MANAGEMENT THEORY PRACTICE
Added on 2022-09-15
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Running head: MANAGEMENT THEORY PRACTICE
Management Theory Practice
Name of the Student
Name of the University
Author Note
Management Theory Practice
Name of the Student
Name of the University
Author Note
MANAGEMENT THEORY PRACTICE1
An effective organization is sad to be the one which can performs its functions
successfully and met the needs of its clients and customers. In other words, effectiveness
helps the owners of the organization to compete its rivals in the marketplace. The company
earn huge profits in the marketplace from functioning effectively. I, during all my years of
employment have served under of organizations. However, in this case, I would discuss my
service under Larsen and Toubro as well as discuss the reasons for considering the company
to be most effective in its service.
However, before I start to discuss the various reasons why I consider the organization
to be effective, it is important to know the purpose and scope of the company. As well all
know, Larsen and Toubro is one of the well-known Indian companies which have its offices
in the cities of many countries of the world (Cameron, 2015). It is well known to all that the
company mainly has interests in the businesses of heavy engineering, construction,
manufacturing of goods and other services. In addition to this, the company has a number of
divisions which deal with various other areas, including those of the financial services in the
world. The company is said to have 93 subsidiaries, 8 associates, 34 joint ventures and 33
joint operations companies.
While talking about the scope of the company, I felt that the main aims of the
company is to maintain an innovative and entrepreneurial team which will constantly create
value among the clients and the customers. In addition to this, I also feel that the scope of the
organization would be to create a culture of trust and continuous learning for the employees
while at the same time, meeting the expectations of the employers, stakeholders and the
members of the society as well. I feel that these scope of the company will allow it to
successfully meet the demands of the target audience in the market (Argyris, 2017).
An effective organization is sad to be the one which can performs its functions
successfully and met the needs of its clients and customers. In other words, effectiveness
helps the owners of the organization to compete its rivals in the marketplace. The company
earn huge profits in the marketplace from functioning effectively. I, during all my years of
employment have served under of organizations. However, in this case, I would discuss my
service under Larsen and Toubro as well as discuss the reasons for considering the company
to be most effective in its service.
However, before I start to discuss the various reasons why I consider the organization
to be effective, it is important to know the purpose and scope of the company. As well all
know, Larsen and Toubro is one of the well-known Indian companies which have its offices
in the cities of many countries of the world (Cameron, 2015). It is well known to all that the
company mainly has interests in the businesses of heavy engineering, construction,
manufacturing of goods and other services. In addition to this, the company has a number of
divisions which deal with various other areas, including those of the financial services in the
world. The company is said to have 93 subsidiaries, 8 associates, 34 joint ventures and 33
joint operations companies.
While talking about the scope of the company, I felt that the main aims of the
company is to maintain an innovative and entrepreneurial team which will constantly create
value among the clients and the customers. In addition to this, I also feel that the scope of the
organization would be to create a culture of trust and continuous learning for the employees
while at the same time, meeting the expectations of the employers, stakeholders and the
members of the society as well. I feel that these scope of the company will allow it to
successfully meet the demands of the target audience in the market (Argyris, 2017).
MANAGEMENT THEORY PRACTICE2
While analysing the effectiveness of the company, I would like to state the fact that a
company’s effectiveness can be various grounds like internal and the external structure of the
company, the financial operations of the company, the profits they earn and also the long
terms planning which the owners of the company have. Among all these criteria, the one
which I would feel to be the most important is the profits earned by the company form the
marketplace. Thus is the most important because this will attract the audience to the company
and its products and the services (Argyeris, 2014). In this case, it is important for me to
mention the fact that the company has been earning huge amount of profits from the
marketplace. This is evidenced by the fact that the company had recently reported a huge leap
which is a total of 43.14 cent jump in the case of the consolidated net profit of Rs. 1472 crore
for the first quarter of the year. In addition to that, I also found the fact that the total income
of the company had increased at a rate of 17. 12% from the previous years (Cameron, 2015).
Thus, it is from this, that I can conclude the profits earned by the company which had helped
me to use this criteria as one of the ways for measuring the effectiveness of the company.
However, in this case, I would also like to add the fact that there are other criteria in
the company which can also be used to analyse the effectiveness of the organization of the
company. I would include these stakeholder groups to be the investors as well as the
customers of the organization. While talking about the investors, I would like to focus on the
fact that the investors would mainly focus on the financial operations of the organizations.
This is because of the fact that the investors would only be interested in the company if the
company is able to earn much profits in the marketplace (Van der Voet, 2014). In the case of
Larsen and Toubro, I found that the company had a strong financial operations, which is
being carried out by them in the marketplace. The amount of profits that is being earned by
Larsen and Toubro in the marketplace is one of the reasons why the potential investors and
the shareholders in the market would want to invest more in the company itself. In addition to
While analysing the effectiveness of the company, I would like to state the fact that a
company’s effectiveness can be various grounds like internal and the external structure of the
company, the financial operations of the company, the profits they earn and also the long
terms planning which the owners of the company have. Among all these criteria, the one
which I would feel to be the most important is the profits earned by the company form the
marketplace. Thus is the most important because this will attract the audience to the company
and its products and the services (Argyeris, 2014). In this case, it is important for me to
mention the fact that the company has been earning huge amount of profits from the
marketplace. This is evidenced by the fact that the company had recently reported a huge leap
which is a total of 43.14 cent jump in the case of the consolidated net profit of Rs. 1472 crore
for the first quarter of the year. In addition to that, I also found the fact that the total income
of the company had increased at a rate of 17. 12% from the previous years (Cameron, 2015).
Thus, it is from this, that I can conclude the profits earned by the company which had helped
me to use this criteria as one of the ways for measuring the effectiveness of the company.
However, in this case, I would also like to add the fact that there are other criteria in
the company which can also be used to analyse the effectiveness of the organization of the
company. I would include these stakeholder groups to be the investors as well as the
customers of the organization. While talking about the investors, I would like to focus on the
fact that the investors would mainly focus on the financial operations of the organizations.
This is because of the fact that the investors would only be interested in the company if the
company is able to earn much profits in the marketplace (Van der Voet, 2014). In the case of
Larsen and Toubro, I found that the company had a strong financial operations, which is
being carried out by them in the marketplace. The amount of profits that is being earned by
Larsen and Toubro in the marketplace is one of the reasons why the potential investors and
the shareholders in the market would want to invest more in the company itself. In addition to
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