In: Economics
What are the implications business managers?
Business managers have the responsibility of creating a productive and motivated set of employees. They can use a variety of techniques to achieve this goal. Firstly, he should create a work culture where the employees feel committed to the company and endeavour towards enabling the company to reach greater hights. This can happen with the right amount of pushing employees as well as providing encouragement. The manager must involve the employees in the decision making process of the company and not just use them as tools to increase profits. This makes the employees feel that they have a stake in the company's growth. The manager must build trust among the employees and encourage them to cooperate as a team instead of outcompeting each other. Good performance by the employees as a team and increasing company profits much be rewarded both in terms of money and recognition fir the employees. All these steps will enable the manager to create a productive and conducive work environment.