by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Delegation of Authority?The delegation of authority is the process whereby a manager assigns to her direct reports the authority and accountability for the completion of work. Though the manager retains a level of authority and accountability. What is the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
How to Manage the Authority of a Manager?The authority of a manager is generally measured by the: Degree of control (power) exercised, and The number of individuals and resources subject to control. A managers power is the extent to which they have authority over the...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the types of Manager?Within the traditional, hierarchical approach to management, managers generally fall into three categories based upon their position or location within the organizational structure. What is a Top Manager? Top-level Managers are the senior...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the Two Major Views of Managers?Members of an organization and third parties (outside of the organization) generally view managers in two ways: Omnipotent View and Symbolic View.Each of these is discussed below. What is the Omnipotent View of Management?The...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Organizational Effectiveness?Organizational efficiency concerns how well an organization carries out its tasks. It generally measures and balances the time it takes for completion and the costs to the organization. As stated, organizational effectiveness...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is an Organization?An organization is a group of two or more individuals and the coordinated allocation of resources around a common goal or objective. Characteristics of an OrganizationThe elements that distinguish an organization from a loose association of...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Business Management?Business management concerns the identification, coordination, and integration of resources, including individuals, processes, machines, materials, and capital toward the value-producing goals of an organization. Characteristics of Business...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Manager?A manager is an individual within an organization who is in charge of coordinating the efforts of individuals or the allocation of resources. As such, a manager is one who undertakes management activities. What is the Traditional Definition of...
by TheBusinessProfessor | Feb 23, 2025 | Investments, Trading, and Financial Markets
What is an Angel Bond?An Angel Bond is an investment-grade bond issued by companies with high credit ratings.How Does an Angel Bond Work?The credit ratings of angel bonds vary. They can be rated AAA, Aaa, BBB, and Baa. Angel bonds that have AAA and Aaa ratings have...
by TheBusinessProfessor | Feb 23, 2025 | Economic Analysis & Monetary Policy
What is an Autonomous Expenditure?Autonomous expenditure simply refers to spending that must be done, regardless of income. It is the minimum spending by an individual or the government when income is at level zero.Why is Autonomous Expenditure Important?An Autonomous...
