Professional Report What Supervision is and Why it is Important? Supervision is when one or a group of people are placed in charge of a team / organization. The basic idea is to have someone who is knowledgeable enough to work with the different employees by: ensuring that they are following the various policies and procedures of the company. At the same time,...
Professional Report What Supervision is and Why it is Important? Supervision is when one or a group of people are placed in charge of a team / organization. The basic idea is to have someone who is knowledgeable enough to work with the different employees by: ensuring that they are following the various policies and procedures of the company. At the same time, they are helping to motivate and deal with issues that could have an impact on productivity.
(McNamara) This is important, because without supervision a company will have no effective leadership for making certain that everyone is meeting their different objectives. This makes it difficult for a business to engage in a number of activities including: organizing everyone into various teams, changing with transformations in the markets, hiring / training new employees, setting different performance standards and ensuring that everyone is following the policies / procedures. As a result, effective supervision will help to set the tone and atmosphere for a corporation.
Once this occurs, it will allow a company be able to achieve their underlying profit margins and productivity levels. Over the course of time, this will help a business to be able have everyone working together in reaching their long-term objectives. (McNamara) Present a recent real world situation that could have used the concepts from this course to benefit their situation. (Include a very brief description of the company / organization as well as their situation and your suggestions applying course concepts).
A good example of a company that could have used effective supervision was Enron. What happened was, the top management wanted to increase their overall bottom line as much as possible. The reason why is due to the fact that they wanted to take advantage of new opportunities in many energy markets that were deregulating. As a result, management encouraged executives to take tremendous amounts of risks that were not financially prudent. Instead of questioning what was happening, most employees continued to blindly follow the directives that they were given.
Once this occurred, it meant that the company began one failed project after the next. To hide these losses from investors and regulators, special purpose entities were created. This led to the fraud and the eventual accounting scandal at the firm causing its downfall. These different elements are important, because if effective supervision was in place, many of the questionable activities at Enron would have been brought to the forefront.
This would have reduced the chances that the company fell into bankruptcy or engaged in one failed business venture after the other. The reason why, is because the supervisors were serving as the voice of reason by: questioning these actions and reporting them to regulators before they became too large. (Seabury) Summary of your learning and application Clearly, effective supervision plays a major role in determining how successful an organization will be in the future.
The reason why, is because this will serve as a way of enforcing different policies and procedures. While at the same time,.
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