Good Management Skills and Ethics - Article Example

The management process entails the channel that duties, orders, and chores pass from the highest individual in the company’s hierarchy to the junior staff in the organization (Saxena, 2009). According to economists, good management skills and ethics complete the production cycle. However, this only happens if there is an excellent open-door communication channel between superiors, seniors, and juniors. Most of the successful giant businesses corporate have acquired their large market shares through the formulation and implementation of competitive management strategies.

According to the article, ‘good communication’ is a vital factor in ensuring the success of a business. Communication is employed through vertical and horizontal communication. Channels of communication have played a big role in the formulation of strategic decisions. For a firm to implement its strategies there should be effective and efficient relay of information from the managers to the subordinate staff. Management should achieve this through suggestion boxes, memos, and open-door communication. Teamwork is a very important principle of management that starts from leadership skills.

It ensures a division of labor that helps in inventory and bookkeeping. They help in the follow-up of business transactions which in turn helps ensures the success of the business. The organizational score also influences a business’s success. It includes the laying down of goals and objectives and ensuring that they are achieved. The performance of the firm should be highly monitored to ensure the planning and implementation of the set target. In case a business does not achieve the set standards should provide for the follow-up to improve areas that failed in the implementation process.

Critique

According to most economists, the employment of principles of management leads to the achievement of the set firm’s goals and objectives (Saxena, 2009). However, critics have come up with their theories explaining reasons as to why firms fail irrespective of the implementation of the principles of management. These critical theories include the following:
According to the article, communication strategy is the most important strategy for the success of a business. However, communication is not always the answer. While done at some inappropriate levels, it may lead to business failure. For example, when a manager relays critical information to the worker, if they are not specialized in their departments, the messages may be interpreted in the wrong manner. Language barriers may also pose a threat to the communication process. The junior staff may fall prey to altered or faulty information due to the hierarchy of bureaucracy in the organization. Firms need to employ competent and professional workers who will help in the communication, implementation, and performance of the business.

Teamwork is also a principle of management but due to various factors brought up by critics, it poses a threat to the business. This is evident where bad leadership and management skills are present in a business’s operations. The senior leaders should set examples to their junior staff by being key team players and not joy riders whose main objective is to command and get monthly payments. Greedy seniors who become traitors by providing competitors with sensitive information have been a threat to the success of most international firms. Remarkably, the team involves both the internal and external emotions of the employees. Differentiation in most business entities leads to various departments in the firm. These departments have their departmental managers who have to relay orders and information to their juniors both vertically and horizontally. According to critics, this relay of information leads to confusion due to orders from different managers. For example, an employee may receive an order from the CEO of the firm and another from the human resource manager at the same time.

The employee is left stranded since he/she cannot question or neglect the orders though from different department managers.
Another criticism is the organization critic theory. The theory elaborates on the origination strategies of the workers and their relationship with the senior managers. The organization of the workers entails the teamwork strategy of the firm directly reflects in the inventory and bookkeeping strategies of the firm. Poor bookkeeping techniques affect the focus on the management process of achieving the set targets. Critics recommend the embracement of good organizational and inventory skills which ensures the smooth running of business operations.

The performance of the business should be closely monitored by first ensuring individual employee performance (Saxena, 2009). To achieve this strategy, the management should set individual targets which will be enforced in the form of performance contracts. In case of business failure, most economists urge managers to implement improvement strategies such as rewarding employees. Finally, rewards to competent employees motivate the entire corporate staffs who ensure the success of the firm. Read More