define psychology and discuss its significance for managers and business leaders?

Answer 1

Ok so this is not a textbook reply....

The almighty bottom line, the savings, the dollars are what business leaders
and their legions of managers consider the "ball", and everyone in this part
of the organization has their eyes on it.
Now the workforce is comprised mainly of human beings driven by a myriad of
forces, need to survive, need to be praised, need to belong, need to
achieve. Automatons are easier to predict when productivity is essential.

Organizational psychology is the attempt to categorize these myriad
behaviours, studying, grouping and predicting outcomes.For what reason?, to
harness these energies so that it does not compete with the need for
productivity.

So, in business psychology, the managers are made to attend seminars that
teach them how to lead their staff to more glorious production levels, and
with some luck and carrots doled out at strategic moments, maintain an
energized momentum for the company.

Answer 2

well psychology is the study of the mind and its significant for business leaders to know a little something about the psychology of their employees or potential employees. (how to motivate them, whether or not theyre right for the job...etc) some people are motivated by money while others need a challenge employers need to know this to be able to get the best output from them