Name-Habtamu Fikru Class-Management Date-12/1/13 Instructor- Conceptual Management Skills in the movie “The Flaw” Management is the act or skill of controlling and making decisions about a business, department or big organization. According to Kinicki Williams’ “The Exceptional Manager”, a good example of someone with the skills star qualities of a manager includes conceptual skills. According to the same source, Conceptual skill is the ability to visualize organization as a whole and it includes analytical, creative and initiative skills. It helps managers to fix goals for the whole organization and to plan for every situation. This skill is mostly required by the higher level management because they spend more time in planning and solving problems. According to Kinicki, the main goal of the use of conceptual tools is to improve the quality of decision or sense making process. Managers will have to rely more and more on their interpretation, analysis and questioning skills than on their prior knowledge and experience, as their environment becomes increasingly turbulent. The goal of conceptual management tool is not to present a definitive road map towards a pre given solution. It merely offers a systematic framework for orientation and progress. It provides steps, structures and formats that synchronize actions and allow groups and individuals to proceed in a coordinated manner. The goal of conceptual management is to improve the quality of the decision making or problem solving process. This should be achieved by improving communicative and cognitive process. For this particular project I selected a topic covered in one of the chapters in the book, “The Exceptional Manager” in chapter one and show how this topic is illust... ... middle of paper ... ...Greenspan admitting in his testimony, Greenspan said that, in light of a crisis he characterized as "a once-in-a-century financial tsunami," he was wrong to think financial markets could police themselves. He incorrectly had expected the discipline of the market would prevent financial institutions from taking life-threatening risks. I think the movie showed how Greenspan was mistaken in his free-market convictions to make wrong decisions, especially his failure to rein in unsafe mortgage lending practices. This is a very good example of lacking conceptual managerial skills causing harsh economic consequences to people and a country. Works Cited Kinicki, Angelo, and Brian K. Williams. Management: A Practical Introduction. New York: McGraw-Hill Education, 2013. Print. The Flaw. Dir. David Sington. Perf. Alan Greenspan, Robert Shiller,Joseph Stiglitz. 2011. DVD.
According to Brad the characteristics of management that contribute to success can be broken into six categories. The first one being a...
Davis, Kevin. "Management Skills - Introduction - Instructor's Statement to Participants." Fsu.edu. Florida State University, n.d. Web. 18 Mar. 2014.
Huge technological improvements and scientific breakthroughs have paved the way for larger, more stable and profitable financial markets. Fast and easy money was to be made by playing the booming stock market - many laymen took advantage of these opportunities without having a complete understanding of what exactly they were doing. This inevitably led to the crash that sent America and the world into the Great Depression. In the movie we see the first stages of the panic that spread throughout the country. People got scared and ran to the bank to take out their life savings.
Whetten, David A., and Kim S. Cameron. Developing Management Skills. Upper Saddle River: Pearson Education, 2007.
The manager in question is known for getting things done, which is desirable in a leader; however, the author has wi...
Robbins, S.P., & Coulter, M. (2009). Management (10th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.
Robbins, S. P., & Coulter. M. (2014). Management (12th ed.). Retrieved from: Colorado Technical University eBook Collection database.
Robbins, S. P., & Coulter, M. (2009). Management (10th ed.). Upper Saddle River, NJ: Pearson
The first is to select the right planners for conceptual planning. While everyone in an organization plays a vital role, ADM benefits having experienced team members who deal with uncertainty as a function of their roles and responsibilities. As Mary Jo Hatch mentions in Organizational Theory, those who deal with uncertainty are better suited to deal with ill-structured problems. Success in dealing with uncertainty implies those members understand how to take preventive steps to avoid failure, forecast future needs for probable changes, and implement absorption measures to adopt new values. These critical capabilities can benefit a planning
Jones, G. R., & George, J. M. (2011). Contemporary management. (7 ed.). New York, NY: McGraw-Hill.
In the movie the portrayed Paulson as a hero for saving the banks in a time of crises. But in reality he was the one who deregulated the banks in order to gain more money for himself. Then realizing what he’s done he had to quickly fix his actions. Overall though the film did a good job accurately showing how things went down chronologically.
This film exploited the impact on privatized banks, its impact on the economy, and its deals with the government. Much of the money is being spent on greedy leadership while the rest suffer. It discusses the collapse of the stock market, which created a global recession and doubles the national debt of the united states. It highered the poverty rate and caused many people to go bankrupt; leading to suicide. This disaster was not a mistake; it was caused by an out of control industry.
The “Inside job” movie proves how neo- liberalism system has turned this world into a chaos. I find this movie very informative, hard to believe but it shows the reality of the world in which we live. The movie is structured into five parts which are: how we get here, the bubble, the crisis, accountability, and where we are now. The movie denounces how academic economic experts, politicians, and board of directors use their political influences on financial industry. Those experts are extremely corrupt and above all very selfish. They have no feelings for the majority and totally ignore inequality. They all work together based on the same ideas, use the same techniques and strategies to make money. They come up with policies and complicated laws that are hard for people to understand, and they are the only one who benefit from those laws.
Management will continue to encounter new challenges that require problem solving and decision-making strategies. Some problems may be easily resolved while others could take much longer depending on the complexity of the problem. In order for management to make effective decisions and achieve success for their businesses, the decision makers need to have adequate knowledge of the situation, critical thinking and excellent communication skills, and a sophisticated approach for tackling problems. Every business should have a systematic approach for solving problems and making decisions. Without one, decision making would be insufficient and businesses would be unproductive.
Waddell, D, Jones, G & George, J 2014, Contemporary Management, 3rd edn, McGraw Hill Education,