Final answer:
The statement is true; in their monitor role, managers do collect and transmit current information to others within and outside the organization, which is essential for staying informed and making strategic decisions.
Step-by-step explanation:
The statement in question is true; in a monitor role, a manager is responsible for gathering information from both external and internal sources and then transmitting this relevant information to others within and outside the organization. Monitoring is a key management function which involves the manager staying informed about industry trends, competitors, and the overall performance of their organization. This role is crucial as it allows managers to make informed decisions and communicate those to relevant stakeholders.
Managers in the monitor role act as the nerve center for the team and organization, constantly seeking out data, trends, and other forms of information to ensure the company's competitive edge. The act of monitoring is closely related to the managerial function of information processing and is essential for strategic planning and response to the changing environment. Providing current information to others is, therefore, a fundamental aspect of this role.
In summary, the function of a manager as a monitor involves staying updated with current events, analyzing data, and ensuring that all relevant parties are informed, which may include employees, colleagues, higher-ups, and external partners or stakeholders.