Management Process and Requirements

Question 1

The Four Cycle of Gems?

Answer 1

➢Goal-Setting
➢Executing the Plan
➢Measuring Results ➢Sustaining Growth

Question 2

❑Synthesizing Information
❑Formulating Alternatives
❑Deciding on the Course of Action
❑Establishing Goals

Answer 2

Goal-Setting

Question 3

▪ Gathers Data – feasible or beneficial to the company
▪ Synthesizes data – examines the entire scenario
carefully (e.g. nature of the business, products (goods
or services to be offered, market demand, and
competition

Answer 3

SYNTHESIZING INFORMATION

Question 4

Considers plan B or plan C as another option in case
plan A does not work well

Answer 4

Formulating Alternatives

Question 5

Make a checklist
▪ Compare the advantages and disadvantages

Answer 5

Deciding on the Courses of Action

Question 6

▪ Set goals or ‘operating’ objectives
▪ Set daily target revenue from sales within certain
level of budget for expenses

Answer 6

Establishing Goals

Question 7

Putting together the resources of people, time, and
money, and materials to implement a business plan

Answer 7

Organizing

Question 8

Includes orienting the workforce about the business
plans, goals, policies, and systems.

Answer 8

Communicating

Question 9

Done by teaching the workforce to properly relate to
customers, especially the difficult and demanding ones

Answer 9

GUIDING