Premium Essay

Management Practices in Germany

In: Business and Management

Submitted By FerojAlom
Words 312
Pages 2
The Role of a Manager
Subordinates demonstrate their respect of their supervisors and managers by following their directions to the letter. In return, managers provide explicit directions and ensure that their subordinates have the proper materials and understand the appropriate procedures. All work hard within the official working hours. However, neither managers nor subordinates expect to work past normal quitting time.

There is often a gulf between managers and their subordinates, although this is less so in newer companies, high tech, or other high growth industries. Managers are expected to give precise directions when assigning tasks so that there is no question what is expected.
Approach to Change
Germany’s intercultural competence and readiness for change is low, meaning that social change is difficult to bring about and the idea of it is not received with enthusiasm. The underlying belief is that change may threaten the social fabric.
Approach to Time and Priorities
Germany is a controlled-time culture, and adherence to schedules is important and expected. In Germany missing a deadline is a sign of poor management and inefficiency, and will shake people’s confidence. People in controlled-time cultures tend to have their time highly scheduled, and it’s generally a good idea to provide and adhere to performance milestones.

Since Germans respect schedules and deadlines, it is not unusual for managers to expect people to work late and even give up weekends in order to meet target deadlines.

Effective cross cultural management skill will depend on the individual’s ability to meet deadlines.
Decision Making
For effective cross cultural management it is important to remember that in general, subordinates do not expect their managers to seek their concurrence. They are comfortable complying with decisions. Again, this may depend upon the industry,…...

Similar Documents

Premium Essay

Strategic Management Practices

...industry in addition to competition in market is getting intense day by day. The management is required to optimally deploy its resources for enhancing profitability and growth of business. The need of minimizing to vulnerability of depending on single market is also crucial and required business expansion in different regions. It is therefore necessary for the management of the bank to strategically utilize its limited resources so that the growth of the bank can be maintained in the competitive environment. The role of management practices is crucial in ensuring the business growth but necessary to be aligned with the rapidly changing behavior of market. It was highlighted by Charles Hill & Dr. Jones (2007; pp. 335) that management enhances its skills for exploring new business opportunities and deploys its resources to fulfil the needs of market. In this regard the strategy of business is also required to be appropriate so that it can enable the management to attain its goals. These measures particularly enhance the management skills through which the influence of market environment on operations can be ascertained. It is therefore crucial for the management to adopt appropriate strategy because it helps in strategically managing the operations of bank. Through strategic management practices the growth of bank can be instigated in the market. In this project, strategic management practices of the Royal Bank of Scotland (RBS) are explored. 2. Research......

Words: 3307 - Pages: 14

Premium Essay

Financial Management Practices

...Financial Management Practices Good financial management is crucial for the expansion of any business. Successfully placing finances in order means a business can work more efficiently. One of the essential challenges in health care is to manage effectively the finances of the organization. Health care is unique in the way an organization operates based on the finances. This paper will identify effective and ineffective financial management practices that can help to make a company successful. Successfully managing the finances, such as budgeting and cash flow can mean the organization will always have enough money to pay any creditors and also have enough of a profit to operate the business. Effective and Ineffective Financial Management Practices Too often managers have an understanding of their product but not the financial statements of the organization. The manager must have an understanding of what is happening within the organization. The success of the organization can only be ensured by focusing on the factors that affect the performance of the organization. Having and focusing on a plan is essential for the survival of an organization; more so in the health care world because of the many and different areas of revenue. One major area of concern in health care is the third-party payer system. Health care does not have a single billing system for all customers. Managers have to deal with rules and regulations and payment systems from many government and......

Words: 713 - Pages: 3

Premium Essay

Evolution of Management Accounting Practices

...AN EMPIRICAL INVESTIGATION OF THE EVOLUTION OF MANAGEMENT ACCOUNTING PRACTICES by Magdy Abdel-Kader University of Essex and Robert Luther University of Bristol WP No. 04/06 October 2004 Address for correspondence: Magdy Abdel-Kader Department of Accounting, Finance and Management University of Essex Colchester Essex CO4 3SQ UK E-mail: mabdel@essex.ac.uk 1 An Empirical Investigation of the Evolution of Management Accounting Practices Magdy Abdel-Kadera and Robert Lutherb a: Department of Accounting, Finance and Management, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ (Correspondence address) b: Bristol Business School, U.W.E., Bristol, BS16 1QY The authors are grateful for the constructive comments of participants at the EIASM conference on New Directions in Management Accounting: Innovations in Practice and Research, December 2002, Brussels. Financial support from the Chartered Institute of Management Accountants is acknowledged with gratitude. 2 An Empirical Investigation of the Evolution of Management Accounting Practices Abstract This paper investigates and reports on the status of management accounting practices in UK industry. The analysis operationalises the IFAC statement on Management Accounting Concepts and its description of the evolution of management accounting. The results, based on responses from 123 practising management accountants, suggest that the management accounting employed in many UK industrial companies......

Words: 11706 - Pages: 47

Premium Essay

Management Practices

...Management Practices at Amazon Fulfillment Center Aneshia Y. Glover MGT330: Management for Organizations Instructor Tracy Green September 30, 2013 Management Practices at Amazon Fulfillment Center No two businesses are run the exact same. Every business has a system that they follow when it comes to planning, leading, organizing, staffing and controlling. With each of these management practices comes different responsibility and the purpose they serve with the ultimate purpose of achieving organizational goals. I currently work at an Amazon fulfillment center which is a multibillion Fortune 100 company founded in 1994 headquartered in Seattle, Washington. Their mission statement is “to be Earth’s most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices” (Amazon, 2013). This particular company is one that works online selling well over thousands of different items from clothing, jewelry, books, shoes, electronics, even grocery items, anything you could possibly imagine! Not only do they sell their particular items, but they also hold an e-commerce platform in which they sell other retailers and individual seller items. One would ask how a company of this magnitude, with more than 45 fulfillment and customer service sites in North America could become so successful, but the answer lies at the beginning and how this establishment is run today. I......

Words: 2330 - Pages: 10

Premium Essay

Management Practice in Usa, Japan, China, Germany and Bangladesh.

...Introduction: Management practice around the globe has a lot diversities because of the presence of different social, economic, political and legal and tax systems. After independence the industrial enterprises of this country were initially brought under the control of the government. Very soon it was realized that the nationalized sector was not performing as desired because of unsuccessful management practice. Since then the country has been going through denationalization process. And then every type of concepts and theories of different countries has been practicing in our country. But it is very difficult to say which type of management practice should be applicable for our country. This paper is just an attempt to analyze the different types of management practice especially in U.S.A., Japan, Germany and China in the context of Bangladeshi management practices on the basis of the basic functions of management. As per the findings, management practice in Bangladesh is not being dominated by any specific country's management practice. This paper will describe what types of management practice are made in those countries with respect to socio-cultural or environmental circumstances and other legal and govt. policies. Why will we analyze and/or study Management Practices among the countries? The concept of comparative management has become more important in recent years because of the growing influence of multinational companies and global corporation. MNCs are......

Words: 3670 - Pages: 15

Premium Essay

Project Management Practices

...PMI® Case Study QUARTIER INTERNATIONAL DE MONTRÉAL: 2005 PMI Project of the Year The Quartier International de Montréal (QIM) project was an enormous urban revitalization project that comprehensively revamped a large portion in the center of Montréal city in Canada from bottom up. The QIM team used standard project management techniques to coordinate the project’s many complex activities, plan for risks, and accommodated last-minute changes to the project plan by the City of Montreal. As a result, the QIM project was completed within budget and schedule, and was lauded with international accolades. Background Montreal is an industry hub in North America that frequently plays host to the business, tourist and international communities. It features a large business district and the Old Montreal town center, and between these two sectors ran an expressway that was not only unattractive, but impeded the potentially lucrative flow of pedestrian traffic. The QIM project’s goal was to revitalize these two areas. The QIM aim was to accomplish two things: 1. Restore communication between two city sectors vital to tourism and economic development; 2. Revive an entire sector, making it a reputable international district exhibiting Montreal’s new dynamism and ingenuity The two-phase QIM project involved major urban changes. The team had to: • Cover an expressway • Overhaul a sewer and aqueduct system • Increase sidewalk surface area by 40 percent •......

Words: 929 - Pages: 4

Free Essay

Principles and Practices of Management

...Principles and Practices Of Management PART - A Q1. “Management is a combination of Arts, Science & Profession” Explain fully. Ans. Before writing a write up on “Management is a combination of Arts, Science & Profession” I would like to write something about the management. Management Management is to create a team which accomplishes pre-determined goals with more efficiently in a prescribed time period as planned/decided. Management actually is planning, organizing, directing, controlling & coordinating supported by leadership, communication, motivation and morale. Now I would like to start Management as Art and afterwards I will write about management as science and profession in detail. Management as an Art 1. It requires conceptual, technical, human relationship & decision-making skills. a) Conceptual Skills: Ability to see the “big picture” to recognize significant elements & to understand relationship among the elements. b) Technical Skills: Is knowledge of & proficiency in activities involving methods, procedures & pressures e.g., Mechanic works with tools & Superior show knows how to use these tools to teach them. c) Human Relations: is ability to work with people; it is a cooperative effort; teamwork; create an environment where people feel secure & free to express their opinions. d) Decision: Ability to solve problems in ways that will benefit the enterprise. 2. It requires knowledge: Learning &......

Words: 14060 - Pages: 57

Free Essay

Management & Leadership Practice

...job is to evaluate the situation. A good choice is to make a team to evaluate the situation, then make a recommendation to management on how to fix the problem. A key reason is “Employee training helps increase productivity at the business. If workers are confused about a process or lack the knowledge required to complete the job successfully, they may waste work hours trying to figure out the concept.”( www.ehow.com). To help with issues that might arise with management that is against implementing a training program, one can point out that it “Increase’s efficiencies in processes, resulting in financial gain.”( managementhelp.org). Management may be hesitant at first because of the possible cost in initiating a training program. Also management might worry about employees being resistant to going back a learning or relearning a process or skill for their job. Though again it should be pointed out that employee mistakes costs firms money, and training can cost money but also can save money in the long run. It is important for training to be presented to employees in a fashion that it is conducive to learning. In order for management to go forward on a training program and use training in the future, the training has to show results. “Training needs to be presented in context so that participants can absorb the principles and practice the skills, in the context of their daily roles. Training like this can bore participants to tears and turn them......

Words: 431 - Pages: 2

Premium Essay

Management Practices Memo

...MEMORANDUM TO: II Level Supervisor Team FROM: Bernadette Marks VP. InterClean Sales DATE: December 7, 2009 SUBJECT: Business and Management Practices CC: Board of Directors In response to the recent merger of InterClean and Envirotech Inc, several changes have been implemented in order to ensure the successful and seamless transition of the merge in regards to company policies and practices. It has come to the attention of upper level management, as much excitement that has been circulating via emails, conversations and meetings, there have also been some valid concerns about these changes and how they will effect departments, management and our employees. The important thing to remember is this is normal activity, and what we do to maintain professionalism throughout the duration of these changes will impact the outcome of the success of the merger. The purpose of this memo is to introduce you and your team innovative strategies to positively endure the changes and increase productivity and morale among the employees. As leaders of this company, what we communicate to our teams and the level of professionalism that is displayed plays an integral part in focus and productivity. That being said, the only information that should be presented before the employees are facts. With the surge of hearsay circulating through emails and conversations that has been indicated, we want to make sure as leaders that we are conveying positive messages......

Words: 710 - Pages: 3

Premium Essay

Management Practice

...MANAGEMENT PRACTICE S.A.I.M. S.A.I.M. CASE-STUDY WORKBOOK Prepared by Dr Norris W Dalton. Copyright 2002 SAIM Management Practice 1 Copyright @ 2002 - South African Institute of Management All rights reserved. No part of this publication may be reproduced or transmitted in any form by any means, electronic or mechanical, including photocopy, recording, or any information storage and retrieval system, without permission in writing from SAIM. Copyright @ 2002 Copyright 2002 SAIM First Edition (2002) Management Practice 2 MANAGEMENT PRACTICE CASE-STUDY WORKBOOK CONTENTS Page 1. Introduction. 5 2. Management in Context. 7 3. Learning to be a manager. 9 4. Case-study analysis. 11 5. Problem-solving and decision-making. 14 6. Caselets: First-line and Middle-management (Tactical/operational levels). 21 7. Case-studies: Executive / Senior management (transitional / strategic level). 119 8. Case-studies: Management failures (Reference studies). 173 9. Lessons: 201 Business {Managerial) Failure. 10. References and Further Reading. Copyright 2002 SAIM 207 Management Practice 3 Copyright 2002 SAIM Management Practice 4 MANAGEMENT PRACTICE Management Principles are easy; Management Practice is difficult. 1. Introduction The Theory of Management (20%) is easy and can be learnt in a classroom setting, since it relates to knowledge acquisition and......

Words: 40484 - Pages: 162

Premium Essay

Best Practices in Performance Management

...Best Practices in Performance Management Bre’Onda Scott Capella University Best Practices in Performance Management Charles Schwab, a famous American steel magnate and businessman, once said, “The way to develop the best that is in a man is by appreciation and encouragement” (Pace, 2002). Schwab apparently understood how to connect with employees on a level that would not only motivate their morale, but would also enhance their performance and production. Schwab was not the only one to make such a discovery, as many organizations now understand and implement strategies to manage the performance of their employees. One of the many organizations that have a performance management plan in place is Virginia Commonwealth University Health System (VCUHS). Performance management is defined as “the process through which managers ensure that employees’ activities and outputs contribute to the organization’s goals” (Noe, 2016). VCUHS has put an entire department together to manage the performance of its 9,000+ employees. This team, known as the Department of Performance Improvement, has a focus of supporting the mission of VCUHS by guiding quality processes, remaining compliant with regulations, cost-effectively utilizing resources through internal and external benchmarking, collaborating with company leaders to identify process redesign opportunities , and much more (Mission Statement, n.d.). All of these are part of the current performance management system and is based on......

Words: 1063 - Pages: 5

Premium Essay

Dell- Leadership and Management Practices

...lead. Michael with his smart vision, mature thinking, and practices, Dell as whole is moving forward as a single man. His practices consist are as follow: Informing the organization about all decisions, future decisions, training the whole organization to the highest standards. Michael Dell, always Tells the whole organization about all current decisions, and the status on every service that Dell provides. Meetings are held in local meeting rooms, webinars, conference calls are scheduled every week with each employees, to inform about current processes. In other words, the sales organization gets into that virtual meeting with Michael and the regional sales directors as well as other executives to see where they are standing in the current fiscal year, what products are suffering a decrease in the sales force, what others are flourishing, What needs to be focused on, what needs to be thought, what needs to be done in the sales organization. For the support side, other metrics are taken in consideration. The number of cases that have been resolved within the given timeframe, the ones that haven’t, customer satisfaction number or CE for customer experience. Also, Dell shares some surveys from the customers with the employees to get feedback on how to improve what can be improved or simply to just to thank the current outstanding performances. And this goes to all the department of the company. The way I see this practice, it is a motivation for each individual to thrive......

Words: 5810 - Pages: 24

Premium Essay

Management Practices in the Nhs

...Article Analysis * Article Details Title: Management practices in the NHS Author: Nick Bloom and John Van Reenen Publisher: Centre Piece Winter 2009/10 * Article Summary about 200 words: This article is showing the management practices in the NHS and how we can improve the performance of the hospital within National Health Service. So that, the CEP researchers do a survey of clinicians and hospital managers that show, how well are NHS hospitals managed - and what could be done to improve this? Also the author mentioned that there is a significant different in the performance of hospitals within NHS, also the measure used and the all indicators show a wide spread of performance between hospitals. Moreover, as the author mentioned that the variation in performance parallels other parts of economy. In addition, they do a new study and they apply to hospitals a modified version of the methodology for measuring management practices that we have used successfully in the manufacturing and retail sectors. Also they do another study and they interviewed doctors and managers in orthopedics and cardiology in acute hospitals in England, using an evaluation tool that defines and scores 18 different management practices from one to five. And the author mention that they score management practices within three broadly defined areas which is Monitoring, People and Target setting. The author shows that they did an interview for 161 clinicians and managers and they got a high......

Words: 875 - Pages: 4

Premium Essay

Management : Theory, Practice, and Application

...Anitra Martin Axia Management: theory, practice, and application Ronald Sprague MGT/330 September 19, 2011 There are four functions of management, planning, leading, organizing, and controlling are instrumental to meet organizational goals. Planning is typically performed by managers, however, employees should be provided an opportunity to voice opinions and offer suggestions. Most of the employees, when given the opportunity, have the ability to provide insight and a unique approach to problem solving. In an organization such a Halliburton the managerial staff must be separate from the rest of employees as a manager’s responsibilities are different. Managers within Halliburton use the four functions of management to direct employees and reach organizational goals. Every organization is influenced by legal issues, ethics, and corporate social responsibilities. Halliburton has dealt with all three of these examples. Halliburton sets organizational goals at each level of operation. To reach these goals Halliburton employs four contrasting planning methods including; strategic, tactical, operational, and contingency planning. Halliburton is a diverse company that operates across many regions throughout the world. With such vast operations Halliburton must have a successful planning process. As Halliburton continued to expand the organization deemed it necessary to form two main divisions. The two divisions consist of drilling and evaluation and......

Words: 1226 - Pages: 5

Premium Essay

The Practice of Management

...Assignment THE PRACTICE OF MANAGEMENT BY PETER DRUCKER The introduction is titled “The Nature of Management” and features three chapters. The first chapter is titled “The Role of Management”. The first two sentences in this chapter might be the best definition of a manager anyone has ever written. Drucker states that “the manager is the dynamic, life-giving element in every business. Without his leadership the “resources of production” remain resources and never become production”. To me this sums up what being a manager is all about. Later in the chapter he says “from the peak there is only one easy way to go: downwards. It always requires twice as much effort and skill to stay up as it did to climb up”. A powerful statement, that many do not realize. The second chapter, titled “The Jobs of Management”, Drucker talks about how the jobs of management are usually not known by people within the company. People know who the managers are but aren’t quite sure what they do. He breaks down what a managers’ job involves into a couple of key areas. The first of which is “economic performance”. With this Drucker say that management must always put economic performance first in every decision and action they make because this will justify their existence. Other areas of this chapter focus on management functions which include: their first job is managing a business, managing managers and managing both worker and work. The third chapter is called “The Challenge to Management”.......

Words: 2971 - Pages: 12