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Chapter 1..saroj
Chapter 1..saroj
THE
WORKPLACE
1-6
PRINCIPLES OF MANAGEMEN T MGTS F 211
W HERE D O MAN AGERS
W O RK?
Organization – A deliberate arrangement of
people assembled to accomplish some specific
purpose (that individuals independently could not
accomplish alone).
C ommon C haracteristics of O rganizations
Have a distinct purpose
(goal) Are composed of
people
Have a deliberate structure
Effective: Efficiency:
How are you achieving
Targeting the profit? By sustainable
profit for the process, usage of
year resources, number of
output.
https://
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EXHIBIT 1-3
EFFIC IENC Y AN D EFFECTIVENESS
IN
MANAGEME
NT
• Social media
– Forms of electronic communication through
which users create online communities to share
ideas, information, personal messages, and other
content.
• Rewards
– Responsible for creating a productive work
environment.
– Recognition and status in your organization
and in the community.
– Attractive compensation in the form of
salaries, bonuses, and stock options.