Briefly Describe Each of the Four Key Management Functions

question 49

Essay

Briefly describe each of the four key management functions.

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Definitions:

In- and Out-group Process

The psychological dynamic that differentiates between members within a group (in-group) and those outside it (out-group), often leading to biases in favor of one's own group.

Organizational Commitment

The level of loyalty and dedication an individual has towards their organization, often reflected in their willingness to invest effort and maintain membership.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, often used as an indicator of workplace satisfaction and organizational stability.

Out-group Members

Individuals in a group or team who do not identify or are not identified as part of the ingroup, often feeling marginalized or excluded from core group activities.