Management Development Techniques
All business organizations seek to maximize the profitability using the least available resources. The bottom-line in realizing such coveted success is by making their management processes efficient. In this regard, managers will often employ various techniques in developing and improving their existing management styles. This is because new issues always would come up and have to be addressed through the necessary change management initiatives. This study will look at the various techniques that would develop effective management practices for a business organization. The study will discuss the management development techniques, which are necessary for an effective business organization. This significant area of study enhances the effectiveness of organizations in addressing the challenges they face through the development of various management techniques.
Various management development techniques may be employed by organizations in different contexts. This is because various business organizations are faced with dynamic challenges, which may require unique approaches to handle. However, keeping this aside, various management development techniques have been advanced by various authors. Indeed, different schools of thoughts have brought the various management development techniques employed by various organizations. The changing business environment has also brought about new demands in management of organizations. This development has been contributed by issues of business IT, the dynamic global business market, and intense competition among businesses, and the development of business new communication media among others.
This research will outline the various management development techniques, which may be embraced in organizations. The study will outline the various techniques argued by various authored literatures. This study will be crucial in enhancing my skills of training on how effective a business organization can be maintained through employing the discussed techniques. This study will also equip me with management skills and attitudes, which will make me a better business leader in the practice. It would also enhance the progress of management skills among its audience.
Objective of Research
The research aims at establishing various management development techniques, which should be employed in streamlining management in business organizations.
2.0 Literature Review
There are various management development techniques employed by business organizations. This is because, new business challenges have come up, thus making it necessary for the development of new techniques to address these issues with time. In addition, the quest by the business community to develop new management development techniques has also contributed to this. Over the years, the business world has turned global, with many businesses getting to the international market. This has resulted to new management demands to meet the market demands. Authors have advanced different views on management development techniques, and they feel these techniques addresses organizational needs.
Scott and Ulrich (2004) advance on technological innovation and product development techniques of management. They advance that efficiency in management cannot be achieved without technological innovation, and development of products. In their view, this is the best approach to develop an effective management system in any business organization. Their article reviews works on technological innovation, published in various management science publications. The authors emphasize on the need for business organizations to embrace technological innovation and entrepreneurial virtues. In their view, management can only be developed when managers of an organization are open to change and embrace new technology in their capacity. Innovation in technology and development of products of the company is the best technique in boosting the effectiveness of the managerial process (Scott & Ulrich, 2004).
Ravichandran and Rai (2000) also advance on the need to employ management development techniques in boosting the effectiveness of work in an organization. They, however, advance on the need to embrace an IS (Information System) technique in addressing management issues. The article proposes the need to ensure quality output throughout the process of management. This will require the development of an effective information system, and the use of total quality management approaches in addressing these challenges. From authors' perspective, any business in pursuit of excellence cannot underscore the impact of information technology on the market. The view comes from an empirical study; they conducted among organizations, which have employed the information system approach in addressing management issues. They support this technique because of its effectiveness in management. The empirical results collected indicate that a number of organizations, which have done well by embracing the appropriate IS techniques, have faced challenges. These challenges include conformity of the senior management leadership to the system, and inadequate mechanism that fosters learning within these organizations (Ravichandran &...
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