How Completing the Objectives Support Success in Management
Accomplishing the goals is critical as it ensures an understanding of how the organizations are structured which, will inform an understanding of the operations that will contribute to success in business management. Accomplishing of the objectives will ensure the ability to analyze different business situations and position the companies to gain competitive advantage. The achievement of the objectives enables the business managers to align the financial performances of the business with the market realities to create products that address the special needs of the customers (Van Wijngaarden, Scholten, & van Wijk, 2012). Accomplishing the objectives further ensures that the business managers are able to effectively communicate with the employees, customers and the entire set of the stakeholders as a way to enhance the objectives of the organizations.
Through the accomplishment of the set goals, the business managers will be in a position to professional ethics in the management of the organization's which improves the business environment for all. The adherence to professional ethics improves the brands and creates a positive reputation of the organizations. The objectives also enable the business managers to maneuver the agencies in the global market as a measure to extend the influence across the international borders (Jeston & Nelis, 2014). The achievements of the objectives enable the business managers to understand the political, economic, social, technological and environment factors that influence the organizations and therefore align the activities with the contexts of the factors.
Challenges a Manager Will Encounter Due to Poor Mastery of the Objectives
A manager who has not mastered the objectives may not be able to position the businesses to gain competitive advantages in the market. Such candidates may introduce duplicating functions which are inefficient and costly to the organization. Lack of mastery of the objectives will deny the manager the ability to critically analyze business situations and hence lack the capacity to organize the products and services in tandem with the existing customer base (Swayne, Duncan, & Ginter, 2012). Lack of accomplishing the objectives will lead to poor communication skills which would disorient the entire departments of the organization leading to poor coordination.
A manager who has not mastered the objectives lacks the ability to understand the relationship between the structure and the political and economic factors. As such, it implies that there is a lack of understanding of policies necessary to influence the operations of the organizations (Larson & Gray, 2011). Such manager will lack the requisite skills necessary to engage in group strategic management process. The management will have problems driving the process of change within the organization making it impossible for the organizations to achieve the set targets. The anger will also lack the appropriate negotiating skills which is crucial for mangers to engage the stakeholders in the introduction of new products or services within the organization (Leape, et al.2009). Overall the manger will be ill prepared to manage an organization with complex structures or organization due to lack of the necessary knowledge and skills.
Questions about the Assignments in Units 1-4
Which criteria do the organizations use to determine the structure?
How do the structures of the organizations affect their operations?
Can the structure of one organization be applied in the management of another?
How can the critical thinking skills be effectively applied to improve the business situations?
How does the understanding of the ethical issues offer solutions that improve the business improvement?
How do the PESTE factors influence the operations of an organization?
How can the business managers affect the performance of an organization in the global business?
Questions about the overarching unit 5 assignment
How does the SWOT analysis of an organization position it to gain the competitive advantage?
Can an organization achieve strategic mismanagement without the application of the SWOT analysis tool?
How is the mission of an organization affect the creation of the long-term objectives?
How can the Toolscorp's strategic initiative be applied actively to improve business management?
What are some of the strategic initiatives to be developed for Toolscorp?
What are the key operating principles necessary for business management?
Plan To Use To Conduct the Research
In carrying out the research, the qualitative and the quantitative process of study will be applied. The qualitative research process involves the use of the questionnaire and the interviews to gather management information. The quantitative process involves the use of the available management data to answer management questions. The identification of the research findings will be achieved through the use of the reliable sampling techniques with the use of the dependent and the independent variables that are relevant to the management research question. An analysis of the acquired data will provide outcomes that will be subject to interpretation leading to the construction of decisions vital for the management of the organization. The analysis will involve the application of the statistical and mathematical skills for the effective conclusion of the information achieved from the research.
The comprehensiveness of the project due in unit 5 will require a proper understanding of the SWOT analysis of the organizations the process involves the creation of the four segments of a rectangle with the left column consisting of the strength and the opportunities and the right column consisting of the weaknesses and threats. The four the box will be composed of two lows and two columns
The strengths of the organizations involve the factors that position the healthcare organization to compete effectively in the provision of the health care. The advantages include the existence of skilled human resources, availability of the medical resources and sate of the art facilities and training opportunities for the medical personnel. The opportunities include the chances for expansion of the healthcare facilities and the good working relationship with the neighboring communities. On the other hand, the weaknesses include the existence of an increasing number of the patients. The main threats come from the availability of other organizations offering the same services within the state. All these have an influence on the performance of the organization
Competencies Developed in the Research and Writing of Project
In the researching and writing the course comprehensive project, I was able to advance critical thinking and analytical skills which are crucial in the analyzing of the business situations. The project has also enabled me to improve the communication techniques as it provided the opportunity for interaction and explanations. The project and the discussion also contributed a lot to the understanding the plans that are critical to the improvement of the business performance. The participation in the object provided an opportunity to listen to the insights from the peers on the global business organization which is crucial in promoting the business management approaches. The participation in the project enhanced the research skills that will influence future undertakings in similar processes.
How Knowledge Gained Contributed in Completing the Comprehensive Project
The knowledge gained in the Intel path assignments was paramount in carrying out the extensive project. The assignments provide comprehensive skills necessary in participating in a project. The jobs provided valuable insights that laid the background for participation in the project.
How Competencies and Knowledge Will Support Career Advancement in Management
The competencies and knowledge will provide a necessary foundation for a career in management. The competencies will contribute greatly in informing the ability to operate organizations by application of the existing resources. A significant contribution to the knowledge acquired is the capacity to communicate effectively with the organization management (Freeman, (2010). The competencies will also be critical in capacity building to improve the analysis of the business situations with the objective to introduce the desired change. The knowledge will be crucial in understanding the influence of the government policies in the management of the organizations. The competencies are essential to offer the necessary information to know how to interact with the organizational stakeholders which are important in the management career.
The competencies and knowledge will inform the ability to create the plans that are necessary for the improvement of businesses during the management process. The information is necessary to understand how the changes in the business structure affect the overall performance of an organization. The competencies also provide necessary information on how to resolve the ethical issues in organizational management. The competencies offer necessary information on how the business managers relate with the communities as a critical segment of the group of stakeholders.
References
Freeman, R. E. (2010). Strategic management: A stakeholder approach. Cambridge University Press.
Jeston, J., & Nelis, J. (2014). Business process management. Routledge.
Larson, E. W., & Gray, C. F. (2011). Project management: The managerial process.
Leape, L., Berwick, D., Clancy, C., Conway, J., Gluck, P., Guest, J., & Pinakiewicz, D. (2009). Transforming healthcare: a safety imperative. Quality and Safety in Health Care, 18(6), 424-428.
Swayne, L. E., Duncan, W. J., & Ginter, P. M. (2012). Strategic management of health care organizations. John Wiley & Sons.
Van Wijngaarden, J. D., Scholten, G. R., & van Wijk, K. P. (2012). Strategic analysis for health care organizations: the suitability of the SWOT‐analysis. The International journal of health planning and management, 27(1), 34-49.
