Question: This activity is important because as a manager, you must understand the managerial factors that directly contribute to or measure the success of the four
This activity is important because as a manager, you must understand the managerial factors that directly contribute to or measure the success of the four key management functions planning organizing, leading, and controlling The managerial factors are organizational performance, resources, effectiveness, and efficiency.
The goal of this exercise is to demonstrate your understanding of these managerial factors.
Read the case and answer the questions that follow.
La Belle Chocolate is a chocolatier maker of homemade, handcrafted chocolates based in Austin, Texas. The company started out as a small downtown chocolate shop, but over the past decade it has expanded greatly. It now has stores across the United States often located in malls and it does a brisk mailorder and Internet business, too.
The CEO of La Belle Chocolate, Oscar Campion, wants to ensure that the company is performing well on every measure of managerial effectiveness.
A report sitting on Oscars desk summarizes La Belle Chocolates competitive advantages. It reports on the use of the companys physical assets such as ingredients and ovens as well as intangible assets such as brand awareness. Which managerial factor is this report summarizing?
Multiple Choice
resources
organizational performance
stock price
effectiveness
efficiency
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