The employees of a company are its human capital which is the most valuable asset companies owned. Corporations delegate the responsibility of leading the workers to the managers. A manager is directly responsible for the performance of the company and its workers…
Businesses that have a good crop of workers will outperform a company with subpar employees. The quality of the labor force influences on the performance of a company. Take for example two universities systems. One system is selective in its selection process of faculty member with a 90% doctorate rate among faculty members. This college pays its professor a median salary of $127,500. The second college does not emphasize college professors with doctorate studies. The average median salary at the second school was $65,000. Due to the difference in the composition of college professors between the two schools the university with greater credentials provides a higher quality of education. The higher salary offered by the first school made it easier for them to recruit professors with better credentials. Money or economic considerations are the top motivating factor for employees (Schermerhorn & Hunt & Osborn, 2003). Selecting employees that have poor skills or that are less qualified than other candidates hurts the corporation. Managers are exposed to a higher workload because poor employees require a higher attention and supervision from the managers to ensure they perform at the highest possible level. Good employees on the other hand are typically self-motivated which saves managers time. ...
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Diversity in the workplace is defined as the people working from various different educational backgrounds; different religions and races, having different types of beliefs and values, and all these differences are accepted in a professional manner and should be given proper respect and value by the management (Pilhofer, 2011).
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This paper aims at investigating the role of each of the four management functions in the daily managerial work. Functions of Management: Managers use the four functions of management, namely planning, organizing, leading and controlling on a daily basis to accomplish tasks.
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t remains a challenge for managers, particularly the emerging ones to stay focus and alert especially in unpredictable events of the current economic climate.
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According to the report an organisation needs to set targets of what it needs to achieve both in the near future and far future. This plans need to be well included in the organisation strategy, followed by clear ways to implement the plans. They cover all organisation processes and highlight the areas of priority for the organisation.
13 Pages(3250 words)Essay
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