MANAGEMENT



Managing Holistically & Traditional Vs Systematic Approach



Contents

Managing Holistically1

Introduction1

Discussion1

Part 11

Brief about the organization1

Description2

Holistic Management Approach3

System of Systems Methodology (SOSM)4

Application of SOSM Model on Fashion Fabrics Ltd4

Viable Systems Methodology (VSM)6

Implementation6

Differences in Simple & Complex Systems7

Recommendations7

Co-ordination8

Recommendations8

Control8

Recommendation8

Intelligence gathering9

Recommendations9

Policy9

Recommendation9

Strengths of Holistic Management Approach10

Weaknesses of Holistic Management12

PART 213

A Case of Doha Bank13

Contrasting A Systemic Approach With The Traditional Approach Of Banking13

Managing the Value Chain13

Contrasting The Traditional Approach To The Theme With The Systems Approach16

Profitability19

Liquidity19

Accounts Protection20

Investment Services and Motivations to Invest20

Banking Services21

Economic Development21

Conclusion22

The case of Fashion Fabrics23

References25

Appendices28

Diagram A28

Diagram B28

Diagram C29

Diagram D29Managing Holistically & Traditional Vs Systematic Approach

Introduction

Allan Savory, after thorough analysis of the factors causing degradation of ecosystems, realized that it is not the overpopulation or unhealthy farming practices behind the decline of healthy ecosystems. He concluded that most of the basic environmental issues arise because of poor management decisions (Savory, 1999, pp 10). Therefore, according to him, ecosystems can be protected only by altering the ways in which decisions are made.

Furthermore, Savory points out that a more wholesale strategy is important in this regard. He also proposed a new approach in decision-making, most popularly known as Holistic Management. This process provides a framework for decision-making to people, along with considering their social, economic, and environmental circumstances. Therefore, it is considered to be helpful and appropriate for any organization. Holistic Management is termed as a process of categorization and utilization of the available choices and tools on an everyday basis (Butterfield, 1994, pp. 4).

Discussion

Part 1

Brief about the organization

Fashion Fabrics Ltd. is a based in Sharjah, UAE. It is a small firm which deals mainly with retail textiles. Therefore, we can classify it as sub-system. It was founded by two brother entrepreneurs back in the year 1975.

In the early 1980s, the competition in retail textile market was insignificant. There was no issue of attracting and customers and thus, the business of Fashion Fabrics grew at a steady pace. The founders were able to make huge capital investments. It was during this exciting earlier phase that the two brothers soon came up with two more branches in emirates. The size of earnings of the brother founders grew rapidly and they reputation in the market rose very high.

Description

Human beings are generally inclined to respond to problematic situations by isolating them or subdividing them into smaller, more controllable parts. This technique may be useful in some aspects, while at others it limits their capacity to view problem 'holistically' and creatively. The Holistic Management approach by Savory, however, presents a more comprehensive problem solving methodology, which consist of several ranges. These can be chosen from the System of Systems Methodologies (SOSM).

In this section, I shall present the practical use of Holistic Management approach by linking it to the real-life organizational context. Moreover, I will discuss the outcomes of use of Soft Systems Methodology, particularly, the application of Viable Systems.

VSM (viable system model) is defined as one of the fundamental value-based service systems. Stafford Beer (1960) was the pioneer in developing viable system, which is defined as a system ...