Globalization Of Management Case Study

Management

"Management is a multipurpose organ that manage a business and manages managers and manages workers and work."-(Peter Ferdinand Drucker)

"Management is the art of getting things done through others and with formally organised groups."-(Harold Koontz)

"Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest way."-(Frederick Winslow Taylor)

"Art of getting things done through people."-(Mary Parker Follett) Management is a task of organising people and work .It is an interdisciplinary and international field that has evolved in bits and pieces over the year. Organisations are required to complete a given task according to schedule and pre-determined programme. The work and the labour has to be divided to complete the task effectively and efficiently. The people are made to

A System is a set of regularly interacting or inter-dependent components that create as a whole unit.

"A system is composed of related and dependent elements which when in interaction from a unity whole."(Cleland and King)

c)Contingency Approach: It is also known as situational approach. In simple words, the way of managing should change depending on the situation or circumstances.

Globalization Of Management: Globalization is grounded in the theory of comparative advantage which states that countries that are good at producing a particular good are better off exporting it to countries that are less efficient at producing goods. The phenomenon of globalization consists of three interrelated factors- proximity, location, and attitude. Taken together, these three factors of globalization emphasize the unprecedented lineup and complexity that confront a global manager.

Strategic Management:

"Strategic management is the process of managing the pursuit of organisational mission while managing the relationship of the organisational to its environment"(James M.