Analysis of Management Practices and Future Changes in Business

This report provides an overview of management practices, focusing on their effectiveness and potential changes in the future. It examines current practices such as training and development, feedback mechanisms, and employee support, as implemented at Rowlinson Knitwear. The report also explores future management practices including digital workplaces, technological advances, and investment in employee development. The analysis extends to the benefits of effective management practices in business operations, such as employee valuation, increased productivity, and achievement of business goals. The conclusion emphasizes the importance of adapting management strategies to enhance employee performance and drive business growth, highlighting the need for continuous learning and innovative ideas. The report uses references to support its findings, and includes an introduction, management practices section, analysis of current and future practices, effectiveness in business operations, and a conclusion.

DEVELOPMENTS IN THE
PRACTICE OF
MANAGEMENT

CONTENT
Introduction
Management Practices
Management practices in current and future potential changes
Effectiveness of management practices in business operation
Conclusion
References

INTRODUCTION
Management is an activity developing strategy and coordinating the efficiency and efforts of
employees so that they can contribute their best in making business successful. It is a way of
carrying business activities and supervising the skills of employees. There are five principles and
functions of management they are planning, organising, staffing, controlling and leading. Through
effective management, organisation can direct and control the group of people so that they can
reach the goals and achieve the objectives of Company. The presentation is based on developments
in the practices of management in which the analysis of management practices in view of current
and potential changes in future in the operating environment of Organisation is discussed.

MANAGEMENT PRACTICES
Management practices are the method that is used by managers in order to increase the efficiency level of
business and its employees in respect of making more contribution on the success of business.
Engage Workers:
It is important for the manager to engage their employees in order to increase their performance and
efficiency.
Reward Efforts:
Reward efforts is another management practices which is assessed by manager.
Develop Culture Cohesiveness:
It is also a management practices which must be followed by Manager of Rowlinson Knitwear.

MANAGEMENT PRACTICES IN CURRENT AND FUTURE POTENTIAL CHANGES
Current management practices in Rowlinson Knitwear
• Providing Training and development:
• Give Meaningful and regular feedback:
• Support Employees
• New Technologies:
Future Management Practices
• Digital Workplace and cultures:
• Technological advances:
• Invest in People Power, learning and flexibility:

CURRENT MANAGEMENT PRACTICES IN
ROWLINSON KNITWEAR
Providing Training and development: It is one of the current management practices which are provided
by the manager of Rowlinson Knitwear to their employees. The Manager trained their workers and
focus on improving efficiency by increasing their knowledge and skills due to which they can easily
accomplish their work on adequate time.
Give Meaningful and regular feedback: It is important for manager to give meaningful feedbacks to
their employees without reducing respect and making feel guilty. The Manager of Rowlinson Knitwear
gives feedback of the performance of employees so that they can improve and make changes in their
working styles in order to give better results to Organisation.

CONTINUE..
Support Employees: The Manager of Rowlinson Knitwear support their employees and
encourage them so that they can learn something new while manufacturing and selling the
school uniforms to customers. Each client helps in making learn something new and
different from which employees can avail the new information and market knowledge.
New Technologies: New Technologies is also a management practices which is adopted by
Rowlinson Knitwear. The Manager of company looks out the latest technologies which can
helps in increasing the profitability and growth of business.

FUTURE MANAGEMENT PRACTICES
Digital Workplace and cultures: It is one of the future management practices which must
be adopted by Rowlinson Knitwear in its manufacturing and business unit in order to
improve the performance and sustain in Market for long run.
Technological advances: Technological advances are also a future management practices
which must be focused by Organisation in order to make business successful.
Invest in People Power, learning and flexibility: It is also a future management practices
that must be adopted by Rowlinson Knitwear in its business activities.

EFFECTIVENESS OF MANAGEMENT
PRACTICES IN BUSINESS OPERATION
There are various benefits of management practices in business operation that helps in helps in building
team of producing employees that helps in achieving the goals and objectives of business. The
Effectiveness of management practices in business management are as follows:
Make Employee feel Valued: It is one of the effectiveness of management practices in business operation
which helps in making employees feel valued. Through implementing the effective management
practices in Company it helps in making workers feel valued due to which they can give positive
output.

CONTINUE..
Increase the productivity of business: It is also an effectiveness of management practices in business
operation; if the management practices are implemented successfully it leads to increase in
productivity. The right management practices helps in improving the productivity of business
through which company can gain success in Market.
Achieve business goals: Achieve business goals is also an effectiveness of management practices as if
the practices of management is effective it helps in achieving the company’s goals and objectives.
So, the management practices helps in making business successful and accomplishing the goals of
Organisation.

CONCLUSION
From the above information it is being concluded that the manager must k now the ways through
which they can improve the performance of employees so that they can helps in increasing the
growth of business. It is important for the manager to hire the top talent in order to gain
creative and innovative ideas for running the business activities. There are various
management practices from which company can improve the performance of business that
helps in getting succeed in Market. But the manager must ensure the management practices
must be effective that helps in improving the way of conducting work and also enhance the
growth of employees. The Staff also seeks for learning new things while working in Company
so that they can improve their professional growth.

REFERENCES
• Thompson, N. A. and Byrne, O., 2020. Advancing entrepreneurship as practice:
Previous developments and future possibilities. In Research Handbook on
Entrepreneurial Behavior, Practice and Process. Edward Elgar Publishing.
• Pylypenko, D., 2020. Foreword: Theory and Practice in Waste Management Processes
and Alternative Energy Developments in Connection with Agribusiness Growth and
Prospects. Industrial Engineering and Management Systems. 19(1). pp.1-2.
• Mangala, D. and Dhanda, M., 2018. Earnings Management: Conceptual Framework and
Research Developments. IUP Journal of Accounting Research & Audit Practices, 17(4).