by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What Contingency Factors affect the Manager Planning Process?There are numerous Contingency Factors associated with planning. Organizational level Formal vs informal Environmental uncertainty Length of commitment Specificity Frequency of Use Organizational Level in...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the various different types of Management Planning?Managerial plans can generally be divided into 4 categories: Strategic Tactical Operational Contingency Each of these is discussed below.What is Strategic Planning? A strategy is an orientation or manner for...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Managerial Planning Process?Managerial Planning is a multi-step process that managers undertake as a core function. Some would argue that planning is the most important function, as it provides direction and provides guidance in all of the companies’...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Learning Organization?A learning organization is one whose design actively seeks to acquire knowledge and affect behavior as a result of the newly acquired knowledge. In learning organizations, experimenting, learning new things, and reflecting on new...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Chaos Theory of Management?Chaos theory is a scientific theory has been applied to management practice. It was first introduced in this context by Tom Peters in the 1980s. He stated that managers must be prepared for environmental and technological...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Relationship Management Theory?Tom Peters and Robert Waterman introduced the Relationship Management concept in their text, In Search of Excellence (1982). The book introduced nine principles of management that are embodied in excellent organizations:Managing...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Contingency Approach to Management Theory?The contingency approach, often called the Situational Approach, is based upon the premise that all management is essentially situational in nature. All decisions by managers will be affected (if not controlled) by the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Systems Approach to Management?The Systems Approach to management theory, commonly viewed as the foundation of organizational development, views the organization as an open system made up of interrelated and inter-dependent parts that interact as...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is the Quantitative Approach to Management?The quantitative approach applies statistics, optimization models, information models, computer simulations, and other quantitative techniques to the management process. Decision-Making UnitsCentral to the quantitative...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Management By Objectives (MBO)?Management by Objective, also called Management by Results (MBR), is a theory of management developed by Peter F. Drucker in his book Practice of Management (1954). In summary, MBO is a management system in which the manager and...
