They play a critical role on the firm's ability to compete within the market. Their performances can have a huge impact on the firm's strategies and how the firm’s goal is designed. The managers are charged to make certain their firm is able to effectively formulate and implement strategies. The top level manager's strategic leadership is the ability is to anticipate, envision, maintain flexibility, and empower others contribute to the firm’s success. They involve in managing entire enterprise rather than a functional subunit, and coping with change that continue to increase in the global economy.
First let’s break the words down. Strategic is defined as the identification of long term or overall aims. Management is to coordinate the efforts of people. Strategic Management analyzes the major initiatives taken by a company's top management on behalf of owners, involving resources and performance in internal and external environments. It also is important because it provides a firm groundwork for organizing business ideas.
Due to the large size of AT&T, the organizational structure tends to be a little more complex and requires a little more attention when it comes to choosing the most effective option. Let’s take a look at the organizational structure best fit for success for AT&T. AT&T is set up as a functional organizational structure. Starting at the top of the company, with Randall Stephenson as the Chairman and CEO the structure breaks down into different business functions. Some of those examples are Finance, Sales, Marketing, and Network/IT. Based on these specific groupings by skill makes AT&T a functional organization.
Evaluating leadership effectiveness is vital in every organization. All businesses can have leadership but it does not make them effective leaders. Two ways to determine effective leadership is goal achievement and the support of followers. Leaders can have delayed or immediate influences on both factors. For example, policy changes causes can create immediate results.
Which roles could they improve upon? Management has accountability to its stakeholders as assurance that human capital is being used effectively. I consider that all three roles are all important factors, and one cannot be separate from the other. Human capital is exactly as it sounds, it is the investment, and the ROI (return of investment) for an organization. An organization invests in its employees, hiring talented people, abstracting their efficiency and skills, building and training them into current and future environments, all in part of the investment they imply towards the development of its organization.
Staffing is defined as “the process of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impacts on the organizations effectiveness” (Heneman & Judge, 2010, pg 8). Staffing an organization does not come without its challenges. As organizations embark on staffing activities, the HR department must have a well thought out strategy prior to implementation. The who, what, when, where, and how an organization is going to staff its vacancies needs to be answered first. Is a person/job match or the person/organization match the right strategy, or is it a combination of both?
1. SECTION 1 - MODEL HIGH STANDARDS OF MANAGEMENT PERFORMANCE AND BEHAVIOUR 1.1. Activity 1 1.1.1. How do you perceive the role of a business/ organizational manager, ie what things does a manager need to do and what resources do they draw upon? A business / organizational manager is someone who is responsible for an area or department of works, it is their responsibility to ensure that the department / area runs smoothly and efficiently.
Title: Jack Welch and Sir Richard Branson: Which would you choose? Executive summary In business, an organisations survival, profitability and sustainability are in the hands of a few dedicated and success driven individuals. The degree and quality of internal desire, determination and persistence for self and for others will be the thermometer of their leadership. History judges their legacy, whether villain or champion and whether they will be role models of generations. Leadership in business is competitive and challenging, with the capacity to excel within and out is exponential and the potential for greatness at stake.
They motivate their staff members and communicate the high level messages received during leadership meetings. The functional structure allows each leader to concentrate their efforts in their specific areas of expertise. They report departmental performance and other information to top level management, helping create efficient, cost effective units. In a functional organization, processes are focused, goals are more clearly established, and bottom lines are met. Finance The Aetna Finance Department is set up with a hierarchy consisting of a Vice President, Director, managers, and employees.
Project management has become a vital component in today’s business environment. It has become a standard way of doing business today. A project can be anything with a defined objective and a life cycle which has a beginning and an end. A project should be on time, on budget and should meet the given specifications. The demand for project management has increased and a best indicator for that is the expansion of Project Management Institute (PMI).