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Contents
Management vs Leadership 3
Management 4
Fig. 1 – Managerial Roles 5
Cross Cultural Diversity and Globalisation 6
Hofstede 6
Flexibility 8
Fig. 1 8
Shamrock Model 9
Managerial Theories of the 21st Century
Businesses are all around; they compile the backbone of society’s configuration. Without the innovations and opportunities that are brought by these companies, lifestyle, as we know it, would be a shadow of how it is today. Due to the importance of all businesses to the human race, it is vital that they are nurtured. The majority of businesses are profit driven and in order to achieve this they must have a sound internal managerial structure. As a result, many theories and concepts have arisen throughout the years to aid the management side of an organisation. The by product of such theories and concepts are, fundamentally, to get the maximum output from employees whilst creating a sense of cohesion and serenity. This essay will be looking at such theories and their importance to companies drive for success.
The global market is made up of a web of sub sectors. Businesses are competing with one another in these respective sectors to gain the largest market share. Examples of sectors include fast food, clothing, banking etc. However it is not just the managerial running of a company that defines its success. There are external factors that can influence the policies and decision making of businesses therefore, in order to compete they must be adopt a flexible approach to the demand of the market. Th ...