Flashcards on Fundamentals of Management and Entrepreneurship
Fundamentals of Management and Entrepreneurship Explained
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Leadership and Coordination in Management
42 cards
Card 1
Question: What is the main goal of harmony of objectives between managers and employees?
Answer: To ensure the business’ objectives are achieved while employees also feel able to reach their personal goals, creating a win-win situation.
Card 2
Question: What responsibility does a department manager have regarding communication?
Answer: To ensure all employees understand the plan, policies, procedures and their respective responsibilities (clear top-down communication).
Card 3
Question: What does 'unity of direction' mean in management?
Answer: Each employee knows to whom they should report and who gives instructions, avoiding conflicting instructions from multiple people.
Card 4
Question: How does direct supervision affect employee morale?
Answer: A personal-touch style of direct supervision (showing interest in employees) boosts morale, though it doesn't require knowing all personal details.
Card 5
Question: What is the purpose of following up on delegated tasks, and what must managers avoid when doing it?
Answer: Purpose: to be aware of challenges, make adjustments (e.g., training) and support employees to achieve objectives. Avoid micromanaging and preventing
Card 6
Question: Define communication in the context of management.
Answer: The process of exchanging information, opinions, views and ideas between staff members and management.
Card 7
Question: What is the aim of clear top-down communication?
Answer: To help employees understand what, why and how they should perform to help the business achieve its objectives.
Card 8
Question: Why is coordination vital for a business?
Answer: Because management deals with varied perceptions, opinions, interests and attitudes of internal and external stakeholders and must align them toward c
Card 9
Question: What must management coordinate to ensure stakeholders contribute to the same objective?
Answer: Both tangible and intangible resources must be optimally coordinated so stakeholders contribute toward the same objective.
Card 10
Question: What is required for clear coordination of efforts toward objectives?
Answer: Clear, defined objectives that are efficiently communicated throughout the business to create a common understanding and reduce conflict.