1.1. What is Management & Leadership?
Management is the series of activities of a business in order to achieve defined mission and objectives. The board of directors and senior managers who have the power, authority and responsibility to make decisions and oversee an enterprise. The sizes of management teams can vary from one person to thousands of managers in multinational companies. According to Warren Bennis, Leadership is the capacity to translate vision into reality. Every spring you have a vision for a garden, and with lots of work carrots and tomatoes become a reality. Are you a leader? No, you’re a gardener. Bennis’ definition seems to have forgotten “others.” Another leadership definition explained by Bill Gates is …show more content…
Organisations and workers are enclosed within three political contexts which are the international political environment with extension of trade liberalization and deregulation, and growth of supranational alliances .Second context is the national political environment that eroding state control, replaced by privatization , labour market deregulation and lastly regional/local political environment which largely concerned with encouraging investment. Political context is a very sensitive subject which largely impact on our daily life. Organisations lobby governments on many issue in attempt to influence politician’s decision. The outcomes that compose external factors which ultimately shape the business environment. There are a few typical consideration in changes to political context. For example, increase or decrease in taxation, funding, grants and initiatives, trade organizations, current and future policies. Since politics is a very sensitive issue, the issue and circumstances vary from country to country. For instance, in Singapore, as a developed country, politic, education and taxation are stable for decades. It is one of the strongest economical, education county in South East Asia, and can drew attention from different walks off lives from neighbor countries, even from Western countries. There was a government policy to increase population by 30 percent by 2030 to 6.9 million …show more content…
As globalization has minimized the barrier to market entry, organizations are searching various locations to move their productions to different locations across the globe with better opportunity cost. Although products still targets to customers in home country and other parts across the globe, they continued search for more efficient business operations. In brief, production are shift to countries with low cost production. And labor cost. There are a few countries that had been grouped based on their characteristics and organizations choose accordingly. Basically, there are three grouping, developed countries which refers to those industrialized and with advanced technology economies while people earning high level of income and living standard, example, North America and Europe. Developing countries are another group which are changing from agricultural or natural resource-based to industrial production and there are excess low-cost labor in the market. Lastly, transition economy is which refers to those the countries moving from communist or state planned systems to industrialized market-based system. They tend to overlap with developing countries as their priority is industrialization. A further group to add on is emerging economies or markets and this group refer to fast-growing developing and transition economies which can attract foreign investment in order