Chapter 1 Nature and Concept of Management .pdf

Objectives Discuss the meaning and functions of management Explain the functions, roles, and skills of a manager  What were some warning signs of bad management in the video? How did the manager's behavior (good or bad) affect the team's performance in the video?  If the manager mic...

Objectives Discuss the meaning and functions of management Explain the functions, roles, and skills of a manager  What were some warning signs of bad management in the video? How did the manager's behavior (good or bad) affect the team's performance in the video?  If the manager micromanaged the team, how could that affect productivity and employee satisfaction?  A good manager balances the needs of the organization with the well-being of their team, creating an environment where everyone can thrive and contribute to success. Meaning and Functions of Management: Key Concepts Presentation Overview Exploring the Meaning and Functions of Management Concepts  Organization People working or cooperating together in interdependent relationships (social system) goal-oriented psychosocial systems technological systems an integration of structured activities KAST AND ROSENWEIG, 1979  What is Management? Management is the process of coordinating and overseeing the work performance of individuals working together in organizations, so that they could efficiently accomplish their chosen aims or goals. Responsible for using the organization’s resources to help achieve its goals Would you rather... Would you rather... Would you rather lead a team of highly experienced individuals or a team of young, ambitious individuals? Would you rather... Would you rather have complete autonomy in decision-making or collaborate closely with a team? Would you rather... Would you rather prioritize employee satisfaction or shareholder value?