Contemporary Issues in Management Essay Example | Topics and Well Written Essays - 3000 words - 2

Contemporary Issues in Management - Essay Example Management is simply the process of organizing and coordinating all activities in all business organizations in order to achieve defined goals and objectives (Newton, 2005). Contemporary organizations are very different from traditional organizations in so much ways. In contemporary organizations, the leadership style applied is mostly the democratic leadership style. This is a style that gives organization’s employees to participate in all almost if not all decision making situations. Employees of an organization are the most vital resources that an organization possesses since they contribute significantly to the success of the organization in the achievement of organization’s goals and objectives. The managers of Tesco Company for example are aware of this and this is why they mostly prefer the democratic style of leadership. The managers involve employees in decisions making situations such as setting of organization’s goals and objectives, setting policies a nd code of conduct that must be adhered to in the organization and designing plans to achieve organization’s goals and objectives and much more. In Tesco Company for example, the management is responsible for developing a competitive advantage that will enable the organization compete effectively in its respective market. The knowledge and skills of reflexive managers and employees’ ideas are vital to the development of an effective competitive advantage in organizations. Democratic leadership exercised by leaders in a contemporary organization gives employees opportunities to share their ideas with the organization’s managers on the business can develop a good competitive advantage. Parker (2000) argues that employees in contemporary organizations are always highly skilled and educated. Most contemporary organizations perform exceptionally well in their respective market and therefore employ employees who are highly productive in the market. The