Strategic Management Assignment: Performance and Governance

This assignment solution for strategic management addresses key aspects of modern organizational control and governance. It begins by exploring the advantages of contemporary control systems, emphasizing employee autonomy and creativity, and contrasts them with traditional management approaches. The solution then delves into the balance between culture, rewards, and boundaries in motivating employees within evolving organizational structures. It differentiates between public, private, and non-profit organizations, highlighting how behavioral control strategies vary. Furthermore, the assignment examines the shift from boundary-based management to a focus on work culture and reward systems, and critiques the 'one best way' approach to organizational strategies, advocating for adaptable control systems. Finally, it discusses corporate governance, emphasizing stakeholder satisfaction and the role of internal and external mechanisms in improving organizational performance.

STRATEGIC MANAGEMENT

Table of Contents
Question 1: ..................................................................................................................................1
Question 2: ..................................................................................................................................1
Question 3....................................................................................................................................1
Question 4....................................................................................................................................2
Question 5....................................................................................................................................2
Question 6....................................................................................................................................2
REFERENCES................................................................................................................................4

Question 1:
Answer-
(a) The main advantage of contemporary control system is- employees with in the organization
are free to work on their own. This will help the employees to use their creativity and free
thinking to perform various tasks without interruption of senior or supervisor level management.
This approach can also make employees to implement changes in organization on their own
responsibility and this is not possible with traditional approach..
(b) The traditional approach of management is based on old and custom techniques and
contemporary management technique is based on new technological and advances
methods(Naranjo-Gil, Sánchez-Expósito and Gómez-Ruiz, 2016). The main difference between
traditional and Contemporary management approach is the use of technology in management
approach. Modern technology is far more advanced then traditional approach.
Question 2:
Answer- The main purpose of to keep balance between three element of behaviour management
is to stay competitive in the continuously changing, complex and unpredictable surrounding
environment inside the organization. This provide advantage to organization to manage the
performance in different difficult situations. In modern organization employees on managerial
post are very young and they do not believe in traditional rules of management (Andrews and
Johnson, 2016). To motivate and encourage them it is important to keep balance between culture,
reward & incentive and various boundaries. This is how well balance in this three aspects can
help organization to motivate employees and get high efficient output from them.
Question 3
Answer- There are three types of organization that are known as public, private, and non-
profitable organization. The main relation between all these Organizations is their work approach
and their strategy that is used by them to full fill goals and targets. These organizations use
various methods to control peop0le with in organization (Bammens, Huenermund and Andries,
2017). For private organization meaning of behaviour control is to manage people in
organization to ensure good work place environment. In public organization meaning of
behaviour control is in terms of providing better services to user or customer with higher
efficiency and in voluntary organization meaning of behavioural control is to keep the actions of
company under law and for benefits of people who need help.
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Question 4
Answer-
In the traditional system organization use different boundaries to manage the actions of
employees with in the organization. But in modern approach of management organizations are
more focused on behaviour of employee in company. Management of organization uses various
approaches to motivate and encourage employee. In current approach employees are rewarded
with incentives and benefits as per their performance in organization. It is important for company
to create positive work culture in firm to complete their actions with higher efficiency (Hickman
and Silva, 2018). And reward system used by company encourage the employees to give their
maximum effort in growth of company. This is how the business organizations came out of
boundaries and now focused on work culture and reward system for efficient control over
employees.
Question 5
Answer:-
a) For the organization there are different approaches used by organization. The one best way
approach is not good for any organization cause to complete goals company can not rely on one
single way. This will be very risky for company to get success with one single process. This
mentality can reduce the efficiency of company in target market. That's why one best way
approach is not suitable for any organization.
b) An organization faces different kind of situation during conducting business and to face this
situation they use various approaches, strategies and control systems. This control systems are
designed as per the particular conditions and environments. If organization is using same system
for all situation it can cause different problem to company (Seddon, 2019). This problems are
reduced efficiency, less effectiveness in problem solving, high level conflicts and operational
issues.
Question 6
Answer:
a) The main purpose of good governance system to keep satisfy the stake holders of organization
for long time. This is very important for company to make stakeholders happy with
organizational actions. Corporate governance improves the performance of organization by keep
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the operation and management up to date in company. Better governance provide opportunity to
company to achieve target with high efficiency.
b) Various Corporate governance system are there in organization that are used by company to
improve performance in operations (Tricker and Tricker, 2015). These mechanisms are internal
mechanism, external mechanism, independent audit. This mechanism are used to evaluate
performance of company as per some standards that can lead company towards success and
efficient output.
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REFERENCES
Books and Journals
Andrews, R.N. and Johnson, E., 2016. Energy use, behavioral change, and business
organizations: Reviewing recent findings and proposing a future research
agenda. Energy Research & Social Science. 11. pp.195-208.
Bammens, Y.P., Huenermund, P. and Andries, P., 2017. Transgenerational Control Intentions
and Innovation Spending: A Behavioral Contingency Model. In Academy of
Management Proceedings (Vol. 2017, No. 1, p. 10579). Briarcliff Manor, NY 10510:
Academy of Management.
Hickman, C.R. and Silva, M.A., 2018. Creating excellence: Managing corporate culture,
strategy, and change in the new age. Routledge.
Naranjo-Gil, D., Sánchez-Expósito, M. and Gómez-Ruiz, L., 2016. Traditional vs. Contemporary
management control practices for developing public health policies. International
journal of environmental research and public health. 13(7). p.713.
Seddon, J., 2019. Freedom from command and control: Rethinking management for lean service.
Productivity Press.
Tricker, R.B. and Tricker, R.I., 2015. Corporate governance: Principles, policies, and practices.
Oxford University Press, USA.
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