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Authority and Responsibility, Contemporary Management Video Lecture | Contemporary Management - B Com
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FAQs on Authority and Responsibility, Contemporary Management Video Lecture - Contemporary Management - B Com
| 1. What is the difference between authority and responsibility in contemporary management? |  |
Ans. Authority refers to the power or right to give orders, make decisions, and enforce obedience, while responsibility refers to the duty or obligation to complete a task or assignment. In contemporary management, authority is typically delegated from higher-level managers to lower-level managers or employees, while responsibility is assigned based on job roles and functions.
| 2. How does authority impact the decision-making process in contemporary management? | |
Ans. Authority plays a crucial role in the decision-making process in contemporary management. Managers with authority have the power to make and implement decisions, which can significantly impact the organization's success. They have the ability to allocate resources, set goals, and make strategic choices based on their authority level within the organization's hierarchy.
| 3. What are the benefits of delegating authority in contemporary management? | |
Ans. Delegating authority in contemporary management has several benefits. It allows managers to distribute workload and responsibilities among team members, leading to increased efficiency and productivity. Delegation also helps in developing the skills and capabilities of employees, as they get the opportunity to take ownership of tasks and make decisions. It fosters a sense of empowerment, motivation, and accountability within the workforce.
| 4. How can responsibility be effectively assigned in contemporary management? | |
Ans. Effective assignment of responsibility in contemporary management involves clearly defining job roles and expectations. It is important to communicate the tasks, objectives, and deliverables to the individuals or teams responsible. This can be achieved through job descriptions, performance reviews, and regular feedback sessions. Additionally, providing necessary resources, training, and support to those responsible ensures that they have the tools and knowledge to fulfill their responsibilities effectively.
| 5. What are the potential challenges in balancing authority and responsibility in contemporary management? | |
Ans. Balancing authority and responsibility in contemporary management can be challenging. Some potential challenges include micromanagement, where managers excessively control and monitor employees, leading to reduced autonomy and motivation. Another challenge is the risk of delegating too much authority without proper guidance or oversight, which can result in poor decision-making or lack of accountability. Achieving the right balance requires effective communication, trust, and a clear understanding of organizational goals and expectations.
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Nov 23, 2024 Last updated |
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