Study Document
Management Theory From the Wall Term Paper
Pages:3 (873 words)
Sources:3
Subject:Theories
Topic:Management Theory
Document Type:Term Paper
Document:#63862401
Employees of today know that they must be constantly sharpening their skills.
Keeping people "excited" and "nimble" through continued training ensures that companies will have an extensive stock of in-house talent to promote during crunch times, and that employees will put in the extra hour at the office to show they are working hard (Hymowitz 2008). Some companies have attempted to foster worker loyalty with flexible scheduling, retirement planning and other financial services, better benefit packages, employee gyms equipped with personal trainers and extensive subsidized cafeterias (Lanzoni 2001:1). However, employees that are truly the managers of tomorrow will not simply want a more ambient workplace, or even more extensive benefits packages -- they want to know that the company regards their input as an asset, and they are being groomed for new positions that will open up in the future.
Management Application
Promoting mainly from without is not simply time consuming in terms of training new employees and fostering loyalty in new managers. It also creates a dispirited atmosphere in at the company, as current employees feel they are not being groomed to advance. Also, it does not promote diversity of skills within the workforce. Lateral exposure is one vital aspect of training, in other words, exposing current employees to the skills and work environment of a number of different departments. The article cites one company, which, "until four years ago" was a "holding company with disparate units and little departments and locations," until finally it recognized, "if we go elsewhere to find talent whenever openings occur, we're telling our people to be free agents, too, when we need their loyalty" (Hymowitz 2008).
During economic slowdowns, companies need loyal employees more than ever. The article implies that companies must be mini-business schools of training, and develop more effective mentoring systems. Also, maximizing strategy in succession planning is just as critical as strategizing about launching a new product. No company would skimp on strategic planning in today's competitive economic climate -- so why skimp on the training of the individuals who will fill the key management positions designing the strategic plans of the company's future?
Works Cited
Hymowitz, Carol. (2008, January 28). "They Ponder Layoffs, but Executives Still Face
Gaps in Talent." Wall Street Journal (Eastern Edition), B.1. Retrieved February 1, 2008, from ABI/INFORM Global database. (Document ID: 1419438441).
Lanzoni, Gene. (2001, November 14). "Despite Soft Economy, MetLife Study Shows that Employee Retention Tops List of Employers' Benefits Concerns. www.allbusiness.comBusiness Wire. Retrieved…
Sample Source(s) Used
Works Cited
Hymowitz, Carol. (2008, January 28). "They Ponder Layoffs, but Executives Still Face
Gaps in Talent." Wall Street Journal (Eastern Edition), B.1. Retrieved February 1, 2008, from ABI/INFORM Global database. (Document ID: 1419438441).
Lanzoni, Gene. (2001, November 14). "Despite Soft Economy, MetLife Study Shows that Employee Retention Tops List of Employers' Benefits Concerns. www.allbusiness.comBusiness Wire. Retrieved February 1, 2008, from AllBusniess database http://www.allbusiness.com/labor-employment/human-resources-personnel-management/6146299-1.html
Related Documents
Study Document
Management and Business Management Theories and Principles
Management and Business Management Theories and Principles of Each Reading The Fifth Discipline forces managers to look at the way in which learning disabilities which are common to organizations can actually stunt their growth and progress. The author targets several common learning disabilities which can riddle even powerful organizations, they are: identifying with only one position, external enemies, the illusion of taking charge, fixation on events, the parable of the boiled frog,
Study Document
Management Theories Historical Records Show That People
Management Theories Historical records show that people always organized themselves in order to work together towards a common objective and they coordinated their efforts to achieve this objective (Accel-Team 2004). It was not until the latter part of the 19th century that the concept of scientific management entered history during the Industrial Revolution, but management skills existed long before the 19th century. Ancient Egyptians built the pyramids, ancient Chinese erected the
Study Document
Aviation Management Theory Comparative Review:
Works Cited: Murray, G. (2008, January). The Case for Corporate Aviation. Risk Management, 55(1), p. 42. Sheehan, J. (2003). Business and Corporate Aviation Management: On Demand Air Transportation. New York: McGraw Hill. Suzuki, Y. (2000). The effect of airline positioning on profit. Transportation Journal, 39(3), 44-54. Toomey, J. (2010, March). Building Parner Aviation Capacity Through Training. DISAM Journal of International Security Assistance Management, 31(4), pp. 118-25. Transportation Security Administration. (2011, March). Air Cargo Security Programs. Retrieved
Study Document
Management As a Profession According to the
Management as a Profession According to the Merriam Webster dictionary, a Profession is: a. A calling requiring specialized knowledge and often long and intensive academic preparation b. A principal calling, vocation, or employment and c. The whole body of persons engaged in a calling. Increasingly management as a class of employment has come to be seen as a profession which qualifies on all three levels of this definition. Though there are
Study Document
Management and Leadership Strategies Were
Specifically, Caesar masterfully showed how through building alliances one may achieve power and rise to the top of the leadership tier even in a group or society as vast as the Ancient Roman Empire (Abbott, 1901, p.385). The Roman Empire also provides an example of organizational systems within the public domain through the Republican system. In the Roman Republican system of government, one man did not have the power to
Study Document
Applying Organizational Theory to the Military
Management Theory As we shift into a new era of management, the outmoded theories rooted in Classical and Scientific Management apply only to specific organizations in specific situations. Newly emerging theories of management take into account not only diversity issues but also issues related to workplace satisfaction, which in turn reduces employee turnover and therefore can improve overall performance. Management theories now need to promote learning organizations and a managerial culture