Management Strategy

Management Strategy 1

RUNNING HEADER: Management Strategy

Management Strategies

Kimlyn Corridon

Kaplan University

CM 225-01

Professor Susan Schmitt

November 09, 2010

Management Strategy 2

Every company or business has its own Management Strategy. These strategies will be developed by senior management and then deployed to different organizational units for implementation. Depending on the business needs that management strategy will differ from the competitors. The three major components that must be focused on to implement a good management strategy are Business Communication, Project Management and a Business Plan.

When management decide to go forth with a new management strategy, there will be a need to communicate this with everyone weather it affects them direct or indirectly. According to Wynn (2010), Managers need to anticipate and adjust their communication to minimize the perception of threats during change. The main source of communication will be the corporate email system. Management will establish focus groups at the department level to address employees concerns. All communication has to and will be approved; the need for everyone to be on the same page so the goals is met in a timely manner. When necessary department heads will receive a weekly or monthly progress report. Implementing this proposed Management Strategy is vital to the success

Management roles are to discuss requirements for a given project. A full report will be needed for the cost, man power and materials. The decision is solely on the project manager to set time frames for each project and when to communicate the start of a new project. Project managers will also be responsible for reporting back to senior management the successfulness of each project. The success of the next project will depend on the results of the previous one.

Management Strategy 3

The Business Plan is the overall goal of the management strategy. The business plan must include a short term and long term goal of the company. According to Mochal (2007), most organizations are not committed to focus on the culture change long-term, and they do not want to spend any resources to do it. A common perception is that cultural change has to start at the very top of an organization. According to Bodnarczuk (2008), studies and field experience has