Modern techniques and methods of management First name, Second name Date Course Institute Modern techniques and methods of management Considerably, several articles illustrate the phenomena of management and performance measures. Thus, here are three articles by Mark H, Gary Lockwood and Jim Clemmer that illustrates the authors’ views on the perception of management as well as the performance measurements…
Mark uses an automobile dashboard to bring out the point that the system should be able to predict the result of the score prior to the daily keeping of records. According to the article, the clarity and dynamic relationship is clearly illustrated between the process measures and result measures. Pertinently, it is not only important to identify the process of the final score but also the final score in its exact outcome at the end of the process. The measured process is vital in the evaluation of the whole process and procedures in an organization, which is pertinent since one, is capable to change the direction of the process to suit his or her expectations. In conclusion, Mark Henderson rates the accuracy of the dashboard as follows (Doshi, 2008.p.123). He says, the dashboards are not accurate machines to prompt the user on the specific problem. Rather it gives directions or assumptions on what might be wrong. On the other hand, Gary Lockwood directs his arguments still on the dashboard as the measurement of effective management. Therefore, the article argues that the dashboard is the best system in the measurement of the organizational profit. ...
He adds that, with its consistence use, the dashboard shows the weakness of the organization’s operation (Drucker, & Maciariello, 2008.p. 321). In summary, Gary Lockwood recommends the above phenomena to the entrepreneurs in that, he urges them to use dashboard consistently in order to coerce their business directly. According to Jim Clemmer, he affirms that currently there are too many measures formulated to solve the internal needs of an organization. In one way or another, the above measures can be used to serve satisfactorily the management’s control and command paranoia. Notable is the fact that many measures are used to gauge several departments including the human resource as well as other supportive departments. Despite the fact that many managers rely on the measurement of finance in an organization, as the basic indicator of the health of an organization, it is advisable to base on history, which is the bottom line for a healthy organization. Here, history means the today’s consequences, results from yesterday’s decision of management (Epstein, 2004.p.201). He argues that what is expected to be measured is the usefulness of the information and not data, as argued by Mark and Gary above. In summary Jim puts it that, regular measurement does not in any way change the situation, in addition, he takes his own example and demonstrates that when he weighs himself ten times daily, that alone wont change his current weight. Therefore, the measurement is only indicators of what is happening but not a way of evading the reality. Moreover, with correct data, one is capable to further improve and transform of the organization effectively. Therefore, it is advisable to first choose the right tool, then ...
Cite this document
(“Modern techniques and methods of management Term Paper”, n.d.)
Retrieved from https://studentshare.net/management/13807-modern-techniques-and-methods-of-management
(Modern Techniques and Methods of Management Term Paper)
“Modern Techniques and Methods of Management Term Paper”, n.d. https://studentshare.net/management/13807-modern-techniques-and-methods-of-management.
McDonalds is a global corporation with the presence in many states and has demonstrated to be an accomplishment in the fast food industry. The corporation is an epitome of globalization representing the application of complex management approaches in business operations.
K. Thomas identified five styles of behavior in conflict resolution: competition, cooperation, avoidance of conflict, compliance and compromise. Like any other aspect of organizational behavior, style of conflict resolution is subject to significant influence of national cultures.
These international markets differ in their outlook on risk, profitability and security. Sensible businesses deploy divergent risk aversion techniques in order to counteract corporate risk. This paper will analyze various forms of risk handling instruments which are used to increase the level of business certainty.
According to the report the ‘use and throw’ consumerism together with modern lifestyle-changes has drastically contributed to the increased disposal of industrial wastes, particularly solid wastes. Hazardous solid wastes raise potential challenges to human race and to the environment as a whole.
Abrahams Maslow’s hierarchy of needs is commonly applied in modern management as it helps in identifying needs in employees. Maslow explains that the most basic needs have to be met so that a person can be effective. Donald (2004) notes that, when physiological and biological needs are met, one is greatly motivated.
Additionally, the report will provide clear and thorough explanations on our choices relative to the Career week’s rethinking and redesigning. This Project Plan would define the following: Project purpose Project goals and objectives Scope and expectations Roles and responsibilities Assumptions and constraints Project management approach Ground rules for the project Project budget Project timeline Background Information/Available Alternatives High standards are considered an important factor in the process of developing curriculum and career for quality education for all students irrespective of their background.
Therefore, businesses are sensible to deploy divergent risk aversion techniques in order to counteract these risks. The most common practice used for dealing with financial threats are derivatives, which help financial managers to assess different threats through
Many companies are focusing on lean manufacturing, and mass customization strategies to satisfy customer needs cost effectively and in turn maximize their returns. The concern of most producers is to understand how different work improvement methods affect work
5 Pages(1250 words)Term Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Term Paper on topic Modern techniques and methods of management for FREE!