Issues in Business Management
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This paper examines several topics in business management, such as management by objective, strategy-culture compatibility, control forms used in an organization and creating an entrepreneurial culture in an organization. Each topic is first defined then examples are given to further explain how to apply the terminology. Additionally, various experts in the various fields are cited and difficulties that firms face when implementing some of these concepts are also noted.
From the Paper:"Benchmarking is useful for most firms. The exception would be firms that for one reason or another are not in a competitive environment. For those firms that are in a competitive environment, they can benefit from benchmarking because the benchmark sets the upper potential limit for the activity in question. Benchmarking therefore has a couple of main benefits. One is that it gives the company a target at which to shoot. The other is that benchmarking allows companies to set goals that are realistic. Having these goals provides extra motivation in part because workers know that those results can be achieved. Without the benchmark, they might feel that their targets are too high, or that there is no reason to pursue them."
Sample of Sources Used:
- McNamara, Carter. (2008). Basics of Action Planning. Free Management Library. Retrieved May 9, 2009 from http://managementhelp.org/plan_dec/str_plan/actions.htm
- No author. (2009). Create an Entrepreneurial Culture Among Your Employees. Score. Retrieved May 9, 2009 from http://www.score.org/culture_employees.html
- Wheelen, T. L., and Hunger D. J.,(2008). Strategic Management and Business Policy, (11th ed) Saddle River, N.J.: Pearson Prentice Hall
Cite this Analytical Essay:
Issues in Business Management (2011, October 26) Retrieved April 18, 2021, from https://www.academon.com/analytical-essay/issues-in-business-management-148506/
"Issues in Business Management" 26 October 2011. Web. 18 April. 2021. <https://www.academon.com/analytical-essay/issues-in-business-management-148506/>