Management Answer Note #2

Question 1 Exercise#1 Q#1. Write the definition of management, identify four managerial positions, and give practical examples of how each involves the five functions of management? Q#2. Explain what is meant by the phrase “The management process”. Q#3. Assume the role of the investigative reporter for the television series “60 Minutes”. Report a specific situation showing why it is important for the management to understand how an organization is influenced by its general environment? Q#4. Discuss why the economy is an important component of the general environment? Q#5. As a future manager, why should you want to know about the motivation? Q#6. Imagining that you are a potential investor, perform a brief “SWOT” analysis on a business {Mc McDonald’s or Pizza Hut} in your city? Answer 1. Write the definition of management, identify four managerial positions, and give practical examples of how each involves the five functions of management? Management can be defined as the process of coordinating and overseeing the activities of individuals and groups to achieve predetermined goals and objectives efficiently and effectively (Robbins, Coulter, & DeCenzo, 2019). It involves planning, organizing, leading, and controlling resources in order to achieve organizational goals. Four managerial positions include top-level managers such as CEOs and presidents, middle-level managers such as department managers and regional managers, first-line managers such as supervisors and team leaders, and non-managerial employees who may have managerial responsibilities. Let's take the example of a fast-food chain like McDonald's. The CEO would be the toplevel manager responsible for setting overall goals and strategic plans for the entire company. They would use the function of planning to develop a marketing strategy to increase sales. Middle-level managers, like the regional managers, would use the function of organizing to assign tasks and responsibilities to the different McDonald's locations in their region. First-line managers, such as shift supervisors, would use the function of leading to motivate and guide employees on the day-to-day operations of the restaurant. And for non-managerial employees, like crew members, they may use the function of controlling by monitoring food quality and customer service to ensure the company's standards are met. Q