Closing the Gap Article Example | Topics and Well Written Essays - 750 words

Closing the Gap - Article Example The management process entails the channel that duties, orders and chores pass from the highest individual in the company’s hierarchy to the junior staff in the organization (Saxena, 2009). According to economists, good management skills and ethics complete the production cycle. However, this only happens if there is an excellent open door communication channel between the superiors, seniors and juniors. Most of the successful giant businesses corporate have acquired their large market shares through formulation and implementation of competitive management strategies. According to the article, ‘good communication’ is a vital factor ensuring the success of a business. Communication is employed through vertical and horizontal communication. Channels of communication have played a big role in the formulation of strategic decisions. For a firm to implement its strategies there should be effective and efficient relay of information from the managers to the subordinate staff. Management should achieve this through suggestion boxes, memos and the open door communication. Teamwork is a very important principle of management that starts from leadership skills. It ensures division of labor that helps in inventory and bookkeeping. They help in the follow up of business transaction which in turn helps ensures the success of the business. Organization score also influences a business’ success. ... Critique According to most economists, employment of principles of management leads the achievement of the set firm’s goals and objectives (Saxena, 2009). However, critics have come up with their theories explains reasons as to why firms fail irrespective of the implementation of the principles of management. These critic theories include the following: According to the article, communication strategy is the most important strategy to the success of a business. However, communication is not always the answer. While done at some inappropriate levels, it may lead to the business failure. For example, when a manager relays critical information to the worker, if they are not specialized in their departments, the messages may be interpreted in the wrong manner. Language barriers may also pose a threat to the communication process. The junior staff may fall prey to altered or faulty information due to the hierarchy of bureaucracy in the organization. Firms need to employ competent a nd professional workers who will help in the communication, implementation and performance of the business. Teamwork is also a principle of management but due to various factors brought up by critics, it poses a threat to the business. This evident where bad leadership and management skills are present in a business’ operations. The senior leaders should set examples to their junior staff by being key team players and not joy riders whose main objective is to command and get a monthly pay. Greedy seniors who become traitors by providing competitors with sensitive information have been a threat to the success of most international firms. Remarkably, team involves both internal and external emotions of the employees. Differentiation in most business entities