After reading this article you will learn about the responsibility of managers towards different segments of the society. Responsibility towards Shareholders or Owners: In case of a company, the directors have the following responsibilities towards the shareholders: 1. Shareholders are a source of funds for the company. They expect a high rate of dividend on the money invested by them [...]
Future managers will have to face the following problems: 1. Increased Complexity of Decisions 2. Outlook for Management Education 3. Insufficiency of Existing Organisation Structure. 1. Increased Complexity of Decisions: The decision-making process will become more complex in the future because of two important reasons. The first reason is that managers are getting more and better information. The availability of [...]
After reading this article you will learn about the managerial, interpersonal, informational and decisional roles of a manager in an organisation. Managerial Roles of a Manager: While analysing the nature of managerial work, Henry Mintzberg, by closely observing the day-to-day activities of a group of chief executive officers (CEOs), suggested that the formal authority granted to managers by the organisation [...]