n India, there is an old story that tells the tale of six blind men and the elephant. The first blind man grabs the trunk and says the elephant looks like a snake, the second blind man grabs the elephant 's leg and disagrees, saying it actually looks like a tree. Neither of the men are technically wrong subjectively, but neither are absolutely right either. In management, what is most important aspect of business? Is it ensuring the highest product quality? Is it making sure everyone get 's a chance to voice their opinions? Or more simply, is it the bottom line? Depending upon where you work, or where you are from, these may or may not be the most important values. Business, much like the elephant in the story of the blind men, is different …show more content…
For instance, the idea of a strict hierarchical management structure focused on the most technically proficient individual ascending to the top might be met with laughter first and then strong opposition. In Australia, management is not seen as a respected status to attain, rather, being a manager is just another job for another person. (“Business Management Style in Australia and Doing Business in Australia. :: World Business Culture”) Instead of approaching “subordinates” and telling them what to do, management takes on more of consulting role, laying out the task at hand, explaining what 's at stake and the potential rewards for the staff and company while leaving room for everybody on the team 's comments, complaints and suggestions. In fact “employees expect to be consulted on decisions that affect them and the greater good of the organization.” (“Intercultural Management – Australia”) The manager just serves as the final decision in the debate. But while Australian management might be significantly more democratic in their decision making processes, they are still expected to meet strict time schedules and deadlines. A successful manager in Australia will communicate directly and openly as one of the crew listening to and debating their team 's ideas but while harnessing the talent of their workers forming them into an empowered, cohesive, albeit rowdy
Management writes the rules and sets the goals for the organization. Management is often critical of failures and expects only success" (Kumle & Kelly, 2006, p. 11). Management handles the day-to-day complexities of organizations. Budgets, planning, meeting with investors, organizing, and maintaining company traditions all fall under management responsibility. As an organization grows managers tend to lose touch with employees. Managers think in terms of profit, goals, and company growth. Management operates on a need-to-know basis and can easily incite fear in their subordinate employees. Rumors of downsizing or a change in an organizations direction can often be eliminated by managers being more open with employees. Management has a tendency to protect itself at the expense of others. According to Kumle and Kelly (2006), " many managers are overly concerned with fitting in and not rocking the boat, those who emerge as leaders are more concerned with making important decisions that may break with tradition but are humane, moral and right" (p. 11). Good managers are also good leaders and tend to hire good leaders to represent them.
prove to be blind when it comes to the world they are in. By looking
Carver progresses the narrator’s tone throughout the story, from disdainful to cautious to introspective by developing his relationship with Robert, and forcing them to interact with each other, to express that false presumptions about strangers, based on someone else’s experience or stories, can be misleading.
Business ethics is one of the most important aspects of business. It consists of the moral/underlying principles of conduct that must be practice...
In my conclusion, business ethics is the key to a successful business. Personal values plays a main factor to help you in business. “Whatever you do, work hearty, as for the Lord and not for men” (Colossians 3:23). In my business and personal life, I will make sure everything I do is from the heart and for the Lord. I will never put materialistic things over the works and calling of the
The Element of Blindness: Failure to see clearly alters the perception of an event and limits one’s knowledge of their surroundings. Nothing is what it seems, causing an inconsistency in the truth which leads one to question the vision. Everything then becomes twisted and not what it seems, causing an inconsistency of the truth and leading one to doubt their vision. This scenario can be compared to the recurring theme in Ralph Ellison’s, The Invisible Man. Throughout the novel, nothing is ever quite as it seems to the narrator as he struggles to understand the truth about society and ultimately himself.
We probably all agree that the primary objective of any business is to achieve revenue and attain a certain profit. But then here is the question that we might ask, is profit the only element that should be considered when making business decisions? In my point of view the answer is no as I will try to demonstrate throughout this paper. One quick alternative of what should be the first top priority of a business is creating a customer as Dr.Peter Drucker said. According to him “The customer is the foundation of a business and keeps it in existence. He alone gives employment. To supply the wants and needs of a consumer, society entrusts wealth-producing resources to the business enterprise.” (Santayana, George. Is The Tyranny Of Shareholder Value Finally Ending? )
Managers are not only interested in status quo, but also production, expansion and growth. Management was a system to control machines. Leadership can never be controlled. Where one sits in life determines what you see. To be a good manager one must look at views from different perspectives. As situations change, leadership relations change. Leadership cannot be transactional. It can only work if both parties keep their agreements. A class survey was held to compare leaders to managers. The overall opinion was that they are similar in many ways. A leader and a manager can be one in the same. The difference be...
Twist of Fate A twist of fate is an ironic situation that creates an unexpected outcome that affects each protagonist of the story. All of the protagonists in the short stories are affected by a twist of fate. The story “ A Man Who Had No Eyes” is based on a beggar and a wealthy man who survived the same tragic incident many years back and lost their vision. “Borders”is based on a native mother and son who face challenges trying to cross the Canadian and American borders.
Focusing on the benefits to the business organisation, this is a very important concept for them to gain their maximum potential profits and the success of the business as a whole.
Every organization uses different business strategies in order to remain in business. Some adopt customer- centric strategies; some uses strategies to maximize their profit. For a long time, many organizations have made quality as their selling point.
For a business to be effective and running, ethics and values are important factors. Both of these factors work in correlation with one another and they are central to any organization. We then define ethics as moral principles that govern a person’s behaviour. This can be identified on how stakeholders (consumers, customers and shareholders) behave in the organisational environment. Edward Westermarck (Lee and John 1986 37-38) agrees in saying that ‘ethics are concerned with doing good or the right thing in a given human situation’. In the business context, ethics has to do with the extent to which a person's behaviour measures up to such standards as the law, organizational policies, professional and trade association codes, popular expectations regarding fairness and what is right, plus one's own take on moral standards (Sauser, 2005: internet).
“Values are the beliefs of an individual, group, or organization, in which they are emotionally invested” (Carpenter, Bauer, & Erdogan, 2015). Many organizations consider corporate values strategically import for building their company’s reputation and keeping the customers’ confidence and allegiance. That, however, is only a tiny portion of the strategic benefits that organizational values can offer. “Further benefits include:guidance for decision-making on all levels, selection criterion for new employees, driver for individual and corporate behavior on all levels supporting the vision, mission, and goals of the company, and effective definition and implementation of core values” (Gupta, 2015). Values within a company need to be more than just a few words that sound nice to ensure overall acceptance within an organization. “Effective core values need to be emotionally appealing and workable” (Gupta,
Business ethics, the application of morals into the business field. This is why business ethics are so important overall in businesses, without ethics there would be so much corruption and bad businesses with people working in them that are also unethical. With business ethics in the not only the workplace but overall the whole company a company can grow and at the same time show that they are. At the end of the day when people and whole company have good business ethics, treat their employees and their customers right, know what is morally wrong, that is when business will be as