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Nature of leadership, leadership and management, components of the leading function.

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lOMoARcPSD|4568621




Management, Motivation, and Leadership Notes & Summary


Business management (High School - USA)




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Management, Motivation, and Leadership Notes & Summary


Management:
 Achieving organizational goals through planning, organizing, leading, and controlling
organizational resources. Organizational resources include people, money, and time.


Levels of Management:
 Top management: Sets the overall direction of the firm, articulating a vision,
establishing priorities, and allocating time, money, and resources.
 Middle management: Supervises lower-level managers and reports to higher-level
managers.
 First-line (supervisory) management: Directly supervises nonmanagement employees.


Management Skills:
 Technical skills: Expertise in a specific functional area or department.
 Human skills: Ability to work effectively with and through other people in a range of
different relationships.
 Conceptual skills: Ability to grasp a big-picture view of the overall organization, the
relations among its parts, and its fit in the broader competitive environment.


Theories of Motivation:
 Maslow’s hierarchy of needs theory: Suggests that human needs fall into a hierarchy,
and as each need is met, people become motivated to meet the next need in the pyramid.
 Theory X and Theory Y: Suggests that management attitudes toward workers fall into
two opposing categories based on management assumptions about worker capabilities
and values.


Maslow’s Hierarchy of Needs:
 Self-actualization
 Safety
 Social (belonging)
 Esteem
 Physiological




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