Management Questions



Abstract

The purpose of this discussion is focused on four main concepts of modern management theory. Firstly, management functions and how important role they play in the success of an organization which management researchers have identified as necessary. Secondly, understanding the sources of sustainable competitive advantage has become an important area of research in strategic management. Thus, in order to achieve a competitive level of benefit that is above from their competitors and he industrial production average, a business organization must first seek an understanding of the relative degree of relatedness between their organizational internal resources, competitive advantage and productivity.

Thirdly, to compare managerial effectiveness and efficiency and how they are related to each other. Fourthly, a detailed discussion on the career planning has been included.

Management Questions

Good Management Functions

Core element of good business derives from good governance. This is true because the business is managed by persons known as managers who perform specific business functions, such as the production and manufacturing, finance and accounting, sales and marketing and human resources departments. Said that the planning process to determine objectives and strategies for achieving these goals is the most important of all management functions. Identification of good business is not an easy job. understanding of the economy, because it provides some tools, analytical techniques and economic concepts make good management decisions. The objective of this study is to identify some characteristics of a good business and a list of the names of companies that have these features (Richard, 2003).

Most good companies have characteristics, such as a promising, high return on equity, sustainable sales growth and a strong brand. When we talk about good business, we're talking not only about the past and the present status of the company, but a good business should also have good prospects. In addition, because many changes can happen, it is also important for enterprises anticipate and adapt to changing conditions. Since the overall purpose of the company to maximize shareholder value.

The Relationship Between Organizational Resources and Production

To achieve the competitive position of advantage and improve the performance of firms, their competitors are commercial organisations, in particular, you should strive to achieve the main objectives. International business and transnational corporations (TNCs), such as Sony, Toyota, and Intel for a long time to achieve a sustainable and competitive advantage through the strategic management of a variety of methods and approaches.

Indeed, in this era of globalization, industries and businesses compete and face each other on a global scale. This issue focuses on the competitive advantages. Companies that are selling similar products or even replace the same group of customers and industries. Business, which is more profitable than its competitors is likely to take some form of strategic advantage. The strategic management of sustainable competitive advantage that one company has over competing firms. Source of advantage can be a business doing something distinctive and difficult to reproduce, also known as core competencies, core competency of the company is that company could do well, and which ...