Businesses operating in cutures where prominence of status and position (high PDI, high Power Difference Index) is commmon tend to: O Use committees to make all important decisions. O Promote participation by all in the corportation to conduct its daily business. O Allocate decision making to upper management. O Give new hires managerial major duties/responsibilities immediately. O Are not competitive in today's dynamic global economy.
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- answer the following questions in essay format with no less than 1100 words. Joseph and Krystal are part of your social group. They joined Missile’s Financial Services together as middle managers. Each one, reports to a different senior manager. These senior managers report to the Managing Director. Once a month after payday, Joseph, Krystal and other members of the social group all try to have lunch together.Joseph is very distressed. ‘I’ve had an awful week and this morning was the worst!’ He recounts what happen between himself and Nicholas, his manager.‘Nicholas and I were to meet with a new supplier to finalize a contract. I have been dealing with the supplier all this time, over two and a half months and we just needed to finalize the costing. We had reached an agreement about the cost that both of us were comfortable with. For the past two weeks, I have been trying to get Nicholas to look at the contract and agree the figures etc.…17. To obtain scarce resources while working in a rapidly changing and uncertain external environment, what would you recommend managers do? Select one: O a. Establish restrictive norms to guide employee activities. O b. Create an entrepreneurial culture. O c. Centralize authority. O d. Maintain control of employee activities. O e. Use a mechanistic form of organizing.XYZ Ic., an advertising firm, has a horizontal structure with simple rules and procedures. It achieves targets by having personal means of coordination. The firm values the existence of informal groups and does not believe in division of labor. The XYZ's managers trust that all employees work efficiently without any supervision. This implies that XYZ Inc. is a(n) organization. Centralized Adaptive Bureaucratic Open
- A management team that is inefficiently utilising the company's scarce resources may find itself at risk of losing their jobs due to which of the following market mechanisms? A.Corporate regulators B.The market for corporate control C.Management shareholdings D.Management remuneration incentive packages E.Fisher's separation theoremDiscuss a peron's personal career history who's work at a translation company and mostly in retail and examine and analyze the positions they've held through the lens of being strategic, focused, disciplined, analytical and restorative. Explain why certain positions were or were not a good fit according to this peron's Interests, Inclinations and Values. Cite Holland and Super’s theories as they apply to this work backgroundEffective management is crucial for the success of any organization, as it involves coordinating and overseeing the efforts of individuals to achieve common goals. It encompasses various functions such as planning, organizing, leading, and controlling resources to attain desired outcomes, Successful managers possess a combination of leadership skills, strategic thinking, and the ability to adapt to changing circumstances. They must foster a positive work environment, encourage collaboration among team members, and make informed decisions to navigate challenges. In today's dynamic business landscape, where technology, market trends, and competition are in constant flux, adaptive management strategies become paramount. Managers need to be agile, open to innovation, and capable of aligning organizational objectives with the ever-evolving external environment. Question: How can organizations encourage and develop adaptive management strategies to navigate the challenges posed by the…
- Effective management involves the art of coordinating resources, people, and tasks to achieve organizational goals efficiently and effectively. It encompasses planning, organizing, leading, and controlling activities within an organization to ensure its objectives are met. Managers must possess a diverse skill set, including communication, decision-making, problem-solving, and interpersonal skills, to navigate complex business environments successfully By fostering teamwork, providing direction, and adapting to changes, managers play a crucial role in driving innovation, productivity, and overall success within their teams and organizations Question: How do you think the role of technology has influenced the way managers coordinate resources and tasks in modern organizations?True or False 1. The antitrust view is based on which of the following assumptions? 2. The rational structure model is a model of business organization stressing informal power relations worked out through internal competition.The ability to build networks and power bases that increase one’s power in the organization is referred to as _____. Select one: a. strategic skill b. political skill c. influence skill d. controlling
- Answer the following questions. a) Discuss the advantages and disadvantages of the following forms of managerial com- pensation in terms of mitigating agency problems, that is, potential conflicts of interest between managers and shareholders. (i) A fixed salary. (ii) Stock in the firm that must be held for five years. (iii) A salary linked to the firm's profits. b) (i) Why are many bonds callable? What is the disadvantage to the investor of a callable bond? How are bond values affected if bonds are callable? (ii) If you are buying a coupon bond between interest paying dates, is the amount you would pay to your broker for the bond more or less than the amount quoted in the financial quotation pages? Discuss the differences and how these differences arise. c) What are some advantages and disadvantages of top-down versus bottom-up investing styles?Mangement Management is a multifaceted discipline that involves the coordination of people, resources, and processes to achieve organizational objectives. It encompasses various functions such as planning, organizing, leading, and controlling, all aimed at ensuring the smooth operation and success of an organization. Effective management requires a deep understanding of the organization's goals and objectives, as well as the ability to develop and implement strategies to attain them. Managers must possess strong leadership skills to inspire and motivate their teams, as well as the ability to make tough decisions and solve complex problems Additionally, effective communication and interpersonal skills are crucial for fostering collaboration and maintaining harmony within the organization. In today's rapidly changing business environment, successful management also entails the ability to adapt to new technologies, market trends, and competitive pressures. As such, managers must…This motivation theorist says that people behave the way they do because of the nature of the work they are asked to perform. Maslow McClelland Herzberg Skinner