Critical Business Issues And Self-Evaluation Essay

Critical Business Issues And Self-Evaluation - Essay Example The global business environment is constantly changing by the day, and these changes impose certain limitations and requirements on the present day organizations; the successful organizations are those that are able to make appropriate adjustments in response to the changes taking place around them. Inability to respond to these changes undermines organizational effectiveness, leading to utter losses and organizational failure accordingly; in this respect, excellent managers are able to make intelligent trade-offs in pursuit of performance and sustainability in the long term. In the current global system, therefore, adaptability or, the capacity to change in the face of increasing pressure in the highly competitive and complex global business environment, is a fundamental precursor to the successful business. As it stands, organizations today are increasingly facing new challenges, and the role of managers has changed drastically from the traditional one since they have to find new w ays of addressing new challenges that beset their organizations today. In this respect, one of the greatest challenges faced by organizations today is the establishment of the right kind of leadership that can yield new innovative approaches to addressing current organizational challenges. Organizational management has to ensure that organizational goals and objectives are met in the most efficient ways possible, even as it strives to steer the organization towards that desired future state, where performance and sustainability are guaranteed. Due to the changing global business environment, particularly as a result to the increased global interconnectedness that has emerged following globalization and technological pressures, organizations have inevitably found it hard to continue operating in their conventional ways. New situations at the workplace have demanded completely new approaches to solution finding and organizations have come under great test as they have been subjected t o rapid changes that have necessitated rapid responses. The highly dynamic and complex business environment today has, therefore, instigated the evolution of the role of managers and leaders today; the changing roles of managers is a function of the new order, which requires that managers adopt new approaches to addressing organizational challenges. Apart from the changing role of managers, the other theme of fundamental importance at the workplace today is teamwork; successful organizations are those that are able to leverage on the pooling of talents, skills, and knowledge of teams to accomplish their organizational objectives. Teams possess greater capabilities as opposed to single individuals working independently because they bring together individuals who are jointly working towards the achievement of common objectives through shared commitment and mutual sense of purpose. Leadership, is a great organizational challenge today, particularly because, organizations seeking to res tate their presence in the global business space need to adopt a new kind of leadership capability that can reframe challenges, interpret options, and provide direction by reforming organizational operations (Powell 2007, p.2). The challenge of leadership, especially in these turbulent times, is becoming real by the day since organizations cannot continue to rely on conventional approaches such as restructuring and reengineering alone.