Question

3. What are the seven challenges for managers?

4. Name the four Functions of management

5. What are the levels of management?

Answer 1

3) Below are few challenges for managers.

• Achive the stretch targets or goals.
• Getting maximum work from the employees.
• Dealing with low performance employees
• Praising of best performed employees with huge competition.
• Hiring of right employee to perticular tasks
• Resolving crisis or issues in the orgnaization
• Continuous improvement of business activities.
• reducing the errors or defects within the organization to achieve good quality.
• Enhancing the profit by reducing the unwanted cost within the organization.

4) Below are four functions of management.

• Planning.
• Organizing.
• Leading.
• Controlling

5) Below are the levels of management.

• Top level management: Top level management makes set of goals, mission, visions, and involve in decision making. Mostly CEO, COO, board directors are involve in top management.
• Middle level management: Middle management will act as a intermediate between the top and bottom level management. Middle level management involve in allocating resources, develop strategies, Implementation. Etc. Middle level management are directly report to the top management.
• Bottom level management: Bottom level management involves employees, labours who directly report to the middle level management. Bottom level management people are involved in day to day business operations such as production, selling, buying, marketing etc. Bottom level management people co-ordinate with many other bottom level management and middle level management to perform specific tasks.

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