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Economics and International Trade Report - Vodafone Company

   

Added on  2020-05-28

11 Pages2284 Words74 Views
Running head: ECONOMICS AND INTERNATIONAL TRADEEconomics and international tradeName of the universityName of the studentAuthor note
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1ECONOMICS AND INTERNATIONAL TRADEExecutive Summary:The study of Evolution of Management Thinking provides different historical concept toadopt any suitable managerial strategy. Hence, the Vodafone Company has chosen todescribe its activity based on this study. However, before this study a reflective analysis willanalyse the basic needs of planning, organisation, leadership and control (POLC).
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2ECONOMICS AND INTERNATIONAL TRADETable of ContentsPart A:........................................................................................................................................3Selected incident:...................................................................................................................3Analysis:.................................................................................................................................3Evaluation:.............................................................................................................................4Part B:.........................................................................................................................................5Introduction:...............................................................................................................................5Scientific Management:.........................................................................................................5Theory X and Theory Y:........................................................................................................5Company Selection:...............................................................................................................6Scientific management analysis:............................................................................................7Theory X and Y analysis:.......................................................................................................7Evaluation:.................................................................................................................................8Reference:..................................................................................................................................9
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3ECONOMICS AND INTERNATIONAL TRADEPart A: Selected incident:I wanted to start my own business in a small town of Australia. As fast food industryis expanding rapidly, it was an interesting profit making business for me. Being a newbusiness organiser, I needed good managerial strategies to set up my business. With verylimited capital and labour power, it was very difficult for me to start a new business properly.Hence, I needed a proper planning, good organising power, perfect leadership and controlling(Ishak 2015).Analysis:Proper planning is very important for a manager to take any decision related tobusiness. For me, it was very important to indentify a proper location to start my business.Moreover, analyzing product items and setting reasonable price for those products were veryimportant for me. Being a start-up business organiser, my first motive was to attractconsumers. Hence, I did planning based on those criteria. Good organising power is the second most important step to continue a businessproperly. Being the founder and manager of my business, it was very important for me toimplement a good organising power, as well. At first, I hired only five workers. Based onskills, I gave them different types of work. There were two head cooks, who made six typesof bakery items every day. Moreover, one staff helped them to bake food with good quality.Two persons worked as a waiter. As I could not hire more labour initially, I worked as amanager, observer and cashier. Being the founder of my business, a good leadership power was essential. The firstobstacle for a start-up business was to attract their new customers. For this, I needed good
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