Question

Which of these focuses on the manager having the ability to lead and using effective management practices in accomplishing the goals of the organization?

1) Human Resource Management
2) Financial Management
3) Operations Management
4) Strategic Management

Answer 1

Strategic Management focuses on a manager's ability to lead and employ effective management practices to achieve organizational goals, involving both long-term vision and direction as well as integrating various management functions. Option 4 is the correct answer.

Step-by-step explanation:

The focus on the manager's ability to lead and use effective management practices to accomplish the goals of the organization is primarily associated with Strategic Management. This domain encompasses various management styles, but the one that relates most closely to leadership and the effective realization of organizational goals is often strategic management, as it focuses on the long-term vision and direction of the organization. It integrates aspects of planning, leading, organizing, and controlling to achieve objectives.

Donald Clifton's strengths-based management and the distinction between transactional and transformational leadership styles are examples that highlight the importance of leadership within strategic management. While transactional leadership emphasizes rewards and punishments, transformational leadership focuses on inspiring and intellectually stimulating employees.

Operational roles such as Human Resource Management, Financial Management, and Operations Management are essential for the day-to-day functioning and efficiency of an organization. Still, they do not focus as heavily on the overarching direction and leadership components as strategic management does. Combining these areas effectively contributes to the strategy that guides an organization towards its long-term goals.