MANAGEMENT IN THE NEW GLOBAL ECONOMY Essay Example | Topics and Well Written Essays - 2000 words

MANAGEMENT IN THE NEW GLOBAL ECONOMY - Essay ExampleHowever, I feel that the nearly important quality in a prosperous manager is the ability to perish effectively. Communication is a barrier that hinders guidance activities and it is involved in every action. The manager decides to get along an action, but it has to be communicated to the team members before it can be implemented. Furthermore, a manager would be effective and streamlined if the subordinates are comfortable working with the manager. The subordinates should be able to discuss their problems freely with the manager. Moreover, a manager has to terzetto by example. A manager has to take responsibility for his subordinates actions and has to act as a role nonplus for the employees. Taking responsibility would help the employees to build trust in the manager and this way, they would give their all to perform to the best of their ability. Also, a manager has to be a quick decision-maker. In todays ever changing pla netary economy, managers are faced with numerous problems and many of those problems require a quick solution. Therefore, I feel that an cost-efficient and effective manager has to be a quick decision-maker. Also, an efficient and effective manager should have the expert know-how of the processes used in the organization, and should have ample knowledge in his/her field. A manager cannot be successful if he or she lacks professionalism. Being professional in your profession is the key to being efficient in a particular profession. In short, an effective and efficient manager is one who can take the most out of employees, and achieves the objectives of the organization by the using the optimum level of resources.Portfolio Tasks Week 2Question 3 What is a mental contractA psychological contract is an informal contract between the employer and the employee. This eccentric of contract involves tasks and duties not included in the employment contract for both the employer and the emp loyee. According to Wikipedia, a psychological contract represents the mutual beliefs, perceptions, and informal obligations between an employer and employee. (n.d.)Question 4 Compare and contrast the personality and come to approaches to motivation. Are there specific personality traits or affective states that influence performance more than othersseveral(prenominal) people attempted to analyze the factors that motivate humans. Some of the most famous are Frederick Taylor, Abraham Maslow, Douglas McGregor and Herzberg. Taylors scientific management and McGregors Theory X are somewhat similar because both believe that people are incite only through money. Both theories emphasize that workers dislike work and would have to be controlled to make them work. On the other hand, Maslows hierarchy of needs and Herzbergs two factor theory are also similar because they determine elements other than money that could motivate people. Other elements suggested by both Maslow and Herzberg are recognition for work, esteem needs, scene for promotion etc. All theories are inter-related to each other because all theories were presented in an era diametrical than today, when managers didnt interact too much with