Fundamentals of Management, 11/e

Why Study Management?

1. 1-4 Explain why it’s important to study management.

Good managers are important because:

• Organizations need their skills and abilities, especially in today’s uncertain, complex, and chaotic environment.

• They’re critical to getting things done.

• They play a crucial role in employee satisfaction and engagement.

Making Ethical Decisions in Today’s Workplace

• 50% of employees have left a job to get away from a manager.11

• $319–$398 billion is the estimated annual cost to the U.S. economy of disengaged managers. Managers’ engagement with their jobs and organizations has a direct impact on whether employees are engaged with their jobs and organizations.12

• 32% of employees rated their boss as “horrible” in a Monster.com survey.13 ...