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Management 11th Edition by Richard Daft
Edition 11ISBN: 978-1285068657Management 11th Edition by Richard Daft
Edition 11ISBN: 978-1285068657 Exercise 2
How do you feel about having management responsibilities in today's world, characterized by uncertainty, ambiguity, and sudden changes or threats from the environment Describe some skills and qualities that are important to managers working in these conditions.
Explanation
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Mangers are the key persons for any organization. They have a great demand in the market, and are expected to be the pillars of an organization. Experienced managers are trained not born, i.e. they have exposure to different situations that make them capable to take right decision at the right time.
Managing a business is not that easy, as there are challenges that come all of a sudden. The uncertainty, ambiguity and sudden change in the business environment is relentless. So, managers to survive in the present business market should possess the new theories and strategies to overcome the hurdles put forth by the business environment.
Having management responsibilities in today's world would be ever challenging. Certain skills are definitely needed to overcome the threat of uncertainty and ambiguity. The skills and competencies that a manager should possess to manage the responsibilities in today's world are as follows:
• Manager should be updated with the technical skills, as the business models in the modern world rely on technology.
• Manger should be capable to interface well with the departments within the hierarchy, and should have all the basic skills that leaders possess to manage their team.
• Manager should be able to identify the issue at the initial stage, and implement the right alternative to overcome it.
• Should be able to screen the available information, i.e., information should be given utmost importance before making a decision.
• Should be able to manage the uncertainty of market, and adapt change whenever necessary.
Managing a business is not that easy, as there are challenges that come all of a sudden. The uncertainty, ambiguity and sudden change in the business environment is relentless. So, managers to survive in the present business market should possess the new theories and strategies to overcome the hurdles put forth by the business environment.
Having management responsibilities in today's world would be ever challenging. Certain skills are definitely needed to overcome the threat of uncertainty and ambiguity. The skills and competencies that a manager should possess to manage the responsibilities in today's world are as follows:
• Manager should be updated with the technical skills, as the business models in the modern world rely on technology.
• Manger should be capable to interface well with the departments within the hierarchy, and should have all the basic skills that leaders possess to manage their team.
• Manager should be able to identify the issue at the initial stage, and implement the right alternative to overcome it.
• Should be able to screen the available information, i.e., information should be given utmost importance before making a decision.
• Should be able to manage the uncertainty of market, and adapt change whenever necessary.
Management 11th Edition by Richard Daft
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