What are the two main theories in management field which have been used to explain the effect of the phenomenon that "in some public firms, the CEO is also the chairman of the board" on firm performance?
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What are the two main theories in management field which have been used to explain the effect of the phenomenon that "in some public firms, the CEO is also the chairman of the board" on firm performance?
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- Suppose that you are in a position that enabled you to hire a manager in a company; and you are in a position that confused to hire either Average managers, Successful managers, or Effective managers. Which one you will assign, and what is the deference between each one of them?What are some of the important factors that a board will consider when they decide to choose insider CEO vs. outsider CEO?Can you answer it in a short answer? please John was thrilled when, after completing his MPA degree, he was hired to work as a management analyst in the state office of management and budget. During his first year on the job, John impressed his supervisor and coworkers with his excellent analytical and writing skills. Even though his time on the job was short, he had proved himself to be an intelligent, hard-working, and reliable employee. At his 1-year performance review, he received an "excellent" overall rating. Shortly after his 1-year anniversary on the job, a new governor was sworn into office. She had many innovative ideas and changes that she wanted implemented to improve the efficiency and effectiveness of state govern- ment. One of the vehicles she instituted to achieve these changes was the introduction of a statewide "management by objectives" (MBO) program to be administered out of John's office. Although John was relatively inexperi- enced, the unit director believed that…
- Determine whether the following statement is true or false: Most managers perform all five management functions but not necessarily to the same degree.Six years ago, when Robert joined ABC Enterprise as a junior accountant, he felt that he was on his way up. He had just graduated with an average of A grade from college, where he was well liked by his peers and by the faculty and had been an officer in several student organisations. Robert had shown a natural ability to get along with people as well as to get things done. He remembered what Sam, the controller at ABC Enterprise, had told him when he was hired: “I think you will do well here, Robert. You’ve come highly recommended. You are the kind of guy that can expect to move right on up the ladder.” Robert felt that he had done a good job at ABC Enterprise, and everybody seemed to like him. Also, his performance appraisals had been excellent. However, after five years he was still a junior accountant. He had applied for two senior accountant positions that had been opened, but they were both filled by people hired from outside the firm. When the accounting supervisor’s job came…There is no such thing as a “one-size-fits-all management theory”. What may work for one organization may not be relevant for another. Therefore, when one theory does not fit a particular situation, it is important to explore the option of developing a new theory that would lead in a new, more applicable direction. While some theories can stand the test of time, other theories may grow to be irrelevant and new theories will develop in their place. EXPLAIN.
- Effective management is essential for the success of any organization, whether it's a small business, a multinational corporation, or a nonprofit. Management involves planning, organizing, leading, and controlling resources to achieve specific goals and objectives. It requires skills in decision-making, communication, delegation, and problem-solving. Without competent management, a company may struggle to allocate resources efficiently, adapt to changing circumstances, and motivate its employees to perform at their best. Question: What are some key challenges that managers face in today's rapidly changing business environment, and how can they address these challenges to ensure their organizations remain competitive and sustainable?As mentioned by Paul Hawken, environmentalist, entrepreneur, and author of NaturalCapitalism“Good management is the art of making problems so interesting and their solutions soconstructive that everyone wants to get to work and deal with them.”As normally known, every day, managers solve difficult problems, turn organizations aroundand achieve astonishing performances. To be successful, every organization needs goodmanagers.From your experience of dealing the management of the company XXX in educationbusiness and your knowledge of fundamental management functions, will you apply the styleof management by Welch? Justify your answer.Hint:• relate the process of management and basic management in the answerAn MBA degree can open many doors in the corporate world. However, it is not a magic key that unlocks all of the corporate boardroom doors. Other than having an MBA degree, what else should prospect executives have to offer in order to be considered qualified and desired by organizations?
- Management Level: Operational ManagerDepartment: Business Development (Sales)Company Structure: Investigating Direct Traders Summarise the above managment role, security implications, and discuss TWO findings about your analysis from your management level that can be used to decide on the final company structure. Make TWO recommendations to support either a change or no change, in the company structure. Only credible sources should be used.explain the business-IT maturity model and comment on how this model relates to the points raised by Krotov in the article “Bridging the CIO-CEO gap: It takes two to tango”, Frick in the article “Google's CIO on How to Make Your IT Department Great”, and the perspectives of IT governance presented in Chapter 9 (Pearlson, Saunders & Galetta). How would you rate your own organization (or an organization you research) using the business-IT maturity model?We have discussed that management is useful in all types of organizations. Consider three types: (i) a Fortune 500 company, (ii) a social enterprise, and, (iii) a technology startup. Discuss the similarities and dissimilarities involved in managing these three types of organizations, particularly considering the four aspects of management. Do you think a manager who is effective in one type of organization can be effective in another type of organization? How can universities prepare students to be effective managers across different types of organizations?