Management’s role and importance to organizational success.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Which of the following is a contra asset account?A) Accumulated DepreciationB) Accounts PayableC) Retained EarningsD) Prepaid Expenses

I am searching for the correct answer to this financial accounting problem with proper accounting rules.

Please provide the answer to this general accounting question with proper steps.

Answer 2

Question

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Answer 6

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Answer 7

Chapter 14, Problem 1LO

Summary Introduction

To discuss: Management’s role and importance to organizational success.

Answer 8

Expert Solution & Answer

Explanation of Solution

The four basic roles of management is planning, organizing, leading and controlling.

Planning: It determines the organizational goals and action plans by way of achieving those goals. Creating strategies to reach the objectives and goals.

Organizing: It determines organizational as well as individual jobs and specify tasks, set policies and coordinate with work activities.

Leading: It directs and motivate the people in the organization to achieve specific organizational objectives.

Controlling: It monitors the performances and making the adjustments if needed.

Importance of management to organizational success:

Generally mangers are very crucial for the success of the organization. Managers plays an important role in controlling and monitoring the employees, allocation of work force, they set the short term for the company.

Management helps in achieving the group goals.
Establishes a sound organization.
Helps in optimum allocation of resources.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Ch. 14 - Prob. 1LO Ch. 14 - Prob. 2LO Ch. 14 - Prob. 3LO Ch. 14 - Prob. 4LO Ch. 14 - Prob. 5LO Ch. 14 - Prob. 6LO

Management’s role and importance to organizational success.

To discuss: Management’s role and importance to organizational success.

Explanation of Solution

Want to see more full solutions like this?

Chapter 14 Solutions