Management Principles: Can Business Management Learn from the Management of an Elite Sporting Team?

Running head: MANAGEMENT PRINCIPLES
Management Principles
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MANAGEMENT PRINCIPLES
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Table of Contents
Question 1..................................................................................................................................2
Question 2..................................................................................................................................2
Question 3..................................................................................................................................3
Question 4..................................................................................................................................3
Question 5..................................................................................................................................4
Question 6..................................................................................................................................5
Question 7..................................................................................................................................5
References..................................................................................................................................6

MANAGEMENT PRINCIPLES
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Question 1
According to the viewpoint of Blanchard (2018), the ideologies of leadership in a
team, the strategies, the planning and processes, human resource management as well as the
cultural aspects of an organisation are all the necessary factors that determine the success of
any business entity or an event that is organised for a short period of time. In this connection,
the given paper is based on analysing the key aspects that are related to the above-mentioned
ideologies as per the article named as Can business management learn from the
management of an elite sporting team?
The article showed that in order to lead a project effectively and efficiently with the
help of high-performing capabilities of the leader as well the responsible management. If the
administration would not have planned the event in an organised way, and the leaders would
not have led the team in a processed way, the event would have turned out to be a failure. The
success of the sporting team event clearly proves that all the mentioned factors are inter-
dependent on each other that determines the productive success of a business entity. It also
showed the way the team consisting of different people from different culture managed to co-
operate and gel with each other and how the same is essential for the paradigm of a business
entity.
Question 2
Based on the examination of the article, the significant elements that determine the
change management were recognised as the practical communication skills and planning, the
activities of sponsorship as it was a sporting event, the constant aspect of training and
development and the management of the diversified culture of the team. The same, when
connected to the context of a business team, is also identified to be necessary as the
corresponding elements ensure that the plans and processes of a business are carried up in the