A management professor once said that for successful management, studying the present was most important, studying the

Question:

A management professor once said that for successful management, studying the present was most important, studying the past was next, and studying the future was least important. Do you agree? Why?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Understanding Management

ISBN: 978-0324568387

6th Edition

Authors: Richard L Daft, Dorothy Marcic

See More Books

Question Posted: Sep 12, 2012 04:59 AM

See More Questions

Do you agree that this course is the most important course in the business school? Isnt accounting more important? No business can exist without accounting. Or isnt management more important? After...
Why do you think it is important for a management accountant to be able to complete an evaluation of the firm separate from an evaluation of individual managers?
Do you agree that EQ (EI) may be more important than IQ and may be applicable to effective interpersonal relations and performance in the workplace? Why?
just finished the business plan of his start-up company. According to the projections he carried-out, the initial investment is 1,500,000 SAR (assume that we are in the beginning of 2023), which will...
In a two-period CRR model with = 1% per period, S(0) = 100, u = 1.02 and d = 0.98, consider an option that expires after two periods, and pays the value of the squared stock price, S2(t), if the...
NASA is planning a deep space probe involving extensive scientific experimentation. The guidance system for the space vehicle is obviously critical. The system is comprised of six independent...
Verify that the fluctuating component of velocity (2D assumption) satisfies the following equation: \[\begin{equation*}\frac{\partial v_{x}^{\prime}}{\partial x}+\frac{\partial...
The condensed financial statements for OIL Inc. and ERS Company for the year ended December 31, Year 5, follow: On December 31, Year 5, after the above figures were prepared, OIL issued $240,000 in...
Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80% complete) Kilograms started into production during May Kilograms completed and transferred to Coating Kilograms...
Springsteen, Inc. is a large furniture manufacturer, located in Asbury Park, New Jersey. They sell to furniture wholesalers across the United States and internationally. Revenues last year exceeded...
Based on your experience at work or school, describe some ways in which the principles of scientific management and bureaucracy are still used in organizations. Do you believe these characteristics...
Why can new information such as produced in the Hawthorne Studies give rise to a major turning point in the history of management even if the idea is later shown to be in error? Discuss.
Use the Divergence Theorem to evaluate the flux $\iint_{\mathcal{S}} \mathbf{F} \cdot d \mathbf{S}$. \(\mathbf{F}(x, y, z)=\left\langle e^{z^{2}}, 2 y+\sin \left(x^{2} zight), 4 z+\sqrt{x^{2}+9...
A developed money market plays an important role in the financial system of a country by supplying long-term funds adequately and quickly to trade and industry. Explain
Spalding Company has offered to sell to Ping Company its assets at their book values plus $1,800,000 representing payment for goodwill. Operating data for 2023 for the two companies are as follows:...
Describe three reasons why cultural diversity is a concern for special educators.
Larry Davis borrows $74,000 at 10 percent interest toward the purchase of a home. His mortgage is for 20 years. calculate your final answer using the formula and financial calculator methods.
You buy a stock for $46 per share and sell it for 50$ after holding it for slightly over a year and collecting a $1 per share dividend. If dividend income taxed at 21% rate and capital gains are...
Show the result of deleting the values 18, 19, and 20 (in that order) from the B+-tree of Figure 10.22b. 101215 18 18 19 20 21 22 23 (b) 23 30 31 33 45 47 48 50 52
In Exercises evaluate the limit, using LHpitals Rule if necessary. lim 07x cos x X
How is the amount to be reported as cost of goods sold by the consolidated entity determined when there have been intercorporate sales during the period?
Indicate how dissimilarities in the economic, sociocultural, and legal political environments throughout the world can affect business operations.
Discuss why cultural intelligence is necessary for managers working in foreign countries.
Describe how regional trading alliances are reshaping the international business environment.
Concentric conducting spherical shells carry charges Q and -Q, respectively. The inner shell has negligible thickness. What is the potential difference between the shells? (Use the following as...
A client required an IP address from DHCP server, please list the steps of the DHCP process?
Bijan's pipelined processor features separate instruction and data caches. The instruction cache (I-cache) has a single level and the data cache (D-cache) has two levels, as shown in the figure...

A management professor once said that for successful management, studying the present was most important, studying the

Question:

Step by Step Answer:

Studying the present keeps a manager current about the environmental ...View the full answer

Understanding Management

Students also viewed these Management Leadership questions