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In any society or culture resources are valuable and scarce, so the more efficient and effective use that organizations can make of those resources. The greater the relative well-being and prosperity of people in that society. |
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Because managers are the people who decide how to use many of a society's most valuable resources its skilled employees, raw materials like oil and land, computers and information systems and financial assets, they directly impact the well-being of society and the people in it. |
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Understanding what managers do and how they do it is of central importance to understanding how a society creates wealth and affluence for its citizens. |
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Although most people are not managers and many may never intend to become managers, almost all of us encounter managers because most people have jobs and bosses. |
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Moreover, many people today are working in groups and teams and have to deal with coworkers. Studying management helps people to deal with their bosses and their coworkers. It reveals, how to understand other people at work and make decisions and take actions that win the attention and support of boss. |
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Management also teaches people not yet in positions of authority how to lead coworkers, solve conflicts between them to achieve team goals and increase performance. |