Functions and Responsibilities of Management

• What is the first function of management mentioned?

  Planning
• What are the different types of plans in management?

  Short-term, medium-term, long-term
• What is the purpose of planning in management?

  To map out the company's future direction
• What does organizing involve in management?

  Bringing resources together to execute plans
• What is the role of coordinating in management?

  Aligning all moving parts towards goals
• What does staffing refer to in management?

  Hiring the right people for jobs
• How is directing similar to coordinating?

  Both involve guiding team efforts towards goals
• What is the definition of delegating in management?

  Giving authority to others for tasks
• What is motivating in the context of management?

  Encouraging staff to perform their best
• What are some factors that can motivate employees?

  Money, intrinsic motivation, empowerment
• What does controlling involve in management?

  Monitoring various aspects of the business
• Why is communication important in management?

  It ensures everyone works towards common goals
• What are stakeholders in a business context?

  Anyone affected by business operations
• What is the primary responsibility of management towards owners?

  Maximize profit efficiently
• What is a key responsibility of management towards employees?

  Providing good working conditions
• What does providing fair wages mean in management?

  Paying employees what they deserve
• What are the two aspects of working conditions management must ensure?

  Mental and physical workplace conditions
• What is the importance of training for employees?

  It enhances their skills and performance
• What is the difference between stakeholders and shareholders?

  Stakeholders are affected by business operations
• Why is effective communication crucial for management?

  It helps align the organization towards goals
• What is a responsibility of management towards employees?

  Providing good working conditions
• Why is it important for management to provide fair wages?

  To ensure employees feel valued and not cheated
• How can management ensure employees are up to date with company practices?

  By providing regular training sessions
• What does effective communication in management involve?

  Maintaining good human relations with employees
• What is a responsibility of management towards customers?

  Providing fair prices for quality products
• Why is a clean environment important for conducting business?

  It enhances customer experience and satisfaction
• What is a management responsibility towards the government?

  Paying taxes owed
• What must management ensure regarding government regulations?

  Compliance with all labor and safety laws
• How can a company demonstrate good corporate citizenship?

  By sponsoring community events and initiatives
• What does the term "span of control" refer to?

  The number of employees one manager oversees
• What is an example of a wide span of control?

  One manager overseeing multiple departments
• What does the chain of command illustrate?

  Who answers to whom in an organization
• How does the chain of command function in a school?

  The principal oversees all staff and students
• How does a lateral relationship differ from a chain of command?

  Lateral relationships are on the same level
• What is a characteristic of a narrow span of control?

  One manager oversees few employees
• What is the purpose of an organizational chart?

  To represent the structure of an organization
• What are the responsibilities of management towards employees?

  • Provide good working conditions
  • Ensure fair wages
  • Offer training and development
  • Maintain effective communication
• What are the responsibilities of management towards customers?

  • Provide fair prices for quality products
  • Maintain a clean business environment
• What are the responsibilities of management towards the government?

  • Pay taxes owed
  • Comply with regulations and laws
• What are the responsibilities of management towards society?

  • Act as a good corporate citizen
  • Give back to society through initiatives