How do you think managers can ensure that their performance behavior meets the requirements of the organization for which they work? It is important for a manager to have experience with and an understanding of the processes and procedures carried out by their team/department. Managers should be familiar with company schedules and deadlines, communicate these deadlines to their team and plan accordingly. They should also have a clear understanding of the company’s goals and objectives. A manger should report on and audit their team/departments overall productivity and outputs to ensure that time and recourses are being spent wisely.
Strategic Management Process Paper MGT/498 Strategic Management Process Paper The strategic management process is developed by an organization in which to direct decisions in order to achieve an organization’s goals and objectives. The strategic plan dictates how an organization operates ethically and socially in the business world. The strategic goals must address certain components to ensure the strategy addresses specific tasks and possibly how an organization will satisfy its stakeholder’s interests to culminate a successful plan. Primary Components The primary components of a strategic management process includes, Setting goals, analyzing information, plan formulation, implementation, and evaluation and control. The strategic management process is a philosophical approach to business rather than a simple set of rules (Clayton n.d.) Why Strategic Management Strategic management is the driving force of any organization.
The goal is to eliminate waste, such as inventory, lead- time and simplify the production process. The finished goods are responding to the customers’ demand, which means that every activity is pulled through the production process. This results in quick respond, efficiency and meeting the customers’ requirements. This also means the JIT is dependent on the suppliers flexibility in order to deliver the goods in the right time. The JIT requires employee involvement and teamwork to accomplish the goals.
The process of objectively justifying a project investment begins with a business plan that compellingly details the strategically based reasons why an organization should sponsor a particular project. An effective business plan addresses, issues that include 1. identifying customer needs, 2. measuring results, 3. controlling project scope, and 4. understanding stakeholders. It should also describe the key areas of concern that business case must outline, areas that include organizational impact, strategic rationale, competition, risks, staffing, schedule, and costs. A good business case is important since it sets the stage for the project by providing a firm foundation and road map for success. By involving the customer in planning process, needs become more fully understood and documented.
The following part of the essay aims at defining some of the important terminologies and concepts used in strategic management. Table: Business Strategy concepts and Terminology SI No. | Terms | Definition from my research | Source ofdefinition | My own understandingof the term | 1 | Mission | A mission statement is the company’s core purpose and its idealistic reason for being | Stefan Sabrautzki | A mission statement focuses on defining the existing state of affairs of the business and hints on the desired end result of all the organizational activities. It states in explicit terms what the business plans need to accomplish and guides the management activities such as planning, resource allocation and setting of objectives. | 2 | Vision | A vision statement presents an image of the organization in the future, that will motivate the employees to focus their actions towards a point | Charles E. Bamford, G. Page West | A Vision is the overall idea or dream of the founder of the
Which will help to suggest improvements that will increase resource efficiency and effectiveness; as employees use resources everyday to get there job done and will know what works and what doesn’t. It is necessary to develop KRAs and KPIs that meet the organizations needs, as Key Responsibility Areas (KRAs) refer to general areas of outcomes or outputs for which the department's role is responsible for. KRAs help individuals clarify their roles, align their roles to the organisation’s business or strategic plan, focus on results rather than activities, communicate their role’s purposes to others, set goals and objectives, prioritize their activities, and therefore improve their time/work management. While Key Perfomance
Therefore, any organization should be taken care if hiring the consultants. Introducing the Balanced Scorecard for compensation only. Obviously, linking strategy to compensation is a powerful lever to gain the attention and commitment of individuals to strategy. Some companies, however, forget that they must translate the strategy into terms each of their employees can understand and use in their everyday activities a key component of implementation
At all times they need to be responsible for what comes out of their mouths when in the company of other people. EAPTOOLS (2008) states that tuning in to your customers’ shifting emotional needs and responding to them effectively will improve customer service skills. A customer service rep that concentrates on the customers emotions and is empathetic to them will be much more successful than
Good interpersonal relationship plays an important role between people and organizations. Carroll (2010) states that good work relationships are “pivotal to getting positive results and developing team harmony”. The presence of “seamless” interpersonal communication in a workplace enables the staff to focus on their work and not be sidetracked by poor professional relationships. Maes, Weldy & Icenogle (1997) mentioned that the key to having a successful career is also dependent largely on interpersonal skills. Interpersonal skills therefore do affect the quality of workplace relationships in an organization to a certain degree.
The Role of the Supervisor “Critically analyse the knowledge, skills and abilities, which you consider to be the key to the success of the role of the Supervisor/Team Leader. Refer in your answer both to concepts studied in the module and examples from your own workplace.” Course: Diploma in First Line Management Year: One INTRODUCTION The role of the Supervisor is a vital element in the efficient functioning of modern business. The role has changed radically in recent years as opposed to times when the successful Supervisor was regarded as having the sole ability and willingness to exercise authority. The modern day Supervisor has to be more willing and able to balance both the ongoing Tasks related to his/her position and also Human Resource Management. Harvey (1997 p.5) defines a Supervisor as: “Anyone at the first level of management who has responsibility for the work of others.” This is a very basic definition of the role of the Supervisor and one which gives very little insight into the skills and qualities required to successfully carry out the duties and responsibilities required of him/her.