We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Mgt 501 management theory and practice - Essay Example

Comments (0) Cite this document
Summary
Mgt 501 management theory and practice Table of Contents Mgt 501 management theory and practice 1 1 Table of Contents 2 Introduction 3 Analysis of Organization Culture 4 Conclusion 12 References 14 Introduction The era of free trade and globalization has changed the face of business dynamics in the present business environment…
Download full paper
GRAB THE BEST PAPER
Mgt 501 management theory and practice
Read TextPreview

Extract of sample
Mgt 501 management theory and practice

Download file to see previous pages... The present study would analyze the business dynamics of Mc Donald’s with regards to the aspect of organizational culture and the constituting aspects of internal and external factors that affect organizational culture. The choice of the organization assumes significance considering the fact that the company is one of the best known brands and has operations across diverse geographical regions making the aspect of culture as an extremely vital aspect in determining the company’s business prospects. McDonalds was established in the year 1955 by the legendary personality Ray Croc in the United States of America. The company since then has grown a long way to emerge as one of the most popular restaurant chains having a dedicated presence in almost every region of the world (McDonalds, 2011). The company at its present date has a dedicated presence in about 119 different nations and employing a large number of individuals. The stocks of the company are listed on the bourses of the New York Stock Exchange. The company has been adding new products in its menu list consistently over the years and has also developed an impressive franchising strategy to spread its footprint across the globe. The company has also developed at attractive work culture that has helped in retaining and attracting a talented pool of human resources to meet the challenges of the highly turbulent and fluctuating business environment (McDonalds-a, 2011). Analysis of Organization Culture Organizational culture is an important facet of business organizations in the present business environment. Organizational culture is influenced by both internal as well as external factors. The importance of culture as highlighted by Lussier (2008) who stated that organizational culture is largely an implication of the personality and the work environment in an organization. The author also highlighted some of the internal factors such as organization mission, resources available with a company, structure and attitude of the management as the factors that largely influence the culture in an organization (Lussier, 2008, p.46-48). Keyton (2010) identified communication as another strategic factor that determines the aspect of organization culture in a particular company. The author also pinned out the importance of organizational culture towards generating positive and negative values in a company. The author highlighted that positive culture generates greater value while negative culture creates a negative set of values that ultimately helps in generating a favorable working condition. Internal communication has a key role to play in this regard as a smooth flow of information helps in generating positive sentiments in an organization that helps generate long term advantage for a company (Keyton, 2010, p.166). Figure 1: Elements influencing Organizational Culture (Source: Cameron & Quinn, 2011) The figure shown above reflects some of the factors that affect organization culture. These include assumptions, official norms and contractual obligations of the company, the artifacts and the behavioral patterns of the individuals in an organization. The figure clearly identifies that behaviors and other artifacts associated with an organization are largely observable and can be monitored and hence influenced by an organization through its policies. Therefore the role of evaluation and monitoring acts ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Mgt 501 management theory and practice Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Retrieved de https://studentshare.org/business/1391605-mgt501-management-theory-and-practice
(Mgt 501 Management Theory and Practice Essay Example | Topics and Well Written Essays - 2500 Words)
https://studentshare.org/business/1391605-mgt501-management-theory-and-practice.
“Mgt 501 Management Theory and Practice Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/business/1391605-mgt501-management-theory-and-practice.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Management theory and practice
Analytical Essay Name Institution Course Tutor Date Analytical Essay Human beings have been managing organizations, people and themselves since the beginning of the economic activities and formation of organizations. Managing refers to the process that involves, planning, organizing, controlling and directing individuals in order to achieve organizational goals (Lorenzana, 1993).
5 Pages(1250 words)Essay
MGT 501 Case assign
Culture is one of the environmental factors, both internal and external, especially in the globalized environment and is significant to effective management. I, in this paper, review a case study to evaluate effect of culture and environment on organizations and their managements.
5 Pages(1250 words)Essay
MGT 501 SLP
The second quiz was in relation to psychology, particularly the theories of work motivation. As far as the psychology quiz is concerned, the score did not really surprise me because I have covered the topic area of motivation in management studies. Needless to say, I expected a somewhat higher score than the one I got.
3 Pages(750 words)Essay
MGT 501 Mod 2 SLP assignment
If a person is aware of his or her personality traits, it is easier to predict the factors that would help in achieving higher motivation. Also, for a person who is aware of his or her weaknesses, it is more likely to overcome them during career experiences.
3 Pages(750 words)Essay
MGT 501 MoD 4 Case Leaders
This is because of George’s tight supervision on Shelly due to disproportionate use of micromanagement. Such a leadership style is not apt for someone holding an experienced position of Marketing Director. In fact, such a management style is often used on the factory floor or at lower levels of organizational hierarchy (Davenport, 2010).
5 Pages(1250 words)Essay
MGT 501 MoD 4 SLP
Change is the cause of ignition for the transformational leader. Stimulating followers with evolving motivations and aspirations come in characteristics of a transformational leader (Bass, 2012). This paper is a review of transformational leadership characteristics applied on a personal experience and understanding (Wordpress, 2008).
3 Pages(750 words)Essay
Management Theory And Practice
Even where governance is by people who own the majority stakes, their own positions and the respect, they command are contingent upon their competence rather than ownership (Ahuja, 2005 880). " Management is the art of getting things done through other people.
12 Pages(3000 words)Essay
Management Theory & Practice
Philosophies, theories, techniques and models associated with “change” and “change management” exist in abundance, all of which strive, with varying degrees of reliability and success to offer meaningful insights into the means and modes of achieving
8 Pages(2000 words)Essay
Theory & Practice in Management
important issues, excellent communication skills so as to ensure that there are no conflicts which may arise due to poor delivery of information as well as the ability to make important decisions concerning the business (Pareek, 2003 p 28). These qualities are essential
10 Pages(2500 words)Essay
Issues in International Management
In this similar context, another model developed in the year 1987 by C.K. Prahalad and Y.L. Doz reflects about the framework of
12 Pages(3000 words)Essay
Let us find you another Essay on topic Mgt 501 management theory and practice for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us