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Core Functions of Communication Networks

Communication and information networks serve several key functions within an organization:

• Control: They help regulate the conduct of organization members.
• Motivation (Reasons): They inform staff about their tasks, execution methods, and potential improvements, thereby stimulating their behavior and performance.
• Emotional Expression: They provide a channel for individuals to express frustrations and feelings of satisfaction.
• Decision Support (Reporting): They facilitate decision-making by providing necessary information to individuals and groups.

Directions of Organizational Communication Flow

Communication within an organization can flow in several directions:

• Vertical Downward: Communication from a superior

Core Management Concepts

Social Aspects: Obligation, sensitivity, responsibility

Organizational Analysis: Strengths, weaknesses, core competencies

Structure: Division of labor, career paths, impersonality, formal rules, formal selection, hierarchy

Organizational Influence: Defines employee behavior, influences marketing, fosters team spirit

Culture: Rituals, symbols, language

Leadership Roles

Authority figure, leader, supervisor, spokesman, entrepreneur, negotiator

Decision-Making Types

Intuitive Decisions

Based on experience, feelings, wisdom, or prior knowledge

Ethical Decisions

Based on cultural or ethical values

Intellectual Decisions

Based on skills, knowledge, and training

Environmental Factors

Legal Environment

Political and legal procedures vary by... Continue reading "Essential Management Principles: Decision-Making and Organizational Culture" »

Management Definition

Administration comes etymologically from the Latin, meaning "action to manage." The latter term is composed of ad and minister, which together mean "to serve." This implies that administration is an activity devoted to service and cooperation.

Purpose of Management

The aim of administration is to get the company to achieve productivity, i.e., a balance between efficiency and effectiveness.

• Efficiency: The ability to minimize the resources consumed to achieve the objectives of the organization. "Do things right."
• Effectiveness: The ability to determine appropriate goals. "Do the right things."

Importance of Management

Administration is very important in this era, full of complexities, changes, and uncertainties. Sustaining a business... Continue reading "Business Management: Definition, Principles, and Importance" »

Theme 1: Company and Organization

Company: An institution where a diverse group of people transform resources into goods and/or services to meet needs and obtain benefits. It must be understood as a technical, economic, social, and political decision-making unit.

Organization: A group of people with the means and/or adequate resources, functioning through a set of established rules and procedures to achieve a particular purpose. They require physical, financial, technological, and human resources.

Difference: Firms are a type of organization that differ from others because, although they may have other purposes, profit is necessary for their creation and maintenance.

Functional Subsystems:

• Procurement: Responsible for decisions relating to the purchasing

Human Capital as a Source of Competitive Advantage

Essential competencies are a set of aptitudes and attitudes that predispose individuals to perform their activities at the highest level. The key components for implementing these competencies are: knowing (knowledge), applying knowledge (skills), demonstrating appropriate attitudes and interests, wanting to perform (motivation), and having the ability to do so (available resources).

Human capital is a source of competitive advantage because:

• People differentiate organizations. Their resources and capabilities are not available to all companies under the same conditions.
• They add value to a company and explain differences in profitability.
• They are scarce; few individuals can guarantee high performance

Administration can be conceived as a science that studies companies and organizations for descriptive purposes, aiming to understand their operation, evolution, growth, and behavior. Managers in organizations are not confined to specific profiles. They work in organizations whose aim is to obtain profits and those that strive to achieve a social good. Regardless of who they are or where they work, these individuals share a common objective: getting their work done through the efforts of others.

Who are the Managers and Where do They Work?

Managers work within an organization. An organization is a systematic agreement between persons to carry out a specific objective, in the same way as churches, NGOs, associations, etc. All are organizations... Continue reading "Understanding Management and Organizational Structures" »