CURRENT ISSUES IN MANAGEMENT Essay Example | Topics and Well Written Essays - 3000 words

CURRENT ISSUES IN MANAGEMENT - Essay Examplethat organizational crisis can be averted or at least minimized through managerial strategies that are visionary in their perspectives (Simola, 2003 Cheney & Christenson, 2000 Pearson, & Clair, 1998 Seeger, Sellnow, & Ulmer, 1997). It is important that strategic planning involves more proactive and innovative measures to meet the exigencies of competitive business.Scholars have asserted that irrational decisions in business are often motivated by false judgment, escalated commitment to previous course of actions where managerial leadershiphip may be driven by financial investment, time and belief that something better would emerge (Bazerman and Moore 2008 Staw & Fox, 1977).The various social researches have revealed that organizations are willing to take risks and make decisions to avoid losses alternatively than with the desire to make profit. (Hallahan, 1999 Beach, 1997 Bailey & Alexander, 1993 Pease, Bieser & Tubbs, 1993 Frisch, 1993 M cDaniel & Sistrunk, 1991 Devine, 1990 Fagley & Miller, 1987 Bazerman, 1984).Shapiro, Slywotzky and Tedlow (2000) believe that key factor that sustain the performance of the organizations through thick and thin are their strong leadership. Nutt (1990) believes that flexibility of approach and beginning(a) in decision making is vital part of leadership as strategic choices are influenced by the managers decision style. Hence, the leaders who are able to make tough decisions and implement changes are able to revitalize the business. In competitive business environment, exemplary leadership effectively colligate the data, information and knowledge within the organizational goals to overcome hard times and gain competitive advantage. The organization must incorporate more aggressive barely people friendly forethought strategies that encourage trust building amongst the work force for improved organizational results.The paper would analyze the various elements of change management and the role of strategic thinking and planning