CONTEMPORARY MANAGEMENT1 Elevator pitch responses from Topic 6 – Planning Understanding the response and view of our enior line manager regarding the concepts of planning as a waste of effort in the environment of business in the current era, I would like to state my opinion regarding the essentiality of planning. I belive the activity of planning is extremely important for achieving any sort of desired goal in any sector.Whether it be pharmaceuticals or any other field of interest. My statement relies on the fact that planning possess one of the most important factors for project and time management in any industry.Thepurposeofplanningorstructuringintheprcssofmanagementin pharmaceuticals filed is to direct and reach the company’s goal with the identification and determination of the resources and the mission to achieve the targets. Elevator pitch responses from Topic 8 – Organisational Culture In context to Sam’s dilemma, I would like to help Sam by presenting my view regarding the importance of the culture of the organization. I belive that culture is an important factor that shapes the nature of interaction of the employees at their workplace. It is important to keep in mind that one of the best motivation for the employees is a healthy culture. It is an important factor that promotes a strong bond among all the employees in the organization. The development of healthy corporate culture tends to motivate and value all the employees that results the employees to work efficiently towards targeting the company’s target, increase in employment productivity ans better morale among the employees. I really think Sam needs to read some of the books regarding his diagnosis regarding the culture in his unit.These are ‘The Culture Engine: A Framework for Driving Results, Inspiring Your Employees, and Transforming yourWorkplace’ by S. Chris Edmonds and Ron Friedman’s ‘The Best Place to Work: The Art and Science of Creating an Extraordinary Workplace’.
CONTEMPORARY MANAGEMENT2 Case discussion activity responses from topic 7 What management problems do you believe are confronting the Board of Benjys? Benjy’s is a large electronic and appliance retailer that is currently experiencing issues relate to their sales and degrading profit levels. This has happen due to the large number of online buyers or the growing number of online shoppers who tend to take advantages of the real life shopping experiences. Buyer furthermore are inspecting the products of the prices in the store and completing their purchase somewhere online via another retailer such as amazon and more (Huhtala & Feldt, 2016). This has been a serious issue since the online stores has been running short of customers and their productivity has suddenly fallen due to the rising online buyers. In the context of this issue, two of the important approaches that have been raised to handle the strategy dilemma of the company includes comparison and matching of the online prices and reposition of the copany towards better services,excusive innovative product range,knowledgeable and trained sales person and afer sales support. This approach is kind of truly since Benjy’s has developed its reputation of the comoany on the basis of proce range and the volume of its products.From the above two approaches, the second approach is better for the long run profit (Milićević, Sofronijević & Milosavljević, 2016). This is because, the low price range in the online portal may attract customers towards purchasing it but the reliability of the after sales services,the quality of the products and the trained and professional approachesof the employeesof the company willdefinitely contribute to the reputation of the company (Prabhakaret al., 2018). This is because people nowadays prefer good quality over the proce range. Cheaper price range with a degrading quality range will definetly lead the customers to shift their choice from the cheaper priced product tp realiable company products. The three mani level of strategy inclides setting targets at the top level, forwarding them to the next levels, allocation of resources, managing and monitor of resources. The corporate level strategies targets all the business units within
CONTEMPORARY MANAGEMENT3 the company. Furthermore, the company needs to appraise the external environment. The Benjy’s should consider its PESTEL forces of the general environmenr that includes large macro forces which impscta the companyregardless of its sector or field (Schermerhorn et al., 2014). The above case illustrating the disruptive innovation in the action targets the productivity and the profit margin of the company. This big challenge of ‘showrooming’ by Benjy’s is a familiar story of te mortar retail sector where the shoppers tend to prefer buying their gadgets and their electronic products from the online portal rather than from the store. Case discussion activity responses from topic 9 What management problems do you believe are confront Renate Schmidt regarding the compensation offer that Typware should make? The case is regarding the HR issue of managing the people. Typeware has been one of the best german software company who are wanting to recruit the top performer from one of its competitor. The person has been the most successful in handling the marketing roles of U.S and she is the best candidate. But the price tag as suggested by her is quiete large. Apart from the track recors she has a bargainingships offer from another start up and it has been really challenging for her to decide what to do. It is a classic situation. One of the cenral issue of the company is the paid policy (Corfield & Paton, 2016). The company has a history of compensating and adjustments for recruiting the top performer for the organizational benefits. Thereliessomeofthestandarpracticesincaseofinternationalcompensationsand companies are under pressure to cut deals with good people (Jones & Livingstone, 2015). They faced significant issues in the market. Justice and equity are important stuffs and paying a high pre to one employee leads to several dissatisfied employees in the organization which in turn hampers the organizational culture and challenges the values and morals of the organization.Thecompetingpressureandcomplexityoftheorganizationshouldbe
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CONTEMPORARY MANAGEMENT4 considered by the employees of the organization. The main aim is to identify the problems that form the root of the issue of the organization and to separate that from the producrtivity of the organization. The three basic theories that are discussed in this context includes the behavioral perspectives, the best practise perspectives and the resource based perspective (Guerci et al., 2015). From the perspective of human capital, the forces and the trends that organization’s must take into consideration is the composition of the internal and the external labor force. Case discussion activity responses from topic 10 How would you describe the structure in this company, from what you can interpret in the case? Do you think that the country of origin, India, makes any difference to the type of structure in Parivar? Some of the best compaies of the world have the best culture. Organizational culture and design contributes to their inter relation among them.Well defined culture are the backbone of any organization. There lies a relation amon the culture,design and the strategy. This company has quiete a strong cultural background. But in some ways it has quiete a open and agile culture, their culture embraces innovation (Pfeffer, 2014). Oppenness and agility is synonymous in the context of an innovative environment. The company has a defind and structured culture that encourages and empower people to create an friendly environment. Furthermorethecultureofthisorgaizationcontributestotheachievementofthe organization’s goal. But in som cases strong culture can be quiete dis-empowering for people. Poor practices,lack of creativity, lack of empowerment that tends to uninspiring work practices are some the negative factors of the strong culture in the company (Mbau & Gilson, 2018). Some of the basic charecteristics of the culture of the company includes risk taking
CONTEMPORARY MANAGEMENT5 and innovation, orientation outcomes, team orientation, stability, aggressiveness ,attention to detail and more. Strong cuktures tends to grow but it generally depends on the individual’s perspectives. This is because some people like quite cultures while some people are attracted to organizations since they see it as their place of accomplishment (Pučėtaitė et al., 2016). In case of the given case study, some of the employees expect financial and intellectual returns from their company and hence for them an impressive culture would be quite a disimpressive for them. It is thus a balance between the organization’s culture, structure and expectations of individuals,what they look for in an employer. The organization arranged the senior eople to work with the new comers closely to get them involved or being collaborative.The senior people were encouraged to be mentors (Jones & Livingstone, 2015).This was becoming counter productive for the organization. The demographics the company is targeting is clearly motivated by maximization of their income, giving job security. The culture xaring tends to give the employee of the organization. In the indian market, the structure of the IT based company of parivar may attract newer sales persons due to their lucratice incentive strategies but it can be quite claustrophobic for the new joinees of the sales team due to the constant interference of the senior persons in their work (Prabhakaret al., 2018). It is thus important for the organization to remember what sort of culture they are trying to build and what are the organizational values. Since these can get into each others way and be a hindrance in the way of growth and earning. Case discussion activity responses from topic 11 What are the problems that Cheryl Hailstrom faces in this case,as you perceive them? In other words, consider two aspects: The problems she believes that she is experiencing, and Other problems that you perceive she is facing, whether she recognises these or not.
CONTEMPORARY MANAGEMENT6 One of the major issues Hailstrom has been facing is the changes in the organization. This is because, effective planning and managing the organizational change is one of the most challenging elements of the job of a manager. It is the duty of the manager to be aware of the changes in the organization since diagonosis of the reasons of the organizational changes serves toward the surordinates and the organization (Albrecht et al., 2015). Some of the dimensions on which Hailstrom needs to be aware includes extention of planning, degree of change, degree of learning, organizational structure and targets of change (Eisenberg, 2017).While dealing with the problem of Hailstrom, it is to understand that there lies no right approachtowardsmakingtherightorganizationalchanges.Thecontextofchange management includes several theories and models tha Hailstrom can apply as a manager for the effective understabding of the changes. Some of the other problems or pitfalls of th changes in the organization Hailstrom is facing includes the mismatch of the need technique, lack of systematic changes, overusage of process terms, lack of up front decisions, training miss (Charles Sturt Univrsity, 2018). The three most critical chages of the system of change management of an organization that Hailstrom is facing includes preparation fr change,management of the change and reinforce of the change.Some of the renowned models that can be illustrated in the above context of Hailstrom are lein’s change model, action research model and the positive model. As identified by the Hailstrom case, one of the biggest problem faced by her is the resistance at multiple levels and by multiple people of the organization (Nagpal et al., 2015).This is because resistance is one of the major road blocks while initiating any changes. Another of the important factor that Hailstrom should keep in mind is that the term resistance arguably implies the right and the wrong answers and to understand the importance of it while applying. Changes in the intervention supports the transformation of the organization towards the high organizational performances.
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CONTEMPORARY MANAGEMENT8 References Albrecht, S. L., Bakker, A. B., Gruman, J. A., Macey, W. H., & Saks, A. M. (2015). Employeeengagement,humanresourcemanagementpracticesandcompetitive advantage: An integrated approach.Journal of Organizational Effectiveness: People and Performance,2(1), 7-35. Charles Sturt Univrsity. (2018, May 31). Contemporary Management -MGT501. Retrieved fromhttps://interact2.csu.edu.au/webapps/blackboard/execute/displayLearningUnit? course_id=_30379_1&content_id=_2008535_1 Corfield, A., & Paton, R. (2016). Investigating knowledge management: can KM really change organisational culture?.Journal of Knowledge Management,20(1), 88-103. Eisenberg, M. A. (2017). Legal models of management structure in the modern corporation: Officers, directors, and accountants. InCorporate Governance(pp. 103-167). Gower. Guerci, M., Radaelli, G., Siletti, E., Cirella, S., & Shani, A. R. (2015). The impact of human resource management practices and corporate sustainability on organizational ethical climates: An employee perspective.Journal of Business Ethics,126(2), 325-342. Harjola, V. P., Mebazaa, A., Čelutkienė, J., Bettex, D., Bueno, H., Chioncel, O., ... & Leite‐ Moreira, A. (2016). Contemporary management of acute right ventricular failure: a statement from the Heart Failure Association and the Working Group on Pulmonary CirculationandRightVentricularFunctionoftheEuropeanSocietyof Cardiology.European journal of heart failure,18(3), 226-241.
CONTEMPORARY MANAGEMENT9 Huhtala, M., & Feldt, T. (2016). The path from ethical organisational culture to employee commitment:Mediatingrolesofvaluecongruenceandwork engagement.Scandinavian Journal of Work and Organizational Psychology,1(1). Jones, C., & Livingstone, N. (2015). Emerging implications of online retailing for real estate: Twenty-first century clicks and bricks.Journal of Corporate Real Estate,17(3), 226- 239. Mbau, R., & Gilson, L. (2018). Influence of organisational culture on the implementation of health sector reforms in low-and middle-income countries: a qualitative interpretive review.Global health action,11(1), 1462579. Milićević,V.,Sofronijević,A.,&Milosavljević,G.(2016).ContemporaryIndian managementpracticesinthedynamicemergingmarketeconomy.Management: JournalofSustainableBusinessandManagementSolutionsinEmerging Economies,21(78), 11-24. Nagpal, H., Hori, T., Furukawa, A., Sugase, K., Osakabe, A., Kurumizaka, H., & Fukagawa, T. (2015). Dynamic changes in CCAN organization through CENP-C during cell- cycle progression.Molecular biology of the cell,26(21), 3768-3776. Pfeffer, J. (2014). Businessandthe spirit:Managementpracticesthatsustainvalues. InHandbook of workplace spirituality and organizational performance(pp. 43-59). Routledge. Prabhakar, G. V., Reddy, P. R., Savinkina, L. A., Gantasala, S. B., & Ankireddy, S. (2018). Influence of organisational culture dimensions on knowledge management processes in higher educational institutions.International Journal of Knowledge Management Studies,9(1), 51-71.
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CONTEMPORARY MANAGEMENT10 Pučėtaitė, R., Novelskaitė, A., Lämsä, A. M., & Riivari, E. (2016). The relationship between ethicalorganisationalcultureandorganisationalinnovativeness:Comparisonof findings from Finland and Lithuania.Journal of business ethics,139(4), 685-700. Schermerhorn,J.,Davidson,P.,Poole,D.,Woods,P.,Simon,A.,&McBarron,E. (2014).Management: Foundations and Applications (2nd Asia-Pacific Edition). John Wiley & Sons.