Concept‚ nature and significance of management 1) Nature‚ concept and significance of management 2) Functions and principles of management 3) Development of management thought MEANING AND DEFINITION OF MANAGEMENT Management is the process by which a co-operative group directs action towards a common goal. By Joseph Messie To manage is to forecast and plan‚ to organize‚ to command‚ to coordinate and to control. By Henri Fayol Management is the art of knowing what you want men
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Groups and Teams Paper Organizational Behavior Introduction A team is a small group of people with complementary skills who work actively together to achieve a common purpose for which they hold themselves collectively accountable. In today ’s society‚ there can be several different factors that are associated for a group of people to become a high performance team. For a team to achieve great performance‚ and deliver real benefits to the organization‚ they have to be able to distinguish
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common goal with satisfaction and a willingness to continue to contribute are known as a team. The team is effective because the people are viable and productive. It’s a pity that you don’t believe in team work. Be it work‚ play‚ or entertainment‚ togetherness is what makes it enjoyable‚ easy‚ and fun. Team work has become an essential element of any activity. Perhaps the most obvious reason for using teams is because it enables you to do so much more. It is important because it effectively
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Virtual teams were almost unheard of a decade ago‚ but today they are an integral part of every organization. The recent “offshore outsourcing” trend and the growth of the Internet and similar globally linking technologies are major contributor to the increase in the use of virtual teams. Virtual teams are made up of people working on interdependent tasks and interacting largely via communication technology to achieve a common goal without concerns of time and space. Such teams carry out many critical
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Collaboration in Virtual Teams Did we get the message? Gaby Rasters 2004 Copyright: 2004 by Gaby Rasters Cover design by H.T.L Janssen ISBN: 90-9018652-2 Printing: Print Partners Ipskamp All rights are reserved. No part of this publication may be reproduced‚ stored in a retrieval system‚ or transmitted‚ in any form or by any means electronic‚ mechanical‚ photocopying‚ recording‚ or otherwise‚ without the prior permission of the author. Communication and Collaboration in Virtual Teams Did we get the
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Team Roles Building a team requires considered thought. By choosing team members that are Capable to do his or her work accordingly. All strong organizations struggle to find select role players to maximize goal achievement. According to Meredith Belbin (1993)‚ there are nine roles that successful teams should have: Coordinator‚ Shaper‚ Plant‚ Resource investigator‚ Implementer‚ Team worker‚ Completer‚ Monitor evaluator‚ Specialist (Belbin ‚1993). Meredith
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surgical team consist of the surgeon‚ the surgeon’s assistant‚ a scrub nurse‚ a cardiac anesthesiologist‚ and a perfusionist technician. Each of these individuals brings their own area of expertise to the team. The conventional heart surgery relies on each member performing his or her task‚ as it relates to the area of their own expertise. The new procedure introduces a dynamic that requires the team members to be more interdependent and collaborative within the group. The surgical teams will need
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Team Reflection In working as a team‚ issues and opportunities regularly arise. Our team started off very rocky‚ and a misunderstanding during team communication almost derailed the work the team needed to complete. Trust was diminished almost immediately. A team’s effectiveness relies heavily on a balance between clearly established goals and clear communication. Accomplishments In preparing our first three assignments‚ our team was able to quickly determine a suggested guideline for who
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together as a team. However‚ Eu Jin senses that this department lacks the necessary esprit de corps that would help it achieve the highest performance. Describe five distinct strategies Eu Jin would use to build the accounting department into a more cohesive unit and explain how these strategies would increase cohesiveness. Team cohesion refers to the degree of attraction people feel toward the team and their motivation to remain members. Eu Jin needs to influence the accounting team to become more
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Business Entity Concept Money Measurement Concept Going concern concept Accrual basis concept Consistency Concept Materiality and aggregation concept Concept on Prudence Matching Principle Dual Aspect Relevance Concept Introduction Financial accounting has a number of conservative laws which have been considered over the years and all the possible identifiable rules are: Business Entity Concept‚ Money Measurement Concept‚ Going concern Concept‚ Accrual basis of accounting concept‚ Consistency
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