GLOBAL CHALLENGES FOR BUSINESS, MANAGEMENT AND LEADERSHIP - Essay Example

Tutor Signature: Date: TABLE OF CONTENTS 1.0 Introduction…………………………………………………………………………….4 2.0 Application………………………………………………………………………………6 2.1 Tesco……………………………………………………………………………………………….6 2.2 Management at Tesco PMT……………………………………………………………………10 3.0 CSR challenge…………………………………………………………………………10 3.

1 Impact of CSR on PMT at Tesco…………………………………………………………….12 4.0 Recommendation …………………………………………………………………….13 5.0 Conclusion……………………………………………………………………………..14 References………………………………………………………………………………….15 1.0 Introduction Management theories tend to account and helps in interpreting the rapidly changing nature of present organizational environments.

Management theories are applied in the organization, so that each task could be properly managed. Management theories are base of successful business. . Managers manage the managerial functions of planning, organizing, staffing, leading, and controlling. Management practices are applied in every organization. The theories and managerial practices are applied to managers at all levels of the organization. The goal of the managers is to create the surplus and increase the productivity efficiently and effectively (Vance and Paik 2010).

According to Hersey and Blanchard, management is working through groups and individuals to accomplish the goals of an organization. The competing value framework is the most significant model applied in the business. This framework is used for evaluating the high performance in the organization. This framework is used at every level of the organization, and it is also used for assessing the leadership, communication, core competencies, organizational culture, motivation, decision making, quality, human resource practices, organizational capabilities, employee selection, and for assessing the financial performance.

This framework is crucial for the mangers or leaders in diagnosing and managing the congruencies, contradictions, and interrelationships between the various aspects of the organizations. In order words, CVF helps the leaders in improving the performance of organizations and even support in value creation (Xaxx 2012). Quinn explores the eight management roles in the competing value framework and each role demands the manger to compete with each other that lies opposite to it in the circle. Managers focus over the goals and people in the company or they focus over the innovator and coordinator roles.

In most of the organization tasks has become standardized and routine that