SME Leadership and Change Management
Added on 2020-12-26
16 Pages2844 Words359 Views
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SME
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY ..................................................................................................................................3Compare the key challenges facing the manager in different range of business from small andmedium enterprises to the global organization............................................................................3Examine and discuss about the different leadership styles within the range of organizationalcontext from small business to the global organization. .............................................................4Examining the skills and knowledge used in the organization in order to manage the changeprogrammes..................................................................................................................................5Accessing the impact of the resistance to change which may convert the leading and managingstyle within the company.............................................................................................................6CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................9
INTRODUCTIONSmall medium business are basically operates the small type of enterprises and they alsoperformed the task through manager or leaders. This assignment will discuss about the “Techwill Save us” Firm which based on technology that starts their business to make DIY gadget kits.It was found in 2012 London, by Bethany koby and Daniel. This organization is alsocollaborated with the BBC on micro Bit. This assignment will discuss about the challenges thatfaced by manager in the small or medium business. Furthermore, it will examine the differenttype of leadership style in the organization and also performing an effective role in the smallbusiness development. It will analyse the skill and knowledge that help for organization tomanage their change programmer in effectively. It will create a large size on the basis ofdevelopment and growth. This documentation will describe that why the changes occurs in theteams and organization whether the manager or leaders are effectively overcome the resistance toachieve the business goals and objectives. MAIN BODY Compare the key challenges facing the manager in different range of business from small andmedium enterprises to the global organizationThe “Tech will save us” business has the biggest achievement for the owner, butmaintaining is one of larger challenge for the manager in the organization. Manager isresponsible person in the “Tech will save us” that help to manage the business operations andfunctions. It is no surprise that enterprises of different size will face challenges where employeeor manager will face different problem and obstacles in Business activities (Al-Marri and Al-Hasan, 2019). There are several type of challenges faced by the manager in the tech will save usbusiness.
Balancing quality and growth-In case, the business is not founder dependent, there comes a time when manager facedmany issues and problem regarding the growth which seems to match or outweigh the benefits.At that point, manager has scarifies the product in order to scale (Marković and Tomaš, 2018).The manager of “tech will save us” often find themselves ties to the habit of detriment in termsof business growth and development but the unhealthy obsession affect the brand image in globalmarketplace. On the other hand, TESCO which is a global business have faced the challengesregarding the balancing quality where the employee cannot maintain the product quality andnever check test the product on time (Nyoni and Bonga, 2018). In this ways, manager face manyproblem regarding the quality and growth. It is directly impact on the business growth ordevelopment. Money Management-In “Tech will save us”, Having the enough cash flows to cover all the bills which mustpart of business. This organization will emerge as a capital drain that puts so much pressure onmanager. Money management is the most important part of business which required for managerto handle the enterprises accounting and other taxes in proper manner (Jameel and Ahmad,2018). Manager has faced difficulty to regarding the cash flow system due to less security andprivacy. In this way, manager will not handle track and update all information of overall budget.This problem is generally arise in small medium business like TWSU (Tech will save us). On the other hand, TESCO which is a Global organization has faced the issues regardingthe money management due to lack of financial control and single source of truth etc. This willdirectly impact on the cash flow management system of TESCO.Comparison between the SME and Global company SME Global companyMoney managementIn small enterprise, Managingthe money means monitoringthe company financialstatement. The owner ormanager keep up with thesales, operating expenses andIn tesco, the finance ofcorporation takes themanagement task which makethem more complex. Themanager has considered theother issues such as currency
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