Quinn has landed a management position with a pioneering new small business afte
ID: 390014 • Letter: Q
Question
Quinn has landed a management position with a pioneering new small business after many years of working as a regional manager for a nationally known nonprofit. As Quinn starts her new job, she is likely to find that
Multiple Choice
due to the significant differences in large and small firms, her previous experience will be of little value in her new position.
the principles of management are much the same at large and small firms.
nonprofit organizations are motivated by their desire to help people and so financial management is of little concern.
planning is more important to a nonprofit organization and less important to a small business so she will need to adjust the time she spends on the planning function.
Explanation / Answer
the principles of management are much the same at large and small firms.
The Management principles are universal in nature. It could hence be applied across all kinds of Organization, be it small in size or big and whether it is a for-profit Organization or Non-profit in nature. In this regard, Quinn would likely to find that the principles of management are much the same at large and small firms. Only the intensity of the same shall differ depending upon the kind of activities such an Organization is engaged in and the overall goals of the same.
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