In: Finance
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A local company has recently hired a new CEO. The new CEO decides that the company could perform much more efficiently if the shipping and receiving department was combined with the logistics and transportation department. Which management function is the new CEO performing?
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1. A local company has recently hired a new CEO. The new CEO decides that the company could perform much more efficiently if the shipping and receiving department was combined with the logistics and transportation department. Which management function is the new CEO performing?
Answer: a. Organizing
Explanation: Organizing function of management synchronizes and combines the human , physical and financial resources of the organization. It involves assigning tasks, grouping tasks into departments, delegating authority and allocating resources across the organization.
In the case provided, the CEO has decided to combine two departments for better efficicency. So, he is performing Organizing - management function.
2. Martha Stewart employs a(n) __________ style of leadership for her lifestyle brand Martha Stewart Living. She makes every decision, no matter how small. Martha is able to make quick decisions due to her consistent vision. Her style can be described as:
Answer: c. autocratic
Explanation: Autocratic Leadership - making managerial decisions without consulting others.
In the case provided, Martha Stewart is making every decision quickly and without others consultation. So, she is employing an autocratic leadership style.