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Society, Management and Accounting

Quick Revision Table

General Management: Concept, Skills, Levels, Functions, MBO, Decision Making

Paper I · Unit 3 Section 10 of 11 0 PYQs 22 min

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Quick Revision Table

Concept Key Fact RPSC Relevance
MBO Peter Drucker, 1954; jointly set SMART objectives MBO 5-mark
Katz's Skills Technical / Human / Conceptual; 1955 Management skills 2-mark
Top Management CEO/Board; Conceptual skills; strategic planning Management levels
Lower Management Supervisors; Technical skills; operational planning Management levels
Fayol's Principles 14 principles (1916); Unity of Command; Scalar Chain Fayol 5-mark
Unity of Command 1 employee = 1 boss; prevents confusion Fayol's 4th principle
Scalar Chain Top-to-bottom authority; Gang Plank for lateral Fayol's 9th principle
Bounded Rationality Herbert Simon, 1955; Nobel 1978; satisficing Decision-making model
Groupthink Irving Janis, 1972; cohesive groups make bad decisions Group decision pitfall
Brainstorming Osborn, 1953; quantity over quality; no criticism Group decision technique
Programmed Decisions Routine, structured, rules-based, lower level Decision types
Non-programmed Novel, unstructured, judgment-based, top level Decision types
Span of Control Number of subordinates per manager; 5–8 complex, 15–20 routine Organisation structure
Efficiency Doing things right (means) Management concept
Effectiveness Doing the right things (ends) — Drucker Management concept