0
Still curious? Ask our experts.
Chat with our AI personalities
Devin
Rafa
LaoAdd your answer:
Earn +20 pts
Explain the term of production and operation management and describe its activities?
Production management has been the traditional term used to describe all the activities managers do to help their firms create goods.
Draw block diagram of management Information System development and explain it?
You will first need to know all of the parts necessary before beginning. Then you can draw out the diagram and label all the parts.
What is the decision making process?
It is rightly said that the first important function of management is to take decisions on problems and situations. Decision-making pervades all managerial actions. It is a continuous process. Decision-making is an indispensable component of the management process itself.Drucker recommended the scientific method of decision-making which, according to him, involves the following six steps:Defining / Identifying the managerial problem,Analyzing the problem,Developing alternative solutions,Selecting the best solution out of the available alternatives,Converting the decision into action, andEnsuring feedback for follow-up.
What is the difference between business management and finance management?
Financial management is the management of monetary resources in an organization. Business management is the management of all aspects of an organization, not only monetary resources but human resources, marketing etc.. as well.
Is called the first management function because all other management functions depend on it?
Planning
