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Contemporary Management - Essay Example

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Contemporary business management is characterized with innovative frameworks and optimization of technology to communicate its products to the market. Like other management and operation, the company is guided with its clear vision, mission, targeted goals and outcome, but it earned distinction by thriving by managing risks and through e-commerce (Heng, 2001)…
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Contemporary Management
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Download file to see previous pages In this study, we will tackle how Amazon.com, a leading online seller of books and reading materials, advance its business strategies in a global scale applying theory contemporary management in reaching its market goals effectively. This paper will specifically (a) analyze effective management and the evolution of management’s ideation; (b) analyze effects, influences and changes from numerous factors using theory of contemporary management; (c) examine how management theory can be optimized in Amazon.com’s organization; (d) evaluate the significance and impact of information technologies in contemporary business operation; and finally, (e) appreciate how information systems are optimized to support Amazon.com’s management’s decision-making. Theories of Management Contemporary business management is distinguished by some significant factors with other theories of management. The latter is inclusive of scientific, bureaucratic management, human relations movement and progressive management development (McNamara, 2012, p. 1). Scientific management theory, which is more widely practiced in the 18th to mid-19th centuries by then emerging large industries, deals with routinary tasks in the manufacturing industries (McNamara, 2012, p. 1). ...
1). The dehumanizing and enslaving relations at workplaces under these management theories motivated workers to deliberate their rights and fought for human relations movement to improve their situations in work places (McNamara, 2012, p. 1). Impelled by labor unrest and uprisings, workers demanded for business management that respects their skills, capacities and intelligence (McNamara, 2012, p. 1). They asserted, as reflected with corporate behaviorism, that organizational integrity and development could only be attained if workers rights and needs are considered by the companies (McNamara, 2012, p. 1). Bolstered by these movements, workers were capacitated, coached, and mentored for their career development and supervisory skills acquisition (McNamara, 2012, p. 1). Most workers were sent to school to acquire knowledge on effective business operation and human resource management (McNamara, 2012, p. 1). Nowadays, companies embraced contemporary management which is featured with contingency, systems and chaos theories (McNamara, 2012, p. 1). The first theory contended that the management assume the power of decision-makings using frameworks and approaches with better leadership styles (McNamara, 2012, p. 1). Contemporary leadership adopts the confluence of transformational, transactional, principle-centered and charismatic styles to manage human resources to ascertain that they are well-motivated to meet goals while engaging clients for their respective service satisfaction (McNamara, 2012, p. 1). On the other hand, systems theory extols functional systematic operational procedures laid for workers in business operations and in human resource management (McNamara, 2012, p. 1). The system includes regular meetings, planning, implementation, monitoring, ...Download file to see next pagesRead More
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