Contemporary Management Problem Essay Example | Topics and Well Written Essays - 1750 words

Contemporary Management Problem - Essay ExampleOrganizational sustainability depends on efficiency of management team. The organization is not a mere set of employees or top management. Organizational sustainability depends on synchronization between top direct management, middle level management and lower level management. Business management helps to integrate functions of each department to increase the efficiency of service delivery. Business management plays a cordial role to solve slender organizational issues (labour related problem, irregular trade practices, employee disruption, maintaining transparency between each departments works, designing vision and mission statement and maintaining a abiding organizational hierarchy). umpteen companies use Business Crisis Management (BCM) and Continuity Management (CM) to identify and solve business related problems. Centrality of management functions revolves around few departments of the organizations. various departments (like production, marketing, finance, operation) play pivotal role to decide the dynamics of business management. Business management plays important role in solving people related issues of management. Many organizations have expireed due to poor performance of top level management in last few years. ... Learning organization concept has been used by many management research scholars to distinguish between successful and failed organizations. Learning organization can be described in the following manner. The organization gives richness on acquiring or creating and transferring information and knowledge (Porth and McCall, n.d.). Four key things are important for a learning organization. They are- 1-problem solving in an ethical and systemic manner, 2- encouraging new thoughts or process to change the management functions, trying to learn from past mistakes committed by other organizations, 3- trying to maintain equipoise between good business practise by other organizations and self evaluation, 4- maintaining transparent communication dynamics across the organization. Free flowing communication exemplification helps to spread the knowledge across every department of organization (Garvin, 1993, p. 81). Many organizations failed to maintain a steady business policy to create a sustainable organizational structure. Various management problems are explained in the following section. Organisational structure (problems regarding management hierarchy, board members are not very clear about their responsibilities, overlook of communication between different functional departments). Leadership (organization is running without any mission and vision statement, organization is managing business without any long term objectives). pauperization (lack of motivation among employees to perform a particular task, lack of support from the top level management creates communication gap between them and employees). Business ethics (many companies fail to maintain fair business