The Challenges Of A Manager - 2330 Words

During this era of uncertainty for many organizations, management has many challenges to contend with. One of the biggest challenges that a manager has today is increasing revenue, the bottom line dictates most company’s goals. A company has to be competitive in order to thrive, and continue to generate revenue if they are going to be in business. If they are publically held, then they have to answer to Wall Street. With the right leadership, a company can reach its goals if it is equipped with leadership that understands what is needed to reach the goals, and they are equipped to implement the necessary controls that will lead to success. During these tumultuous times, the leader needs to have the ability to build teams that can†¦show more content†¦Utilizing the four functions will provide a structure that will guide the manager to accomplishing the goals. The role of management begins with the planning process, where the manager is responsible for defining the actual goals, and determining the strategy and resources required to meet the goals. The organizing function is similar to bringing the troops together. Organizing calls for delegation of duties. During this process the manager will assign task and responsibilities to certain staff members in an attempt to meet the goal. The leading function is where the motivation will take place. The manager will need to motivate his or her staff so that they buy into the goal, and execute. The final function, controlling is very important. This function involves the assessment and monitoring of the actual task to ensure that the project is on task. 2. Describe and give examples of how the challenges managers face in today’s world are characterized by uncertainty, ambiguity, and sudden changes or threats from the environment. We are living in an era where technology is rapidly changing and new and innovative concepts are being introduced in the workplace. In today’s market place everything revolves around technology. The business model has changed. Organization is looking for innovators, process improvement, and efficiency. Historically, the office consisted of 9-5 worker bees that followed the company policies and