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¶ … Business Environment
There are various views held by management in terms of the methods that should be used to manage the organization. The work of Hartman (nd) states that the evolution of modern management thinking started first in the nineteenth century and flourishing during the twentieth century, which is reported to have "witnessed a revolution in management theory ranging from classical theory to the Japanese management approach." Hartman states that today's management theory derives from the "interdisciplinary efforts of many people." (nd)
Management is described in the work of Olum (2004) as "the art, or science, of achieving goals through people." Olum states, "More broadly, management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." (2004) Management is about "solving problems that keep emerging all the time in the course of an organization struggling to achieve its goals and objectives." (Olum, 2004) Management methods and processes differ from organization and even between various departments or sectors within an organization and this can be held to be due to the various perspectives held by management in the organization.
Research Problem
The research problem in this particular study revolves around the question of how the best method of management for a particular organization is chosen by management in the organization since there are so many existing...
Qualitative research is appropriate and the best methodology in attempting to understand phenomenon in the workplace. Qualitative research is reported as a "class of research methods in which the investigator takes an active role in interacting with the participants he or she wishes to study." (Ehigie and Ehigie, 2005)
Alternatively, quantitative research is such that is reliant greatly…
Sources and Main Issues
The start of the modern organization is reported in the work of Hartman entitled "Management Theory" to have taken place during the middle of the nineteenth century with "the rise of the factory system, principally in the textile industry, where automation and mass production became the cornerstone of productivity." (Hartman, nd) Management theory evolved slowly during the century as the need is reported to have existed "to define what management was in the first instance as well as to operationalize it in meaningful terms for an organization." (Hartman, nd)
Management Theory
Robert Owen and Charles Babbage are reported to have serious examined management theory. Owen's ideas were derived from his ownership of a cotton mill in Scotland and his interest in the well-being of 400 to 500 children employed by the mill. Owen published his pamphlet 'A New Vision of Society' in 1813 in which his idea of society was described and Owen additionally was very active in bringing about improved living conditions for his employees by implementing housing, sanitation, public works and school programs. It was Owen's belief that character was determined by circumstances and that early education combined with environment was critically a part of the formation of good character.
Babbage was held to be the 'father of the modern computer' as he performed the fundamental research upon which the first mechanical calculator was developed as well as developing an 'analytical engine'
There has been little in the way of fiscal policy, and the result has been entirely predictable. With no particular influx of spending into the economy, the recovery has generally been quite weak. With no fiscal policy tools on the horizon, it is therefore unlikely that any improvement to the recovery will take place. International business is also an option for a company to improve its situation. If a company
Sainsbury's Business Environment Mission, vision, objectives, goals and core competence Sainsbury's chain of supermarkets is the leading store of food retailing in Britain. A single store offers approximately thirty-two thousand varieties of products among them fresh produce and own brand comprising of fifty percent total products. A variety of grocery products and quality foods are sold by the chain of supermarkets. Additionally, they offer other services and products such as petrol stations,
Bookshop; Business Environment Opening a new business is always a challenging prospect. Many factors can influence the success or failure of a new business. Access to capital is an example of a significant influencing factor. There are also environmental factors that must be taken into account. The immediate competition in the environment, for example, can influence factors such as pricing and product differentiation. When starting a new bookshop in a shopping
Market Analysis The third principle, that markets that don't exist can't be analyzed, reminds managers that assessing the effects of disruptive technologies is often counter-intuitive to good management practice. Many companies require the development of a business case and a business plan for new products. This approach is generally very successful when applied to sustaining technological innovations, because the market is well-known; however, when companies apply this strategy to new, emerging
This allows for greater levels of planning and cooperation, and fills in the information gap that currently exists between the factory floor and the rest of the supply chain. Lexmark provides an example of waste. Recently, the company found itself with more than $1 million in scrap from one lot. Engineers had insufficient information to isolate and fix the problem, so were instead relegated to crisis control. With more accurate
Business Failures Reasons for Failure Business failures have become a properly investigated field of study in the past few years as a struggling economy and an overall difficult business environment have combined to discourage potential entrepreneurs from entering the market place and to cause many existing business owners / entrepreneurs from continuing their endeavors. This interest in business failures is precipitated by the fact that the number and nature of business failures