Challenges Faced by Management - 1681 Words

Challenges Faced by Management Managing and supervising people are not an easy job. Every day we are facing different problems and challenges. Maybe a small or big problems that we must enhance or motivate our people, talk with them and even sometimes help them to solve their day to day problems. Every individual has his own characteristic to portray. Variations of people should take into consideration in managing them. Factors like timing, place, and situation would work well for the managers. With the fast changing world, we need to cope up with things that could hinder the development of one’s managerial skills. Here are the most common problems in management and how to solve them. Employee motivation: Motivating the employees†¦show more content†¦It will become a challenge to engage all staff in this endeavor, and not only those in the sales division, because customers may, for instance, leave the firm because of the technical or support staff, or because of an incorrect billing. Competence-based Strategic management: Competence-based management is a relative new way of thinking about how organizations gain high performance for a significant period of time. Competence-based management originates from the theory of competence-based strategic management. In spite of the unpredictable character of the future competitive position of organizations, a controlled development of competitive advantage is not unthinkable. Since the beginning 90’s of the previous century competence-based strategic management explains how organizations can develop sustainable competitive advantage in a systematic and structural way. The idea behind competence-based management is that an organization has access to a unique mix of resources. Resources are all elements, tangible or intangible, which an organization can use for the arrangement of products and bring services on the market. The resources an organization can use may be either organization-specific of organization-addressable. Vermeylen and Heene (1999) define resources in the simplest form as all inputs used in a production process, resulting in products and/or services. The difference of the mix available resources between organizations, the speed with which resourcesShow MoreRelatedChallenges Faced by Sports Management730 Words   |  3 PagesThe world of sports management can be filled with many challenges. Jobs in the industry require the skills to troubleshoot major problems and turn them into positives. I have chosen to touch on three issues faced by teams, managers, and players alike. They are doping, public image, and ticket prices. 1. Doping The use of performance-enhancing drugs by professional athletes has been a controversial issue for many years. According to the World Anti-Doping Agency, the use of performance enhancing drugsRead MoreChallenges Faced By Senior Management1559 Words   |  7 Pagesenvironment of today is complex; thereby faster decisions have to be made and better allocation of resource is essential with a clearer focus of the future. This poses a major problem to senior management because organizations consist of a changing mix of large and small projects which brings new challenges in prioritization of projects, resource planning and monitoring (Elonen and Artto, 2003). According to Engwall and Jerbant (2003) cited in Kaizer et al., 2015, the number of available project alternativesRead MoreChallenges Faced By The Management Of A Business1877 Words   |  8 Pagesâ€Å"Managerial economics applies the principals and methods of economics to analyze problems faced by the management of a business, o r other types of organizations and to help and to help find solutions that advance the best interests of such organizations.†(Managerial Economics, 2015). In order to apply the principals and methods of economics to business it is important to first understand general economic principles and macroeconomic indicators. These indicators help managers to understand howRead MoreEthical Challenges Faced By Management Research998 Words   |  4 PagesINTRODUCTION Management research is an applied research of various business practices with the primary intention of gaining new knowledge and providing solutions to business problems. 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There is obviously tension betweenRead MoreRisk Management And Regulation Challenges Faced By Businesses1204 Words   |  5 Pagesliteratures have derived theories to explain and measure the risk management and regulation challenges faced by businesses in their operations. According to Cox (2007), businesses are affected by diverse risks both in their internal and external environment. Among them include financial and marketing risks, violence crises, and natural disasters. Due to uncertainty of the consequences, several authors have described risk management as the counter measure to reduce impact. Ri sk is defined as eventsRead MoreEvaluation Of Sia s Strategic Management And The Challenges Faced By Sia1497 Words   |  6 PagesEvaluation of SIA’s Strategic Management and the Challenges faced by SIA Analysing the macroeconomic environment is important to understand the impact of the organization (Philip Kotler, 1999). PEST analysis was used extensively to analyse the strategic management of an organization (Drucker, 2006) in which PEST stands for Political, Economic, Social and Technology. Tennent and Friend (2011) suggested an extension for this which is referred to as PESTEL which in addition to the above-mentioned aspectsRead MoreHuman Resource Management And Challenges Faced By International Human Resources1073 Words   |  5 Pages Subject: International Human Resource Management Paper code: 95.806 (b) Term 1 Lecturer: Dr. Robert Khan Assignment 1 Topic details: Development of personnel management to human resource management and challenges faced by International human resource department Word count: ----- Name: Bhushan Kanubhai Parmar Student ID: S2144200 Human resource management (HRM) is concerned with all parts of how individuals are utilized and oversaw in associations. It blankets the exercisesRead MoreExamine Key Challenges Faced by the Public Sector Management of the Global South?2665 Words   |  11 Pages* Examine the key challenges for public sector management in the global south. Illustrate your answer with contrasting country examples. Most of the global south countries such as the African countries have attained their independence around the 1950’s and 1960’s. The public sectors which are known as the government sector have set of roles that need to be look after the welfare of the state such as the security, environment, health system, education and so forth. The public sector in the globalRead MoreChallenges Faced by Hr Management When Significant Staff Cutbacks Occur and How They Should Be Addressed783 Words   |  4 PagesChallenges faced by HR management when significant staff cutbacks occur and how they should be addressed Downsizing is never easy on the Human Resource department. In fact, if not handled properly, it could be detrimental to the overall organization. Here are some challenges that come along with downsizing: Addressing the shifting morale and needs of the surviving employees, maintaining the productivity and profitability of the organization, and retaining skilled, and qualified employees.