Management Strategies

[Name of the Institute]

Management Strategies

Question# 1

In the context of the contemporary global business environment there have been several drastic changes in the organizational structure of the business environment. The phenomenon of globalization has dynamically altered the standard operation procedures in the majority of the global companies, as these organizations now have to function in the global consumer market. The main benefit of globalization has been the enhancement in the consumer base of the organizations; however it has also made the companies highly sensitive to the volatile changes in the global business environment (Hannan & Freeman, 1984). One of the major impacts of the process of globalization has been the drastic increase in the empowerment levels of the global consumer base, as they have access to a variety of competitive brands. In this regard the businesses no longer have access to a stable business environment, where the consumers are loyal to one brand. In today's global business environment the businesses continuously have to monitor the highly dynamic consumer trends and behaviors and modify their services/products accordingly so that they are able to maintain a positive brand image and a strong consumer market.

The 'why' of breaking the organizational status quo is focused on making the relevant changes to the organizational structure as per the global consumer behavior trends. The other important question that the companies should ask is the 'How'. After the companies understand why they have to change and break the organizational status quo, the most relevant question should be focused on how these changes would be made and what would be the relevant resources required to make such changes. In the process of continuous improvement such questions have to be asked by the senior management of the organizations.

Question# 2

I believe that the most important component of any successful organizational initiative is based on the proper communication of the objectives and the participation of the relevant stakeholders. In this perspective as an executive manager, my first action to implement the quality improvement initiate in the company would be based on effective communication. I would seek to make the organizational structure highly horizontal in nature, where there isn't too much emphasis on bureaucracy. Instead of developing highly vertical management structures where any organizational initiative has to travel multiple layers of management, before an action can be taken upon it. I will initiate an open communication culture within the organization, where every employee would be given the opportunity to take an active role in the decision making process. This would allow any process of improvement to become sustainable.

I would also focus on developing a team based culture in the organization, as I believe that this initiative is a significant component of any improvement plan. The existence of the team entities within the organization have a significant impact on the efficiency of the decision making process and the ability of the company to identify and react to the organizational environment. The quality in an organizational perspective is dependent on the view of the ...