Contemporary Management and Leadership Issues
Contemporary management/leadership issue.
Discuss what is the most critical issue facing management in contemporary organizations.
Indicate the reasons for choosing this issue; establish its significance both in an academic and a practical sense.
This paper should be 3-4 pages long, written with headings (and subheadings if appropriate), citing significant course material to support your rationale and discussion.
Chapter 4: The External Environment (Daft 146)
All organizations face tremendous uncertainty in dealing with events in the external environment and often have to adapt quickly to new to new competition, economic turmoil, changes in consumer interests, or innovative technologies
The Organization’s Environment * Environment includes everything inside and outside the organization * Organizational environment: everything that exists outside the organization and can affect all/part of the organization * The environment of an organization can be understood by analyzing it’s domain—the chosen environmental field of action * Domain defines the organization’s niche and defines those external sectors with which the organization will interact to accomplish its goals * There are 10 sectors, or subdivisions, for each industry 1. Industry: competitors, industry size and competitiveness, related industries 2. Raw Materials: suppliers, manufacturers, real estate services 3. Human Resources: labor market, universities, training schools, unions 4. Financial Resources: stock markets, banks, savings and loans, private investors 5. Market: customers and clients, potential users of products and services 6. Technology: science, computers, information technology, techniques of production 7. Economic Conditions: recession, unemployment rate, inflation rate, growth, economics 8. Government: city, state, federal laws and regulations, taxes, court system, political processes 9. Sociocultural: age, values, beliefs,
Discuss what is the most critical issue facing management in contemporary organizations.
Indicate the reasons for choosing this issue; establish its significance both in an academic and a practical sense.
This paper should be 3-4 pages long, written with headings (and subheadings if appropriate), citing significant course material to support your rationale and discussion.
Chapter 4: The External Environment (Daft 146)
All organizations face tremendous uncertainty in dealing with events in the external environment and often have to adapt quickly to new to new competition, economic turmoil, changes in consumer interests, or innovative technologies
The Organization’s Environment * Environment includes everything inside and outside the organization * Organizational environment: everything that exists outside the organization and can affect all/part of the organization * The environment of an organization can be understood by analyzing it’s domain—the chosen environmental field of action * Domain defines the organization’s niche and defines those external sectors with which the organization will interact to accomplish its goals * There are 10 sectors, or subdivisions, for each industry 1. Industry: competitors, industry size and competitiveness, related industries 2. Raw Materials: suppliers, manufacturers, real estate services 3. Human Resources: labor market, universities, training schools, unions 4. Financial Resources: stock markets, banks, savings and loans, private investors 5. Market: customers and clients, potential users of products and services 6. Technology: science, computers, information technology, techniques of production 7. Economic Conditions: recession, unemployment rate, inflation rate, growth, economics 8. Government: city, state, federal laws and regulations, taxes, court system, political processes 9. Sociocultural: age, values, beliefs,