- 10 Marks
Question
State and explain FIVE categories of management’s responsibility as suggested by Peter Drucker.
(10 Marks)
Answer
- Setting Objectives
- Management is responsible for setting the overall objectives of the business to ensure that it is aligned with its goals and mission.
- Organizing the Group
- Managers need to organize resources, including personnel, finances, and operations, to ensure that the business objectives are achieved.
- Motivating and Communicating
- Effective communication and motivation are essential for keeping employees aligned with organizational goals and maintaining morale.
- Measuring Performance
- Managers must regularly monitor and assess the performance of the workforce, making adjustments as necessary to meet set targets.
- Developing People
- Management is also responsible for nurturing and developing employees, ensuring that their skills grow alongside the business’s needs.
- Tags: Development, Management Responsibility, Organizing, Performance, Peter Drucker
- Level: Level 1
- Topic: Management, Individual, and Organizational Behavior
- Series: NOV 2021
- Uploader: Theophilus