Large Global Firm: Enterprising Manager Journal Report Analysis

This journal report delves into the essential characteristics of enterprising managers, highlighting crucial attributes such as knowledge, skills, behavior, and attitude, vital for success in a Large Global Company. It identifies and justifies four key enterprise attributes—team player, multi-tasking ability, ability to deal with risk, and results-oriented approach—that are most beneficial for firm growth and profitability. The report further explores how organizations can effectively develop these managerial skills through training and development programs, emphasizing the importance of fostering a culture that encourages innovation, adaptability, and proactive decision-making to achieve desired organizational goals. The report emphasizes the significance of recruiting individuals with the right skills to deal with risks and uncertainties, make effective decisions, and contribute to the overall success of the firm.

Journal Report
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
CHARACTERISTICS OF ENTERPRISING MANAGER............................................................1
JUSTIFICATION OF FOUR ENTERPRISE ATTRIBUTES THAT SHOULD BE
DEVELOPED IN MANAGERS AND PROVE MOST BENEFICIAL FOR FIRM.....................4
HOW ORGANIZATION CAN DEVELOP THE MANAGERS...................................................6
CONCLUSION...............................................................................................................................8
REFERENCES................................................................................................................................9
APPENDIX...................................................................................................................................11
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INTRODUCTION
Enterprising skills and qualities can be stated as one of the keys to success. It is essential
for a young manager to take initiative and identify the suitable opportunities in order to develop
and learn new skills. Here, managers are required to identify crucial enterprise attributes i.e.
knowledge, skills, behaviour and attitudes (Fang and et.al., 2015). All these skills and attributes
are required to be clearly identified by the young manager of a Large Global Company so that
desired goals can be accomplished in an effective manner.
CHARACTERISTICS OF ENTERPRISING MANAGER
Enterprising is not the same thing as having an ambition to be self-employed rather it is
someone who is characterised by a particular mix of individuality, creativity and leadership.
However, it can be assessed that these are key skills which increases the demand among
employers to recruit such people in order to carry out the goals. Enterprising managers possess
effective skills such as knowledge, behaviour and attitude in order to demonstrate the innovation
and creativity among employees so that desired goals can be attained. Individuals involving such
attributes help in developing their skills and thus attain organisational success (Zhao, 2016). In
such fast growing and competitive world, entrepreneurial skills are required to be developed by
enterprising managers. Therefore, management of Large Global Firms are required to recognise
identity and attract such employees during the recruitment process so that growth and success
can be attained in effective manner.
Employees possess different skills and attributes in order to execute work and thus
contribute their efforts in order to maximise results. Following are the range of characteristics of
enterprising managers-
 Knowledge- It can be defined as the facts, information and skills acquired through
experience or education. However, it can be stated that individual is required to obtain
specific knowledge so that it could be implemented in business to obtain desired
outcomes. For instance, managers of global firms such as Tesco, needs to obtain
particular knowledge in relation to different fields such as Human Resource
Management, Finance, IT etc. so that obstacles can be overcome. Managers obtain
specific knowledge and information related to marketing and sales, finance, operations,
IT, communication and business innovation. It is the essential for young manager to
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obtain efficient knowledge about diverse fields so that they can manage and control the
working practices within company. Through possessing wide knowledge and resources, it
helps the managers to accomplish the desired goals.
 Skill- Skills can be stated as the attribute that helps in learning and carrying out the task
within the stated amount of time and energy. It is suggested that potential managers are
required to obtain effective skills and capabilities so that required goals can be attained.
For instance, the manager of Tesco is required to obtain specific skills and capabilities so
that employees can be encouraged to attain objectives. Managers obtain skills regarding
people management, networking, problem solving, innovation and creativity so that
desired targets can be attained. Young managers possess varied skills and capabilities
such as effectively dealing with risk, communication skill, leadership skill, etc. However,
developing all such skills help in enhancing the ability of individuals to attain the desired
targets (Ashourizadeh and et.al., 2014).
 Behaviour- It is the way through which one acts or conducts onself espcially towards
others. For instance, it is essential for young managers to identify the behaviour of other
entrepreneurs so that desired goals can be obtained. Managers attain behaviour which is
identified or directly observed with the help of self determination, self identity and self
efficacy. Further, young managers are required to develop positive behaviour towards the
working practices so that they can carry out the desired work in an effective manner.
Moreover, with the help of positive behaviour, young managers are able to accomplish
the organizational goals.
 Attitudes- Attitude can be explained as the expression of favour or disfavour towards
person, place, thing and thus it is essential for individual to obtain specifixc attitude to
achieve success. For instance, manager of Tesco is required to obtain positive attitude so
that they can effectively encourage their team members to obtain results. Furthermore, it
is another skill which states that young manager needs to possess effective attitude
towards their work and thus, builds effective working conditions to accomplish the work
(Isfahani, Aryankhesal and Haghani, 2015).
 Ability to deal with risk- It is essential for an entrepreneur to possess effective ability in
regard to deal with risk and thus; provides suitable solutions so that desired targets can
be attained. Recruiting right candidates assists in dealing with the risk and uncertainty so
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that potential decisions can be made in an effective manner. Such individuals are
required to make progress towards goals and make appropriate decisions even when
resources are lacking (Maxwell and Lévesque, 2014).
 Results oriented- The suitable employees are results oriented and thus they take the
ownership to get the task done. Selecting right candidate for the job helps in fulfilling
the task so that best decision can be made in order to gain actions and thus; resolve the
issues that affect others. Enterprising manager is required to make effective business
decisions and thus develops strong experience to make crucial decision (Chell, 2013).
On the other hand, supervisors and managers may disagree with the ultimate
recommendation so that they usually accept the alternatives to obtain reasonable
solutions.
 Energy- The right employee selected to carry out organisational goals possesses high
level of enthusiasm and energy. However, such people can consistently generated output
and thus expect desired results. Also, enterprising managers are committed towards firm
and thus attain overall goals (Stuetzer, Obschonka and Schmitt-Rodermund, 2013). The
employees with high energetic power do not make their contribution towards results but
also needs to attain maximum results. Such people perform effectively with limited
supervision and thus, self-motivate them to attain set priorities.
 Growth potential- Enterprising managers possess effective ability in order to attain
growth potential so that employees can carry out their duties effectively and thus able to
carry out Large Global Company objectives. Also, they are able to accept the higher
level of responsibility in order to carry out their position and experience so that the best
results can be attained.
 Team player- It is another crucial attribute possesses by the enterprising manager to
work effectively within the Large Global Company and thus recognise their role in order
to contribute to their overall efforts so that desired results can be attained. They also
possess accountability and ownership for their area of responsibility and thus expect
others to fulfil the desired tasks (D'Este and et. al., 2012).
 Multi-tasking ability- The right employees are always flexible to accept new roles and
responsibilities and thus accomplish the assignments so that goals can be accomplished
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in an effective manner. They can perform more than one task and thus perform the
functions so that it does not affect the business goals (Mueller and Dato-on, 2013).
 Improvement oriented- The enterprising manager is more than willing to challenge in a
constructive way existing procedures and systems. Therefore, employees are required to
identify the improvement oriented changes and thus improve frequently in order to
encourage frequently attainment of desired goals (Joun and Shim, 2014).
JUSTIFICATION OF FOUR ENTERPRISE ATTRIBUTES THAT
SHOULD BE DEVELOPED IN MANAGERS AND PROVE MOST
BENEFICIAL FOR FIRM
It can be assessed that there are various skills and attributes that should be developed in
order to attain organisational goals. The attributes possess by individuals helps in carrying out
desired success and growth of firm. It also assists in believing that it is most beneficial for firm
to attain results. For instance, managers are required to adopt effective attributes that helps in
improving the profitability and sales of firm (Ashourizadeh and et. al., 2014). There are different
skills which help in proving the best results for firm. Hence, for managers of Large Global
Firms, it is essential for them to develop specific attributes in order to help them and attain
desired results. Following are the crucial enterprise attributes that needs to be developed among
managers and provide benefits to firm-
 Team player- It can be assessed that enterprising managers are required to undertake
such attributes as it helps them to accomplish desired goals effectively. Individual is
required to carry out organisational goals and thus for that; they need to work within
team in order to obtain outcomes. Working within team helps them to identify the ability
of other team members and thus fulfil the aim (Zolin and Schlosser, 2013). Thus, it is one
of the crucial attributes that need to be adopted by enterprising manager in order to
recognise their role as-well-as other individual's role in order to attain overall effort and
success of firm. Managers are required to be accountable and ownership of their area of
responsibility and thus; expects others within the team to accomplish the same.
Moreover, employees are required to recognise the roles and contributions of others and
accomplishing their efforts effectively. Hence, it is essential for workers to work within
team and attain mutual goals.
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 Multi-tasking ability- It is another crucial attribute possess by enterprising manager and
thus; it is essential for them to accept new duties and assignments so that obligations can
be fulfilled in an effective way. Also, it is significant for business to recruit skilled
individual so that they can carry out multiple tasks in order to attain organisational
growth and success. Skilled employees selected within Large Global Firm are required to
perform more than one task at a time and thus; coordinate with other co-workers so that
defined goals can be accomplished. Also, it is crucial for firm to accomplish group work
and thus delegates the tasks to lower level employees so that they can perform it
effectively (Tseng, 2013). Hence, such attribute helps the manager to obtain
organisational success and accomplish desired goals. Thus, managers of Large Global
Company are required to adopt multi-tasking ability so that they can be flexible in regard
to accomplish assigned tasks.
 Ability to deal with risk- It is also one of the crucial attributes among enterprising
manager in order to operate the task effectively within business and thus; accomplish the
desired tasks to overcome risks. Skilled candidates are able to deal with the risk and
uncertainty faced within business so that progress towards goals can be attained. It is also
essential for employees to make crucial decisions when lacking one or several critical
resources and fulfil the aims so that organisational goals are accomplished. Managers are
required to possess the ability to undertake crucial decisions in regards to deal with the
risks in order to attain organisational goals (Fang and et.al., 2015). It is essential for
employees to possess the ability in regard to make crucial decisions and overcome varied
risks. Thus, Large Global Firm is required to make crucial decisions in regards to employ
skilled people so that they can manage and deal with the risks and make effective
decisions so that desired goals can be attained.
 Results oriented- It is another attribute possess by enterprising manager which helps in
developing skills of employees so that they can enhance their ownership to get the task
done. Managers are required to identify the skills of their team members and thus; make
effective decision to achieve sound results (Maxwell and Lévesque, 2014). Also, it is
significant for entrepreneurs to make effective decision making in order to supervise the
tasks and thus attain ultimate goals. Hence, managers and supervisors of Large Global
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Firms need to agree with the identified alternatives in order to make reasonable solutions
so that situation can be maintained.
HOW ORGANIZATION CAN DEVELOP THE MANAGERS
It can be assessed that business is required to develop their managers by providing them
proper training and development so that skills and attributes can be attained. Also, it is
significant for enterprise to identify a range of skills in order to be able to develop managers and
encourage individual to perform desired roles and responsibilities. For instance, if enterprise
wants their business to grow it needs to reach at a stage when essential skills are required among
managers as it improves their capability to attain organizational goals (Zakarevičius and
Župerkienė, 2015). Also, organization is required to get right mix of employees in order to
reinforce the business and thus, create a more efficient and capable business. However, such
process helps in setting up an effective management team so that it can gain the advantages of
having and developing an active team within the firm. It is essential for Large Global Firm to set
team skills so that they can run the business successfully. It involves sales and marketing,
production, finance, administration and procurement (Meissner and Radford, 2015).
Furthermore, each and every organization does not need these competencies to improve
its sales performance. It is essential for individual to review the business needs so that skills can
be identified and thus, current staff requirements can be achieved so that with the help of formal
training or monitoring, results can be attained. Managers are required to gain expertise from time
to time so that they can outsource the required things and thus, they can expand business
operations to a great extent (Isfahani, Aryankhesal and Haghani, 2015). Another best option is
that firm may use outside directors or non-executive directors who are able to bring substantial
commercial knowledge and experience within Large Global Firm for attaining organizational
goals. However, it is significant for firm to ensure that all the roles and responsibilities are clear
and effective communication structures are in place so that both the formal meetings such as
briefings, progress report etc. and informal meetings such as team building sessions and general
feedback can be made to help individual in developing their skills as well as achieving desired
areas.
Also, it is essential to consider the following stages in order to develop the management
team and it also needs to review the business progress in order to achieve right direction where
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the firm wants to go. Furthermore, it is crucial for business to measure their performance in the
market against the competitors to attain desired goals (Laud, Arevalo and Johnson, 2015).
Managers should be able to analyse the strengths, weaknesses, opportunities and threats in
regard to identify the gaps and thus, implement actions to achieve objectives. These objectives
are as follows:
 Identifying the skills that business requires and considering the strengths and
weaknesses that individual offers personally.
 Managers should be able to understand the skills, potential and ambitions of existing
staff and accordingly, need to focus on their leadership qualities (Arjmandnia and et. al.,
2016).
 It is essential to analyse the availability of existing skills related to business
requirements and establish priorities for the acquisition of missing skills in order to
obtain results.
 Management should focus on staff development process that helps in enhancing the
skills and considering the reallocation of responsibilities to create a genuine team rather
than a group of individuals (Carriger, 2016).
 It is essential for the management to consider different options such as consultants,
outsourcing and contract workers in order to analyse the costs and benefits and enhance
sales.
 Large Global Firm is required to look at the permanent staff recruitment procedures in
order to make the best plan for future positions and thus, attain prospective skills
(Dixon, 2015).
Furthermore, it is significant for managers to identify training and development needs of
employees in order to fulfil the new roles required from them. It helps them to get promoted
within the firm and attain satisfaction. Providing training and development to individual helps in
improving their skills and abilities and thus, enhances the sales and profitability of firm in the
market. Company is required to deliver formal training in order to enhance their specialist
knowledge and thus, support the team to gain confidence as well as attain individual goals
(Tseng, 2013). Furthermore, there are wide ranges of training options available that involve
formal courses run externally or internally in-house. Less formal training sessions are also useful
and individuals mat get benefit from on-the-job training to satisfy the requirements of managers.
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Thus, through using all such ways, individuals can develop their skills and abilities and it
helps them to improve efficiency so that desired objectives can be attained. Also, management is
required to focus on proper training and development of individuals so that they can easily
perform their responsibilities to enhance the business growth and success (Joun and Shim, 2014).
Further, there are different performance management tools that help in measuring individual's
performance so that desired objectives can be attained in an effective way and thus, sales targets
of business can be fulfilled.
Hence, developing managers within Large Global Firm helps in attaining specific goals
and thus, improves individual performance so that aims can be accomplished. Also, it is crucial
for firm to adopt varied measures in regard to evaluate and measure the performance so that set
targets can be managed easily. However, top management is required to identify the skills of
managers and then, provide them proper tasks so that these can be accomplished effectively and
efficiently (Fang and et.al., 2015). Accordingly, it helps the organization to develop managers in
an effective way and thus, obtain organizational as well as individual goals.
CONCLUSION
It can be examined from the study that manager working within Large Global Firm is
required to identify different attributes and skills among individuals so that desired results can be
attained in an effective way. Also, it is significant for firm to introduce various objectives for
managers in regard to achieve organizational goals. Furthermore, it is essential for organization
to develop the skills of managers so that they can manage operations of the firm efficiently.
Managers are required to manage risks and focus towards results so that success can be attained
within Large Global Firm.
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REFERENCES
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Online
Dixon, M. N., 2015. Developing Managers For The Learning Organization. [PDF]. Available
through: <http://www.commonknowledge.org/docs/Nancy%20Dixon%20-
%20Developing%20Managers%20For%20the%20Learning%20Organization.pdf>.
[Accessed on 27th May 2016].
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