Innovations in Corporate Management


Term Paper, 2004

7 Pages


Excerpt

Table of Contents

Abstract

Introduction

Cross-Functional Teams

The Six Sigma Approach

Changing Demographics in the Workforce

Conclusion

Figure 1

References

Abstract

Thanks to globalization, today’s business world is increasingly competitive. In fact, “today, organizations around the globe are operating in an unprecedented, highly competitive seller's market. “ (Earle, 2003, p. 244) Because of this competitiveness, management’s role is an evermore-crucial component of the organization’s success. Management is the driving force behind the organization. They not only establish the direction in which the company will go, but also they are responsible for leading it’s fellow members on that course towards the end goals they’ve created.

By discussing the innovations in corporate management, one can better predict what may be needed for an organization to be successful in the future, as well as how the role of management may change. Emerging management concepts need to be included in this analysis, as well as the changing demographics of today’s workforce. The next step is to then evaluate how these trends will affect the four basic functions of management, planning, organizing, leading, and controlling.

Innovations in Corporate Management

Introduction:

Thanks to globalization, today’s business world is increasingly competitive. In fact, “today, organizations around the globe are operating in an unprecedented, highly competitive seller's market. “ (Earle, 2003, p. 244) Because of this competitiveness, management’s role is an evermore-crucial component of the organization’s success. Management is the driving force behind the organization. They not only establish the direction in which the company will go, but also they are responsible for leading it’s fellow members on that course towards the end goals they’ve created.

By discussing the innovations in corporate management, one can better predict what may be needed for an organization to be successful in the future, as well as how the role of management may change. Emerging management concepts need to be included in this analysis, as well as the changing demographics of today’s workforce. The next step is to then evaluate how these trends will affect the four basic functions of management, planning, organizing, leading, and controlling.

Cross-Functional Teams:

Emerging management concepts are an important aspect to consider when discussing innovations in corporate management. Managers have begun to utilize cross-functional teams, to help their organizations be more competitive. These cross-functional teams are able to drive new development. They also have the ability to create more profitable product that can extend an organization’s brand, or even expand that company’s reach into an entirely new business category. (Horowitz, 2003, p. 17)

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Excerpt out of 7 pages

Details

Title
Innovations in Corporate Management
College
University of Phoenix
Author
Year
2004
Pages
7
Catalog Number
V57781
ISBN (eBook)
9783638521185
ISBN (Book)
9783656812593
File size
436 KB
Language
English
Tags
Innovations, Corporate, Management
Quote paper
Kimberly Wylie (Author), 2004, Innovations in Corporate Management, Munich, GRIN Verlag, https://www.grin.com/document/57781

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