ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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mixed management
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mismanagement
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management by committee
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management by others
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Detailed explanation-1: -Other employees are not experienced enough to work with-out close supervision. As a result, effec-tive managers are prepared to use both styles. The combined use of tactical and strategic management is known as mixed management.
Detailed explanation-2: -The administrative process of selecting among appropriate ways and means of achieving a strategic plan or objective. The use of tactical management in a business environment allows a manager to choose the best tactics or methods for each situation that arises, rather than following a particular standard procedure.
Detailed explanation-3: -In this structure, an employee has to report to two managers at the same time. For example, an accountant works in a finance department and manages the company’s accounts. The same accountant is also responsible for handling the cash flows of the new project.