Management Development Techniques for Organizations.
Management Development Techniques for Organizations: The business world has become so competitive. The management development techniques help an organization to compete fairly in business. Good management techniques include understanding the internal and external factors that affect an organization.
An organization needs to analyze and come up with measures to help it prosper. Being profitable is the desire and objective of every organization. The global economy also influences the performance of multinational companies.
This paper reviews the management development techniques local and multinational organizations can employ for good performance.There is urgency for corporations to learn and practice management development techniques.
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Another regulation was when the EU in a bid to deregulate air travel passed that any Airline or carrier that belongs to European Union can fly anywhere in EU. This opened up the airline market and consequently increased competition. This has also reduced fare prices for consumers.
With reduced fare prices, the profit margin has also decreased. This scenario has made it difficult for new airlines to enter into the market (Fee, 2001). Management development techniques are necessary for the progress of organizations. Managing conflicts, motivating employees and studying business market are some of the important strategies that can be employed.
Management development techniques help an organization to compete fairly in business. Good management techniques include understanding the internal and external factors that affect an organization. Organizations need to evaluate main strategic groups in the industry and make good development policies
Fee, K. (2001). A guide to management development techniques: What to use when. London:Kogan Page.
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