Solving a Business Problem
Defining the Problem
Management techniques are the analytical and systematic approaches that are applied by companies to enhance decision-making and attain efficiency in planning and control. The major issues which affect the organization are the lack of clear directions, poor directions, inabilities to manage diverse teams, and failure to develop critical behaviors and competencies. The issue affects the organization in the following ways;
How the Issue Affect the Organization
Low motivation among the employees
Poor management issues affect the morale of employees, and thus, they are less likely to attain the targets. Lack of clear communication and failure to develop critical competencies may lead to feelings of inequitable treatment and elicit issues of favoritism. The issue affects the organizational culture and result in high employee turnover rates.
Low Employee Productivity and Low Profits
Poor management may affect employees’ performance if the leadership does not align their objectives with those of the workers. Lack of regular appraisals and workplace conflicts are common and result in low productivity in companies. The issue often results in a lack of attainment of targets leading to low productivity.
Lousy management in companies result in low profitability due to reduced balance in the company budget and little realization of the corporate goal. Management issues also result in reduced employee engagement and low profitability, associated with high turnover rates. The issue often leads to poor performance in companies and affect their growth.
Possible Solutions to the Problem
Enhance Communication
Excellent communication is among the approaches which allow companies to align their goals with those of their employees. As a result, workers are likely to be motivated and meet their targets. Organizations that promote a culture of good communications foster an excellent corporate culture, which is ideal in addressing the issues of low turnover rates. Excellent communication is also critical in identifying skills and competencies and resolving conflicts critical to their performance.
Managing performance and enhancing profitability through performance management
Leaders should manage performance by balancing organizational goals, motivating workers, and managing workloads. Management techniques should also ensure that business leaders are equipped obtain constructive and regular feedback. They should also document the entire management process to enhance accountability. Therefore, it is critical for companies to have database and diaries to document the performance. Managing performance also support recognition, development, rewards, training of employees.
The organization should enhance the corporate profitability through coaching and maximizing the performance of the employees. Managers should ensure that they are well-versed to align the corporate strategies with daily operations. The organizations should also that they administer policies consistently and fairly to address issues which may result to high turnover rates and thus, low profitability.
The Advantages and Limitations of Each Solution
Advantages
Enhancing Communication is critical in increasing the productivity of the companies and attaining better quality of products and services. Improved communication in organizations also enhance commitment and trust and it is one of the ways through which companies can increase their employee engagement and commitment. Enhanced communication also enhance employee morale, satisfaction, and enhance job satisfaction.
Limitation: Cultural, physical, emotional, and personality barriers.
Cultural barriers which may affect organizations include perceived beliefs, language, and norms. The radius of the interpersonal space in organizations differ across culture and employees’ uptake of info differ significantly.
Physical barriers presents a physical state that hinder communication among employees within a company. Departmental layout may also present a communication challenge that may affect the sharing of info across departments. The organizational structure may significantly affect the type of communication between employees and managers.
Emotional barriers are the issues which may result to confrontations among the employees. The issues may affect how they relate with each other and have an impact of their communication. The personality issues are influenced traits such as individual opinions and views. These barriers may hinder effective communication in organizations.
Managing performance
Advantages
Managing performance is critical in informing the management about the training needs in organizations. Frequent assessment is crucial in allowing companies to establish employee capabilities and skills. Performance management also boosts the morale of employees, enhance workforce scheduling, identify workers’ promotion needs, deliver high autonomy among the employees, and increase retention rates.
Limitations
Managing performance has various limitations. Misleading or fabricated info may negatively affect the reviews leading to a drop in morale. The practice may also lead to wastage of resources such as money and time. Managing performance may also lead to low job satisfaction and employee burnout.
Recommendations for the Best Solution for the Company
The company should have well-articulated goals to ensure that every employee understand their roles.
Having well-articulated goals allow organizations to address the issue of employee disengagement. Clear goals also allows businesses to see the wider picture and align their aims with those of the company. The issue will also improve the process by breaking down the responsibilities according to the roles and responsibilities of each employee.
Managers should have clear roles and take responsibility of leadership performance. The practice will address the issues of low productivity and profitability in organizations. Shifting responsibility to the managers also address the issue of low morale and lack of trust among the employee. The practice will also promote more accountability and performance among the managers.
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