BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They use a minimum amount of resources for the amount of outputs produced
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They devote a large amount of time to planning
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They achieve their goals
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They interview, select, and train people who are most suitable to fill open jobs
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Detailed explanation-1: -The correct answer is a. They use a minimum amount of resources for the amount of output produced. This is the fundamental definition of efficiency-using as little as possible to generate as much as possible.
Detailed explanation-2: -To be an effective manager, you need to be confident in your abilities, experience, and decision-making skills. This doesn’t mean you have to be arrogant or feel that you’re better than your employees. But you’re in a management role for a reason, your confidence will empower your team to be the best they can be.
Detailed explanation-3: -Which of the following characterize a manager as being effective? They use a minimum amount of resources for the amount of outputs produced. They devote a large amount of time to planning. They achieve their goals.
Detailed explanation-4: -Every organization has ‘Managers’ who are entrusted with the responsibility of guiding and directing the organization to achieve its goals. Managers administer and coordinate resources effectively and efficiently to channelize their energy towards successful accomplishment of the goals of the organization.
Detailed explanation-5: -Nature and Characteristics of management are Goal Oriented, Universal, Integrative Force, Social Process, Multidisciplinary, Continuous Process, Intangible, and Art and Science both.