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Answer:
1. What important role does management play in organizations?
= The role of the Management is to move an organization towards its purposes or goals by assigning activities that organization members perform.
2. Should one be effective first before being efficient or is it the other way
around?
= Efficiency is doing things the right way, while effectiveness is doing the right things. Something is effective if it produces the intended result, whereas it is efficient if it functions with the least use of resources. It is possible to be effective without being efficient and vice versa.
3. Which among the factors influencing management have the most impact in
businesses in the Philippines? Why do you think so?
= Among the factors influencing mamanagemen, I think the economic environment have the most impact in business in the Philippines. Philippines may be considered as one of the developing countries in Asia, that's why investors do come in out country.