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DB1 program capstone - Research Paper Example

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Comprehensive mastery and accomplishment of the outlined objectives would be imperative in establishing conceivable and profitable management programs and business ventures. Initiating successful business plans requires factual analysis based on conceptualized management ideas…
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DB1 Program Capstone DB1 Program Capstone How accomplishing the objectives will support success in management Comprehensive mastery and accomplishment of the outlined objectives would be imperative in establishing conceivable and profitable management programs and business ventures. Initiating successful business plans requires factual analysis based on conceptualized management ideas. Consequently, the objectives would enable me as a manager to establish profitable and successful management systems, business opportunities, and build the reputation of any organization.
In addition, comprehensive understanding of the objectives would be indispensable in establishing competent leadership through constant assessments, evaluation, and performance rewards system (Jackson, Schuler, & Werner, 2011). Having competent leadership within an organization is authoritative in fostering successful and efficient management with consequent realization of profits.
Moreover, extensive application of the objectives would enable me as a manger to promote effective communication skills by establishing relevant management practice programs. The programs would train various leaders within the organization concerning effective interpersonal skills, management strategies, and the benefits of measuring performance. With comprehensive understanding of the objectives within the organization, I would foster a successful business management system.
Risk and Challenges encountered in not mastering the objectives
Having no mastery of the objectives would result in venturing into unsuccessful businesses that risks failures. Such business ventures established by managers with no comprehensive mastery of the objectives would have no conceivable management strategies and, assessment systems, and leadership skills (Andresen & Nowak, 2014).
Besides uncertainties in venturing into unsuccessful businesses, having no mastery of the objectives would result leadership and performance challenges. Such challenges would include inefficient performance by the organization’s employees due to poor leadership skills, management practices, and lack of performance assessment programs. Moreover, managers with no mastery of the objectives would face decision-making challenges including inability to initiate effective management strategies. Effective management strategies are imperative in ranking decisions while choosing the most conceivable and profitable ideas (Truss, Mankin, & Kelliher, 2012).
References
Andresen, M., & Nowak, C. (2014). Human Resource Management Practices: Assessing Added Value. New York: Springer.
Jackson, S., Schuler, R., & Werner, S. (2011). Managing Human Resources. London: Cengage Learning.
Truss, C., Mankin, D., & Kelliher, C. (2012). Strategic Human Resource Management. New York: Oxford University Press. Read More
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