Working in business management means taking on responsibility to lead your organization in a variety of situations|Course hero helper
Posted: February 16th, 2023
Working in business management means taking on responsibility to lead your organization in a variety of situations. Part of that responsibility is understanding where an organization has been and where it’s going. In this course, you put yourself in the shoes of a manager and use resources to make decisions on where an organization is heading in respect to business needs, organizational structure, leadership strategies, and change management. Some of the information needed may be easy to locate, but other information may take time and effort to find. Some may even need assumptions based on research. These research and strategizing skills will be useful in your business management career.
Note: Some reports are more recent than others. It’s in your best interest to find a company with a recent (within 2 years) report.
Select 1 global company from “Business Source Complete: SWOT Analyses” located in the University Library to use for the next 5 weeks (this will sometimes be referred to as “your company”).
Learn about its history. This will prepare you for your Wk 2 Analysis.
Create a chart or outline that conveys the following information:
- Name of company
- Industry
- Brief history of company
- At least 3 milestones from the company’s history
- 3 resources (in addition to Business Source Complete) where you can locate company information in future weeks. This may include company websites, current employees, journals, etc. about the company’s leadership model, demographics, and use of technology.
- Explore other companies in this industry. Define 1 new unique business opportunity your company can do to increase its competitive advantage.
- Identify a function of management that is needed for this opportunity.
SOLUTION
hers, and some sources may be more credible than others. It’s important to carefully evaluate the sources you use to ensure that the information is accurate and reliable. Additionally, it’s important to consider the context and potential biases that may be present in the information.
When making decisions about where an organization is heading, it’s also important to consider the organization’s values and goals. What does the organization stand for, and what does it hope to achieve? By keeping these things in mind, you can make decisions that align with the organization’s mission and contribute to its long-term success.
In addition to research and strategizing skills, effective communication skills are also crucial for business management. As a manager, you’ll need to communicate with a variety of stakeholders, including employees, customers, investors, and other leaders. You’ll need to be able to convey your ideas and plans in a clear and compelling way, and to listen and respond to feedback and concerns.
Finally, it’s important to be adaptable and open to change. The business world is constantly evolving, and as a manager, you’ll need to be able to adapt to new technologies, shifting market trends, and other changes that may impact the organization. By staying flexible and willing to learn, you can help ensure the long-term success of the organization you lead.
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