How aspect of fundamental principles of management implement

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Reference no: EM133580268

Assignment: Business Finance- Accounting

Prompt

The general manager has reviewed your analysis of a successful company and was impressed with your work. As a result, you have been asked to provide recommendations for a management improvement plan for a struggling company.

For the second part of the final project, you will focus on a struggling company and make your recommendations in a management improvement plan. Be sure to focus on the company at the time of their struggle. Your recommendations will show how management performance, employee perception, and organizational success intersect. You must select a company from this list of suggested companies. Resources related specifically to the struggling companies listed are provided.

I. Toyota (specific to recalls over the last decade)

1. Toyota.com
2. What Really Happened to Toyota?
3. Can Toyota Recover Its Reputation for Quality?

II. WorldCom

1. Ex-WorldCom CEO Ebbers guilty
2. WorldCom Accounting Scandal

III. Enron

1. Enron Case Study
2. Enron Scandal (4:48)

IV. Motorola

1. What Happened to Motorola
2. 10 Reasons Why Motorola Failed

V. Eastman Kodak

1. Kodak Moments Just a Memory as Company Exits Bankruptcy
2. Kodak CEO Talks Company's Future
3. Eastman Kodak Files for Bankruptcy

Specifically, the following critical elements must be addressed:

I. Profile of a Struggling Company

Question A. Assess how the management planning practices interfere with or prohibit the organization's ability to optimally function. You could consider using the fundamental principles of management in your explanation.

Question B. Describe how the employees' perception and organizational culture have been impacted by management's performance. You could consider the connections between management and its impact on culture.

Question C. Explain how communication has played a part in management's inability to increase employee performance. You could consider the connections to specific communication barriers that exist within the organization.

II. Management Plan Recommendations: For this section of the summative assessment, you will make recommendations for the management improvement plan.

Question A. Describe how implementing the fundamental principles of management will help to improve the management process within your company. You could consider the factors that interfere with or prohibit effective management.

Question B. Identify how aspects of the fundamental principles of management will be implemented and communicated to all personnel within the company. You could consider thinking about this from a training standpoint.

Question C. Describe how the application of the fundamental principles of management will lead to increased employee performance. You could consider what needs to improve the most to help increase employee performance.

Question D. Explain how applying ethical principles to the fundamental principles of management would be sustained and monitored by the company. You could consider using the rational decision-making model to show how this process can help with ensuring long-term success.

III. Conclusion: For this section of the summative assessment, you will provide a summary of your recommended changes to the management improvement plan using examples revolving around the fundamental principles of management.

Question A. Summarize how these management changes, based on the fundamental principles of management, will help to ensure organizational success. Be sure to provide examples of how these changes will have the most direct impact.

Milestones

Milestone I: Profile of a Struggling Company

You will submit a one- to two-page document that will provide a profile of your chosen struggling company. This milestone will serve as a rough draft and must cover the three critical elements in Part I of Final Project Two. You are expected to provide a minimum of two to three paragraphs for each of the three critical elements, which include: management planning, employee's perception and organizational culture, and communication.

Reference no: EM133580268

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