Business Administration Study Guide Chapter 11 – Introduction to Management 1. Why are companies more incline to provide training programs for employees that move into management positions? It is in their best interest for these employees to succeed. Promoting employees from within an organization will be less costly overall. 2. What level of management is involved in planning? Top, MidLevel, Supervisors/First-Line? Top 3. What advantage does a company have if they promote current employees rather than hiring someone off the street. Again, it is less costly to do this. Employees are also already familiar with the policies and procedures within the organization. This can also be a motivator for employees to do well and work hard, if they know there is a chance for promotion. 4. Why is it important for a manager to have good relationships with their employees? As a manager, it is your job to lead and motivate employees. If you don’t establish good relationships with your employees this could prove difficult. 5. As a supervisor, should you always fire employees that violate the work rules? If an employee shows up to work late, they are violating the work rules. Should they be fired on the spot? Explain your answer. 1 | Page Frey/14-15 Business Administration Study Guide No, you should not just fire them on the spot. Use a three step warning system. Step 1: Verbal Warning, Step 2: Written Warning in personnel file, Step 3: Face-to-Face meeting ending in dismissal. 6. What is the first level of management that works directly with employees? Supervisors or First-Line Managers 7. As a supervisor, why is it important to show employees the importance of company goals? If they don’t know or understand the goals within the organization it will be hard for them to do a good job and help the organization reach their goals. This information needs to be communicated on a regular basis. 8. What are some of the ways a supervisor can improve an employee’s work performance? Guide, Lead, Motivate employee, Provide training opportunities 9. What are the steps in the decision-making process? Identify the Problem, Generate Alternative Solutions, Select your best option, Evaluate the effectiveness 10. How many possible solutions should be created when trying to solve a problem? As many as you can think of 11. List and explain the four main functions of management. 2 | Page Frey/14-15 Business Administration Study Guide Planning – creating goals and objectives of an organization Organizing – grouping resources and activities to accomplish organizational goals Implementing (Leading (influencing) and Motivating (get employees to work in the best interest of an organization)) Controlling – evaluated and regulate ongoing activities 12. What are the responsibilities of a manager? Help an organization reach their goals through successful completion of the 4 management functions 13. How is the effectiveness of a supervisors work determined? The performance of their employees and accountability in management meetings. 14. Define management. Organizing people and resources to reach the goals of an organization. 15. List and provide an example for each of the 4 management resources discussed in this chapter. Human – people, employees Financial – payroll, accounting, investing Informational – external information used to make decisions and perform tasks Material – physical, tangible items 3 | Page Frey/14-15 Business Administration 16. Study Guide List the three steps involved in the control function. Set standards, Measure Performance, Take Corrective Action 17. List and describe the 6 areas of management specialization. Finance – accounting and investment Operations – the process of converting resources into goods and services Marketing – communication link between organization and customers Human Resources – hiring, training, evaluating, firing Administration – general manager that provides overall guidance and leadership Other (R&D) – Research and development 18. Explain the difference between interpersonal and communication skills. Interpersonal – relationships with others Communication – verbal and written 19. What is said to be the first management function because all the other management functions depend on it? 4 | Page Frey/14-15 Business Administration Study Guide Planning 20. Which of the four management resources is an organizations most important resource? Human, the people you have working for you. 5 | Page Frey/14-15