Flashcards on General Management and Leadership Principles
General Management and Leadership Principles Explained
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Management Functions & Business
21 cards
Card 1
Question: What is the role of planning in management?
Answer: Planning is a management tool used to guide employees towards the end goal; it is the crucial first step but must be implemented to yield results.
Card 2
Question: What does organising mean in management?
Answer: Organising means arranging activities so that all resources (factors of production) contribute systematically and successfully towards the business.
Card 3
Question: List the factors of production mentioned that managers must organise.
Answer: Employees; working capital needed to run the business; new materials needed to produce the product; inventory to sell to consumers.
Card 4
Question: Who ensures that managers of different functions work together and understand interdependence?
Answer: The General Manager / CEO ensures all managers realise their tasks are interdependent and must work together to achieve overall business goals.
Card 5
Question: What aspect of organisation helps avoid confusion and blame-shifting?
Answer: Clear reporting structures (clear reporting lines) within the business help avoid confusion and blame-shifting.
Card 6
Question: Give one example of an organisational structure mentioned.
Answer: A Line structure.
Card 7
Question: What is the manager's role in implementing plans?
Answer: The manager must provide guidance and support to employees to implement plans and reach the desired outcome.
Card 8
Question: How should a good leader balance their focus?
Answer: A good leader should balance being risk-orientated (getting the job done) and people-orientated (focusing on employees' needs).
Card 9
Question: What is the scope of 'General Management' in an organisation?
Answer: General Management (top management) covers tasks at the top level but many tasks overlap with middle and lower management; it involves overseeing the
Card 10
Question: Why must a manager understand the entire supply chain even if the business does not trade internationally?
Answer: Because suppliers may originate from various countries with different customs and values, and issues in the supply chain (e.g., child labour, environm