Business Utilizing Operational Management Practices
The following evaluation is based upon the management practices utilized by a regional insurer and investment firm employing approximately 430 personnel. The organization incorporates many of the fundamental management principles found in most organizations such departmental spans of management, managerial assessment, and conceptions of managerial process control (...
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...erformance (Pryor, et. al., 2011). Initially, the author provides an assessment of organizational management characteristics at a regional insurance and investment firm at which he is employed. This evaluation discussed the basic management practices utilized by the firm and features of the firm’s management structure and principles aligned with Operational Management ideologies. Next, the author investigates principles of Operational Management versus those aligned with the model of Classical Management. After which, a discussion regarding the efficiencies and effectiveness of the organizational management methodologies utilized by the author’s employer is undertaken. Finally, the author explores a differential management system utilized in Chinese organizations featuring the combination of high levels of centralized control with low levels of bureaucracy.
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