Management and Leadership development Essay Example | Topics and Well Written Essays - 3250 words

Management and Leadership development - Essay Example For instance, managers are able to access the global market through e-commerce platforms and internet marketing. Williams (2011) and Montana and Charnov (2008) both agree that communication networks have improved the accuracy of strategic planning process by enabling managers to access and analyses huge volumes of data and information within seconds . Implementation of technology has decreased the operating costs and improved the productivity through streamlining the business processes (Daft, 2012). Globalization refers to the integration of the economy, cultures, politics, and social systems in to one unified global economy (Koontz and Weihrich, 2010). Globalization has been facilitated by advancements in technology, deregulation of national markets and migration (Mullins, 2010). Northouse (2010) and Kreitner (2009) believe that globalization requires the managers and leaders to have a global perception in order to attain a competitive edge in business (Williams, 2011). Globalisatio n has increased access to a wider market through deregulation and formation of global business alliances (Williams, 2011). Kreitner (2009) is of the opinion that international employee transfers and access to expatriates requires the leaders to have knowledge of the unique culture, ethics and attitudes of the target markets across the globe (DuBrin, 2009). In addition, globalisation has led to increased competition and improvement in the organisational strategic management through continuous innovation. The leaders must also be aware of cultural differences and customs of the different countries in which the business operates (Kreitner, 2009). Management development Management refers to all activities of the managers that are geared at accomplishing the organisational goals (DuBrin, 2009. Managers are tasked with planning, organizing other resources, leading the subordinates, controlling and staffing the organisation. Management is considered as both an art and science (Lawson, 2008 ). Management is considered an art since managers use skills and principles in achieving the organisational goals (DuBrin, 2009). Like any other art, management requires personalized skills, judgment and continuous practice of the theoretical skills of management (Northouse, 2010). For instance, the art of management is evidenced in staffing, contract negotiations and motivating employees. On the other hand, management is considered as a science since it involves the application of systematic body of knowledge that is critical in the management (DuBrin, 2009). Northouse (2010) and DuBrin (2009) points out that the science of management requires managers to make inferences after experiments or continuous observation of the changing scenario in the markets. In addition, management entails the use of scientific methods such as budgeting techniques, risk analysis methods and rate of return on investments in order to make strategic decisions. Managers must also pre-determined guidelines in delegating the work and designing an effective organisational structure (Daft, 2012). Developing the top tier of management is important for the organisation (Hannum, Martineau & Reinelt, 2006). All organisations require the efforts of individual employees to be integrated and coordinated. In addition, organisations should ensure