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Management
How does today's world compare with one of 40 years ago? What is different about today, and what is not so different? Has our recognition and consideration of stakeholders changed? How do these factors and differences influence management practices?
Perhaps the biggest change for businesses today is all the changes that have taken place in communication. Almost any kind of information is markedly easier to obtain than it was 40 years ago. Gone are switchboards, both for the phone company and for businesses. We can pick up a cellular phone and call Beijing or Sydney more easily than we could have called home from our desk forty years ago. Coupled with that is the growth of the Internet, putting research resources at everyone's fingertips.
The result is that stakeholders in businesses have tremendous amounts of information available to them about the businesses in which they have financial interest. The same thing is true for such people as media. While no doubt some companies may still manage to cheat their stockholders and employees, such as we saw with the Enron scandal, such malfeasance may be easier to uncover. It is certainly easier to alert the general public to these incidents when they occur.
The result is that the fiscal practices of companies have to be like Caesar's wife: not only honorable, but above any reasonable suspicion. Companies must be more open and more forthcoming with their business practices.
Companies must also be more careful about with whom they do business because of such media scrutiny. Most people remember when Kathy Lee Gifford came under criticism for not knowing that her clothing line was sown by sweatshop workers in third world countries. Such media attention can seriously depress the bottom line, as Martha Stewart found out when she lied about insider trading.
In 2001 it is harder to keep secrets in business, and more important than ever that business practices be conducted with integrity.
Participative Management Today's international world of business is too complex and competitive for an authoritative approach to management. In order to succeed, companies need the support and expertise of its employees. Businesses are being redesigned to be flatter, so decisions are made by people close to the action. A more loosely created organizational structure can quickly adapt to changing business conditions and current projects. Overall, this belief in employee involvement is
Then, another, and probably the most obvious, application of operations management is that of achieving cost reductions. Richard Stylves offers the most conclusive example of Henry Ford, who sought to integrate assembly lines using the most cost effective commodities, including labor force. The aim of operations management is then that of reducing expenditure and increasing operational efficiency. Its applications are present at all organizational levels, from resource allocation to product
Database Management Today, nearly everyone in across the world would love to store their information in the database to keep track of everyday activities. Organizations are also not left behind in operating their businesses by storing their information on databases. Databases are designed in a way they offer organized mechanisms for storage, managing and retrieving information. The data are stored and organized in different tables by the use of Microsoft Excel
In my opinion, valuable organizational change is a process. It is nothing that comes from one day to the other. It requires the combined efforts of the organization as a whole: Skilled managers and the commitment of an organization's workforce alike. Discussion of the paper's results: What are the key findings? What does it add to the body of knowledge? The key findings of the paper are threefold. First, the current management
management of human resources and diversity. The writer explores the growing diverse populations in American workforces and provides researched methods by which to best manage that from a human resource standpoint. The field of human resource management has always been a field that encouraged diversity. By its very nature the people that have an interest in working in the field generally have the type of personalities that enjoy diverse groups
Managing Diversity and Equal Opportunity With the turn of the 21st century, a dramatic increase is being witnessed in the international flow of labor with repercussion for domestic labor supply and management. The native, racial and emigre mixture of the employees is predominantly important for the workplace. The importance of this domestic cultural multiplicity in the labor force, highlighted by worldwide influences and necessities, has lately encouraged the researchers to focus