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The participative management style is a way to get things done/do or make a decision with involvement of get/getting opinions from the staff. What is normal/normally done is that you take the inputs from your staff and modify them into your decision. This management style has the element of democratic/democracy but it involves more intensive input from another/others. And the key difference/different is that the decision is based on the logic/logical evaluation of various options. The participative/participation management style is used when you want to make certain changes of politics/policy.
The laissez faire management style involves getting things done through peoples/people. However the way you get the job done is that you set/setting the tasks and give your staff a totally/total freedom to finish the task entirely on their own. It is the most appropriate/appropriately to apply this management style when dealt/dealing with confrontation or conflicts.
5. Complete the text by choosing the correct option: A, B, C, to fill each gap.
Human Resource Management is the organizational 1________that deals with issues related to people such as compensation, hiring, performance management, organization development, safety, benefits, employee motivation, 2_________, administration, and training.
Strategic management is defined 3_____a set of decisions and actions that result in formulation and implementation of plans to achieve the company’s objectives. It is the process of specifying the organization's mission, vision and objectives, developing 4_____ and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.
Financial Management can be defined as the management of the finances of a business / organization in order 5______ financial objectives.
Taking a commercial business as the most 6_____ organizational structure, the key objectives of 7_____management would be to:
• create wealth for the business;
• generate cash;
• provide an adequate return on investment bearing in mind the risks that the business is 8______and the resources invested.
1. A) goal B) function C) objective
2. A) communication B) talk C) conversation
3. A) that B) as C) like
4. A) polices B) politics C) policies
5. A) to achieve B) to get C) to take
6. A) usual B) normal C) common
7. A) finance B) financing C) financial
8. A) taking B) making C) getting
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