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The planning, organizing, leading, and controlling of human and other resources to achieve organizational goals effectively and efficiently |
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planning, organizing, leading, and controlling |
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Collections of people who work together and coordinate their actions to achieve a wide variety of goals |
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people, skills, knowhow, machinery, raw materials, computers and IT, and financial capital |
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Organizational Performance |
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A measure of how efficiently and effectively managers use organizational resources to satisfy customers and achieve goals |
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A measure of how well or productively resources are used to achieve a goal |
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Process of identifying and selecting appropriate goals and courses of action |
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Steps in the planning process
Deciding how to allocate organizational resources
Deciding what courses of action to adopt
Deciding which goals to pursue |
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1. Deciding which goals to pursue 2. Deciding what courses of action to adopt 3. Deciding how to allocate organizational resources |
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cluster of decisions about what goals to pursue, what actions to take, and how to use resources to achieve goals (used for Planning) |
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structuring working relationships in a way that allows organizational members to interact and cooperate to achieve organizational goals |
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A formal system of task and reporting relationships that coordinates and motivates organizational members so that they work together to achieve organizational goals |
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Articulating a clear vision and energizing and enabling organizational members so they understand the part they play in attaining organizational goals |
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Evaluating how well an organization is achieving its goals and taking action to maintain or improve performance |
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The outcome of the control process? |
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the ability to measure performance accurately and regulate efficiency and effectiveness |
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A group of people who work together and possess similar skills or use the same knowledge, tools, or techniques to perform their jobs |
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Responsible for the daily supervision of non-managerial employees |
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Supervise first-line managers and is responsible for finding the best way to use resources to achieve organizational goals |
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establish organizational goals, decide how departments should interact, and monitor the performance of middle managers |
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who spends most time planning? |
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who spends most time leading? |
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Conceptual skills Human skills Technical skills |
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The ability to analyze and diagnose a situation and distinguish between cause and effect. |
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The ability to understand, alter, lead, and control the behavior of other individuals and groups. |
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The specific knowledge and techniques required to perform an organizational role. |
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Technical skills. Specific set of skills, abilities, and experiences that allows one organization to outperform its competitors |
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Two recent changes in MGT prcatices? |
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Restructuring and outsourcing |
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downsizing an organization by eliminating the jobs of large numbers of top, middle, or first-line managers and non-managerial employees |
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contracting with another company, usually in a low cost country abroad, to perform an activity the company previously performed itself
Promotes efficiency by reducing costs and allowing an organization to make better use of its remaining resources |
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Expansion of employees’ knowledge, tasks, and decision-making responsibilities |
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a group of employees with the responsibility for organizing, controlling, and supervising their own activities and for monitoring the quality of the goods and services they provide |
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Challenges for Management in a Global Environment?? |
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Rise of Global Organizations. Maintaining Ethical and Socially Responsible Standards. Managing a Diverse Workforce. Practicing Global Crisis Management. Building a Competitive Advantage. Hyper Rate of Change in the Environment. |
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organizations that operate and compete in more than one country |
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Ability of one organization to outperform other organizations because it produces desired goods or services more efficiently and effectively than they do |
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building blocks of competitive advantage |
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Efficiency, quality, innovation and responsiveness to customers all pointing at competitive advantage |
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process of creating new or improved goods and services or developing better ways to produce or provide them |
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Crisis management involves making important choices about how to: |
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1. Create teams to facilitate rapid decision making and communication 2. Establish the organizational chain of command 3. Recruit and select the right people 4. Develop bargaining and negotiating strategies to manage conflicts |
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tendencies to feel, think, and act in certain ways that can be used to describe the personality of every individual |
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Tendency to experience positive emotions and moods and feel good about oneself and the rest of the world
–Managers high in extraversion tend to be sociable, affectionate, outgoing and friendly –Managers low in extraversion tend to be less inclined toward social interaction and have a less positive outlook |
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Tendency to experience negative emotions and moods, feel distressed, and be critical of oneself and others |
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–Tendency to get along well with others –Managers high in agreeableness are likable, affectionate and care about others –Managers with low agreeableness may be distrustful, unsympathetic, uncooperative and antagonistic |
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–Tendency to be careful, scrupulous, and persevering –Managers high in this trait are organized and self-disciplined –Managers low in this trait lack direction and self-discipline |
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–Tendency to be original, have broad interests, be open to a wide range of stimuli, be daring and take risks |
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–Tendency to be original, have broad interests, be open to a wide range of stimuli, be daring and take risks |
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Internal locus of control |
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Tendency to locate responsibility for one’s fate within oneself Own actions and behaviors are major and decisive determinants of job outcomes |
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External locus of control |
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Tendency to locate responsibility for one’s own fate in outside forces and to believe that one’s own behavior has little impact on outcomes |
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The degree to which people feel good about themselves and their capabilities. High self-esteem causes a person to feel competent, and capable. Persons with low self-esteem have poor opinions of themselves and their abilities. |
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The degree to which people feel good about themselves and their capabilities. High self-esteem causes a person to feel competent, and capable. Persons with low self-esteem have poor opinions of themselves and their abilities. |
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The extent to which an individual has a strong desire to perform challenging tasks well and to meet personal standards for excellence |
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The extent to which an individual is concerned about establishing and maintaining good interpersonal relations, being liked, and having other people get along |
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The extent to which an individual desires to control or influence others |
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Five components of emotional intelligence |
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Self Management: Self-awareness, Self-regulation, Motivation Managing Relationship: Empathy, Social skill |
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The ability to recognize and understand your moods, emotions, and drives, as well as their effect on others.
Self-confidence • Realistic self-assessment • Self-deprecating sense of humor |
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The ability to control or redirect disruptive impulses and moods. • The propensity to suspend judgment—to think before acting.
Trustworthiness and integrity • Comfort with ambiguity • Openness to change |
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A passion to work for reasons that go beyond
Strong drive to achieve • Optimism, even in the face of failure • Organizational commitment commitment money or status. • A propensity to pursue goals with energy and persistence. |
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• The ability to understand the emotional makeup of other people. • Skill in treating people according to their emotional reactions.
Expertise in building and retaining talent • Cross-cultural sensitivity • Service to clients and customers |
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• Proficiency in managing relationships and building networks. • An ability to find common ground and build rapport.
• Effectiveness in leading change • Persuasiveness • Expertise in building and leading teams |
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Fundamental Attribution Error |
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• A comparison of causes for positive and negative outcomes for yourself and for others |
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–Describe what managers (people) try to achieve through work and how they think they should behave. |
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–Capture managers’ thoughts and feelings about (things like) their specific jobs and organizations.
A collection of feelings and beliefs |
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Encompass how managers (people) actually feel when they are managing. |
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A lifelong goal or objective that an individual seeks to achieve
signify what an organization and its employees are trying to accomplish |
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A lifelong goal or objective that an individual seeks to achieve |
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–A mode of conduct that an individual seeks to follow Usually adjective
guide the ways in which the organization and its members achieve organizational goals |
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informal rules of conduct for behaviors considered important by most members of a group or organization. |
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The terminal and instrumental values that are guiding principles in an individual’s life. |
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Organizational Citizenship Behaviors |
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Behaviors that are not required of organizational members but that contribute to and are necessary for organizational efficiency, effectiveness, and gaining a competitive advantage |
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Organizational Commitment |
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The collection of feelings and beliefs that managers and employees have about their organization as a whole |
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–A feeling or state of mind |
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Intense, relatively short-lived feelings |
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Shared set of beliefs, expectations, values, norms, and work routines that influence how members of an organization relate to one another and work together to achieve organizational goals
culture can vary from organization to organization, national culture can vary across nations.
Organizational culture is analogous to an organization’s personality |
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Attraction-Selection-Attrition Framework |
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A model that explains how personality may influence organizational culture.
Founders of firms tend to hire employees whose personalities that are to their own. |
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4 factors that maintain and transmit organizational culture |
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1. values of the founder 2. socialization 3. ceremonies and rites 4. stories and language |
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Organizational socialization |
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Process by which newcomer’s learn an organization’s values and norms and acquire the work behaviors necessary to perform jobs effectively |
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Formal events that recognize incidents of importance to the organization as a whole and to specific employees Rites of passage Rites of integration Rites of enhancement 7-44 Ceremonies and Rites • Rites of Passage –determine how individuals enter, advance within, or leave the organization (e.g., induction and basic training) • Rites of Integration –build and reinforce common bonds |
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determine how individuals enter, advance within, or leave the organization (e.g., induction and basic training) |
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build and reinforce common bonds among organizational members (e.g., office holiday party) |
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–let organizations publicly recognize and reward employees’ contributions and thus strengthen their commitment to organizational values (e.g., annual awards ceremonies) |
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Stories reveal behaviors that are valued by the organization • Includes how people dress, the offices they occupy, the cars they drive, and the degree of formality they use when they address one another • Organizational Culture will influence how a manager performs the four managerial functions (planning, organizing, leading & controlling) |
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The psychological forces that determine =the direction of a person’s behavior in an organization, =a person’s level of effort, and =a person’s level of persistence |
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Intrinsically Motivated Behavior |
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Behavior that is performed for its own sake(i.e., things one likes to do, things that are inherent and consistent with one’s values and culture. One may enjoy engaging in the behavior or value the sense of accomplishment) |
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Extrinsically Motivated Behavior |
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Behavior that is performed to acquire material or social rewards or to avoid punishment |
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Expectancy Theory Need Theories Equity Theory Goal-Setting Theory Learning Theories |
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Major Factors of Motivation Expectancy |
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the belief that effort (input) will result in a certain level of performance |
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Major Factors of Motivation Instrumentality (expectancy theory) |
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the belief that performance results in the attainment of outcomes |
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Major Factors of Motivation Valence (expectancy theory) |
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how desirable each of the available outcomes from the job is to a person |
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List Maslow's hierarchy of needs in order
safety belongingness physiological esteen self-actualization |
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1. self actualization -use abilities to the fullest
2. esteem - feel good about oneself, promotion and recognition
3. belongingness - social interaction, love, interpersonal relations
4. safety - security, stability, job secutiy health insurance
5. physiological - food, water, shelter, basic pay level |
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