This document discusses the various aspects of management, including employee relationships and integration, technological changes, globalization, and talent retention. It provides insights and strategies for decision making and managing these areas effectively.
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Running head:MANAGEMENT Management Name of student Name of University Author note
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1MANAGEMENT Assuming, I have been appointed as the CEO of Scott Bicycle in US that has been acquired through aggressive takeover by an organisation within the same industry. There were certain issues associated with the cost reduction and manufacturing, cutting staffs and while integrating the parent company’s employees into the new division (scott-sports.com, 2019). Based on the perspective of Scott Bicycle, it is important to undertake decision makingactions,furthermoreensuremaintainingproperemployeerelationshipsand integration,managementoftechnologicalchangesandglobalisationandretainingthe existing skilled and knowledgeable talent pool too. Employee relationships and integration As a CEO of the organisation, it is important to manage the human resources properly and improve the level of support provided to the employees to foster better decision making and manage deep collaboration with them. As stated byAdams(2015), the various factors including the involvement of skilled individuals, engaging external stakeholders, breaking down the silos and obtaining varied ideas and opinions of team members are essential for practising integrated thinking and to achieve better decision making ability. The hierarchy of needs of employees is understood before planning for employee engagement strategies and it can be based on the Maslow’s hierarchy of needs that are to be focused on before continuing to grow. The lower level needs should be fulfilled, i.e., survival and safety, which would be possible with the creation of a positive work culture and then focus on needs at higher level including belonging, self-actualisation needs, etc (Adams 2015). The engagement goals should be discussed with them for making them feel realistic and providing both monetary and non-monetary rewards could be beneficial for valuing individuals and ensure integration in the new department. Technological changes
2MANAGEMENT According toNewell & Marabelli(2015), with the changes and advancement in technologytheinterlinkingofinformationsourcedfromvariousbusinessareasand applications is possible and thus the time taken for decision making will be reduced too. As the CEO, with the evolvement of technology, decisions should be made for managing adoption achieved through change management strategies. To get accustomed with the changes, the employees must be involved so that they could be open to the idea of an IT system newly implemented. Furthermore feel more secured and gain acceptance to facilitate innovation perspectives and gain growth consistently (Newell & Marabelli, 2015). The technological changes have shaped the pattern of decision making and it could help in proving training sessions to address initial concerns and improve the skills and knowledge of employeestoo. Globalization Decisions regarding transparency should be made along with making the employees understandaboutthenewbusinessmodelandwiderstrategiesrequiredtomanage globalisation. As a CEO, it is important for me to make early prediction of risks that might create adverse outcomes during the decision making that relate to strategic decisions. The decisions should be made according to the skills, abilities and competencies so that the policy makers follow those while managing globalisation (Shepherd, Williams & Patzelt, 2015). The global staffs should be trained for getting engaged in policy making while conferences in national and international stages could also help in aligning with the organisational policies andensuresuccessfulinternationalbusiness. Retention of employee talent The decisions should be made collaboratively with the HR manager and the salary structure must be competitive while the employees’ needs are to be taken care of for keeping
3MANAGEMENT them motivated and retained at the new division. The actions undertaken should include promoting opportunities for them to grow and learn, furthermore create room for their evolvement while making goals and expectations clear for ensuring formation of a healthy work culture and good working environment too (Meyers & Van Woerkom, 2014).
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4MANAGEMENT References Adams, C. A. (2015). The international integrated reporting council: a call to action.Critical Perspectives on Accounting,27, 23-28. Meyers, M. C., & Van Woerkom, M. (2014). The influence of underlying philosophies on talent management: Theory, implications for practice, and research agenda.Journal of World Business,49(2), 192-203. Newell, S., & Marabelli, M. (2015). Strategic opportunities (and challenges) of algorithmic decision-making: A call for action on the long-term societal effects of ‘datification’. The Journal of Strategic Information Systems,24(1), 3-14. scott-sports.com. (2019). Retrieved from https://www.scott-sports.com Shepherd, D. A., Williams, T. A., & Patzelt, H. (2015). Thinking about entrepreneurial decision making: Review and research agenda.Journal of management,41(1), 11-46.