Week 4: The Environment of Management PDF

Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession Week The Environment of Management Copyright 2022(Cert#2022-0249-A)...

Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession Week The Environment of Management Copyright 2022(Cert#2022-0249-A) Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession Learning Outcomes: At the end of the lesson, you are expected to: Discuss the management theories Discuss the impact of technology on a workplace Identify the social responsibility of a manager as a person Discuss the managing of diverse employees Learning Content Management theories “are collection of ideas that recommend general rules for how to manage an organization or business. It addresses how supervisors implement strategies to accomplish organizational goals and how they motivate employees to perform at their highest ability”, (Indeed, 2021). Reasons of applying a management theory in a workplace: Increased productivity: Leaders can use these theories to learn how to get the most out of their team members, improving performance and increasing productivity. Simplified decision-making: Management theories provide leaders with strategies to speed up decision-making, allowing those leaders to be more effective in their roles. Increased collaboration: Leaders learn how to encourage team member participation and increase workplace collaboration. Increased objectivity: Management theories encourage leaders to implement scientifically proven changes rather than relying on their own decision. Management theories in the workplace 1. Invest in employee training and seminar – encourage your employees to attend trainings and seminar. This will Improve their performance, skills and knowledge and it increases their agility. 2. Give employees power in making decisions – be an encouraging mentor who encourages his or her employees to participate in decision-making. Actively involving employees in decision-making increases overall company morale. Copyright 2022(Cert#2022-0249-A) Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession Participation in the decision-making process allows each employee to express their opinions and share their knowledge with others. 3. Flatten the organizational hierarchy- It refers to an organizational structure with few or no management levels between management and staff level employees. Employees are supervised less in a flat organization, which encourages them to participate more in decision-making. Technology and Organizational Behavior Nowadays, technology has an impact on every aspect of the workplace. Below are the categories where technology plays a leading role (Lumen Learning, n.d.) 1. Communication. With the advancements of technological, communication is now easier than ever before. 2. Workplace Environments. The workplace has changed as a result of technological advancements. Most of businesses/ organizations are entirely online and do not require a physical location. 3. Organization and Efficiency. With the use of technology, companies can now be more organized, as documents can now be signed electronically and quickly sent wherever they need to go. Training and development can now be delivered online, allowing individuals to complete training on their own time and removing the need to work around multiple schedules to hold a training event. 4. Accessibility. Advancement in technology enables people to stay in touch with their work at all times. Accessibility of technology is a necessity for almost every organization. The Manager as a Person Traits and Managers as A Person Successful managers vary widely on the “Big Five”. Understanding these characteristics is important because it explains a manager's approach to planning, leading, organizing, and so on. Managers should also be aware of their own personality and try to minimize problem areas. The Big Five Traits 1. Extroversion – they are positive and optimistic about themselves and the world. They are sociable and friendly. Copyright 2022(Cert#2022-0249-A) Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession 2. Negative Affectivity - occurs when people have negative moods, are critical, and are distressed. 3. Agreeableness – they like to get along with others or who cares about others. 4. Conscientiousness – they are careful and persistent. 5. Openness to experience – they are original and have a wide range of interests, so they are open to new experiences. Social Responsibilities of Managers Social responsibilities may be defined as “the obligation of management towards, the society and others concerned with the activities of the organization” (Management Study Guide, 2021). Social responsibility. It is the obligation and commitment of managers to protect and improve the society’s welfare along with protecting their own interest. Reasons for Social Responsibility of a Managers Organizational Resources – These are in a form of men, money, competencies, and functional expertise. Precautionary measure - It deals with time management in resolving social issues and problems. Moral Obligation – It is the obligation of the manager to solve or remove the social problems in the organization. Efficient and Effective Employees – It is the responsibility of the managers to recruit employees with the best skills and competencies. Better Organizational Environment – a better organizational environment will consequently have a better society that will create a better business work environment. Social responsibilities of management (Singh, n.d.) 1. Responsibility towards owners. It is the responsibility of the management to assure a fair and reasonable rate of return of investment and dividend to the investors or stockholders. Copyright 2022(Cert#2022-0249-A) Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession 2. Responsibility towards employees. It is the responsibility of the management to provide fair wages and salaries as well as the welfare of the employees, their safety and secretary working conditions, medical facilities, housing, canteen, leave and retirement benefits 3. Responsibility towards consumers. It is the responsibility of the management to satisfy consumer needs and protect the interests of the consumer/ customer. The goods or products must meet the quality and standard at reasonable prices. 4. Responsibility towards the governments. It is the responsibility of the management to honestly pay all the taxes and dues. 5. Responsibility towards the community and society. It is the responsibility of the management to balance the company’s growth and the welfare of society and the environment. Managing Diverse Employees Managing diversity is defined as "planning and implementing organizational systems and practices to manage people in order to maximize the potential benefits of diversity while minimizing its potential disadvantages”, Taylor Cox in Cultural Diversity in Organizations. Top Five Benefits of Having a Diverse Workforce (Blue Collar People, 2021) 1. Innovation. One of the most significant advantages of having a diverse workforce is increased workplace innovation. Because employees see and think differently, interactions with one another result in the sharing of ideas, knowledge, and experiences, making brainstorming much more fruitful. 2. Increased adaptability. Having a diverse employee base increases your organization's adaptability in the market because a diverse workforce is better able to understand what the consumer wants. 3. Easier recruitment and retention. Because high-quality employees are scarce, you must do everything possible to acquire the few that exist. People valued diversity when evaluating job offers and companies, making diversity essential for quality recruitment. 4. Increased Productivity. Diversity in the workforce ensures diversity in the way people think. It also provides you with a diverse range of expertise and experience Copyright 2022(Cert#2022-0249-A) Buraga, R. and Cabauatan, D. Learning Module in Leadership and Management in the Profession in specific processes, encouraging your employees to interact and learn from one another. 5. Broader market. Having a workforce with a diverse set of skills and experiences (including cultural understanding and languages) enables your company to serve customers from all over the world. And, given the ease with which businesses can conduct cross-border transactions in this day and age, this is a significant competitive advantage. Copyright 2022(Cert#2022-0249-A)