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Reflection on management - Term Paper Example

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The first topic provides the traditional concepts of business and business management. From the topic, it was established that the modern profit oriented businesses have their roots on various historical aspects. This includes the competitive nature of humans and the desire to concur nature. …
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Reflection on management
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"Reflection on management"

Download file to see previous pages Businesses have significant social responsibilities that are not covered by most introductory business courses. Although businesses have a role of ensuring their sustainability through profitable operations, they also have a role of maintain social sustainability. However, most business courses emphasize on profit-making and efficient operation strategies. The course provides learners with concrete information about sustainable management and its significance in modern day businesses.
Ancient human activities involved exploiting resources from their natural forms or primary level of production. In such economies, people were not concerned with sustainability since they lived in a world with abundant resources. The course considers this as the sources current management trend where businesses are concerned with making of profits. Although this trend is considered as the norm, people are beginning to consider the need for sustainable businesses. Thus, the course is established on modern management trends, which are aimed at sustainable business practices. At the end of the topic, I had acquired sufficient background information on management and managerialism. However, the topic does not provide a basis of fundamental theories that led to the formation of the current economic blocks. I was interested in information that explains the role of politics and government in shaping world’s management strategies.
The second topic covers the move towards modern economies. Need for mass production is the basic aspect that characterized classic businesses in the mid twentieth century. According to chapter two of Locke and Spender, businesses in this era were characterized by unbound growth. Unbound growth of population and human wants made people to believe in unbound businesses (Hirschey 132). The industrial revolution provided the foundation for the era since it provided the required element of efficiency. The topic also addresses controversies surrounding modern management practices. This approach provides a foundation for strategic management practices covered in the third topic. The chapter also elaborates the role of modern businesses to the society. Corporate social responsibility is a significant element of modern business. The element of corporate social responsibility signifies the main difference between successful and unsuccessful businesses. The topic illustrates this analogy through case studies covering major global businesses such as Toyota and IBM. However, the businesses have different perspectives on social responsibilities according to the topic. In addition, the companies have experienced a constant transformation in their attitude towards corporate social responsibility. For instance, Toyota has considerably transformed its management practices in relation to its manufacturing systems and marketing structures. The third topic deals with management as a social science. This topic provides essential information concerning people based management system and the role of human capital in modern economies. The topic links theories of organization culture the goals and objectives of an organization. In addition, the atopic covers recent developments in the fields of management that makes the subject an essential science. Management science is based on logical conclusion that results in the satisfaction of all sectors of a business. The topic also covers the evolution of economic concepts and measures that are used to measure economic progress of a country. Although I managed through most of the ...Download file to see next pagesRead More
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