Functions of management.

List and describe the four functions of management.
Describe how a businessperson could be an effective leader yet an ineffective manager.
Briefly describe the managerial attitudes behind Theories X, Y, and Z.
List and describe the components of Maslow’s Hierarchy of Needs.

 

Sample Solution

Functions of management

While most positions and departments within a business are tasked with specific duties based on particular knowledge, expertise, or company needs, managers can have a broader and more complex set of responsibilities. All managers perform four basic functions of planning, organizing, leading and controlling, though some will spend more time on some functions than others depending on their managerial role in an organization. These functions work together in the creation, execution and realization of organizational goals. Managers first need to develop a plan, then organize their resources and delegate responsibilities to employees according to the plan, then lead others to efficiently carry out the plan, and finally evaluate the plan`s effectiveness as it is being executed and make any necessary adjustments.

ned the recuperation of the default might be a “credit negative” for SBI and PNB. The transporter had not seen the finance throughout the previous three months and was neglecting to pay the interest. The public authority had allowed Rs.500 crore to ensure interests are gotten and installments made. Air India was moving to store up 111 specialty for the advance, that was hazardous for the Controller and Auditor General (CAG). This was expressed as the never-ending critical clarification for obligation issues at Air India. The consolidation between Air India and Indian Airlines was pondered as a “terrible time”. The consolidation shut with complete obligation with absolute value inflows. The CAG report lined assortment of parts of Air India’s misfortunes, as well as boat procurement, consolidations, genuine obligation trouble, delays in association the overall carrier, gathering of the star coalition and its financial and functional exhibition. The assistance securing took “pointlessly significant time-frame”.

On 14 July 2010, Air India President Arvind Jadhav broadcasted the expectation to make the new Terminal three for worldwide and homegrown activities, with plans to send off new non-stop trips to Chicago and Toronto, taking up most global long stretch flights which was because of absence of region. This gave extra accommodation to workers who must be constrained to move among global and homegrown terminals chose completely totally various sides of the arrival field. Presently, they could find interfacing planes at indistinguishable terminals. Arvind Jadhav wished to change 111 specialties requested in 2006 to prompt a thin body make as opposed to wide bodying make.

Air India has won a few honors and awards as well as Reader’s Digest, Best South Asian Airlines, World’s first All-Jet Airlines, World’s Largest Operator of Airbus and bunches of extra titles. In any case, rising fuel costs caused a sharp decrease in rush hour gridlock. With dynamical government rules, Air India needed to manage worldwide aircrafts that offer higher types of assistance and less expensive costs including Kingfisher Airlines and Jet Airways. Second, there was a scar and a deficiency of Rs.7200 crore when it joined with Indian Airlines. The consolidation show a few difficulties to Air India’s endurance. Air India acquired US $ 534 million from the public authority of India to conceal its misfortunes. In July, SBI not entirely set in stone to orchestrate a restoration procedure for Air India. Arvind Jadhav conjointly made a cutting edge set up with the help of Accenture and SBI Capital, but it ended up being fruitless. The design of the framework became overlarge and wasteful on account of the fragmented affiliation. There had been two arrangement of chiefs for each position, and none shared. The strength of

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