Abstract On Managment – Coursework Example
on Management Management, in business, refers to the manner in which the top hierarchy of a company is able to communicate, coordinate and essentially manage the lower levels of the workforce in such an effective manner, which leads to the long term success of the business.
Within this topic of management, there are many instances of events which catch the attention of the general public. For example, Salyer (2012) of Business Week, reports Aubrey McClendon, chief executive officer of Chesapeake Energy, to have used up “hundreds of millions of dollars in personal loans to purchase stakes in company wells”. This depicts the uncanny manner in which management goes astray, leading to the corrosion of any company in terms of confidence, transparency as well as morality.
Techniques in management are ever changing and evolving, with individuals seeking to innovate new management styles to accommodate for effectiveness within the workplace. Vanderkam (2012) from Fortune, puts forward a case where incorporating delays in management decision making would be a key factor. Instances include where more information is needed, waiting for a problem to dissolve or prioritizing other works.
Leadership holds considerable importance in management. It is an even more of a crucial factor in an economy which is progressive in nature. Mckirdy (2012) of the Wall Street Jounal, reports leadership coaching on the rise to cater for local demands in leaders required for the supply shortage of effective leaders.
Management defines the course of any business. Depending on the attitudes of management, its business will follow.
Euan McKirdy June 20, 2012. Leadership coaching takes hold in China. The Wall Street Journal. Retrieved from
Kirsten Salyer June 14, 2012. The corporate storm behind OKC’s thunder. Business Week. Retrieved from
Laura Vanderkam June 20, 2012. The case of putting stuff off. Fortune. Retrieved from