Challenges for New Zealand CEOs

This assignment examines the challenges confronting chief executive officers (CEOs) and managers across various organizational types in New Zealand. It delves into factors impacting these leaders within the private, public, and not-for-profit sectors, providing a critical analysis of the issues they face.

ARTICLE CRITIQUE

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
THE CRITICAL CHALLENGES FACING NEW ZEALAND’S CHIEF EXECUTIVES:
IMPLICATIONS FOR MANAGEMENT SKILLS ......................................................................1
CONCLUSION................................................................................................................................4
REFERENCES .............................................................................................................................5

INTRODUCTION
The report is critically reviewing the information related to the managing and working
environment presently pursuing in New Zealand. In the report, it is stated that the managers,
supervisors and chief-executive officers are highly responsible for building up effective
environment for their employees in order to gain better results, thus, the study is providing the
captious understanding about the same.
Thesis statement: Managers, supervisors and chief-executive officers are highly responsible for
building up effective environment for their employees in order to gain better results.
THE CRITICAL CHALLENGES FACING NEW ZEALAND’S CHIEF
EXECUTIVES: IMPLICATIONS FOR MANAGEMENT SKILLS
As per the viewpoint of Boxall and Purcell (2011) which explained that an organisation
generally follows a hierarchical structure while conducting and executing a business activity.
This helps them in overcoming the task in a desired manner and accomplish the set of objectives
proposed by the higher authorities. Similarly, the managers and chief-executives of organisation
engaged in New Zealand are also liable to build up departmental wise hierarchical structure in
order to complete the work on specified time and achieve the proposed set of results. For this, it
is necessary for them to identify, create and implement better action plan in order to construct an
effective and professional working environment. The process of edifying an efficient working
situations and conditions in the management and business requires proper knowledge and
understanding regarding the entire procedure. However, the study of McGuire (2014) argued that
managers and supervisors is determined as a link between the top and lower level management
and thus, they are only responsible for assigning the work and projects by formally
communicating and interacting with the other staff members. The research added that the chief-
executives and higher authorities are accountable for improvising and creating a professional
operating environment for the business.
According the stated article of Hutchinson and Boxall, (2014) which depicting about the
management situations and conditions faced by the chief-executives and managers while
handling and executing the business operations. The article is based on the organisation of New
Zealand where the corporate world and related aspects has an immense source of opportunities
for gaining higher return and benefits from the market attempts and factors. It has been
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evidenced that an effective working environment helps the organisation and their Human
Resource team in gaining high rate of retention for their workforces. As the ability of the
business in maintaining a team of experienced, talented and skilled personnels enables them to
generate better results and outcomes. In addition to this, the explanation made by Green and et.
al., (2011) concluded that the manufacturers of New Zealand can gain benefits only when they
focus their efforts and attention on development of management capabilities and abilities within
their firms.
The research of Rice, (2013) evaluated that the production losses faced by the
organisations of New Zealand in 2013 determines the inefficiencies of their labour and
workforces in providing the stated ratio of productivity. Eventually, it leads to a decrease in the
wage rate for labour of New Zealand which simultaneously invaded their income level also. This
decrement impacts the economy of New Zealand in maintaining better position as compare to
other countries and nearby continents like Australia. This becomes as a challenge for the
companies and authorities of the cited country to allocate the best ways through which the
situations can be handled and effectively overcome by the aspects of the organisation. In that
context, to start the process of addressing solutions and action plans for the challenges, it is
essential to determine the list of risks and factors that forms impact for the organisation.
Moreover, the study made by Freeman, (2010) assisted in identifying the factors that becomes
challenges for the industrial sectors of New Zealand. For this, the have divided the entire
industry in three sectors i.e. private, public and non-for-profit. As the impacts of the challenges
and risks from them were different at all levels and sectors, thus, evaluation for every part has to
be specific, clear and accurate.
In the investigation of Kerzner, (2013) all the challenges were listed which were faced by
the private sector. The major risks for the private sector organisations of New Zealand are access
to finance, shareholders connectivity, economic climate, cultural barriers and retention rate
among workforces. All the specified risks were impacting the business operations and functions
of the organisation. Their chief-executives and higher authorities individual were confirming
about the same and finding it difficult for them to work accordingly. Although, the study made
by the author has witnessed many other issues also, but they were recorded as the most striking
risks which enables the organisation in maintaining their working abilities. Moreover, according
to the survey of Tang and Musa, (2011) which elaborated that rapidly changing environment was
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one among the major challenge for the organisation of New Zealand. As the current era of
globalisation where the market is facing a rise in the innovation and advancement in the working
environment of the business. This risk related to the marketplace includes emerging technology,
changing consumer values and reducing power of buying among the customers. By this set of
risks, the factors of organisation as well as marketplace forces them to think very carefully about
their approaches used to overcome the business activities and related functions.
As per the perspective of Armitage, Berkes and Doubleday, (2010) which evidenced that
clients of private sector are their major source of risk generation, because, the present market is
customer oriented rather than product oriented. Thus, they are the main link to their effectiveness
in gaining appropriate forms of benefits and results from the business operations performed by
the private firms. In that relation, the customers impacts to the private business a greater
awareness of environmental issues, a move to other alternatives and most consumers consider an
option of low cost and high value. For this, it is crucial for the organisation and their marketing
team for building up an effective, productive and profitable strategy for placing better action plan
by overcoming the challenges. Moreover, the business has to attain sustainability during crisis in
order to gain higher level of profits during peek season.
According to the research of O'riordan, (2014) which contributed knowledge about the
risk and challenges faced by the businesses engaged in public as well as non-for-profit sector.
The set of major risk for the cited sectors include escalating costs, raising funds, compliance to
government regulations, managing alliances with the joint ventures, retaining existing customers
and maintaining corporate social responsibility. These all were the risks that evaded their market
approaches in gaining desired results and outcomes. It was evaluated that the process of raising
the funds and capital for the firm were one of the most impacting issue for both the sectors. This
becomes a challenge for the chief-executives and higher authorities of the organisations which
they are accountable to defeat and gain proper form of results. The industries involved in the
private and public sector of New Zealand has limited sources and areas for acquiring working
capital and funds for executing their business purposes and activities.
As explained in the investigation of Clark, Kelliher and Pinares-Patino, (2011) which
highlighted the information about the areas that are to be effectively assessed by the chief-
executives, managers and superiors in order to avoid the negative situations occurred in the
business. This is evaluated that the nationalities of New Zealand are highly attracted towards
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brand value and name of the industries which encourages them to live a standard lifestyle.
Hence, with an aim to defeat the issue of market attention and retention, it is necessary that they
should ascertain the values and requirements of the market aspects. This would help them in
developing better cognition and strategic action plan for identifying the way of getting desired
success and overall achievements. Although, they have limited resources and market areas over
which the business has to function and operate their organisational activities. In that case, they
are suppose to utilise the available sources in optimum manner and gain appropriate form of
results. However, the exploration made in the present investigation of Kelsey, (2015) stated that
New Zealand is the country which has immense form of resources for every sector. As per my
view the cited country is becoming an emerging place for education, tourism, transportation,
manufacturing, etc. which facilitate small and medium organisation in establishing strong
presence in the sector. Moreover, I have found that New Zealand has immense form of resources
that supports many sector in building up ways to accomplish higher attainment. New Zealand is
most preferred destination for the manufacturing units like auto mobiles, aerospace and
semiconductors industries.
However, it is recommended that the chief-executives, managers and superiors of the
organisation needs to be strategical and futuristic while implementing a professional working
environment Bullock, (2012). They should assess in-depth information about the aspects and
areas in order to determine the most productive and profitable action plan that are to be assigned
to the staff members and employees. By this, the team of top level management would be able to
lead the business to greater heights. I strongly agree with this statement that the challenges being
faced by New Zealand’s Chef are real and it has direct impact for management skills. The issues
being faced have to be tackled through effective strategies. Apart from this, the sort of resources
present such as financial, physical etc are effective and through management of all these
resources it is possible for businesses to operate efficiently.
Strength of the article
 The entire article strongly focused on the key challenges being faced by New Zealand
chief executive and overall implications for management skills.
 The most effective ways to deal with the challenges were identified
 The article is based on the organisation of New Zealand where the corporate world and
related aspects has an immense source of opportunities
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 It has highlighted the key resources being present in New Zealand
Weakness of the article
 Only new Zealand as a country has been taken into account
 It focuses only on small and medium sized firms
CONCLUSION
The report is articulating about the challenges that are generally faced by the chief-
executives officers and managers of organisations engaged in private, public and not-for-profit
sector in New Zealand. The entire report is critical analysing the factors responsible for the same.
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REFERENCES
Books and Journals
Armitage, D., Berkes, F. and Doubleday, N. eds., 2010. Adaptive co-management: collaboration,
learning, and multi-level governance. UBC Press.
Boxall, P. and Purcell, J., 2011. Strategy and human resource management. Palgrave Macmillan.
Bullock, D., 2012. Emissions trading in New Zealand: development, challenges and
design. Environmental Politics. 21(4). pp.657-675.
Clark, H., Kelliher, F. and Pinares-Patino, C., 2011. Reducing CH 4 emissions from grazing
ruminants in New Zealand: challenges and opportunities. Asian-Australasian Journal of
Animal Sciences.24(2). pp.295-302.
Freeman, R. E., 2010. Strategic management: A stakeholder approach. Cambridge University
Press.
Hutchinson, A. and Boxall, P., 2014. ‘The critical challenges facing New Zealand’s chief
executives: implications for management skills’, Asia Pacific Journal of Human
Resources. 52(1). pp.23-41.
Kelsey, J., 2015. Reclaiming the future: New Zealand and the global economy. Bridget Williams
Books.
Kerzner, H. R., 2013. Project management: a systems approach to planning, scheduling, and
controlling. John Wiley & Sons.
McGuire, D., 2014. Human Resource Development. SAGE.
O'riordan, T., 2014. Environmental science for environmental management. Routledge.
Rice, A. L., 2013. The enterprise and its environment: A system theory of management
organization. Routledge.
Tang, O. and Musa, S. N., 2011. Identifying risk issues and research advancements in supply
chain risk management. International journal of production economics. 133(1). pp.25-34.
Online
Green, R. and et.al., 2011. Management matters in New Zealand: How does manufacturing
measure up? Ministry of Economic Development, Wellington. [PDF]. Available
through:<www.med.govt.nz/about-us/publications/publications-by-topic/occasional-
papers/2011-occasional-papers/11-03-pdf>. [Accessed on 4th October 2016].
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