Expanding Expansion
The goal of every manager is to develop a company that is capable to effectively compete against the other companies within the industry. Managers can manipulate their practices and employees to have the most successful and efficient company possible. What happens when your company becomes too successful and grows too quickly? If the company expands faster than the management anticipates then the management will run into a whole new set of problems. A problem some of the best companies have is the fact that they are too big and they stretched themselves to the point where some areas of the company will become lost. MGMT 250 stresses the importance of strong management in an expanding company and how to deal with the changes that a dynamic environment forces onto the company. Every article we have read in the class, whether it was business ethics, training priorities, or even motivating employees, supports the idea that the role of a manager has to be thoroughly understood.
Comments
Posted by: Matt Kamalsky
Posted on: November 27, 2006 10:51 PM
I agree that MGMT 250 has taught us the value of strong managent. I also agree with most of what you said about growing companies. Many companies aim at growth, assuming it brings increase profits. However, this isn't easy for most companies, so creating the potential for growth is an essential management skill. Managers must be able to both control and create growth.
Posted by: Luiz Goncalves
Posted on: December 4, 2006 11:59 PM
I completely agree with what you are saying Steve. I myself believe in great managing and everything you said fits it on how i feel. I also believe that having a great manager separates great companies with average ones. The problem of companies expanding to fast is a problem many face and the fault comes from the managing group, which is why they are very important
Posted by: Scott Moyer
Posted on: December 11, 2006 02:11 AM
Steve,
Excellent post on the importance of having a manager that understands how to handle expansion and run a business properly. The manager is the main key in controlling and maintaining sufficient company growth and profit. If he/she doesn't understand their role, the business will be unsuccessful.
Posted by: Scott Moyer
Posted on: December 11, 2006 02:18 AM
Steve,
Excellent post on the importance of having a good manager running a business. A manager must be aware of expansion possibilities, proper hiring/firings, and how to handle growth. Having a good manager allows a company to grow and acheive overwhelmingly high profit levels. Success starts with the manager.