Study on Management Practices and Procedures

Added on - 21 Apr 2020

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Managerial Skill Course
ContentsIntroduction......................................................................................................................................3Research Methods............................................................................................................................3Background Information of the Company and its Management.....................................................3Description of the Management practices and attributes that makes the Company Unique...........4Summary of Findings......................................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
IntroductionThe growth and success of an organization depends largely on its effective managementpractices and procedures. The management practices are referred to as approaches andtechniques that are used for improving the performance of a company such as manufacturing,marketing, planning, leadership style, quality and technology. The management practices of anorganization play a significant role in its distinctive brand image in the marketplace andproviding it a competitive advantage (Shermon and Shermon, 2016). In this context, this reporthas aimed in discussing the key aspects of the management practices and outcomes of a selectedcompany, that is, ABB Group. The report has discussed the company background, description ofits key management practices that is responsible for its distinctive image and brief summary ofall the findings gathered from the overall research. The report has specifically focused on theindustrial robots manufacturing practices of the company.Research MethodsThe present research has incorporated the use of qualitative research methodology. Thereare varied qualitative sources used for gathering information about the management practices ofthe selected company. The qualitative resources include annual reports of the company, onlinewebsites and interviews from the management personnel and other academic sources such asbooks and journals. The research has evaluated and analyzed the secondary resources mainly foranalyzing the research topic in detail. The secondary resources include the sources that alreadycontain the information about the research topic.Background Information of the Company and its ManagementThe ABB Group is recognised as a Swiss multinational company that is headquartered inthe Switzerland and is mainly involved in development of high-technology products such asrobotics, power and electrical equipments. The company is recognised as a leader in thetechnology and digital field that is providing innovative products across the segments of utilities,industry, transportation and infrastructure. The company operates in about 100 countries andprovides employment to about 136,000 people. It is recognised as one of the largest engineeringcompanies across the world and is traded on the Swiss Exchange and New York Stock Exchange
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