Management and Leadership development Essay Example | Topics and Well Written Essays - 3250 words

Management and Leadership development - Essay ExampleFor instance, managers are able to approach the worldwide market through e-commerce platforms and internet marketing. Williams (2011) and Montana and Charnov (2008) both agree that communication networks have improved the accuracy of strategic planning process by change managers to access and analyses huge volumes of data and information within seconds . Implementation of technology has decreased the operating costs and improved the productivity through streamlining the business processes (Daft, 2012). globalisation refers to the integration of the economy, cultures, politics, and social systems in to one unified global economy (Koontz and Weihrich, 2010). Globalization has been facilitated by advancements in technology, deregulation of national markets and migration (Mullins, 2010). Northouse (2010) and Kreitner (2009) believe that globalization requires the managers and leadinghip to have a global perception in order to att ain a competitive edge in business (Williams, 2011). Globalisation has increased access to a wider market through deregulation and formation of global business alliances (Williams, 2011). Kreitner (2009) is of the opinion that international employee transfers and access to expatriates requires the leaders to have knowledge of the unique culture, ethics and attitudes of the target markets across the globe (DuBrin, 2009). In addition, globalisation has led to increased competition and improvement in the organisational strategic management through continuous innovation. The leaders must also be aware of cultural differences and customs of the different countries in which the business operates (Kreitner, 2009). Management development Management refers to all activities of the managers that are accommodate at accomplishing the organisational goals (DuBrin, 2009. Managers are tasked with planning, organizing other resources, leading the subordinates, controlling and staffing the organis ation. Management is considered as both an art and intelligence (Lawson, 2008). Management is considered an art since managers use skills and principles in achieving the organisational goals (DuBrin, 2009). exchangeable any other art, management requires personalized skills, judgment and continuous practice of the theoretical skills of management (Northouse, 2010). For instance, the art of management is evidenced in staffing, contract negotiations and motivate employees. On the other hand, management is considered as a science since it involves the application of systematic body of knowledge that is critical in the management (DuBrin, 2009). Northouse (2010) and DuBrin (2009) points out that the science of management requires managers to make inferences after experiments or continuous observation of the changing scenario in the markets. In addition, management entails the use of scientific methods such as budgeting techniques, venture analysis methods and rate of return on inves tments in order to make strategic decisions. Managers must also pre-determined guidelines in delegating the work and designing an impelling organisational structure (Daft, 2012). Developing the top tier of management is important for the organisation (Hannum, Martineau & Reinelt, 2006). All organisations require the efforts of individual employees to be integrated and coordinated. In addition, organisations should ensure