GLOBAL CHALLENGES FOR BUSINESS, MANAGEMENT AND LEADERSHIP Essay - 2

GLOBAL CHALLENGES FOR BUSINESS, MANAGEMENT AND LEADERSHIP - Essay typefaceOn the other hand management can also refer to the person or to dissimilar people who perform the non-homogeneous acts of management.There are a number of approaches to management but the free-enterprise(a) values framework is the framework which comprehensively covers a number of management approaches. The Competing Values Framework for various cultural assessments was developed and wellspring defined by Quinn and Rorbaugh in 1983 from the analysis of Campbells longer list of efficiency as well as effectiveness dimensions into two major dimensional patterns.The horizontal dimension basically defines the degree to which any organization generally focuses inwards as well as outwards. Towards left, attention is basically inwards, within the organization, in order to know what is happening in the organization.An internal focus is valid as well as an important source in any environment where the competitio n or the guest focus is not the chief(prenominal) thing and it is also not the most important thing, but on the other hand in the competitive climates or where the external stakeholders hold s right smart, then this kind of challenge must met directly and effectively.Vertical Stability or FlexibilityThe vertical axis basically determines that who rattling makes decisions. At the lower end, control is also with the management whilst at the upper most end it is also devolved to those employees who pass been directly empowered in order to decide for themselves and for their organization or for their company. Stability is a valid form and source whenever the business is stable and the degree of reliability and efficiency is at the posting level, but when the environmental forces or the factors develop a need in order to have a change, then at that particular time flexibility becomes much more important. (Boddy, 2001, pp. 200-226)The Competing Values MapThe four hierarchies as men tioned in the above diagram are to some extent historical in their individual development and are also presented in this order which is mentioned below.HierarchyThe hierarchy has basically a conventional approach towards the structure and control that generally flows from a strict chain of various command as mentioned in the Max Webers view of the bureaucracy. For numerous years, this was also considered as the only effective and an efficient way in order to organize and is still considered as a basic element for many organizations. Hierarchies have full respect for the power as well as for the position. They also have well-defined processes, policies and well maintained procedures.MarketThe Market oriented organization also seeks to control but they do so by looking outward, and by taking notes of the transaction cost. Market organization is not the one which eer focus just on the marketing level, they also keep this in mind that what are the main and the basic transactions, whe re are all these transactions, whether internal and the external