Q1. Identify the challenges and opportunities managers have in applying OB concepts.
(NB: Please I encourage the Expert to give a detailed answer fit for acceptance by the MBA Class)
OB backed Management is a style of management that encourage participative decision making and involvement of stakeholders (all levels of an organization) in the process of problem-solving, strategy making and solution implementation.
It contains four processes:
• sharing of information
• Training
• decision making
• Rewards
Pros of OB backed management:
? Enhancement in Productivity
? Satisfaction in job
? Higher Motivation
? Quality improvement
? Reduction in cost.
Cons of participative management:
? Slow Decision making
? Security issues
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