Theory & Practice in Management Essay Example | Topics and Well Written Essays - 2500 words

Theory & Practice in Management - Essay Example This is due to cultural diversity that can be well explained by Hofstede’s cultural dimensions which include individualism, uncertainty avoidance, power distance index etc (Hofstede, 2005 p 26). This essay is an evaluation of the various roles of a manager and their importance to organizations. As a manger, one is entrusted with various roles which are meant to enhance the progress and smooth running of a business thus facilitating a favorable environment for business progress as well as harmonizing business operations (Pareek, 2000 p 12). The roles include for example supervising and managing staff. In every department in an organization, there must be someone in charge of ensuring that employees perform their responsibilities according to their job description. This is due to the fact that there are those employees who cannot perform unless there is someone senior supervising them (Pareek, 2000 p 20). If this is not done, the organization would lose a lot in terms of time due to the reluctance of the staff to deliver the expected results within the required time frames. In this context, the manager has the responsibility of ensuring that any staff that shows indiscipline is punished according to the organization’s ethics code. The manager also has the responsibility of assigning duties to the various employees so as to ensure that they do not stay idle at any one time (Christiansen, 2002 p 30). He also has the authority of hiring and firing staff depending on there is need to reduce or increase their number may be due to the increase or reduction of the amount of work. This ensures there is a balance between income and expenditure which correlates highly with production. A manager also has the role of advising his employer on the various strategies that can be made to increase production and standards of goods and services. As such, he is an agent of change (Pareek, 2000 p 32).

Toyota international business Essay Example | Topics and Well Written Essays - 750 words

Toyota international business - Essay Example The decision to operate and expand in Poland compared to other EU countries is dependant on a lot of factors, however we can look at some major aspects of investment decisions. Poland has been one of the most successful transition economies of the last decade thanks to consistently sound economic policies (DTI). It has consistently produced growth in GDP which slowed down in 1999-2000 which was mitigated with the prospects of closer integration with EU. Poland has dynamically converted from state capitalist economy to privately owned market economy. Even though conversion to private market economy and focus on EU increased consistency in economic policies, unnecessary red tape still needs to be eliminated. However until Poland joins the Eurozone, which is expected approximately by 2010, companies operating in Poland will be exposed to foreign currency risks. Considering the stringent requirements that have to be met in order to become a member of EU e.g. trade deficit of less than 3% and maximum government public debt of 60% of GDP, it is expected that until Poland joins Eurozone, the exchange rate will be stable enough so as not to effect investment and trade decisions by companies such as Toyota. Since the establishment of European Union and introduction of Euro, economic environment has dramatically changed. The EU represents a market of over 450 million people with minimal barrier’s to trade and movement of factors of production. The market size is expected to be effected due to inclusion of new member states into EU, however it is expected to normalize and increase by 2010 (DTI) and not only provide a larger target market but also skilled human resource – which is available at competitive cost compared to other European countries. Owing to the market size and purchasing power of the consumers, Toyota has posted 12% YoY increase in sales in