Management must strive for efficiency & effectiveness throughout organisation. Discuss, relating to strategic and operational theories and concepts covered within the lecture notes of this course
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Management must strive for efficiency & effectiveness throughout organisation. Discuss, relating to strategic and operational theories and concepts covered within the lecture notes of this course - Essay Example
In the world of management, it is a given that the related ranks must showcase efficiency and effectiveness within their folds so that success could be achieved in due course of time. Moreover it is the responsibility of the management authorities to understand which models and…
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Extract of sample Management must strive for efficiency & effectiveness throughout organisation. Discuss, relating to strategic and operational theories and concepts covered within the lecture notes of this course
re the intrinsic management attributes that are linked with efficiency and effectiveness that is rampant in any organization in the time and age of today. The same are discussed in line with the strategic and operational theories and concepts that have been studied thus far.
Strategic basis of the management regimes indicate that an organization is more than willing to think long term, and hence devise ways and means through which success would be envisioned for the sake of the business concern. The operational theories and concepts are also important to discern and later on comprehend because embody the basis of success for an organization in the long run. The manner in which the external environment plays a definitive role as well as the building up of the strategic. Similarly managing the marketing mix is pivotal towards resolving the management related problems on a proactive basis. The same is necessary because it helps solve quite a few issues which basically mar the basis of an organization in the long run (Sims 2002).
Efficiency and effectiveness within an organization is achieved through hard work and consistency that is related with the different processes, activities and tasks. The strategy development process could either be an intended one within an organization or it could comprise of an emergent form. Both have challenges and implications which are related with the strategic drift, the learning organizational basis, the uncertain and complex conditions and the overall management of the strategy development processes. The strategic management is therefore a combination of the external environment and the strategic capability that holds the strategic choices like business level strategies, the corporate and international level strategies and the development directions and methodologies (Ruhli 1993). The external environment similarly is related with the building up of the strategic capabilities. This means that the internal level analysis holds ...
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As a result, organisations no longer rely on crisis management hence strategic management has gained importance over the years. This involves scanning the environment and developing strategies and policies that enable the organisation to keep up with the changing environment and at the same time be able to meet the ever increasing needs of customers and other stakeholders.
Currently, the company is on the verge of changing its operations in order to improve the performance of the company. Managing change is an important aspect of the organization in order for them to remain competitive by responding the market needs.
The vision of Better Place is based on the creation of productive linkages between the battery companies, car companies, consumers and utilities. Theses productive linkages are likely to accelerate the mass adoption of the electronic vehicles. Better Place aimed at overcoming the main obstacle in the acceptance of the electronic vehicles by the masses which is limited mobility.
As in any business, no organisation can exist and conduct successful business in isolation, thus stressing the importance of stakeholders. For this organisation, the most important stakeholders include potential buyers of electric vehicles, governments, city authorities, and suppliers.
5). The company is in the business of electric vehicles and it is an electric car service provider. The stakeholders of Better Place include venture capital companies, automobile manufacturers, governments, employees, managers, competitors – such as other electric car service providers like ERGO, Coulomb Technologies and Elektromotive –, battery manufacturers, utility companies, city authorities, potential purchasers of electric vehicles, and company owners.
In this regard, operational effectiveness is deemed to go hand in hand with the corporate strategy if organisational success is desired ("Strategy is wasted without operational effectiveness" 2003).
There are basically four inter-related processes in relation to the operational effectiveness cycle.
In this time when the economy is at an abysmal stage, people give less regard to preferences; occupation becomes a higher priority over specifications. Professor Peter Cappelli further argued that the problem arises because of
mber 11, 2001, two planes rammed into World Trade Centre in New York within 18 minutes of each other with the first one hitting the building at 8.45 a.m. All eyes were on New York as television stations broadcasted the live images of events on that fateful day. As the world
The environment in which organizations operate has increasingly become dynamic, requiring that such organizations should adopt appropriate strategies that can enhance their competitiveness. Different organization theories and change management can help organizations understand and influence their environment to suit their operations and goals.
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