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Essay: Challenges faced by managers

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  • Subject area(s): Business essays
  • Reading time: 3 minutes
  • Price: Free download
  • Published: September 15, 2019*
  • File format: Text
  • Words: 773 (approx)
  • Number of pages: 4 (approx)
  • Challenges faced by managers
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Managers face challenges everyday as part of their jobs. Managing so many integral aspects of an organisation can be very challenging on a daily basis due to the many moving parts within a business. Modern organisations are reshaping management, and while doing so, make a manager’s job much more challenging, managers now have to find new ways to maintain control in times of uncertainty, and motivate staff in order for the business to function efficiently. Technology is a big part of modern business, technological advances have man globalisation much more convenient, however it also comes with a lot of threats that could have a negative effect on the business.

Generally business theories consider a perfect world however realistically business comes with a lot of uncertainty. Modern managers have it harder than most as there has been so much change in the last century from social and demographic trends, to globalisation and technological advances.(Lecture 9, Slide 9) During times of such drastic change managers are increasingly called on to manage a VUCA environment.(Lecture 9, Slide 7) VUCA is an acronym used to represent volatile, uncertain, complex, and ambiguous situations, which can frequently occur in the business world and are similar to Black Swan events. Black Swan events are almost impossible to predict but have a large impact on the organisations due to the environmental uncertainty and complexity of current times (Taleb et al, 2009) Many business tend to focus their attention on a few extreme situations and disregard the lower probability events, however by doing so they are opening themselves up to further risk. Modern organisations are limited in their time, resources and capabilities, it is impossible for any organisation to cover every threat that may appear as it could distract them from reaching their own goals. Managers must find a balance between planning for uncertainty while still being able to progress and grow.

Previously, managers and leaders were seen as roles that each had their own duties towards bettering an organisation. Managers now have to take it upon themselves to become both leaders as well as managers especially during times of change. Managers are faced with many issues or obstacles as they carry out the management functions of planning, organising, leading and controlling. Motivation is at the core of information sharing, teamwork, flexibility and leadership, all of which are essential to an organisation’s success (Lecture 1) Managers are expected to communicate the organisation’s vision, lead change within the business, and build the team to become high performance workers. The ability of a manager to deal with under-performers is a critical management skill. Demoralised, demotivated employee can easily dampen the whole attitude of a team. With so much on going change businesses need to be constantly adapting to the business environment and implementing new ideas and techniques within the organisation. Leading and motivating change can be very challenging. Managers need to be able to create a vision and get the staff so invested in the vision that they are willing to adapt. The key to motivation is communication, repeatedly telling them the plan of action creates a powerful coalition, involving them in the development of the idea will create a sense of devotion. Train the staff in order for them to be able to undertake change, offering support and facilitation will decrease resistance as it will not be such a daunting idea. (Lecture 7)

During a time of such change and innovation, companies began to take their businesses global. Globalisation is a challenging aspect of business, especially for managers, as it can have both positive and negative outcomes for the organisation. Managers have to understand how to properly approach globalisation in order for it to succeed, in doing so one must take into account cultural differences. (Lecture 10) Managers need to plan how to integrate their organisation into a new culture, they need to realise it is about more than just financial opportunities and focus on creating a strong ground for business to succeed. Intercultural communication is vital in this sense, it is not only knowledge but a skill it should be to prompt attitude integration. Managers should invest in the people, training and upskilling their workforce, this ensures that the benefit of the globalisation will extend to all countries involved. It is important for a manager to have appropriate knowledge of business practices and the geographic market within the country in order to develop an effective global strategy.

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