ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Leader – This is where you provide leadership for your team, your department or perhaps your entire organization; and it’s where you manage the performance and responsibilities of everyone in the group. Liaison – Managers must communicate with internal and external contacts.

Detailed explanation-2: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling.

Detailed explanation-3: -Managers’ roles fall into three basic categories: informational roles, interpersonal roles, and decisional roles.

Detailed explanation-4: -And they do that by focusing on the six key tasks that constitute the foundations of every general manager’s job: shaping the work environment, setting strategy, allocating resources, developing managers, building the organization, and overseeing operations.