I. INTRODUCTION
The quality of management in an organization determines how well a company will do. According to Taylor, Fayol, Weber and other classical theorists, there is a single best way for organization to be structured. The challenge to that idea is known as the contingency theory, which states that there is no one best way to organize your structure. I believe that the contingency theory is correct, but that in some cases, different approaches work better than others. In this paper I will be discussing three important management functions that I believe if implemented, will help lead to having a very successful organization. I will also be comparing them to three other ideas that are not quite as effective. The three
…show more content…
Stretch goals however are very hard to achieve, therefore the employee is not able to be lazy if he hopes to attain them. With stretch goals, you are constantly trying to find the most effective and efficient way to reach these goals. For example, if a company has a goal of zero waste, that would be a stretch goal. Even though it is scientifically impossible to have zero waste, it would be more effective than an incremental goal of 5% decrease per year, because it keeps the company in a constant battle for greater improvement.
IMPLEMENTATION. Stretch goals are good for a company to have, but using them effectively may be easier said than done. In order for stretch goals to work, the employee must feel highly motivated to achieve them. This can be done two different ways. The first way is to have a fair rewarding system in place, the equity theory is crucial here. The other way is by having the subordinate take part in the decision making process. If they are a part of it, then they are more apt to work harder to achieve the goals that they came up with, instead of goals from a top manager that they are just told to accomplish.
III. DECENTRALIZED STRUCTURE
A decentralized structure is one that empowers middle managers by taking control away from top managers and allowing the middle managers to make decisions for themselves. Managers at high levels give lower-level employees the responsibility to make
As a Naval Officer I had the opportunity to experience both leadership and management. Today's Navy operates with fewer people and resources than before. Therefore, leadership and management are more important than ever. Very early in my career I was taught leadership and as I advanced through the ranks I experienced management.
To organize and prioritize the current and future projects in the pipeline in a way that fits into the PMB budget of $5B, and ensures projects that increase sales, growth, and stockholder value are of top priority, whereas projects that are not beneficial are either put on hold or discarded.
The financial department have been asked to carry out analysis all invoices from the past year to provide data on where wastage is taking place.
Within this assignment I will describe my understanding of the links between management and leadership, the skills and styles of management and leadership, the application of management and leadership theories in an organisational context and planning for the development of management and leadership skills.
They must be specific, measurable, supported, and achievable. These goals will be motivators for the immediate time to come. Unobtainable goals are discouraging and provide no real way to achieve company goals.
Many healthcare organizations worldwide are striving to achieve magnet designation. Having the magnet title is essential because it recognizes healthcare organizations that act as a “magnet” for excellence by establishing a work environment that identifies, rewards, and promotes professional nursing (ANCC Magnet Designation, 2012). A magnet hospital is considered to be one where nursing provides excellent patient care, where nurses have a high level of job satisfaction, and where there is a low staff
The current and growing shortage of nurses is posing a real threat to the ability of hospitals, long-term care facilities, and others to provide timely access to quality care. Nurse staffing shortages and nurse turn-over contributes to the growing reduction in the number of staffed patient beds available for services, increasing costs, and rising concerns about the quality of care. Health care organizations highly depend on nurse managers and leaders to reverse this trend. This paper discusses the reasons for nursing shortage and turn-over, different approaches to solve this issue, and my personal philosophy about this issue.
Edwin Locke and Gary Latham will be the first ones to openly admit there are active limitations with the goal setting theory. It is not uncommon for individual goals to conflict with organizational goals. Moreover, research has proven complex goals have sparked motivation in teams to implement strategies with substantially high amounts of risk (Knight, Durham, & Locke, 2001). Sometimes people will believe higher risk strategies produce the greatest returns, yet high-risk goals consistently result in failure as well (Knight et. al, 2001). Additionally, when individuals simultaneously create two goals there is a greater chance they exert too much energy and focus on achieving just one of those goals. This can lead to one of the goals not receiving enough attention, which can potentially result in the person failing to reach the end result in either goal. In short, these are three common limitations of goal setting that typically draw concerns from other researchers and theorists. However, it is important people are aware of the limitations that do not receive as much attention, such as team goal setting, unethical behavior in high performance goals, and subconscious goals.
1. To be honest, I think stretch goals are not appropriate because it will cause the companies staff/employees to be very overwhelmed, and eventually get burnt out from their positions. I recently read a article on stretch goals, it stated “the enormity of the problem causes people to freeze up, and the extrinsic motivator of money crowds out the intrinsic motivators of learning and growth.” I understand why this would be issues due to the fact that each worker could potential be avoiding the growth of their careers by focusing so hard on their stretch goals they are trying to reach. Though, I am siding with stretch goals not being appropriate I also want to address I do believe stretch goals could be possible in the right situation and/or
Leading is defined and having to influence the people in the team to get the job done, molding the company and managing conflict and team communications
A successful person chooses goals to achieve something that is of great value and importance to them. This in turn motivates the person to achieve the goal because when the desired outcome is very important to a person, that person will be determined to persevere. Goal setting also improves a person 's organizational and time management skills because goal setting requires prioritization and that leads to the successful and sequential completion of necessary tasks. Once a person defines and prioritizes goals a plan should be drawn out detailing how this goal will be achieved. Goals and the time-line for their completion should be clearly defined, it is also important that a person 's
Hogan, M. (2014, June 16). 6 qualities of bad managers that send employees running. Retrieved from http://www.ragan.com/Main/Articles/6_qualities_of_bad_managers_that_send_employees_ru_48433.aspx
In a centralized organizational structure one individual is responsible for making all the decisions and maintains control of the company by giving direction. While Decentralized organizational structures often rely on several persons with the authority to make final decision for the company’s well being. Some benefits associated with a centralized organization are as follows: Reduction in cost in the work environment, having a focused vision on one common goal and Reduction in conflict. A Few drawbacks of a centralized organization include, No secrecy because all ideas and decisions are conveyed to all, No special attention and Delay in work. Advantages associated with Decentralization are; Huge relief is provided off the top managers, Greater use is made of employees skills and Decision making is left up to educational and well informed people.
Controlling Process in Management Controlling is directly related to planning. The controlling process ensures that plans are being implemented properly. In the functions of management cycle - planning, organizing, directing, and controlling - planning moves forward into all the other functions, and controlling reaches back. Controlling is the final link in the functional chain of management activities and brings the functions of management cycle full circle. Control is the process through which standards for performance of people and processes are set, communicated, and applied.
In today’s ever changing economy, society’s idea of management is becoming increasingly more difficult to sustain with the continuous demands of the position. A successful manager must have a certain level of expertise and problem solving techniques to carry out the daily tasks required. Over the years, there have been various ideas on what management is, such as planning, organizing, leading and controlling.