The purpose of this group is to share research in Business Management, Business Administration, Core Business Activities and related fields

Your experience

5 replies, 2 voices Last updated by  Ayesha Majid 1 month ago
Viewing 6 posts - 1 through 6 (of 6 total)
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  • #22969

    Paul STOCK
    Participant
    @stogie55

    Paul Stock:  What is your experience with Business, Business Administration, and/or Management?  Why did you join this group?

     

     

    #25275

    Ayesha Majid
    Participant
    @ayeshamajid

    I’m a Business Management Student and I joined the group so that I can learn from the shared knowledge in this platform and have healthy discussions with fellow group members.

    #25302

    Paul STOCK
    Participant
    @stogie55

    Paul Stock:  Thank you for that answer, Ayesha.  It’s great that you are studying Business Management.  One important topic that is trending in the field of Business Management is called “Change Management”.  Have you heard of it?

    Change Management is the skill of performing effective management when factors keep changing.  It’s a challenge to manage effectively during change.  Most of the factors that change are beyond your control, but the change affects your company.

    An example is when your budget is reduced 20% and you have to decide how to reduce your spending by 20%.

    Have you ever experienced “Change Management”?

     

    #25410

    Ayesha Majid
    Participant
    @ayeshamajid

    Yes I have heard of it, and what I have understood so far about it is that Change Management has its roots in Operational Innovation and the strong desire of firms to achieve Operational Excellence.

    #25411

    Paul STOCK
    Participant
    @stogie55

    Paul Stock:  That’s right, Ayesha.  The change is usually implemented by the company to improve efficiency, reduce costs, or to shift priorities.  However, the change could come from outside the company like the government policy, laws, or taxes.

    Also, whenever there is an unexpected change it requires the manager to react.  A good manager has the ability to quickly change plans with minimal side effects.  Some managers get very frustrated when there is frequent change, but you have to stay calm and deal with the situation.  Some managers are better than others at handling change.

     

    #25414

    Ayesha Majid
    Participant
    @ayeshamajid

    Thank you for the insights and enlightenment 🙂

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