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IntroOBstudentversion

IntroOBstudentversion - Management and Organizational...

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Management and Organizational Behavior: An Introduction
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Management Functions Management Management Functions Functions Planning Planning Organizing Organizing Leading Leading Controlling Controlling
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E X H I B I T 1–2 Allocation of Activities by Time Source: Based on F. Luthans, R.M. Hodgetts, and S.A. Rosenkrantz, Real Managers (Cambridge, MA: Ballinger, 1988).
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What is Organizational Behavior? And Why Do You Need to Study it?
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Organizations need... Strategy & vision (Strategic Management) Products (Production) Effective financial management (Accounting & Finance) Technology & information systems (MIS) Assessing & meeting need of consumers (Marketing) Management of Employees (OB)
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Employees are a source of competitive advantage The knowledge, skills, experience that employees possess bring economic value to firms Knowledge of OB can help you utilize a firm’s employees as a source of competitive advantage
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Effectively managing employees involves: Recruiting Hiring Training Retaining Maintaining satisfaction & motivation Facilitating productivity
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