Mgt/330 Final Exam

In: Business and Management

Submitted By misslady28
Words 982
Pages 4
Functions of Management
Tekeshia Gresham
MGT/330
Mr. Dennis Stroud
March 31st, 2012

Functions of Management
Managers like PepsiCo’s Indra Nooyi must practice the art of getting things done through organizational resources, which include workers, financial resources, information, equipment, planning, organizing, leading, and controlling, (Hall, 2009). Managers were called bosses and his or her job consisted of telling people what to do, watching over them to be sure they did it, and reprimanding those who did not.
Today, however, some managers tend to be more progressive. For example, they emphasize teams and team building; managers create drop-in centers, team spaces, and open work areas. Managers changed the definition of “work” from “a task you do for specified period in a specific place” to “something you do anywhere, anytime.” Managers tend to guide, train, support, motivate, and coach employees rather than tell them what to do. What do these changes mean? What the changes mean is that management will demand a new kind of person: a skilled communicator and a team player as well as a planner, organizer, motivator, and leader.
One of the major objectives of organizations is to please customers. The trend today is to have planning teams to help monitor the environment, find business opportunities, and watch for challenges. The key function of management is planning because accomplishing the other functions depends heavily on having a good plan. Managing an organization without first establishing a vision is like getting everyone in a rowboat excited about going somewhere, but not telling them exactly where. The boat will just keep changing directions rather than speeding toward an agreed-on goal, (Bloom, 2007). Top management usually sets the vision for the organization and then often works with others in the firm to establish a…...

Similar Documents

Mgt 330 Final

...MGT/330 Week 5 – Group Paper Control Mechanisms Paper Explain how these controls affect the four functions of management. The four functions of management at General Motors which are to plan, organize, direct and control are affected by budgetary, feedback, financial and market controls. General Motors is depending more on the control mechanisms now, more than ever. Since falling into bankruptcy, General Motors is using budgetary control now as a means of planning and control. W.A. Paton describes the budget as “any statement or report which shows the estimated data of either the course or results of a program or plan of operation. (W.A. Paton. 1932) General Motors uses budgetary control in long-term and short-term management planning. The new Chief Financial Officer, Chris Leddell, has stated that General Motors has lost billions of dollars in the last year. With that being said Mr. Leddell is very optimistic that General Motors will rebound from bankruptcy and will more than likely be able to show a profit for 2010. The organizational management function is utilizing a now weak financial control and they know they have a long road ahead. General Motors management team uses feedback controls to help allocate resources and track funds versus production and sales. These control mechanisms affect General Motors management functions by providing an instant indicator, preventing a lagging indicator. References Jstor.(2010). General Motors Budgetary Control...

Words: 251 - Pages: 2

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ All Tutorials will be E-mailed immediately after the Payment, Please Check your inbox or Spam Folder and can also be Downloaded by clicking on Tutorial Bucket. For Any Other Inquiry Feel Free To Contact Us: Lancehomework@gmail.com MGT 330 Final Exam Guide 100% Correct Answers Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: ......

Words: 1846 - Pages: 8

Mgt 330 Final Paper

...The five functions of management Shabrekia Andrews MGT 330 Management for Organizations Instructor: David Gibbons March 10, 2014 The five management functions include the following: planning, leading, organizing, staffing, and controlling. Implementing these five functions are essential to running a successful business. Being in the military, I have found that these five functions are necessary to complete the designated tasks at hand. My current employer is GA Mates/RESET located on base of Fort Stewart Georgia. Basically what we do is take the equipment of units coming back from deployment and fixed them. At one point we had so many pieces that organization was and still is a necessity. The five functions are necessary to keep the process running smoothly because there are so many moving pieces. At my current employer, my superiors set the standards and we abide by them. Throughout my essay, I will be discussing how the five management functions are important and applied to our daily duties. Knowing my job and what I have to do is a key factor in making sure things are going the way they should be going. My title at GA RESET is data entry clerk/technician. What I do is take those pieces of equipment, inventory them, cut jobs for them to be worked on, update the progress, close out the job, and keep record of the pieces coming in and out of the shop. Each section, in our place of employment, is responsible for implementing the five functions. Planning “Managers......

Words: 765 - Pages: 4

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers To Buy this Class Copy & paste below link in your Brower http://sourceofhomework.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Or Visit Our Website Visit : http://sourceofhomework.com Email Us : sourceofhomework@gmail.com Type: MGT 330 Final Exam MGT 330 Final Exam Guide 100% Correct Answers Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the......

Words: 1836 - Pages: 8

Mgt 311 Final Exam

...MGT 311 Final Exam The theme of MGT 311 Final is to enable students learn about the organizational behavior, different motivational strategies and other human resource practices that will be helpful in the future career. There are various topics in the MGT 311 Final like communication strategy, motivational strategies, conflict resolution strategies, span of control, etc. There is also the inclusion of concept of change management which is important for the person to learn to make the change process effective and smoother. MGT 311 strategy plan is also taught in the course that helps in formulating the strategies for the organization to let employees work to achieve the mission and vision. In the MGT 311 Final Exam, there will be different multiple choice questions that will be provided to the students to test their understanding. After it, the solutions are also provided to check the correctness. The course will be taught in several weeks and exams will be held in every week. Lastly, there will be the final exam that will comprise of the complete course. There is a wide scope of learning such concepts as these will be useful in the near future career. First week of MGT 311 will involve the general business environment and basic things, but in the subsequent weeks, there will be the detailed information about the course. The students will also be provided some simulation practices in which the artificial situation will be provided, and these will be asked to enact......

Words: 2899 - Pages: 12

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 7224 - Pages: 29

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 5418 - Pages: 22

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers http://hwguiders.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an internal auditor. Ruby has found that her job is different...

Words: 30583 - Pages: 123

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 9030 - Pages: 37

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Business 330 Final Exam

...BUS 330 Business Finance Online Final Examination Question 1: Chapter 11 Industries that generally perform well when other industries are performing well are referred to as:  A. diversified industries. B. cyclical industries. C. risk-free industries. D. systematic risk industries Question 2: Chapter 12 Discuss how betas are measured for individual stocks.  Betas are measured by plotting the historic returns of the stock against the market portfolio during the same period of time. Often times, another index is used instead of the market portfolio. The beta of the stock is the slope of the straight line drawn that best fits the observations of the plotted data. A slope of greater than 1.0 typically means that a stock’s returns are more volatile, while a slope of less than 1.0 typically means that the stock’s returns are less volatile than those of the market portfolio (or other index). Question 3: Chapter 13 The company cost of capital for a firm with a 65/35 debt/equity split, 8% cost of debt, 15% cost of equity, and a 35% tax rate would be:  A. 7.02%. B. 8.63% C. 10.45%. D. 13.80%. Question 4: Chapter 14 When a firm issues 50,000 shares with a par value of $5 for $22 per share, additional paid-in capital will:  A. decrease by $250,000. B. increase by $250,000. C. increase by $850,000. D. increase by $1,100,000. Question 5: Chapter 15 How do firms make initial public offerings and what are the costs of such offerings?  When a firm makes......

Words: 1098 - Pages: 5

Mgt 330 Final - Ashford

...Target MGT 330 Management for Organizations Prof. Anthony DiGaetano August 27, 2015 Target Target Corporation is a leading big box retailer with a unique outlook and approach to reaching consumers while offering upscale product at affordable everyday process. Working for large companies can be difficult because employees become numbers and are often lost in the everyday shuffle of information, products, and customers. However, while working for Target, one will find an immense respect and a collaborative effort among co-workers. Target Corporation utilizes the five management functions: planning, leading, organizing, staffing and controlling, to benefit their company, their employees, and their customers. Planning “Managers use planning to choose appropriate organizational goals and identify courses of actions to best reach those goals,” (Baack, Reilly, & Minnick, 2014, Section 1.3, “The Five Management Functions,” para. 2). According to an interview conducted by Jennifer Rooney, a Forbes staff member, Jeff Jones, VP and CMO of Target Corporation believes Target’s role in retail consists of knowing what the consumer wants and needs, while delivering top quality products at an everyday price point (Rooney, 2012). Mr. Jones reiterates the goal of Target Corporation is to continually fulfill the motto, expect more, pay less and states that the corporation as a whole relies heavily on the Target Brands that are unique to only Target (Rooney, 2012). These brands......

Words: 2178 - Pages: 9

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Mgt 330 Final Exam Guide 100% Correct Answers

...MGT 330 Final Exam Guide 100% Correct Answers Follow Link Below To Get Tutorial http://homeworklance.com/downloads/mgt-330-final-exam-guide-100-correct-answers/ Description: Which of the following statements regarding vision is NOT accurate? The first step in effective delegation is selecting the person to whom you will delegate. If Rosanne, a manager at XYZ delegates responsibility to a subordinate, she is relieved of the ultimate responsibility and accountability to higher-ups. A basic characteristic of decentralized organizations is delegating authority to people at lower hierarchical levels to make decisions and take action. Which of the following does NOT describe effective plans in organizations? Which is the first step in the formal planning process? Honesty, caring, loyalty, fairness, and integrity are all examples of: The final stage in the human resource planning process is to: The programming stage of human resources management consists of: The planning process of human resources management begins with: An organization chart conveys all of the following EXCEPT: A process in which different individuals and units perform different tasks is: Which of these is created through the division of labor and job specialization? Which of the following is an advantage of product departmentalization? Ruby recently accepted a job with a large insurance firm as an......

Words: 1806 - Pages: 8

Another Soul | Maulringschlüssel Gabelringschlüssel Maulschlüssel Ringschlüssel 6 mm bis 50 mm | Analyse The Importance Of The Role Of The Piraeus In Periclean Athens