing managerial roles into these three categories, Mintzberg provides a framework for understanding the diverse and complex responsibilities that managers face in their roles. It highlights the multifaceted nature of managerial work and the various roles they must perform to effectively lead and manage organizations.
Henry Fayol listed the following five managerial responsibilities: planning, organizing, staffing, leading, and closing.
The five basic functions of a manager as outlined by Henry Fayol are false.
Productivity can be raised through:
Productivity can be improved through various approaches, including increasing output while keeping inputs constant, reducing inputs while maintaining the same level of output, or increasing output while reducing inputs. Each of these approaches aims to make the productivity ratio more favorable by optimizing the use of resources.
What steps comprise the "Organizing" process?
These steps are essential for creating a clear organizational structure and establishing the necessary framework for coordination and collaboration. Through organizing, managers ensure that tasks are assigned, jobs are defined, and units are established in a way that optimizes efficiency, minimizes duplication of efforts, and facilitates smooth operations within the organization.
Which managerial positions fall under the informational category section?
The roles of Monitor, Disseminator, and Spokesperson are managerial roles that fall under the Informational category in Henry Mintzberg's framework. These roles are specifically related to the gathering, processing, and dissemination of information within an organization.
In this kind of managerial position, as described by Henry Mintzberg, the manager must communicate with both internal and external stakeholders.
Liaison is one of the managerial roles defined by Henry Mintzberg in his framework. In this role, the manager is responsible for interacting and building relationships with individuals both inside and outside the organization.