Elvin Monteron BSM-2B

Answer the questions:

1. Briefly explain the importance of studying management.

Studying management will provide you with the tools and skills needed to land leadership
positions, head up your own company or organization as well as manage teams, individuals, and
organizations effectively

2. Contrast effectiveness with efficiency.

Effectiveness and efficiency are a central element in the management process. Effectiveness
is the ability to produce a better result, one that delivers more value or achieves a better outcome
while efficiency is the ability to produce an intended result in the way that results in the least waste
of time, effort, and resources.

3. Construct a table showing the amount of skills required in each level of management.

Management Skills Need at Different Levels of Management

9

0
First Line Managers Middle Managers Top Managers

Conceptual Human Technical

4. Choose one Principle of Management and provide specific business situation where it can be used.

- I will choose Division of Labor, so that my organization become more productive.

5. Choose a particular business or industry and rank the roles of managers frequently being used.