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Barnes & Noble Survival - Research Paper Example

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Principles of Management A Research Study on Barnes & Noble Incorporated [University] [Instructor Name] Importance of Management in the Organization’s Success A lot of management literature is focused on the quality and effective management and how to maximize the company’s potential to achieve success with good management style…
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Barnes & Noble Survival
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Download file to see previous pages A company’s long term success depends on how good it is managing its affairs at present and how well it is prepared for the future. If adequate planning is not carried out, a decline will inevitably set in. Therefore planning and making changes for the future before the decline sets in is the key to an organization’s long term success. The way in which company’s decides to make these changes for the future are all defined in the company’s strategic planning. This process often involves making changes with respect to the organization’s environment and the overall quality management plays an essential role in promoting these changes within the organization. Furthermore the allocation and utilization of human and financial resources to their best possible areas is also very important. The leadership of the organization plays a very important role in driving the organizational values and motivating its individuals to superior performance. Once individuals in an organization are propelled to do their job with full commitment, the organization is moving towards its success. This can be observed in the real life cases where organizations mature, move towards success, and sometimes if effective management is not taken care of the decline sets in and the organization loses its market share, shareholders’ trust and consequently losses may result. ...
Recent studies have shown that the employers who believe they have excellent managers are five times more likely to be highly engaged in organizational activities and its overall success than those employees who rate their managers and supervisors as poor. The following graph clearly depicts this relation (The Advisory Board Company, 2011). Therefore it is often said that the managers can either make or break an organization. Therefore it is also very critical to evaluate the management performance timely and regularly and reward the best managers who perform their roles in an effective and efficient manner. The importance of leadership in the success of an organization Often an incapable captain or the ruler of a country is responsible for its downfall. Even though it may be argued that since almost every one of us takes a few if not all the decisions on our own, it makes us a natural leader. While many regard a leader to be the engine of a train and the others are mere followers, understanding who a great is and what makes him stand out from the rest is of great importance. Is a leader only responsible to make the right calls or the horizon that he/she entails is much beyond that? Be it from the political standpoint of a flourishing economy or from the leaders of the big fortune 500 global companies, a strong leadership has played a critical role in driving its success (Davis, 2010). Many argue that having leadership traits is more of an inborn trait rather than instilled into someone’s personality, the point of discussion then shifts to the set of attributes that must be present in an individual to transform into a great leader. Analysis of Barnes & Noble Company Barnes & Nobles is a books retailer selling all types of books through its chain of ...Download file to see next pagesRead More
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