MARKET WK1

The Review of the Course Objectives

Name

University Affiliations

Date

Running Head: THE REVIEW OF THE COURSE OBJECTIVES

REVIEWING THE COURSE OBJECTIVES 3

After reviewing and analyzing the objectives of the course, it is true that each idea is highly beneficial towards my success in management. For sure, being a manager requires one to integrate all these objectives to ensure the success of business. Particularly, I will be in a position to predict and understand various circumstances in which legal and moral concerns exist and at the same time handle them efficiently (Mullins, & Walker, 2010). Through analyzing the impacts of technology on business, I can effectively decide the kind of tools to use in leading the organization and the team members towards achieving our mission. For instance, I can apply training programs and exercises to communicate with the team members easily and ensure that they perfect their daily duties. As a manager, it is essential that I apply training experiences as well as various tools for resource development to ascertain that there is the optimum usage of resources available for the betterment of the organization (Moutinho, & Southern, 2010).  Moreover, I will be able to come up with policies that are all-inclusive to guide individual performances, selection, and compensation planning. The policies will stipulate employees’ motivations as well as disciplinary processes to ensure their effectiveness in their daily duties. As well, I will efficiently plan and link these policies with the organization strategies in developing substantial competitive advantage from the resources available (Hockley, 2010). 

However, poor implementation or lack of mastery of these objectives by a manager can be hazardous to business since it can be the basis for its destruction. As a result, the manager will be ineffective and will not direct the company towards the realization of its goals and objectives. As well, it will be difficult to develop effective policies to guide the organization members in their daily operations, and consequently, the business will not utilize its resources optimally. Also, it will be impossible for the manager to predict the future of his company regarding technological growth and market and hence the competitors will have an easy time to outdo the business in the competitive marketplace. Moreover, the manager will come up with unproductive and immature decisions such as in employee mixing and products development, and this will affect the businesses as it will lead to decreased profits and losses which will be the foundation for its extinction. In conclusion, all managers must master these objectives in their managerial duties as to ensure the success of their businesses (Czinkota, & Kotabe, 2001).

References

Top of Form

Bottom of Form

Top of Form

Bottom of Form

Top of Form

Bottom of Form

Top of Form

Czinkota, M. R., & Kotabe, M. (2001). Marketing management. Cincinnati: South-Western College Pub.

Hockley, L. R. (2010). Global operations management. New York: Nova Science Publishers.

Moutinho, L., & Southern, G. (2010). Strategic marketing management: A business process approach. Hampshire, U.K: Cengage Learning EMEA.

Mullins, J. W., & Walker, O. C. (2010). Marketing management: A strategic decision-making approach. Boston: McGraw-Hill Irwin.

Bottom of Form