Business Management of Organization Assignment Example | Topics and Well Written Essays - 1000 words

Business Management of Organization - Assignment Example In order to respond to these challenges, managers are developing new institutional designs, which include multi-firm collaborative networks and self-managing teams (ASTD Press, 2006). Managers have come up with creative ways of thinking and addressing a firm’s management processes and strategies, encompassing new methods of talent management, performance management, ethical leadership, and entrepreneurship. This paper will seek to discuss about business management of an organization by looking into prospects like strengths of a future manager. Strengths as a Future Manager As a manager in the future, one must cultivate strengths that consist of the ability or position to find and capitalize on an employee’s unique characteristics. Generally, great managers revolve one guiding principle, which seeks to understand how to transform an employee’s unique traits or talent into satisfactory performance. This is so because, the way to success follows the ability to chang e unimaginable trait into a realistic action (Drucker, 2012). In addition, for one to become a successful manager in the future, he or she must possess strength of inspiring employees. Inspiration, according to business analysts, is a crucial yet a rare aspect of management. Strong managers are brilliant enough to spot the unique differences that separate certain employees from others and have the capability to lead via example (Cherry, Connor, & Earner-Sparks, 2011). Leading as an example act as an inspiration on the side of employees. Inspiration plays a pragmatic role in achieving the set goals of an organization. The ability to lead is an atypical thing as it is inborn. As such, becoming a strong and successful manager in the future requires distinct optimism and keenness. A strong manager should therefore harness deep-seated belief in his actions (ASTD Press, 2006). Business sociologists claim that one of the biggest fears of a human being is the fear of the future. In modern-d ay leadership, managers traffic in the future. Analysts point out that managers can overcome the fear of the future by building confidence within themselves and passing it in their followers by investing clarity. Future managers should focus on results, customers, teamwork, and advent decision making as well as problem solving (Mukherjee, 2005). Development Areas as a Future Manager Management development describes a structured process in which managers improve their competencies, knowledge, and/or skills through formal and/or informal learning systems with reference to the benefit of the individual and organizational performance. Areas where a future manager should resolve to develop include the field of experience, knowledge, career advancement, and decision-making process. In order to face future challenges as a manager, one should dedicate their time to develop skills and abilities suitable for leading other employees effectively (Cherry, Connor, & Earner-Sparks, 2011). Specific ally, when managers develop skills and abilities necessary for handling future challenges, existing pressures, and given assignments, organizations become successful. This happens because the leading managers have the relevant skills for executing tasks and responsibilities with minimum ease and time. This shows that managers should develop skills an