business management

How many management approaches are there?

• 1

• 2

• 3

• 4

types of financial goals are?

• profit maximisation

  maximising market share

  social

• environmental

  maximise profits

  maximise growth

• increasing growth

  maximising market share

  improving share price

• social

  maximising profit

  increasing share price

 

what are the three management approaches ?

• classical, autocratic and democratic

• autocratic, democratic and behavioura

• classical, behavioural and

  contingency

• scientific, bureaucratic and contingency

The definition for the classical approach is?

• management stresses how best to manage and organise workers to improve productivity (output).

• management stresses on autocracy

• management stresses on having a democratic approach

• management stresses on employee and their wellbeing.

having a narrow span of control and a tall organisational structure

 relates to which management approach

• classical

• behavioural

• contingency

is the following statement characteristics of:

coping with change

determining direction

motivating people

• management

• leadership

key characteristics of the democratic leadership style.

• staff works together to make decisions

• tells staff what to do, makes decisions

• expects employees to follow order

• consults with employees, asks for suggestions then decides

what company pursues non financial goals over financial goals

• coca-cola

• lush

• qantas

• HP

the Four financial goals are

• maximising:

  profit, market share, growth and share price

• maximising:

  profit, social media, market share and stocks

• increasing:

  share price, number of sales, profit and shares

two non financial goals are

• social and technological

• social and media

• environment and customer relations

• social and environmental