What Is An Organization?
•
An Organization Defined
Ø A
deliberate arrangement of people to accomplish some specific purpose (that
individuals independently could not accomplish alone).
•
Common Characteristics of Organizations
Ø Have
a distinct purpose (goal)
Ø Composed
of people
Ø Have
a deliberate structure
Exhibit 1–9 Characteristics
of Organizations
Exhibit 1–10 The
Changing Organization
Why Study Management?
•
The Value of Studying Management
Ø The
universality of management
v Good
management is needed in all organizations.
Ø The
reality of work
v Employees
either manage or are managed.
Ø Rewards
and challenges of being a manager
v Management
offers challenging, exciting and creative opportunities for meaningful and
fulfilling work.
v Successful
managers receive significant monetary rewards for their efforts.
Exhibit 1–11 Universal
Need for Management
Exhibit 1–12 Rewards
and Challenges of Being A Manager
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Terms to Know:
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