¶ … Managerial challenges in today's business world affect both the non-profit and for-profit entities in similar manners. Though oftentimes these challenges may also affect the entities in different ways; consider for instance, the recent tsunami and earthquake events in Japan. Many of the Japanese non-profit entities focused on what needed to take place to help individuals, families and victims to recover from the devastating occurrences. The leaders of these entities were faced with the devastating effects that are the human element of most natural catastrophes. Leaders in the business community, though they too see the human side, have a focus more on the business side; what it takes to get the business up and running again.
Leaders from both sides realize that neither is more important than the other, and oftentimes their goals and objectives are tightly interwoven. Therefore it behooves the leaders of both types of organizations to display leadership traits that will lend confidence to those that they seek to lead.
The challenges...
One of the challenges faced in today's marketplace is the ability to react to situations such as the events in Japan. These types of challenges can define the leader and oftentimes a transformational leader will bring an entirely new direction to the entity. Fu et al. describes transformational leaders as individuals whose actions "motivate followers to do more than expected and act for the good of the collective" (Fu, Tsui, Liu, Li, 2010, p. 222).
Challenges are faced by leaders who display both good and bad leadership capabilities and can affect the 'collective' in both good and bad ways. The end results are easily discernable as to which leaders exhibit the good traits, and which leaders exhibit the bad ones. As Warren Bennis states in his diatribe on leadership "we do not yet know what a theory of leadership would look like" (2007, p. 4) yet we do know that good leadership can accomplish…
VHA Managerial Challenge In recent years, the United States Department of Veterans Affairs has experienced a great deal of challenges ranging from lack of accountability and lack of employee apprehension to mismanagement of finances. In particular, a key managerial challenge that the VA faces today is the lack of timely provision of health care to veterans across the nation. Increased wait times at the various VA medical facilities are a key
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
" (Moseley, 1) From a project management standpoint, delegating these funds is a significant concern. The recent history of government financial mismanagement, has caused the public some rightful wariness as these massive bailout plans come to fruition. The Obama Administration must devise a strategy which ensures that these bailout funds are designed to protect American homes, stimulate job creation and help to improve the infrastructural stability of the nation. The administration has the unenviable task of prioritizing the countless
One set of concepts from each area was utilized to explain how the situation at Grand Bois may have come about. The end goal of the authors was to "provide business practitioners, ethics teachers, and readers interested in corporate conduct with insights useful in understanding why managers may act the way they do." It could be argued, according to Hamilton and Berken (2005), that Exxon managers had made a sound
Price: The customer will be able to choose from a wide variety of prices, starting with $15 and ending with $2,000. The average retail price is of $100.00 a bottle of specialty wine, with an average fixed cost per bottle of $50. The $50 difference allows me to reduce the retail price if I find this is necessary to attract customers. I could also implement various pricing strategies, such as
Researchers have an occasion to further organizational science and to make research practical by producing information that can impact changing organizational forms and circumstances. Pragmatically, academic researchers are not likely to get access to a company that is going through change unless the practitioners believe the research will be helpful (Gibson & Mohrman, 2001). There have been a number of calls to augment the significance and effectiveness of organizational science