Running Head: MANAGEMENT Management Author’s Name Institution’s Name Date Management The contemporary business organizations work in dynamic and volatile working conditions. Consequently it is vital for such organizations to take necessary steps to create and execute the plans for the changing environments…
The strategic organizations are able to exploit the benefits and opportunities with clear targets as well as required resources and dynamism (Burkhart & Reuss, 1993). A number of businesses are analyzing and applying strategic planning concepts and methodologies that have major contributions to successes in the business fields. The fundamental notion of strategic planning is to create plans, which help businesses to undertake in an uncertain future and are founded on clear visions. The future plans may have several years of strategic planning. Sometimes, it may be as long as of two decades (Anthony & Young, 1999). Strategy planning can be described as “the plans and activities developed by an organization in pursuit of its goals and objectives, particularly in regard to positioning itself to meet external environmental demands relative to its competition” (Kovner & Neuhauser, 1990). Strategic planning for example Wal-Mart offers a clear outline and that helps in coordination endeavors and harmonization of the company. Moreover, it helps companies to have better decision-making, good internal and external communication in addition to improved motivations amongst participating members (Begun & Heatwole, 1999). Strategic planning covers future decisions by human resources of organizations. Strategic Planning helps the management of company the needed direction and goals for internal as well as external environments. Strategic Levels The contemporary organizations generally implement many levels for successful running of the organizations (Beamish, 2000). Each strategic level aims at distinct planning tasks and objectives. The strategic levels are meant to apply the decisions made by businesses and their impacts on the organizations. Following are levels of planning strategies: 1. Corporate strategy 2. Business strategy, and 3. Functional strategy. Corporate level strategy covers the decisions the company made regarding allocation of resources to achieve the desired goals. It also makes the decisions regarding new services and diversifications provided by the company. Business level strategy concerns with the decisions regarding how the companies would be competitive in the business environment for a particular service or product. Functional level strategy focuses on how a particular business would undertake and operate various business strategies. The successful application of the planning strategies might include modern systems, employment, and training of staff in addition to and the creation of new business partnerships. However there are certain limitations for many organizations to execute some specific plans. The best method for the execution of strategic planning involves both a strategy formulation process and an implementation procedure. Formulation of the planning strategy decides about the modus operandi and its execution. Both these procedures are strongly interrelated and could be assessed individually. Strategy formulation Strategy formulation is a quite flexible process and is employed to evaluate or re-examine a company’s core values and philosophy. Moreover it helps in development of company’s plans to realize its targets and goals (Beamish, 2000). Following are the key determinants in the strategy formulation procedures: 1. Consensus of mission and vision 2. Environmental assessment, and 3. Setting goals and objectives. Mission/Vision A good strategic plan ensures that a ...
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(MANAGEMENT Research Paper Example | Topics and Well Written Essays - 1250 Words)
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The term management has also been defined as a process that entails coordinating and organizing of organization’s activities in line with predetermined policies, so as to achieve defined goals and objectives (Daft & Marcic, 2010). From another perspective, management may also be viewed as a group of persons who are in charge of making crucial decisions regarding the operations of a business or organization (Griffin, 2010).
This operation has a legal backing in the sense that there are remote possibilities of any clash with the law. The food that is produced by Lean-Body Diet is fit for the consumption of everybody in the society regardless of the age status. On this score, it might be added that the legal element of the business is supportive of the activities and objectives of the business.
Along with the management skills, managers should possess some degree of technical skills (i.e. help wait on tables, occasional food preparation etc in the chosen case study) to manage employees and their problems in an effective manner (Basic Skills for Project Managers).
It is important for a manager to have interpersonal, leadership and management skills in order to influence, motivate and encourage its resources so that the employees can give their optimal output to achieve the company’s goals and objectives. Management has three principal roles that includes interpersonal, informational and decisional role, which any individual can own.
Management, according to Saxena (2009), is the act of bringing people together to accomplish desired goals. The principles of management are the crucial basic factors that form the base of successful management. Management, according to Adetule (2011), also refers to the act of planning, organizing, directing and controlling the efforts of organization’s members using organization resources so as to attain certain goals of the organization.
The open system view values the association of the organization with its surrounding. The organizational theories include classical, neoclassical, and modern theories of organization. The classical organization theories include scientific management approach, administrative theory, and bureaucratic theory.
The implementation needed a complete effort from not only the top management but also the entire hierarchy of organization. A change in organizational culture resulted in an effort of focusing more on team work and also on
e permission to bring Poochey Pie with him in a carrier to his office, after taking an oath from him that he will not let the dog be a source of inconvenience to his fellow workers in any way. Harry is a Human Resource Manager with great potential and I can not spare such a good
Thus, manufacturing is part of the supply chain. Manufacturing technology affects the supply chain in various ways and the need to better utilize the manufacturing technology to improve the supply chain is