Within modern management thought, there are a number of theories and opinions about the most effective leadership styles in management. There is no definitive answer for which theory works best in every situation, so it is important to understand multiple styles of leadership and the situations they are well-suited for. Listed here are three prominent ...
The four functions of management include planning, organizing, leading, and controlling. Bateman & Snell (2009). It takes incorporating all four management functions into a manager’s strategy to be an effective manager. Business is constantly changing as is the specifics of management. “There are still plenty of timeless principles that make great managers, and great companies, ...
There are several different leadership styles that can be used by effective managers, as well as several theories on how leadership styles are determined. The leadership style that is most effective for a particular manager will depend on the manager’s personal preference, the type of work performed by employees, and the knowledge, skill, and motivation ...
The Supply Chain Management (SCM) framework is based on a functional model of the SCM system. It is a development tool that assists in the development of a well-integrated SCM system in an organization. The framework consists of several components that define key functions, processes, and best practices. Organizational behaviors like SCM enablers support the ...
The movie 12 Angry Men created over 50 years ago still helps today to describe group dynamics. This jury was given a task which could take a man’s life, or set him free. The mood is apparent at first when the majority of the men vote “guilty” and it almost seems as this man’s fate ...
The emergence of financial management as a distinct management discipline is relatively recent and linked to changes in business and socio-economic scenario, brought about by the advancements in computer and information technology, emergence of multi-product and multi-division corporations with complex and dynamic organizational set-ups, increasing global competition etc. Finance, no doubt, is the sine qua ...
Perception and decision making are both very important aspects of organizational management. “Perception is a process by which individuals organize and interpret their sensory impressions in order to give meaning to their environment,” (Robbins, 2005, p. 134). According to Robbins (2005) decision making is when one has to decide something based on two or more ...
On Thursday, March 1, 2007, severe weather broke out across the deep south. The storm system was forecast the entire week with blizzard conditions for the midwest and tornadic activity in the south. In Alabama, schools will let school out early or cancel school all together if the Storm Prediction Center in Norman, Oklahoma predicts ...