1.What are the common characteristics of all companies? Can a manager have opera
ID: 402989 • Letter: 1
Question
1.What are the common characteristics of all companies? Can a manager have operation responsibilities? explain. What are three characteristics that a manager must have to be successful in today's ever changing world? Give an example of each.
2.Explain the "hierarchy of managers." Explain the roles of each of the three levels.
3.What are some of the Managerial implications of the "global village?" With regards to large organizations, what is the significanca between a multi-national corporation and a trans-national corporation?
Explanation / Answer
Ans-1)Characteristics of all campanies- (1) coordination of effort, (2) common goal or purpose, (3) division of labor, and (4) hierarchy of authority. The responsibilities of an operations manager involves the process of planning, designing, and operating production systems and subsystems. Most managers have operations management responsibilities; these include product design, facility location, facility design and layout, quality assurance, materials management and inventory control, scheduling, and maintenance planning. When managing warehouse or transport staff, the role may also include: Implementing health and safety procedures Managing staff training issues Motivating other members of the team Project management Setting objectives Ans-2) "hierarchy of managers." First-Level Managers- First-level managers, sometimes called lower-level managers, are at the bottom of the managerial hierarchy. They are in contact with non management employees, often serving as supervisors or retail managers, or in other capacities that involve the day-to-day business operations. Their tasks often include scheduling, budgeting, human resources activities and disciplinary measures. Mid-Level Managers Mid-level managers, or middle managers, are a step above the first-level managers. They serve as intermediaries between lower-level managers and the highest level within the management hierarchy. These managers may still be involved in the daily company operations, but they often depend on the input of first-level managers. Mid-level managers are generally operations managers or general managers, but they can also serve as regional managers. Upper-Level Managers Upper-level managers are the top executives in a company. They rely on input from mid-level managers to determine what direction the company is heading and if any changes need to be made. Upper-level managers usually include chief executive officers, chief financial officers and other top leaders responsible for developing the company's vision and making the executive decisions that affect the organization's future. Ans-3)Global village -It is based on the medieval era that very few people left their own village and only with permission of the local lord,know we live in one big village the world ,only a few leave ake space and only the nation with permission aka passports. Multinational Corporation- Any corporation registered and operating in more than one country at a time, usually with its headquarters in a single country. A firm's advantages in establishing itself multinationally include both vertical and horizontal economies of scale (reductions in cost that result from an expanded level of output). Critics usually regard the multinational corporation as destructive of local economies abroad and as prone to monopolistic practices. Transnational corporation-- A transnational corporation (TNC) differs from a traditional MNC in that it does not identify itself with one national home. While traditional MNCs are national companies with foreign subsidiaries,TNCs spread out their operations in many countries sustaining high levels of local responsiveness. An example of a TNC is Nestl
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