How National Culture Shapes Management Styles in Bangladesh?

Organizational culture involves everything an organization does and everything it makes (Peters and Waterman, 1982). The above statement indicates that organizational culture not only shapes the way managers manage their employees but also depict the way employees behave in a particular manner (White, 1984). The author illustrates this with an example that if the persistent belief of a manager is that only the blue-collar employees is able to operate a machine, in that case the issues such as mutual goal setting, positive feedback, open channel of communication and participation, and innovation are being ignored by the organization as this pointed at the traditional aspects of managers denying to figure out the new ways to manage. Continue reading

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Factors Influencing Managers’ Styles of Management

It has been specified by Roskin (1989: p.19) that there is a well-established perspective concerning the factors on which the success of management styles relies on, which are as follows:

• the individual personality of the manager himself (Trait theory revisited);

• the individual followers, the kind of people they are and the kind of work they do, and

• the particular situation and circumstances on any given day or hour (Owens, 1973 cited in Roskin, 1989). Continue reading

An Overview of Management Styles

For the most part, the development of management theories and practices has taken place during nineteenth and twentieth century’s, the growth of which was the consequences of the operations of different private and public sector organizations (Modern, 2004). Though it has not been long since the profound development in management principles and practices has flourished and emerged as a formal discipline, the subsistence of management and organized operations has been around for thousands of years (Robbins and Decenzo, 2005). In support of this, the authors have provided the example of Pyramids where the use of management and organized activities in their construction can be precisely assumed. Continue reading

The Importance of Trust Branding in E-commerce & Online Marketing

Over the past few decades, business-to-customer (B2C) has grown significantly and drawn attention of the business community to a large extent to market their products. Consumers at present day have the option of buying their desires products and services via online rather than going for shopping into the marketplace. With the rapid growth of internet, internet marketing has got immense popularity within the business community and despite having an offline version of B2C, they actively engaged in online activity to promote and sell their products and services (Mangiaracina and Perego 2009). Continue reading

The Implications of Various Environmental Forces on Strategic Planning & Decision Making

Managers need to be aware of –

various environmental issues of business that affect the strategic planning and decision making in this highly uncertain business world and must be able to understand all the controllable and uncontrollable parameters while planning and decision making (Bhushan and Rai, 2004). Technological Advancement, Institutional Governance, Ethics, Globalization, Knowledge Management System, Culture and Diversity, Changes in Leadership and Management Style and the like have profound impact on strategic planning and decision making. In order to effective and efficient and to think, plan and make decision strategically, management need to have a clear understanding of these forces, the implications of these forces on business and on them and on employees, the way to handle and deal with the situations and then plan and make decision accordingly. Continue reading

The Importance of Strategic Planning & Decision Making in Achieving Organizational Objectives

Planning, in general term, is –

the most important function of management, which dictates the current state or position of an organization and where the management wants it to see in a future state whereas decision making is action oriented that involves a strong commitment to the actions necessary to make the plans successful (Weihrich and Koontz, 2005). Smith (1996) specifies that decision making involves making the best selection among the available choices that enables managers going for an effective decision making through setting organization’s goals and objectives, carrying on the tasks needed to accomplish the objectives by ensuring the commitment of the organizations’ people towards the organizations’ goals. A well number of scholars have put forward planning and decision making in the same construct. Continue reading