Business Management: Group A

Philosophy of Business Management Group A

Our philosophy of business management focuses on the discipline, competence, commitment, integrity, responsibility, and innovation required of leadership within an organization. An inadequate leader results in the weakening of organizational structure and poor performance of all those that he/she is managing. Without leadership, there would be no driving force behind the organization as a whole. Leadership instills passion and direction in individuals within the organization to help accomplish a common goal. Leaders should use their influential power to inspire and encourage their subordinates towards better performance and ethical conduct. Effective leaders will bring out the best of their employees and essentially the best out of the organization.

Successful management not only delegates tasks, but also leads by example. Also, a big part of being an effective leader is making important decisions. The decision making process is easier for those whose integrity and values lead them in making important judgment calls. Thorough knowledge of the business field will also increase the accuracy of decision making. While leadership qualities are important, knowledge and experience will ultimately be what defines and advances management careers.

Great management requires a leader ready to plan, organize, and communicate. Planning begins by setting goals for the team and developing standards of operation, both ethical and comparative. Coordination and organization are crucial for teams to work in unison towards accomplishing their goals.There must be a level of effective teamwork within an organization to make it run smoothly. Each member should be responsible and show initiative in their role within the organization. While each individual is limited in his or her own abilities, many individuals working together in a cohesive manner will have greater chances of success. Lastly, communication is key to efficient management. Without ongoing communication within the organization there can be no cohesiveness within the company.

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