MBA Answers
Principles and Practices of Management
1) Explain the different activity levels of Management?
A: The management of an industry can be sub-divided into the following different level:
1. Top Management: It consists of the board of directors and the principal offers such as the chief executive managing director and the others concerned with the general operation as distinct from some functional specialization. They are the ultimate level of authority in the operation of the enterprise. They set the objectives define the goals, establish the policies, see the policies are put into effect and judge the results. Livingston has described the top management’s actual operation by listing it as follows: a: Decision- Making
i) Origination versus confirmation or veto ii) Planning
1. Setting of goals
What, How, Much, at what price, when and where.
2. Mechanism
a) Process
b) Structural organization and co-ordination
c) Appointment of key personnel iii) Policy
1) Definition
General versus specific
2) Integration iv) Implementation
1) Release of authority
2) Integration
v) Financial
1) Selection of types of funds to be secured
2) Distribution of profit.
B) Judicial
i) Comparison of accomplishment with goal ii) Evaluation
1. Of accomplishment with the cost
2. Of alternative possibilities iii) Counsel In place of decision or command
There are certain behavioral characteristics of top level executives given below:
i. Drive pure physical energy is an absolute necessity ii. A strong desire to become the top man iii. A willingness to work for long hours iv. Projecting an image of success
v. Management’s effectiveness
2. Upper Middle Management It consists of the head of the personnel Administration Department Production or works manager sales manager or others responsible for research, finance, accounting and the like. Thus, upper middle management consists of the executives responsible for leading functions within the enterprise such as
1) Explain the different activity levels of Management?
A: The management of an industry can be sub-divided into the following different level:
1. Top Management: It consists of the board of directors and the principal offers such as the chief executive managing director and the others concerned with the general operation as distinct from some functional specialization. They are the ultimate level of authority in the operation of the enterprise. They set the objectives define the goals, establish the policies, see the policies are put into effect and judge the results. Livingston has described the top management’s actual operation by listing it as follows: a: Decision- Making
i) Origination versus confirmation or veto ii) Planning
1. Setting of goals
What, How, Much, at what price, when and where.
2. Mechanism
a) Process
b) Structural organization and co-ordination
c) Appointment of key personnel iii) Policy
1) Definition
General versus specific
2) Integration iv) Implementation
1) Release of authority
2) Integration
v) Financial
1) Selection of types of funds to be secured
2) Distribution of profit.
B) Judicial
i) Comparison of accomplishment with goal ii) Evaluation
1. Of accomplishment with the cost
2. Of alternative possibilities iii) Counsel In place of decision or command
There are certain behavioral characteristics of top level executives given below:
i. Drive pure physical energy is an absolute necessity ii. A strong desire to become the top man iii. A willingness to work for long hours iv. Projecting an image of success
v. Management’s effectiveness
2. Upper Middle Management It consists of the head of the personnel Administration Department Production or works manager sales manager or others responsible for research, finance, accounting and the like. Thus, upper middle management consists of the executives responsible for leading functions within the enterprise such as