ORGANIZATIONAL MANAGEMENT



Organizational Management and People

Organizational Management and People

Introduction

The present era has given many challenges to the business organizations. The management of the organization in an efficient and effective manner has become great challenge. The business owners and higher level authorities try to implement technologies and methods in order to make the management of the organization effective. In today's fast pace of competition around the world, the management of organization has great impact upon the success of the organizations. The way the organization manages it internal process directly influences the profit margins. The organizations who are concerned towards their management systems are found to have competitive positions in the market and the highest market shares. The best management processes definitely enhances the performances of organization and this has ultimately impact upon the satisfaction of the customers and revenues.

Discussion

P's in organization management

The importance of effective and efficient organizational management cannot be denied. Looking the impact of best organizational performances, various theories have been developed. One of the most famous organizational management theories has introduced the concept of P's. The 4P's if implemented in an effective manner gives the organizations with competitive advantages (Charles W., Joseph F., Jr., Carl D. Mc, 2011). These 4 P's are considered as the important aspect of marketing. These 4 P's that assist in best organizational performances involve product and price, place and promotion. These factors of 4 P's are the ones that enhance the management effectiveness in the modern times. The strategies designed in accordance with the 4 P's provide the managers with the guide lines and the ways so that the managers can act upon strategies for the management of their operations. The 4 P's ensures the quality of the operations that have ultimate impact upon the success of the organizations (James, S., 2005). It benefits the organizations by not only providing the best management frameworks, but, it also provides the best competitive advantages to the organizations among the customers (David Needle, 2010). The way how the 4 P's performs is as follows.

Product

The product is the basic aspect that the company desire to offer to its customers. The decisions and policies regarding the product are decided based on the analysis of the customers' requirements. First the target market is identified then the target customers are asked for the features and characteristics that they want from the companies. The aim of every company is to offer the product that best satisfies the needs and requirements of the customers. The satisfied customers become loyal to the company and assist in providing the greater business opportunities to the company in the long term. The company products' features and characteristics are the important aspects that make the company different with that of the competitors. The company strives to make the best product to create its distinctive brand name in the market.

Place

The place is an important aspect in the company's decision to identify the target customer market. The place is an important factor because the delivering of goods sometimes costs ...