Professional Documents
Culture Documents
EGINEERING MANAGEMENT
1. Technical skills- refer to the skill and knowledge, which is required for performing an operational
activity, in the best manner.
2.Human skill or Behavioral skills- refer to those abilities, which are needed by the manager to
effectively deal with subordinates.
3. Conceptual skills- refer to the ability to visualize the entire picture or to consider a situation in its
totality.
MANAGEMENT STYLE. Complete the table. What Management Style is the best? (30pts)
No sharing of
entire loss
The Partnership is Easy to form Instability Red Bull and GoPro.
partnership the relation Spotify and Uber.
between Large amount of Non Levi's & Pinterest.
persons who capital transferability
have the of interest
agreed to Flexibility of
share the operation Unlimited
profits of liability
a business Balanced
carried on by judgment Mutual
all or any of conflicts
them acting Management and
for all control Lack of public
confidence
Low Cost of
Operations
Internal Financing
Income Tax
Exemption
The main difference between Entrepreneur and Manager is their role in the organization. An
entrepreneur is the owner of the company whereas a Manager is the employee of the company. The
entrepreneur has a vision and focuses on achievements and profit.
This topic is broad, and it also requires careful explanation and thought process. One cannot understand
what it entails or appreciates how it happened without looking at the various areas where the said
evolution occurred. For better understanding, the evolution of management thought will be shared into
four different stages. These include:
Pre-scientific management period - The industrial revolution that took place in the 18th century had a
significant impact on management as a whole. It changed how businesses, as well as individuals, raised
capital; organize labor and the production of goods. Entrepreneurs had access to all the factors of
production such as land, labor, and capital. Theirs was to make an effort to combine these factors to
achieve a targeted goal successfully.
Classical theory - During the classical period, management thought was focused on job content,
standardization, the division of labor, and a scientific approach towards the organization. It also was
closely related to the industrial revolution as well as the rise of large-scale enterprises.
Bureaucratic Model of Max Weber - A German Sociologist called Max Weber proposed this model. And
it includes a system of rules, division of labor hinged on functional specialization, legal authority, and
power, the hierarchy of authority, and placement of employees based on their technical competence.