Innovative Approaches to Corporate Management Essay

ASOS is an international fashion retailer, which offers an extensive line of products, varying from high street to

One of the factors that successfully reduced the majority of prejudice within the team was superordinate goals. The goals set by Boone were made purposely unachievable by a single member. The only way for these goals to be achieved is the cooperation of the entire team. As he told the team, their game must be “a team effort in order to achieve perfection”

The above statement makes a huge impact, and in the role as manager this is so true. Communication both professionally and personally starts with

To identify our strengths and weaknesses as a team and as individual members of the team and adopt corrective measures as we realize the challenges and benefits of teamwork.

Managers promote poor communication when it is not planned out correctly, which can cause chaos and friction within the department. Emotions can cause a barrier and result in a communication breakdown. Poor communication is not always at the fault of the manager, poor listening on the staff’s part can

It’s Your Ship, by Capt. D. Michael Abrashoff is good read on understanding the basics of what he calls grassroots leadership he developed while a Commander in the Navy. He takes the reader through the journey of having a cutting-edge ship handed over him, while finding his own leadership lacking his expectations. While defying conventional Navy leadership tactics, Abrashoff created “a crew of confident and inspired problem-solvers eager to take the initiative and responsibility for their actions.” He ultimately succeeded in turning the USS Benfold into the “best damn ship in the Navy” in a

In the book Turn the Ship Around, Captain L. David Marquet describes how he took the submarine, the USS Santa Fe, from “worst to first” in the United States fleet by transforming the leadership structure from “leader-follower” to “leader-leader.”

The book “Turn the Ship Around! A True Story of Turning Followers into Leaders” by L. David Marquet, Captain, US Navy (Retired) is the book we selected to review. Our group selected this manuscript because of the inspiring story behind the captivating title. A combination of intrigue and necessity inspired our group to examine this manuscript for its valuable motivating material about leadership and the art of delegation.

Beginning in boot camp and continuing throughout my career, I’ve seen the Coast Guard promote the leadership model to be: “You” influencing “Others” to achieve a “Goal”. With all the different ways leadership can be defined, this simplistic model which has been permanently engrained in my thinking definition still rings true for me. As such, when defining my own personal definition of leadership, I align it to this same model. More specifically, while I support the fact that leadership involves influencing others to achieve a common end I propose that is not the whole story. Leaders must not be stagnant in their vision and must lend themselves to the possibility they may have to adjust their leadership styles depending on the goal. The best leaders are the ones that understand their own personality traits as well as those traits of the people they are trying to lead.

The strategic management process is sometimes improperly perceived as a unidirectional flow of objectives, strategies and decision parameters from management to the employees. In fact, the process should be highly interactive since it is designed to stimulate input from creative, skilled and knowledgeable people working at every level of the business.

I agree with the statement above on the basis that communication is the most important thing when it comes to working in unison. Over time, the top levels of management tend to become isolated from the rest of the organization. A chasm develops those results in a gap in communication, mutual understanding, and/or acceptance of new ideas and knowledge. Without proper communication from managers, the organization will lose focus and their effectiveness will decrease.

In today’s world, opening or managing a company is very difficult. The Economic crisis, heavy taxation and barriers of entrance in some countries, make it more difficult. But all blame can’t be given to external factors. Most of the times the critical factors are inside the company. So what is the right way of managing a company? In this assignment I studied and analyzed three tools that can help me and are fundamental to success in this business world that is ruled by time and efficiency.

The definition of ‘management’ is controversial and subject to much debate. There have been many contradictory views on what the term ‘management’ means and accordingly how one should correctly manage an organisation. These theories have been put forward by several highly regarded management scholars over time. By taking into account past knowledge and contemporary views on management, we are able to ‘’explore how thinking has changed through time’’. (Brooks, 2006). Moreover, businesses have, and can continue to be able to adapt these theories and put them into practice. Successfully applying correct management practices is especially vital in a global business environment which is becoming very competitive. ‘’Most management theories, even those that do not resonate comfortably with the prevailing mood, have attractive and valid elements to them.’’ (Robinson, 2005). For example, some of these theories can be seen flourishing in fast food chains like McDonalds.

In the industry, there are different management theories and strategies applied to various organizations, so that to make the business and the company success. Different vision, mission, and objective are set as a guide for the organization to maintain its values. In this report,

In today’s competitive landscape, organizations must utilize every resource to its fullest in order to achieve profitability. Peter F. Drucker, who is known as “the founding father of the discipline of management”, informs us that employees are assets, which should be treated as a company’s most valuable resource. The key players involved in utilizing this valuable resource are the managers of a company. Managers have a vital role in a company and the effort they put forth into their tasks and responsibilities will directly affect the success of a company. In Drucker’s book Management: Tasks, Responsibilities, Practices (Revised Edition), he explains the role of a company’s management team and the secrets to becoming a great manager.