Management Challenges

fall reckonary allocation is common in many communication channeles, which can be braced by external factors such as lack of profit, or intrinsic factors such as a deliberate decision to cut costs. Whichever the cause may be, wad tasked with the management of a line of minding should learn how to track with such eventualities. A choice has to be made and a dodge undertaken in order to ensure that the business would not tho survive, yet even succeed in its venture.Shrinking budgets argon nothing more(prenominal) than challenges on the management of scarce resources (Tjosvold & Poon, 1998). Contrary to instinct and common belief, fall budgets do not hinder the productivity of an brass section. True, shrinking budgets do claim more efficient actions and grounded decisions, but they in like manner push managers into performing better.Tjosvold and Poon note of hand the opinion of researchers on organizational power and politics to the effect that conflicts oer scare resou rces intensify competition (Tjosvold & Poon, 1998). They also claim that conflict everywhere scarce resources draw out to effective distribution of resources.The scarcity of resources brought about by the shrinking budget can be productive because of the demand to measuring rod up to a high level. This breeds a sense of competition in the team, which pushes people to work harder to produce better output (Tjosvold & Poon, 1998). On the another(prenominal) side of this perspective is one that denies the usefulness of competition (Tjosvold & Poon, 1998).This side emphasizes cooperation among members of a management team in order to come up with a business plan that manages the effects of the lowered budget (Tjosvold & Poon, 1998). Thus, shrinking budget could lead to unity, cooperation, relationship development and organizational power theorizing (Tjosvold & Poon, 1998). Thus, taken in the proper perspective, shrinking budgets could actually raise productivity to a higher level (T josvold & Poon, 1998).Workplace DiversityDiversity is another look of business management that has caught the interest of many practitioners and researchers. Generally, the widely held opinion is one in favor of various kinds of diversity in the piece of work, such as sex and pagan diversity (Miller,1999).For example, promoting gender diversity in a business organization is now being considered as an effective way of edifice good human resources. Women are often seen as a nonage in various business firms, since they occupy a small contribution in a corporations workforce (Miller,1999). However, present changes are reversing this trend through the increased hiring of women in business organizations (Miller,1999).The indemnity towards change magnitude the number of women recruits in business and professional organizations is a positive and filmy move that is directed towards removing undue discrimination in the professional setting.Provided that the charr applicant possesses the qualifications required by the available position, there is no reason to choose a male employee possessing the same qualifications over a effeminate employee, if such decision is based solely on the applicants genders. Thus, simultaneous with the apprehension of the inequalities in society regarding hiring of men and women, promoting gender diversity in the piece of work shows a deliberate policy of equalizing the market for men and women alike.Another aspect of diversity is cultural diversity. This c erstpt works optimally for a international business, which has business connections in various localities (Miller, 1999). Hiring people from all sorts of cultural backgrounds would go out the business organization to reach out to the locals of the place, thereby increasing the take places good ordain, and eventually, profit (Miller, 1999). Thus, a company that has sales agents of the same cultural background as the consumers has more chances of capturing that market (Miller, 1999).Cultural diversity also leads to a better understanding by the company of possible issues that lead to misunderstanding and disagreements among people working in the same workplace (Miller, 1999). Thus, it is observable that cultural diversity can play a major grapheme in promoting the well being of a business organization. It should be noted, however, that the organization must ensure equal treatment to people even though they are coming from different cultural backgrounds (Miller, 1999). This way, cultural diversity would only benefit the business organization, and not hinder its development (Miller, 1999).Ethics and the administrationEthical principles and policies play a big role in the operations and success of a business organization (Hamner, 2006). While ethics is normally treated as a legal concept, it deals more with proper appearance of people in any situation (Hamner, 2006). The concern about ethical or unethical manner of members of a business organization springs from the actualisation that such behavior has great effects on the success or failure of such organization (Hamner, 2006). In particular, unethical behavior at heart an organization has adverse effects, which could consist in loss of huge sums of notes (Hamner, 2006).The best effect of having a clearly formulated ethical policy and ethical code within an organization is the influence of such policy and code on the conduct and attitude of members of the organization (Hamner, 2006). A fortified support by the management in favor of ethical behavior will breed a culture of ethics that would make people value ethics, to the extent that unethical behavior would seen out of place in the organization (Hamner, 2006).To be effective promoters of ethical behavior in a business organization, the management must devise incentive schemes for members of the organization who follow ethical rules (Hamner, 2006). Moreover, the ethical rules and policies should be able to cover all facets of ethical behavior, which includes moral, economic, and legal aspects (Hamner, 2006).In sum, managing business necessarily means that one will have to deal with different challenges, such as shrinking budgets, workplace diversity, and ethical issues. However, all such challenges can be dealt with and used as means to succeed. Proper management would actually make organizations stronger and better once such kinds of challenges are met squarely.ReferencesHamner, M. (2006). instruction. Aerospace America. Retrieved October 17, 2007Miller, S. (1999). Poltical Correctness in the Office. Office Systems 16(4).Tjosvold, D. & Poon, M. (1998). Dealing with but Resources Open-Minded Interaction for Resolving Budget Conflicts. Group Organization Management 23(3) 237-255