Colleagues blocked by a wall of tangled speech bubbles and emails, illustrating communication barriers
Managerial Economics

Quick answer: Business communication breaks down for personal reasons (poor listening, emotions, fear of conflict, lack of empathy or trust),

Manager speaking to a team with speech bubbles linking departments and customers
Managerial Economics

Quick answer: Effective communication keeps a business running smoothly. It clarifies goals, speeds up good decisions, supports planning and coordination,

Manager comparing actual performance with a standard on a control panel, illustrating controlling
Managerial Economics

Quick answer: Effective control rests on clear objectives and standards, defined control points and responsibility centres, a reliable checking procedure,

Supervisor linked to a group of workers by lines, illustrating span of control
Managerial Economics

Quick answer: Span of control is the number of subordinates a manager can supervise effectively. It is wider when the

Needs pyramid beside employees climbing toward a target
Managerial Economics

Quick answer: Modern theories of motivation fall into two groups. Content theories explain what motivates people: Maslow’s need hierarchy, Herzberg’s

Strict supervisor with a stopwatch beside a collaborative leader with a motivated team
Managerial Economics

Quick answer: Douglas McGregor described two views of employees in The Human Side of Enterprise (1960). Theory X assumes people

Employee with separate hygiene and motivator gauges
Managerial Economics

Quick answer: Frederick Herzberg’s two-factor theory, based on his 1959 study of engineers and accountants in Pittsburgh, says job satisfaction

Employee climbing a five-level needs pyramid, illustrating Maslow’s hierarchy of needs
Managerial Economics

Quick answer: Maslow’s theory says people are motivated by five levels of needs in order: physiological (food, shelter, pay), safety

Manager checking inputs, monitoring work and reviewing results, illustrating feedforward, concurrent and feedback control
Managerial Economics

Quick answer: There are three types of managerial control based on timing. Feedforward control prevents problems before work starts, concurrent

Six-step control cycle from standards to feedback, illustrating the controlling process
Managerial Economics

Quick answer: The controlling process has six steps: set measurable standards, measure actual performance, compare it with standards, analyse significant