Strategic Management: Objectives, Priorities, and Flexible Workplaces

This report delves into the managerial process, focusing on management objectives and priorities within ABC Ltd. It examines the company's management philosophy, emphasizing the creation of a flexible working environment through the application of Elton Mayo's Human Relations Theory. The report discusses conflict management strategies to foster open communication and increase productivity. It also outlines key assumptions, dependencies, and constraints for a new product development project, highlighting the importance of technology, external labor, funding, and event promotion. Critical constraints such as budgetary considerations, staffing, and availability are addressed to ensure successful project operation. Desklib provides access to similar solved assignments and study resources for students.

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Table of Contents
3 Managerial Process.......................................................................................................................1
3.1 Management objectives and priorities..................................................................................1
3.2 Assumptions, Dependencies and Constraints.......................................................................2
References:.......................................................................................................................................4

3 Managerial Process
3.1 Management objectives and priorities
Management Philosophy is the term that delivers an environment with productive
employees. The management philosophy in ABC Ltd. Company is useful to achieve the goals
and objectives of the company and also to gain the productivity in the employees by managing
the conflicts, keeping the morale of their employees high, by enhancing the motivation and
encouragement in low performance profiles and also by rewarding the best performers of the
organisation. The management philosophy is systematic format of rules and beliefs used by the
manager of the ABC Ltd. To assist them in decisions related to the effective management of the
employees, and company's resources to gain high productivity and profitability. The
management philosophy is useful to company as it provides the employees with sense of
motivation and gives a cohesive direction to the company.
Using the different sets of management philosophy the aim of the ABC Ltd. Is to gain the
high flexible working environment. The high flexible working environment for the employee's is
the strategic objective of the company as through this company can increase performance the
employees, the company can easily achieve their organisational goals and objectives. This will
also improve the company's quality and quantity of work thereby providing the company with
productivity and profitability. In order to gain high flexible working environment in the ABC
Ltd. The manager of the company uses “The Human Relations Theory by Elton Mayo”. This
management philosophy in organisation is made for the people to increase collaboration between
each other and also to create positive employee relation between them. This philosophy is
beneficial for the whole company and also through this employees are retained. As in an
organisation everyone has there own expectation, behaviours and needs therefore, having a
flexible organisation is necessary to order to facilitate the communication between high authority
and employees. This the clinical approach of the management philosophy in order to understand
the concept of human relations in the ABC Ltd. The theory addressed that for the better
performance of the employees at workplace it is important to acknowledge the people's
preferences, expectations, and attitude. This theory helps the ABC Ltd. To implement effective
and positive human relations in employees through coordinating process, job satisfaction,
communication, collecting feedbacks, identification of unique needs etc.
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The theory is also effective in resolving the conflicts as resolution of conflicts is
important part of the flexible working in ABC Ltd. Conflict management is an effective
management philosophy that helps an organisation to mitigate and avoid the conflicts or clashes
between the management and employees. Organisational conflicts is basically a clash or
misunderstanding between the human interaction which is later perceived as a conflict. Using the
different methods and management theory the organisational conflict arise in the ABC Ltd. are
resolved to foster the open communication and also to increase the productivity.
Using the conflict management theory conflicts can be identified and can also be fairly and
sensibly handled in order to transform them into productive conflicts. This practice provides
ABC Ltd. An approach which is the opportunity to build effective relation between employees
an also to improve current immersed situation. There are different ways to resolve the conflicts
between the employees and also the interpersonal problems but the best way to handle them are
to set a platform for the collaborative discussion where both the parties should communicate and
collaborate in polite manner. After this the clarification of the situation is important tin order to
encourage positive communication between the two parties. Then solution of the problem and
conflict should be discussed using mediator in order negotiate or compromise for the healthy
relations.
3.2 Assumptions, Dependencies and Constraints
Assumptions
It is assumed that the project of developing new product in ABC Ltd. is to gain
sustainability and also to gain competitive advantage. There is another assumption that project is
suitable to increase the brand recognition and also this has capability to meet the customer's
expectation. The project is assumed to be development project of the ABC Ltd. As the company
is planning for development and growth. It is assumed that project is helpful to bring innovation
and also there is full compliance of latest technology in order to complete the project. Also the
project is assumed to provide the high revenue and profitability to ABC Ltd.
Dependencies
The project highly depends on the external inputs in order to accomplish it successfully.
The project will require the following external factors:
Technology is the most important external input for the project of the AMC Ltd. As the with the
advancement of the technology it very important for organisations to meet technology demands.
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The project also requires the recruitment of external labours as the project is huge and required
new workers with new technical skills. For the project external funding source is also essential as
this will help in proper flow of resources without any financial barrier. For the launching and
implementation of new project the ABC Ltd. Also requires an event where the investors, top
owners of companies and other reputed personality will participate in order to increase the
awareness of the project and to gain investors and stakeholders for the project.
Constraints
For the successful operation of the project some constraints are critical and vital for the
project that are discussed below:
Budgetary: the budget is the first and most important constraint as for the flow the resources
required for the project, and to buy some essential items creating budget will help to maintain the
cost and price of the project and also the through this company can save financial crisis.
Staffing: the staffing refers to the allocation of man power which is essential for the project top
be completed under the high performance workers. Therefore, the hiring of eligible candidates
for the project completion is vital for the effective operation of the project.
Availability: this refers to the time as time restrictions are highly essential to save cost,
manpower efforts and also to meet the project at time will help in gaining timely advantages
associated with the project completion.
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References:
Books and Journals
Aityassine, F. L. Y. (2017). The Role of Management Information Systems in the Effectiveness
of Managerial Decision Making in Greater Irbid Municipality. International Journal of
Business and Social Science, 8(5).
Brookfield, D. (2018). Risk and organizational effectiveness: The role of accounting systems as a
managerial process. Journal of Organizational Effectiveness: People and Performance.
He, Z. & Fan, B. (2018). Simulating an agent’s decision-making process in black-box managerial
environment: An estimation-and-optimisation approach. Journal of Simulation.
Olteanu, C., & Munteanu, A. (2017). Legal labour relations–employers and employees–
guarantees of efficiency and effectiveness of the managerial process. Review of General
Management, 25(1), 89-98.
Vultur, P. (2018). Study Based on the Importance of the Information Provided by Management
Accounting on the Managerial Process in the Joint Stock Companies in the North-East
Area of Moldova. The USV annals of economics and public administration, 18(1 (27)),
134-142.
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