...Management Notes Video People’s behavior is not only about the person, but the environment they are in! Industrial/Organizational (I/O) Psychology: I-side: human resources functions Ex: training, selection, performance appraisal O-side: understanding and predicting behavior Ex: motivation, work attitudes, stress, leadership, team effectiveness Organizational behavior: the scientific study of individual and group behavior in organizations; focused on different levels of analysis * Use of the scientific method to understand and solve problems relate to people in organizations * Focus on organizational behavior * Individuals: attitudes, behavior, health * Groups/teams: norms, cohesion, conflict * Organizations: firm performance, culture, climate Historical influences: * Fredrick Taylor: first to subject work to scientific study; interested in efficiency * Published Principles of Scientific Management (1911) * Conducted first field experiments like shuffling studies * Time-and-motion studies to identify “one best way” to do a job * Ford example; he found a way to make Ford cars cheaper * Elton Mayo: studied workers at Hawthorne; worked of the Western Electric Co. in late 20’s – early 30’s * Research on effects of lighting, breaks, length of work day, and type of incentive pay on performance * Illumination studies and Hawthorne Effect * Social factors affect behavior in...
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...Financial Management Chapter 5 * Future value VS present value * The present value technique uses discounting to find the present value of each cash flow at the beginning of the project. t=0 * The future value technique uses compounding to find the future value of each cash flow at the end of the project’s life * The future value equation * ( * FVIF is the FV of 1 dollar at i% per annum after n periods * Future value DEPENDS on the number of periods in which interest can be compounded. * The longer the number of periods, the greater the future value * Also the higher the interest rate, the greater the future value * Total compound interest = Total simple interest + Total interest on interest * Simple interest earned is * Compounding more frequently than once a year * The present value equation * * PVIF is the PV of 1 dollar at i% per annum after n periods * The larger the number of periods the smaller the present value * The higher the interest rate, the smaller the present value * The relationship between time, the discount rate,and present value * The further in the future a dollar will be received, the less it is worth today * The higher the discount rate, the lower the present value of a dollar * The rule of 72 * Compound Frequency Chapter 6 * Annuities A series of equally spaced and level cash flows extending over a finite number of periods * Ordinary Annuity ...
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...Consequences of inactivity Lack of physical activity is a risk factor of several chronic diseases and premature death. * Increase of obesity. * High blood pressure and high blood cholesterol. (Heart problems). * Weakening of the bones, i.e. osteoporosis and osteoarthritis. * Get type 2 diabetes * Functional capacity, the ability to engage in activities needed for daily living (Climbing stairs, walking, lifting, or running). * Mental health, such as depression and cognitive function. * Sedentary lifestyle on mental and emotional level. (Bad mood, headache, fatigue, poor coordination of our movements). Recommendations to help you get active Being Active for Life * Start by doing what you can, and then look for ways to do more. * Walking is one way to add physical activity to your life. When you first start, walk 10 minutes a day on a few days during the first couple of weeks. * Add more time and days. Walk a little longer. Try 15 minutes instead of 10 minutes. Then walk on more days a week. * Pick up the pace. Once this is easy to do, try walking faster. Keep up your brisk walking for a couple of months. You might want to add biking on the weekends for variety. * Move yourself — use active transportation to get places. Whenever you can, walk, bike, or run instead of taking the car. * Join a team — take part in sports and recreation activities...
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...Executive |Summary Motivation, Leadership and management and human resource management are important factors in the working of any organization. Each of them have certain theories or principles founded by various researchers and scholars. These theories have gained some criticisms over time. Under motivation there are two types of theories: content and process theories. Content theories include Maslow’s Hierarchy of Needs, Herzberg’s Motivation-Hygiene theory. Process theories include equity theory and expectancy theory. The organizational example is that of a robotics’ manufacturing firm. Leadership and management includes trait theory of leadership, leader behavior theories which focuses on the Michigan Studies and The Ohio state studies and contingency theories of leadership which includes Fiedler’s Contingency theory and the |Path – Goal theory of leadership. This is followed by the fourteen principles of management. The organizational example is that of Continental |Airlines. Lastly, there are three models mentioned under human resource management, the Harvard model, the Michigan model and the Fombrun, Tichy and Devanna model. The organizational example is that of a laundry company called Kwik & Kleen. Table of contents Introduction ………………………………………………………………..Page 1 1. Motivation ………………………………………………………....Page 1 • Maslow’s Hierachy of Needs ……………………………………...Page 1 • Herzberg’s Motivation-Hygiene...
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...June, to 26th September Time ME-(A) - ARU ME-(B) - CSS ME- C - AKD ME-(E) - PADV ME-(F) - LM ME -(G) -TT ME -(H) - IRS ME - P - SUBH BC - N - MHK BC - L - VSN ISM - I - NJ BC - D - CHE Monday FM - I - DSC FM - J - CANI FM - K - GAR FM - L - NMR FM - M - YGK FM - N - RKJ FM - O - AJM FM - P - RAN FM - Q - STK BC - C - GG ISM - A - STM ISM - B - SSG Monday OB - A - SKN OB - B - RTG X OB - D - BHJ OB - E - SHW OB - F - SRB MM-I - G - SRR OB - H - PRN BC - P - PDM BC - O - GG X X Time Monday ME - I - ARU ME - J - AKD ME - K - IRS ME - L - SUBH ME - M - PADV ME - N - LM ME - O - TT ME - Q - JOJO BC - H - AGK X ISM - C - KVR ISM - D - KB Time FM-I - A - DSC FM-I - B - CANI FM-I - C - NMR FM-I - D - YGK FM-I - E - RKJ FM-I - F - AJM FM-I - G - STK FM-I - H - GIR BC - J - CHE OB - Q - SHW ISM - L - SMY BC - I - PDM Monday 12.20 - 1.35 Monday Tuesday AFM - I - KW AFM - J - RJL AFM - K - AMG AFM - L - RJP AFM - M - VN AFM - N - LNP AFM -O - ATJ AFM -P - PRA AFM - Q - SVL BC - H - AGK BC - A - PDM BC - B - VSN Tuesday QM - A - LS MM-I - M - MKM QM - C - VSG QM - D - VM QM - E - NA QM - F - JYG QM - G - SKW QM - H - SRG OB - K - RTG OB - Q - SHW ISM - I - NJ ISM - J -Raja Tuesday MM-I - I - KSV MM-I - J - JSKC MM-I - K - DIP MM-I - L - HYM X MM-I - N - DBJ X MM-I - P - KCP MM-I - Q - ADM BC - O - GG QM - B - SRG ISM - F - CLD Tuesday AFM - A - LNP AFM - B - BRJ AFM - C - KW AFM - D - RJL AFM - E - PRA X AFM - G - RJP AFM - H - NG X X ISM - M -AJ ISM - N - Raja Tuesday QM - I - LS QM - J...
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...decisions • Allocate resources • Direct activities of others to attain goals Where Managers Work Management Functions Planning Organizing Management Functions Controlling Leading Management Functions (cont’d) Management Functions (cont’d) Management Functions (cont’d) Management Functions (cont’d) Mintzberg’s Managerial Roles Mintzberg’s Managerial Roles (cont’d) Mintzberg’s Managerial Roles (cont’d) Management Skills Effective Versus Successful Managerial Activities (Luthans) 1. Traditional management • Decision making, planning, and controlling 2. Communications • Exchanging routine information and processing paperwork 3. Human resource management • Motivating, disciplining, managing conflict, staffing, and training 4. Networking • Socializing, politicking, and interacting with others Allocation of Activities by Time Enter Organizational Behavior Organisational Behaviour… is the study of individuals and groups in organisation Contributing Disciplines to the OB Field Contributing Disciplines to the OB Field (cont’d) Contributing Disciplines to the OB Field (cont’d) Contributing Disciplines to the OB Field (cont’d) Contributing Disciplines to the OB Field (cont’d) There Are Few Absolutes in OB x Contingency Variables y Challenges and Opportunity for OB • • • • • Responding to Globalization Managing Workforce Diversity Improving Quality and Productivity Responding...
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...The Importance of Interpersonal Skills * Understanding OB helps determine manager effectiveness * Technical and quantitative skills important * But leadership and communication skills are CRITICAL * Organizational benefits of skilled managers * Lower turnover of quality employees * Higher quality applications for recruitment * Better financial performance What Managers Do * They get things done through other people. * Management Activities: * Make decisions * Allocate resources * Direct activities of others to attain goals * Work in an organization * A consciously coordinated social unit composed of two or more people that functions on a relatively continuous basis to achieve a common goal or set of goals. Four Management Functions * PLAN: A process that includes defining goals, establishing strategy, and developing plans to coordinate activities. * ORGANIZE: Determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. * LEAD: A function that includes motivating employees, directing others, selecting the most effective communication channels, and resolving conflicts. * CONTROL: Monitoring performance, comparing actual performance with previously set goals, and correcting any deviation. Mintzberg’s Managerial Roles Ten roles in three groups (Exhibit 1-1) * Interpersonal * Figurehead, Leader...
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...Organization Behavior? Every individual is different They exhibit different behavior at any point of time WHAT IS ORGANIZATION, ITS, STRUCTURE, DESIGN AND THEORY Organization“a consciously coordinated social entity, with a relatively identifiable boundary, that functions on a relatively continuous basis to achieve a common goal or set of goals” Consciously coordinated- imply management Social entity means composed of people interacting Relatively identifiable boundary – clear delineation to distinguish members from non-members Achieve a common set of goals- what cannot be attained individually, company mission statement DEFINITION BY STEPHEN P .ROBBINS OB is a field of study that investigates the impact that individuals, groups and structure have on behavior within organizations, for the purpose of applying such knowledge towards improving an organization’s effectiveness. MANAGEMENT FUNCTIONS P O S D C The most widely accepted functions of management given by KOONTZ and O’DONNEL i.e.Planning, Organizing, Staffing, Directing and Controlling. MANAGEMENT FUNCTIONS FUNCTIONS Plan- According to KOONTZ, “Planning is deciding in advance - what to do, when to do & how to do. It bridges the gap from where we are & where we want to be”. A Future course of Action-Business Plan. Organize-to organize reporting relationships. Land,labour,capital,organizational structure, To organize a business involves determining & providing human and non-human...
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...IBS, Hyderabad Re - Revised from 9th June(Monday) Semester I Class of 2016 Time - Table Sessions Commence from 3rd June, to 26th September End - Semester Examinations from 27th - 5th Oct, 2014 Time Monday ME-(A) - ARU ME-(B) - CSS ME- C - AKD ME-(E) - PADV ME-(F) - LM ME = G -TT ME = H - IRS ME - P - SUBH BC - N - MHK BC - L - VSN ISM - I - NJ BC - D - CHE Time Monday FM - I - DSC FM - J - CANI FM - K - GAR FM - L - NMR FM - M - YGK FM - N - RKJ FM - O - AJM FM - P - RAN FM - Q - STK BC - C - GG ISM - A - STM ISM - B - SSG Time Monday OB - A - SKN OB - B - RTG X OB - D - BHJ OB - E - SHW OB - F - SRB MM-I - G - SRR OB - H - PRN BC - P - PDM BC - O - GG X Tuesday AFM - I - KW AFM - J - RJL AFM - K - AMG AFM - L - RJP AFM - M - VN AFM - N - LNP AFM -O - ATJ AFM -P - PRA AFM - Q - SVL BC - H - AGK BC - A - PDM BC - B - VSN Tuesday QM - A - LS MM-I - M - MKM QM - C - VSG QM - D - VM QM - E - NA QM - F - JYG QM - G - SKW QM - H - SRG OB - K - RTG OB - Q - SHW ISM - I - NJ ISM - J -Raja Tuesday MM-I - I - KSV MM-I - J - AS MM-I - K - DIP MM-I - L - HYM MM-I - N - DBJ MM-I - P - KCP MM-I - Q - ADM X QM - B - SRG ISM - F - CLD Tuesday AFM - A - LNP AFM - B - BRJ AFM - C - KW AFM - D - RJL AFM - E - PRA AFM - G - RJP AFM - H - NG X ISM - M -AJ ISM - N - Raja Tuesday QM - I - LS QM - J - VM QM - K - SRG QM - L - ANS QM - M - NA QM - N - JYG ISM - G - CLD AFM - F - AMG ME - D -SUBH ISM - E - KVR ISM - O - AJ ISM - P - KB Wednesday MM-I - I - KSV ME-(A) - ARU ME-(B) - CSS ME- C - AKD ME-(E)...
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...Describe the manager’s functions, roles, and skills. – Define organizational behavior (OB). – Show the value to OB of systematic study. – Identify the major behavioral science disciplines that contribute to OB. – Demonstrate why few absolutes apply to OB. – Identify the challenges and opportunities managers have in applying OB concepts. – Compare the three levels of analysis in this book’s OB model. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1-1 The Importance of Interpersonal Skills Understanding OB helps determine manager effectiveness – Technical and quantitative skills are important – But leadership and communication skills are CRITICAL Organizational benefits of skilled managers – Lower turnover of quality employees – Higher quality applications for recruitment – Better financial performance Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1-2 What Managers Do They get things done through other people. In order to facilitate that process managers: – Make decisions – Allocate resources – Direct activities of others to attain goals Managers do this in an organization – A consciously coordinated social unit composed of two or more people that functions on a relatively continuous basis to achieve a common goal or set of goals. Copyright © 2011 Pearson Education, Inc. publishing as Prentice Hall 1-3 Management Functions Plan Copyright © 2011 Pearson Education, Inc. publishing as Prentice...
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...After studying this chapter, students should be able to: 1. Define organizational behavior (OB) 2. Describe what managers do 3. Explain the value of the systematic study of OB 4. List the major challenges and opportunities for managers to use OB concepts 5. Identify the contributions made by major behavioral science disciplines to OB 6. Describe why managers require a knowledge of OB 7. Explain the need for a contingency approach to the study of OB 8. Identify the three levels of analysis in this book’s OB model CHAPTER OVERVIEW Managers need to develop their interpersonal or people skills if they are going to be effective in their jobs. Organizational behavior (OB) is a field of study that investigates the impact that individuals, groups, and structure have on behavior within an organization, then applies that knowledge to make organizations work more effectively. Specifically, OB focuses on how to improve productivity, reduce absenteeism and turnover, and increase employee citizenship and job satisfaction. We all hold generalizations about the behavior of people. Some of our generalizations may provide valid insights into human behavior, but many are erroneous. Organizational behavior uses systematic study to improve predictions of behavior that would be made from intuition alone. Yet, because people are different, we need to look at OB in a contingency framework, using situational variables to moderate cause-effect relationships...
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...demanding workplace. Who do we mean by managers? Managers get things done through other people. They do it by planning, organizing, leading, and controlling. Managers also fill interpersonal roles, such as being a leader, a liaison, or a figurehead. They serve in informational roles such as monitor, disseminator of information, or spokesperson. Finally, in their role as decision maker they might be entrepreneur, disturbance handler, resource allocator, and negotiator. All these roles are important to the functioning of the organization and its people. Who’s the best manager you’ve ever known? Think about the special skills that helped this person to be effective. Researcher Robert Katz has identified three essential sets of management skills. The first set includes technical skills, the ability to apply specialized knowledge or expertise. Did your best manager have technical skills? Second are human skills, or the ability to listen, understand the needs of others, and manage conflicts. How did your best manager demonstrate these human skills? Finally, conceptual skills include the ability to analyze and diagnose complex situations. Did your manager have conceptual skills? To learn more about...
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...IDP Unit 3: Introduction to Organisational Behaviour Learning Outcomes You should be able to explain at least two of the following at the end of the session: • Define organizational behavior (OB). • Explain why managers require knowledge of OB. • Identify the contributions made by major behavioral science disciplines to OB. What is organisational behaviour? • It examines the impact individuals, groups and structure have on behaviour within the organisation, and how that knowledge can be applied in order to achieve the aims and objectives of the organisation (Robbins 2009) ! • An interdisciplinary body of knowledge and field of research which examines how organisations, behaviour of people within organisations, and salient features of their context and environment, evolve and take shape, why all these things happen the way they do, and what purposes they serve (Buchanan and Huczynski 2010) What is an Organisation? • A social unit, composed of two or more people, that functions on a relatively continuous basis to achieve a common goal or set of goals (Robbins 2009) Features of an organisation • Social arrangements : organisations are often classified as social arrangement with a clear set of objectives of achieving controlled performance in pursuit of collective goals ! • Controlled performance: Organisations must set standards, be able to measure performance, compare actual with standard, and take collective action...
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...people who work together to achieve a wide variety of goals, both goals of the organization and goals of the various individuals in the organization. Organizations exist to provide services and goods that people want. These goods and services are the products of the behaviors of workers. Organizational behavior usually known as ‘OB’ is the study of the many factors that have an impact on how individuals and groups respond to and act in organizations and how organizations manage their environments. Organization is somewhat defined as “Organisations comprise two or more people engaged in a systematic and coordinated effort, persistently over a period of time, in pursuit of goals which convert resources into goods and/or services which are needed by consumers” such definition implies the organization exists with the presence of people consists of diverse cultures, character, perception, intelligence and abilities this necessitate a manager to understand behavioral trends of various people in organization So to achieve the organizational goals it stimulate specific goals, objectives and achieve within an optimal performance of workers, Manager’s knowledge of OB may find it useful to explore ways of stimulating fruitful behaviors from workers. Often drastic changes in behavior of workers may...
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...Ob-Gyn stands for Obstetrician and Gynecologist. The obstetrician side deals mainly with the baby and a gynecologist works with women and their reproductive systems. An Ob-Gyn is someone that provides medical treatment for women, diagnose and prevent diseases for women, treat women’s reproductive systems, provide treatment and care for pregnant women, provide education on nutrition and proper care of the body during pregnancy, monitor the growth of the baby to make sure it is healthy, and deliver the babies. This was in the middle of the career choices that NCC said. I still chose health sciences because I have always wanted to be a doctor. More than likely an Ob-Gyn will be working in their own private office. Although there are plenty that work in hospitals and clinics with other doctors. Ob-Gyns are always working in sterile conditions because it ensures safety for the doctor, the women, and the baby. They are expected to wear protective clothing at all times such as: gloves, masks, and gowns. Ob-Gyns can usually run on their own schedule with some exceptions; they can decide when they work although complications can occur with the mother and baby before and during labor that the Ob- Gyn can not control. An Ob-Gyn can expect to work nights and weekends....
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