Latest Blog Posts for Management Study Guide

• Managerial Responsibilities
  on Jul 26, 2013 in Management Process
  Managerial Responsibilities The management is responsible and answerable to many groups. Sometimes, the interests of these groups conflict with each other. Hence, management must conduct its affairs in a manner so as to be fair and equitable to all p...
• Factors Affecting Decision-Making
  on Jul 26, 2013 in Decision Making decision making group decision
  Factors Affecting Decision-Making Some of the factors and personal characteristics that have on impact on the decision makers are described below. Some factors are more important at higher levels of management and others are more important at lower l...
• Contribution by Peter F. Drucker – Management by Objectives (MBO)
  on Jul 25, 2013 in Management Theories MBO peter drucker
  Contribution by Peter F. Drucker – MBO Peter F. Drucker is a highly respected management thinker. He is a prolific writer and has published several books and articles on management practices. He is so versatile that there is hardly any area in...
• Effective Managerial Skills
  on Jul 25, 2013 in Management Process
  Managerial Skills A skill is an acquired and learned ability to translate knowledge into performance. It is the competency that allows for performance to be superior in the field in which the worker has the required skill. All managers need to posses...
• Span of Management
  on Jul 24, 2013 in Organization Management span of control span of management
  Span of Management or Span of Control Span of management, also known as ‘span of control’, refers to the number of people a manager directly manages. In a wider span of control, a manager has many subordinates who report to him. In a narr...
• Henri Fayol’s 14 Principles of Management
  on Jul 24, 2013 in Management Theories henri fayol principles of management
  Principles of Management by Henri Fayol Henri Fayol is claimed to be the real father of modern management. He was a Frenchman born in 1841 and was working as an engineer with a mining company. He improved the condition of the company from virtual ban...
• Centralization and Decentralization
  on Jul 21, 2013 in Organization Management centralization
  Centralization and Decentralization Considerable debate has taken place over the years over the issue of ‘centralization’ that means that the authority for most decisions is concentrated at the top of the managerial hierarchy versus ̵...
• Guidelines for Effective Organization
  on Jul 21, 2013 in Organization Management organization
  Guidelines for Effective Organization There are some established guidelines that are common to all organizations that are structured in a classical form. The classical form means a bureaucratic structure where there is a hierarchy of power and respon...
• Advantages and Disadvantages of Bureaucracy
  on Jul 21, 2013 in Organization Management Bureaucracy
  Bureaucracy Max Weber, a German social scientist, analyzed the formation and administration of enterprises. The main features of this approach are as follows: 1. Division of Work: There is division of work on basis of specialization of jobs in bureau...
• Managerial Roles
  on Jul 19, 2013 in Management Process management
  Managerial Roles Another approach to study management is to examine the roles that managers are expected to perform. These roles can be defined as the organized sets of behaviors identified with the position. These roles were developed by Henry Mintz...

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