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Exam (elaborations)

Business Leadership Exam ReviewGraded A+

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Business Leadership Exam Review Levels of Managers 1. Top Managers 2. Middle Managers 3. Project Managers 4. Team Leaders/Supervisors Top Manager guide the preformance of an organization as a whole Middle Manager oversee the work of large departments project manager coordinat...

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  • April 17, 2024
  • 7
  • 2023/2024
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Business Leadership Exam Review
Levels of Managers
1. Top Managers
2. Middle Managers
3. Project Managers
4. Team Leaders/Supervisors


Top Manager
guide the preformance of an organization as a whole


Middle Manager
oversee the work of large departments


project manager
coordinate complex projects with task deadlines


Team Leader/Supervisor
supervise non-managerial workers, report to middle managers


Types of Managers
1. Line Managers
2. Staff Managers
3. Functional Managers
4. General Managers
5. Administrator


Line Manager
directly contribute to producing the organization's goods or services


Staff Managers
use special technical expertise to advise and support line workers


Functional Managers
responsible for just one organizational activity (e.g. Accounting)


General Manager
responsible for complex, multi-functional units


Administrator
Managers in a public or non-profit organization


4 functions of management
planning, organizing, leading, controlling

, 21st Century Skills
promote yourlself, learn soft and hard skills, build strong rapports, be aware of how you present
youself on social media, know how to manage relationships with different generations, work smarter,
not harder


What is corporate culture?
the beliefs and behaviors that determine how a company's employees and management interact and
handle outside business transactions


purpose of benifits of corporate culture
1. Gives team memers a sense of shared identity
2. makes employees commited and loyal
3. reduces anxiety
4. shapes individual and team behaviour


Major components of emotional intelligence (+explanations)
a. Self-awareness - understanding own emotions
b. Self-management - controlling own emotions
c. Social awareness - developing rapports with others
d. Relationship management - understanding others' emotions


The Planning Process
1). Define your objectives
2). Determine where you stand
3). Develop premises regarding future conditions
4). Analyze alternatives and make a plan
5). Implement the plan and evaluate results


Types of Plans (+explanations)
1. Short range plans (1 year or less)
2. Long term plan (3 years or more)
3. Strategic plan (adressing long term needs, and setting direction for an organization)
4. Operational plan (define what needs to be done in specific areas)


Planning tools
- Forecasting
- benchmarking
- contigency planning
- scenario planning


Forecasting
Making assumptions about what will happen in the future


Benchmarking
uses external comparisons to better evaluate current prefromance


Contingency planning
identifies alternative courses of action to take if things go wrong

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