Management Principles

Management Principles

Part 1

It is the responsibility of managers to have an eye on market conditions in order to be successful in the market. Functional structure is defined from different functions of organization. The product of the company should be different from other available products in the market. The conditions upon which managers take action to change the structure are, when organization is preparing faulty or low quality products as compared to other products in the market (Winata, 2013). Geographic structure is necessary to evaluate in order to advertise the product internationally. Managers change from functional to geographical structure when organization needs to advertise their products in international market.

It is the responsibility of managers, to conduct market survey before launching the product in market. Managers change from functional to a market structure strategy when company wants to hit whole market. Walmart at initial phases did not advertise their products internationally. After that the managers of Walmart took a decision to spread their business in international markets and use geographical structure for this purpose.

Part 2

Management of organization use some performance analysis procedures to assess the performance, it includes goals of organization, financial measures, and budgets of operation. The utilization of performance parameters depend upon the condition of organization or nature of organization. Mostly, organizations design some targets for their employees that have to be met by employees in order to get their salary (Winata, 2013). In this situation, organization managers monitor the performance by monitoring the statistics of the company. Some organization set some goals for their employees and their performance examine by employee's level of goals achievement. In this scenario managers monitor the performance by the achievement of organization or in other words performance of employees is related with performance of company.

In some cases, organizations do not provide absolute budget for the project and managers have to manage the project in the budget provided by the company, it is also called operating budget. Managers have to evaluate the performance according the performance of employees in a certain budget provided by the company (Winata, 2013). Operating budget and organizational goals are related with each other because both measurement assignments have to be followed by organization's employees. Mostly the budget provided by the organization is not well enough for the goals sets by the company. So, the employee perform well in limited budget provided by the organization can get the attention of higher management.

Part 3

Leadership is the quality of person to lead the people under a person. In organizations, the management is an inspiration for other employees in different departments of organization. Management and leadership are two different fields. The role of manager is different from leader because manager job of manager is to organize, coordinate and plan, but leader job is to inspire and motivate others for a certain cause (Goudarzi, 2013). Manager focus on structure and system of organization but leader mainly focus on people. It is fine that manager act as a leader for the ...