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The Manager of a Large Retail Chain Recently Spoke to a Group

question 64

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The manager of a large retail chain recently spoke to a group of college students about being successful in the business world. He focused particularly on the importance of fulfilling the purpose of the business organization: that is, to produce and market profitable products needed by society. In so doing, he indicated that a shareholder, not the society as a whole, invests in a corporation to earn a return on his or her investment and that a firm is legally obligated to act in shareholders' interests. What concept do the manager's comments reveal?

Differentiate between formal and informal communication and identify examples of each.
Analyze how communication directionality (upward, downward, diagonal) impacts organizational structure and dynamics.
Recognize the functions and types of emotions.
Understand the significance of early attachment and its impact on future relationships and self-concept.

Definitions:

Organizational Culture

The shared values and beliefs in an organization and its workforce.

Visioning Application

Involves the process or tool used for planning future goals, aspirations, or ideals for an organization or individual.

Personal Style

An individual’s unique way of expressing themselves through their clothing, behavior, and lifestyle choices.

Tailored Process

A method or procedure specifically designed or customized to meet unique requirements or needs.

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