Management and Leadership development Essay Example | Topics and Well Written Essays - 3250 words

Management and Leadership development - turn out ExampleFor instance, managers are able to access the global market through e-commerce platforms and internet marketing. Williams (2011) and Montana and Charnov (2008) twain agree that communication networks have improved the accuracy of strategic planning process by change managers to access and analyses huge volumes of data and in system within seconds . Implementation of technology has decreased the operating cost and improved the productivity through streamlining the business processes (Daft, 2012). Globalization refers to the integration of the economy, cultures, politics, and social systems in to one integrate global economy (Koontz and Weihrich, 2010). Globalization has been facilitated by advancements in technology, deregulation of national markets and migration (Mullins, 2010). Northouse (2010) and Kreitner (2009) believe that globalization requires the managers and leaders to have a global perception in order to attain a c ompetitive adjoin in business (Williams, 2011). Globalisation has increased access to a wider market through deregulation and formation of global business alliances (Williams, 2011). Kreitner (2009) is of the opinion that international employee transfers and access to expatriates requires the leaders to have intimacy of the unique culture, ethical motive and attitudes of the target markets across the globe (DuBrin, 2009). In addition, globalisation has led to increased competition and improvement in the organisational strategic instruction through free burning innovation. The leaders must as well as be aware of pagan differences and customs of the different countries in which the business operates (Kreitner, 2009). Management development Management refers to all activities of the managers that are accommodate at accomplishing the organisational goals (DuBrin, 2009. Managers are tasked with planning, organizing other resources, leading the subordinates, controlling and staffin g the organisation. Management is considered as both an art and comprehension (Lawson, 2008). Management is considered an art since managers use skills and principles in achieving the organisational goals (DuBrin, 2009). Like any other art, management requires personalized skills, sagaciousness and continuous practice of the theoretical skills of management (Northouse, 2010). For instance, the art of management is evidenced in staffing, contract negotiations and move employees. On the other hand, management is considered as a science since it involves the application of systematic body of knowledge that is critical in the management (DuBrin, 2009). Northouse (2010) and DuBrin (2009) points out that the science of management requires managers to make inferences after experiments or continuous observation of the changing scenario in the markets. In addition, management entails the use of scientific methods such as budgeting techniques, bump analysis methods and rate of return on i nvestments in order to make strategic decisions. Managers must also pre-determined guidelines in delegating the work and designing an effective organisational structure (Daft, 2012). Developing the top tier of management is important for the organisation (Hannum, Martineau & Reinelt, 2006). All organisations require the efforts of individual employees to be integrated and coordinated. In addition, organisations should ensure