Learning Outcome 1: Method to improve personal and professional skills required to achive strategic goals AC. 1.1: Skills required for effective strategic management In order to develop vision, mission and long term objectives for the company and make the entire organization aligned with these goals and objectives, there is a need for an effective strategic manager who is able to carry on all the functions sucessfully. In order to achieve long term objectives of the firms, the strategic manager acts
has been tasked with creating a change readiness review document for JC Penney, an organization in the retail industry that has identified the need to assess its readiness for change. The briefing document will use a future back approach to identify significant trends influencing the nature of the retail industry and potential response to the change. In addition, current power structures identified in the organization, structures necessary to implement change and characteristics of the company culture
Being Globally Savvy is a Demanding Charge The global nature of business requires today's leaders to acquire knowledge of the company’s worldwide business structure and develop a deeper understanding of international business issues. Increasingly, senior leaders are engaged in transacting business and interacting with stakeholders across the globe, where practices & processes are different from their home country. They have direct or matrix reporting relationships which spread across the globe
towards achieving set goals and objectives (Ward,2017). A good leader must, therefore, be able to communicate these goals to his/her team in an effective way. A leader is an inspiration to his/her team. This means that through the process of communication he/she is able to spark new energy among employees or team. But, how does a person become a leader? Leadership is attained through various ways. Through election to the post, by a unanimous decision by members of a group, promotion to a post, vetting
knowledge into intellectual property, employees have to be willing to share their experience and knowledge with other members of the organization. Knowledge is the power that enables organizations to improve productivity and to provide value to the group and individuals. Intellectual capital is the competitive value of any business system. The appeal of an organization or of belonging to a certain group depends upon the satisfaction of each group member. A manager, who wants a team comprised of satisfied
Background of Study For the smooth functioning of the business, effective communication at the workplace is very important. In an organization a two-way communication is a must. Managers should have personal contacts with their subordinates. They can help reduce absenteeism amongst workers and also increase their productivity through proper communication. They should properly communicate the goals and policies of the organization to their subordinates and also get proper feedback from them
Leadership Assessment John Maxwell said, “A leader is one who knows the way, goes the way, and shows the way.” Being a leader whether within an organization or not, one must possess certain qualities or attributes to succeed. An individual in such a position is relied upon not only to lead a group of people but to encourage, assist, and motivate etc. leaders must also develop positive relationships, respect, and trust with their employees, by doing so leaders develop a stable foundation with staffs
am interested in and find a professional job with stable income to support my family. It may sound an ordinary and unambitious one, but it definitely means a lot to me. For me, studying business is the right choice. Among many different subjects available in the university, I want to study business. I think business is very different from other subjects like language, science or arts. It has many things for me to explore. It does not only study the past incidents but
how best to use an organisation’s resources to produce goods or services • Employees • Equipment • Money Types of management in organization An organization can have different managers under different authority level, known by other titles and at different levels in the management hierarchy. There are 3 levels of management that are typically found in an organization and these are as follows: Administrative or Top – level management Executive or Middle – level management Supervisory or Low
entrepreneurs through various organizations that help in advancing the young and fresh entrepreneurial talents. These organizations aim at stimulating young leaders in becoming an essential part in improving the regional economy. They also provide support in setting up a strong business plan/base. Government Procurement Program made it mandatory for the government departments to contribute at least 5% of its annual procurement to Mohammed Bin Rashid Establishment for Young Business Leaders. IMPORTANCE