This report discusses the principles of management in the context of Singtel, a Singaporean multinational telecommunication conglomerate. It covers topics such as management philosophies, organization and its employees, and the company's management systems and organizational culture.
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Principles of Management
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Table of Contents 1. INTRODUCTION.......................................................................................................................3 2. Management philosophies...........................................................................................................4 3. Organization and its employees...................................................................................................7 4. CONCLUSION............................................................................................................................9 REFERENCES..............................................................................................................................10
1.INTRODUCTION Principles of Management refer to those values which are basis for management of the organisation. principles of management are guidelines regarding how organization can carry out their activities concerned with management. This report will discuss about several elements of principlesofmanagementincontextofSingtel.SingtelisaSingaporeanmultinational telecommunication conglomerate was founded in 1879 as private telephone exchange and in 1992 became Singapore telecom. Company is headquartered at Singapore and area served by the company is Asia, Australia and Africa. Products of the company are fixed line, mobile telephony, and broadband and fixed line internal service, digital television, IT and network services and to provide these services and manage all the operations of the company, Singtel employs around 25000 employees. Organisation chart which suggest what are the managerial and organisation position are there in organisation and in what manner they are organised in the hierarchy. Figure11Organisational Chart of Singtel
2. Management philosophies Singtel as a company involved in technological services presently management of the company focuses in digital marketing and data analytics. Singtel focuses and keeps digital experience at the forefront in its business activities and through this focuses on giving best experience to customers. This is also aimed at keeping the position of the company at top in telecommunication industry (Dahlgaard-Park, Reyes and Chen, 2018). Concerned with its management it is managed by a management committee which includes top management positions of the company namely CEO, CEO, International, CTO, CFO, CCO (Chief corporate officer), CHRO, CDO (Chief Digital Officer) etc. Management at top level of the company is carriedoutofbythiscommitteeofmanagement.ThiscommitteeatSingtelinvolves management for all major operations of the company. For its operations Singtel focuses on leadership and performance excellence are important for achieving objectives and goals of the organisation. Singtel focuses on personal excellence and they consider to be committed to doing and being best. One of the managerial philosophy of the company is to seek continuous improvement. Vision Mision, Goals, Policies and Structure Vision This means something that organisation and its people are willing to achieve. ‘Vision of the company is to be Asia Pacific’s best communication technology company’. This vision statement of the company reflect that they are presently focusing on the areas where they are serving and aspire to be best at what they are doing. Mission
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Mission statement of the company refers to way through which company go ahead in achieving its vision. This shows that way and what path company will select in order to achieve its vision. ‘Mission of Singtel is Breaking Barriers, Building Bonds’. Singtel believes that world is a better place when technology is used to help people and businesses communicate effortlessly. This reflect that mission statement of company suggest what is the way they are using to meet their vision and also focuses on their business activities (Wolf, 2017). continuing the mission statement Singtel states that We make communication easier, faster and more reliable for customers while delivering value to our stakeholders. This statement suggests that Singtel believes and focuses on its customers and its stakeholders considering importance of both. Goal Goals refer to something that company is willing to achieve in a fixed time span. Every organisation has their goals along with vision and mission. Goals statementofSingtel is ‘To create sustainable long-term growth, to deliver superior returns to shareholders and positive impact to stakeholders ’ Policies Code of conduct at theSingtel includes all the policies that employees and organisation is required to adhere to (Kim, Arcodia and Whitford, 2018). Policies and areas covered in code of consuct expand to several areas of organisational operations, these are compliance with laws, workplace health and safety, compay property and assets, computers use and use of IT system, work performance (this means that every employee is required to perform task in reliable and responsible manner) and several areas are covered in this.
Structure Structure ofSingtel is as follows Singtel is headed and leaded by group chief executive officer. This structure of Singtel is divided in two parts which is Group Business and corporate function. Group business involves Chief executive officer consumer, Australia/ Chief executive officer Optus. Chief executive officer consumer Singapore/ Group chief digital officer, chief executive officer group enterprise/ country chief officer Singapore, group chief officer Group Digital life and group executive officer international. These are all positions in group business of Singtel. Other than this corporate functions of the company involves Audit committee, this audit committee at Singtel includes group chief internal auditor other than this corporate functions involve group chief corporate officer, chief executive officer group strategy and business development/ country chief officer Thailand, Group chief financial officer, group chief human resource officer, group chief information officer and group chief technology officer (Cheek and et.al., 2019). This all positions are there in corporate functions of Singtel. Management systems Management system can be defined as manner and system through which organisation is managed and operations of the organisation are carried out and this also includes level of authority and participation in the organisation. There are several types of management system and in context ofSingtel its management system is Participative management system. This means that decision making involves participation of the employees of the Singtel and ideas and opinions are invited and considered (FitzPatrick, 2018). Concerned with decision making everyone can contribute in that and all are encouraged and motivated to communicate and share knowledge they believe is important and valuable. This valued by decision making authority and open discussion is encouraged at Singtel along with commitment to agreed decision. This ensures that everyone has a part to play in the organisational decision making. Organisational Culture Organisational culture refers to system of shared assumptions, values, beliefs which govern behaviour of people in organisation. Singtel employs and have a very effective culture of organisation because every part and element of the organisation is valued in this culture.
Culture of Singtel involves that they put major focus on team working and they commit to get result from integrated efforts(Kulapov and et.al., 2019). Along with this it has been stated by the company that they also value individual potential and personal excellence. This means that Singtel has significant focus on performance excellence of the people working for the company. along with this people are recognised and awarded for their contribution to the organisation. This is because this is performance based culture of organisation and performance is important. Customer focus is another aspect of the culture of company because customers are treated with respect and dignity and customers focus is basis of success of the organisation. This leads company to anticipate needs of the company and facilitating them to business with company. In order to ensure success of the company it focuses on giving value and quality services to the company. IncultureofSingtelalongwithsatisfactionofcustomersequalimportanceisgivento satisfaction of staff as they are important and integral to carry out operations of the company. they are also important as their excellence and performance directly affect performance of the company and satisfaction of the employee. This is one of the reason that company employs participative style of management so that staff remains satisfied with the practices of the company that staff is given opportunity to participate in organisational decision making. When staff gets opportunity to share their ideas and express their opinions and they became basis for agreed decision making this plays important role in staff satisfaction at Singtel. In relation with involvement company promotes and employs participative culture that everyone in the company can express their ideas and believes. These are also given importance and placed while making decisions (Sari, 2017). Open discussion are also promoted and encouraged and individual potential is equally valued in a team working culture of the organisation. open communication and participations also involves feedback from the employees and people involved in organisational operations. 3. Organization and its employees The SingTel group have been the Asia leading communications group with the range of providing the diverse level of services which have the infolding the info comms technology and
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more level of developing the distal solution in the perfect manner. The firm has been recognized as the company which is working closely with the respective associates, leveraging the network clues, reach of customer with extensive operational services. On the other hand, the firm is more level of operating there to have the major level of focus of the customer expectations by setting up the new level of bench marks by grouping the effective business position(Baillie and et.al., 2020). The firm have aimed its herself as the leading the next generation communication, infotainment and technology services along with developing the small business. The firm have the established brand with respective market by sharing the level of commitment by continuous investment in the terms of brand awareness, networks along with the processing to the deliver their superior level of customer experience. On their other hand the employee of the company help in providing there comprehensive, the integrated level of ICT solution that have the covering the mobile, voice and the respective data structure, managing level of services, development of cloud computing’s and professional consultancy. As being the market leader, the firm have been backed up with the extensive data network along with infrastructure as the span tends to across key the business cities along long the market in region. The leadership of the company have been the situation one which make the clear level of dependency on the defend situation. as to achieve the respective a level of mission and vision of company make the proper level of focus on their developing the digital technology and marketing which tends to have proper level of data analysts among the areas.There is the usage of unique assets s which are considered or their regional customer base, payments mechanism along with data analytics engine and extensive customer touch points (Sadiq, 2018). As this have the clear level of aim in there creating and seizing the business opportunity by adding the value of offering with core business which will help the customer in order to discover there new and amazing experiences through the digital services. On the other hand, there firm have the inspiring the high level of standards in terms of the managing the corporate governances by creating the ling tern value creations. There have been there se level of well-defined policies along with procedure in order to make proper enhancing respective corporate services, performance and accountability (Razani, 2018). There is the part to make the proper level of corporate standards with respective market by sharing the level of commitment by continuous investment in the terms of brand awareness, networks along with the
processing to the deliver their superior level of customer experience. Hence, with effective communication strategies to be suit the managed infrastructure, services, cloud along with mobility solutions. This will be added to IT consulting and business applications provide businesses, industries and governments. To motivate its employees along with positive and integrative work culture company uses and effective force of motivation which is known as Challenge and challenging work. This is an importantmotivationforceandasSingtelemployseffectiveandefficientpeoplein the organisation challenge is most effective force for them (Akhmetshin and et.al., 2018). This also creates conditions for healthy competition in organisational culture and Singtel becomes direct beneficiary of this healthy competitive culture of the organisation. 4. CONCLUSION On the basis of above discussion it can be concluded that principles of management are rules that are required to be followed by company. Company discussed for the purpose of this report Singtel follows principles based on suitability of their operations. company has mission to be best and mission has been developed considering aspects which can contribute in achievement of its vision. Later management system and organisational culture of company were discussed and they are all suitable according to current business environment and are also able to adequately contribute in attainment of organisational vision and objectives.
REFERENCES Books and Journals Akhmetshin and et.al., 2018. Internal control system in enterprise management:Analysis and interaction matrices. Baillie, Z and et.al., 2020. Sustainability for Organisational Success: How Is Optus Joining the Dots?. In Industry and Higher Education (pp. 73-100). Springer, Singapore. Cheek, C and et.al., 2019. Organisational structure. Dahlgaard-Park, S.M., Reyes, L. and Chen, C.K., 2018. The evolution and convergence of total quality management and management theories.Total Quality Management & Business Excellence,29(9-10), pp.1108-1128. FitzPatrick, D.J., 2018.The collective experiences of middle management when implementing a businesscontinuitymanagementsystemwithintheirpublicsectororganisation teams(Doctoral dissertation, Auckland University of Technology). Kim, S., Arcodia, C. and Whitford, M., 2018. Public organisation policies supporting the sustainability of intangible cultural heritage as a tourism resource.CAUTHE 2018: Get Smart: Paradoxes and Possibilities in Tourism, Hospitality and Events Education and Research. p.428. Kulapov,Mandet.al.,2019.CorporateCultureofOrganization:TypicalandRussian model.Montenegrin Journal of Economics.15(1). pp.215-226. Razani, M., 2018. Commercial Space Technologies and Applications: Communication, Remote Sensing, GPS, and Meteorological Satellites. CRC Press. Sari, M., 2017. The effect of organization culture and internal control on corporate governance and its impact on state owned enterprises performance in Indonesia.Proceedings of AICS-Social Sciences.7. pp.244-251. Wolf, G., 2017. New Challenges of the Digital Transformation: The Comeback of the Vision- MissionSystem.InOut-thinkingOrganizationalCommunications(pp.113-128). Springer, Cham.