This text discusses, what is important for a manager in the present world to be successful with his or her business.
Today's world calls for managers who are versatile so that they can embrace so that their firms can remain afloat. The reason is that today’s business world is made up of ambiguities and uncertainties due to the rapid changes that keep on being churned out by various sectors of the economy.
Managers should learn from the story of Kodak, which refused to embrace change and has consequently been pushed out of the market by the players who embraced change. The rigidity and high-handedness exercised by managers of the previous decade or century may not work in the present world.
Chapter 1 Discussion
Today's world calls for managers who are versatile so that they can embrace so that their firms can remain afloat. The reason is that today’s business world is made up of ambiguities and uncertainties due to the rapid changes that keep on being churned out by various sectors of the economy. Managers should learn from the story of Kodak, which refused to embrace change and has consequently been pushed out of the market by the players who embraced change (Hussain et al. 128). The rigidity and high-handedness exercised by managers of the previous decade or century may not work in the present world. Managers should keep their eyes and ears wide open to understand the current trends in their industries and come up with strategies that would give them a competitive edge. Some of the skills required by managers working in these conditions include versatility, excellent communication skills, analytical skills, and building rapport with various industry players. Versatility will help such managers embrace change as it comes. It will ensure that they are not rigid to change, rather, they are ready to learn new skills needed to bolster performance (Onderick-Harvey n.p). Excellent communication skills will help the manager create rapport with the staff, as well as with industry players. In many instances, the staff may understand what is happening on the ground and the changes that need to be effected. However, many managers look down upon the low cadre employees who could have come up with ideas of helping them remain relevant. Good communication skills lead to good relationships between the manager and employees, which also creates a room of consultations and sharing of ideas as the need may arise (Bell & Roebuck 72). Analytical skills help the managers use past and current happenings to determine the likely course of action that they should take to steer their firm in the right direction. Lack of analytical skills may make it hard for managers to predict future occurrences.
Chapter 2 Discussion
Changing attitudes might affect a manager’s job over the next few years as it will determine how he/she relates to employees. In the current world, several social changes are taking place, and various jurisdictions or entities are embracing them. There is a need to ensure that present-day managers are not left behind by continuing to hold onto outdated views that have been overtaken by events in the current world. Managers who are not ready to embrace such social changes may find themselves or their firms being ostracized by the larger society, whose results would include low sales and low profits (Hao & Yazdanifard 4). Such managers are likely to see their firms facing several litigations based on discrimination in the workplace. The result would be a tainted image for the business, whose consequence would include being shunned by potential clients. In the US, it is against the employment and labor relations laws to discriminate against any employee based on sexual orientation. For an excellent manager to survive the present-day changes that are likely to affect a firm, he/she should be open-minded and ready to change as the society demands. Otherwise, remaining rigid subjects a firm vulnerable to isolation from the rest of the world that is moving in sync with the changes. As Goel and Ramanathan noted, business ethics play a pivotal role in the success of any given enterprise (50). Therefore, a manager should ensure that he/she follows business to continue attracting and retaining existing customers who may, later on, become loyal clients. The goodness of having loyal clients is that they help a business predict its revenues based on almost accurate sales volumes from loyal clients. Otherwise, being obsessed with other issues that society may have embraced and does not see any problem with them is likely to harm a business.
Chapter 3 Discussion
Living and working in another country is likely to shape my perceptions about cultural differences that exist among people. Each country has a specific culture that it embraces, which has become part of its ethos. According to Hofstede, each country has a culture that is collectively referred to as the national culture (Beugelsdijk & Welzel 1470). While working in a different country, one is likely to learn how some issues may affect his/her relationship with others. In some countries, especially the Muslim countries, the man possesses almost absolute rights in making decisions that may affect his household. However, in countries such as America, where gender equity is the norm, both husband and wife have to take part in the decision making process. For that reason, somebody who has worked in a different country is likely to understand the significance of cultural awareness in the workplace. One of the benefits of understanding cultural awareness is that it makes it possible for one to assign duties among workers based on their cultural beliefs (Beugelsdijk & Welzel 1472). Some people come from cultures that have specific roles for each gender. Such people continue to observe their cultures in the workplace. Assigning them roles meant for another gender would be like shaming them or ridiculing them. However, with cultural awareness brought about by interacting with people from different backgrounds, a manager will understand how to relate to his/her employees, how to orientate employees on how to relate to people from a different culture to ensure the existence of peace and tranquility in the workplace. Such a manager is likely to lead a cohesive team that respects each other’s views, translating to higher productivity.
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- Dr. Amos Wesonga (Author), 2018, Business Principles in the Present World, Munich, GRIN Verlag, https://www.grin.com/document/999892
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