How personality factors affect global management capability - 2750 Words

How personality factors affect global management capability (Essay Sample) Content: How personality factors affect global management capability Studentà ¢Ã¢â€š ¬Ã¢â€ž ¢s name University Course Date How personality factors affect global management capability Introduction Management has been evolving for quite some time since the beginning of this century. Competition and the need to expand to global markets have led business to develop management competencies that can be on a global level. Research has shown that personality traits are important in leadership since they form the leadership traits that an individual has and can be used as a measure that can help improve management. Further, research has shown a close link between personality and job performance by the individual. Personality entails a blend of unique characteristics that distinguish an individual from another; these unique characteristics form traits that are applied in making leadership decisions and defining a leader CITATION Bal05 \l 1033 (Balkis, 2005). According to Hamilton (2001) leaders are identified through a combination of leadership and personality traits that differ according to situations that the leader is in. This gave rise to demographic homogeneity and diversity of personnel which increased globalization and cultural diversity in the workplace that needed deep and strong personality oriented individuals to manage this changing workforce. These traits can be appraised to determine leadership patterns that the individual posses and how they can be improved. This essay focuses on leadership and management skills based on personality traits using the 123 personality test and how they can be improved (123 Test, 2016). Global management capabilities Capability management is the balancing of the business economy to meet the operational requirements based on the available capabilities and developing future capabilities to meet strategic and operational objectives of a business. However, management capabilities have taken a global dimension with the increasing international presence of companies. Organizationsà ¢Ã¢â€š ¬Ã¢â€ž ¢ are preparing their managers for management skills on a global perspective that allows managers to take responsibilities anywhere that the organization sends them (Barrick, Mount Judge 2000). The need to have a manager who understands the strategic direction of the company is a pillar in the success of any business idea. Organizations have therefore changed the way managers are nurtured and created. Every organization is focussed on ensuring that its managers can take up global responsibilities. Therefore global capabilities are developed based on global-scale efficiency, local responsiveness, and the abili ty to leverage learning worldwide CITATION Vro00 \l 1033 (Vroom, 2000). Global managers build worldwide efficiency and competitiveness to meet the strategic needs of the business. Managers are developed along different personality types and soft and hard skills. Hard and soft skills in management Soft skills are subjective and undefined based on the relationships that they have with people. The subjective nature of these skills makes them difficult to measure but their results can be seen in output activities like effective communication and relationships that are build among employees in an organization. This means that soft skills exist more in relationships and the communication that people have. As global managers, several soft skills are important in building an effective manager. These skills include Problem-solving, Conflict resolution, Negotiation, Motivation and Leadership (Laker Powel 2011). McFarlane(2008) states that problem-solving is the ability of a manager to identify problems through understanding the cause of the problem and generate the best feasible solution that satisfies all the parties that are affected. On the other hand conflict resolution is the management and coordination of resources through equal and fair distribution. Marxists argue that conflict arises since resources are minimal and thus competition for the resources attracts imbalances that degenerate into conflict. Human needs proponents argue that a global manager needs to have skills that can identify essential needs of an individual that when threatened lead to conflict CITATION Rai02 \l 1033 (Rainsbury, 2002). Negotiation skills are used in relationships and making of business deals within the work environment. Vroom (2000)suggests that the manager needs to have skills of easily communicating with clients to sale the objectives of the organization and at the same time satisfy the client. Negotiation has been largely defined as a specialized form version of conflict resolution that is employed to arrive at strategic decisions. Negotiations can take different methods of analysis like integrative, process, structural, strategic and structural analysis (Muzio, Fisher, Thomas Peters 2008). Motivation skills are used to develop the work place and make employees to be engaged more in their work. McFarlane (2008) argues that managers need to identify a set of factors that motivate employees. Maslowà ¢Ã¢â€š ¬Ã¢â€ž ¢s hierarchy of needs shows that the individual focuses on meeting the next need that is up the ladder. Therefore the employee works hard to achieve the next level stage or target that has been set. Hard skills involve the technical skills that the manager needs to posses to create deliverable tangible outputs. These skills are applied in planning and scheduling of tasks, budgeting and assessing and responding to risks at the work place. The skills require the managers to have academic competencies that are based on academic skills that the manager acquires in class.(Ployhart, Lim Chan, 2001). As a global manager it is relevant to understand the leadership and management patterns that are appropriate to the trends that exist within the system. Muzio, Fisher, Thomas Peters (2008) argues that, a global manager has to establish the right mix of both soft and hard skills in management. Different situations in management call for different management skills that are relevant to an organization. The Big Five personality traits Rothmann Coetzer (2003) state that the big five personalities are grouped together using factor analysis using the suggested descriptors of personality. Trait theorists have argued that these five traits are the structure behind all the personality traits that exist. The five traits are extraversion, agreeableness, openness, conscientiousness and neuroticism. Each of these traits has some primary factors that relate to it. The aim of this model was to correlate academic and personality behaviours that guide the personalities of individuals. From an analysis of personality traits I will analyse the extraversion personality which is my strongest personality type with a score of 76 (123 test, 2016). Extraversion personality indicates easily outgoing individuals who are social and easily relate with others. These personality individuals enjoy being with other people and working social or group situations. With this regard the individual can easily manage group dynamics by fitting in groups and stimulate others through engaging them. Individuals with these sub-traits are friendly, gregarious, assertive, and cheerful and excitement seeking (Rothbart, Ahadi Evans, 2000). Researchers have argued that extroversion is strongly linked to leadership, from the assertive nature of this personality type; it is easy to take up leadership roles when working in groups, individuals with such like personality types are energetic and highly adaptable with positive outlook (DeYoung, Quilty Peterson 2007; Feiler Kleinbaum 2015). Further research has linked extroverts to intelligence which is a key measure in problem-solving and influencing followership. Jobs that require high interaction with pe ople are best suited for extroverts. How extrovert personality impacts global management capabilities Extroverts are born with the essential to speak and socialize with other people at the work place. This personality types present both negative and positive impacts at the work place and on larger global management perspective. Extroverts have been described to make good networks through building right connections that make them easily noticed by people. Since the personality type exhibits influencing characteristics, I can easily associate with others and make the best relationships. Leaders are supposed to be vocal and have the ability to face issues easily rather than keeping quite. Leading an extrovert group can make management accountable for the decisions they make and increase the ability to solve problems at work level. The personality type makes me overwhelmed with lots of praises due to the ability to rally the troops to do just about anything at just about any time. Psychologists have described extrovert leadership as working better in situations where members require spoo n-fed motivation. Sometimes global management becomes a challenge to extroverts since different group characteristics have different attitudes and defined traits that may not work well with extroverts CITATION Pau01 \l 1033 (Paunonen Ashton, 2001). On the other hand being too vocal can make my teams look inferior and thus easily comply with decisions that are made. I am a poor listeners who easily tramples on others by acting without thinking and thus on the extreme, these capabilities have been described as subpar. Sometimes somebody needs to speak up so that people can realize the mistakes that they have made and correct. Introverts will fear extroverts and fail to ask them questions since they cannot afford to be too talkative. However,, I can make a better leader if I create groups that offer a contrast to my abilities. This makes me proactive and deeply engaged in team leadership. ...

Social And The Environment Impact On Business - 866 Words

Business people today are more aware about the social and the environment impact of their business than in the past. They start taking into account activities in helping others and preserving the environment as a main part of their business model. Business is no longer solely aim for profit as they have much larger purpose than that. However, to achieve that purpose, the business people need the Government and NGOs to create strong synergy in achieving the desirable outcome. For more than five years I had been participating in many social works, focusing on helping people start their own business and become entrepreneurs by giving them tools in how to start and manage their business. Through that time, I didn’t see this type of approach was effective, as many NGO’s and Government were doing similar activities in helping them. Many NGO’s mostly depend on donors and foundation for charity-like of approach which is hard to be sustained. Most of startups and Small Medium Enterprises need support in longer time, not just one off. At least they need the support until they have capacity in solving their basic problems. This is where a synergy between business entities, government and NGOs are greatly needed. There will always be pros and cons of business working together with Government and NGOs, because bureaucracy is often perceived as an obstacle to move business forward. However, even though working with government will need longer time to get the result, business shouldShow MoreRelatedThe Power of Social Media and Its Impact on the Current Business Environment1529 Words   |  7 PagesThe Power of Social Media and its Impact on the Current Business Environment The number of internet users has increased over the last decade due to the development of new technologies, internet availability and improved connectivity. Various online communications platforms have been invented and are widely used for both personal and business purposes world wide and social networking is the latest communication platform helping people connect to each other across different places. Its introductionRead MorePest Analysis Example999 Words   |  4 PagesExample If you re a student of marketing and business studies then you must have come across the term PEST Analysis . Here are a couple of PEST Analysis examples to clarify the concept further. You cannot imagine the amount of hard work and research that is involved whenever a new product or commercial utility is launched. For that matter, any change in the business management and development strategy calls for minute scrutiny of the environment which would form the background for such changeRead MoreSocial Responsibility Of A Business1444 Words   |  6 Pagesareas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promotingRead MoreMarketing Micro and Macro Environmental Factors1669 Words   |  7 PagesMacro and m icro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitorsRead MoreImpact Of Globalization On Business Environment1713 Words   |  7 PagesEvery now and then disruptive events happen in the business world such a technological change, industry changes, market changes or even societal changes that greatly impact the continual success of a business. More so we live in era where these changes are only accelerating increasing uncertainty and the growing complexity of the business world. Economic power continues to shift eastward and different markets and trad e linkages are emerging causing the boundaries between industry and sectors to blurringRead MoreWhy Sustainability Is An Essential Part Within The Business World1596 Words   |  7 Pagesin the operation of the business world. The idea is to run a business in a way that guarantees the future security of the planet as well as the business by managing its monetary, environment and social frameworks effectively. Hence, the main goal of sustainable business is to continuously strive to have a positive social effect, a minimizing natural effect while maximize the financial bottom line and It could also be said that the business must focus on the long-term impact of these three dimensionalRead MoreGlobal Factors Affecting Business1002 Words   |  5 PagesGlobal factors affecting business The way of running the business differs from country to country. The marketing, sales and technical skills are required to increase the productivity of business. Business in general is enhanced when people from different cultures find new approaches to old problems, creating solutions by combining cultural perspectives and learning to see issues from the viewpoint of others. Business Environment consists of factors influential to the business operations. These factorsRead MoreElements of Small Business Environment1534 Words   |  7 PagesELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV. CONCLUSION Read MoreSocial Implications Of Business Ethics1601 Words   |  7 PagesAssignment 3 Social implications of business ethics Introduction In this assignment I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity. I have then been asked to assess these social implications of business ethics. The business organisation I have chosen for this assignment is ‘Boots’. Social implications (P3) Social implication is a term used to describe the actions of a business that will have an impact on societyRead MoreSocial Factors – Business Environment1481 Words   |  6 PagesSOCIAL FACTORS – BUSINESS ENVIRONMENT Introduction: The main factor that affects most business is the degree of competition – how fiercely other businesses compete with the products that another business makes. The other factors that can affect the business are: Social – how consumers, households and communities behave and their beliefs. Legal – the way in which legislation in society affects the business. Economic – how the economy affects a business in terms of taxation, government spending

Research Instruments

Question: Discuss about practical and ethical issues an experience of the survey. Answer: It is very important to choose proper instrument for conducting the research work. The most popular instrument for collecting the quantitative data from the sample population of the research work is survey questionnaire. In order to conduct a survey, the questionnaire design is very vital. The data collection method of the qualitative research work can be efficiently done by using the interview. In order to conduct the interview, an interview guide is required (Krathwohl, 2009). Practical and ethical issues: The effectiveness of the research work is dependent on the questionnaire used for the data collection method. There are two types of questions: close ended and open ended questions. The questions that have some options or the multiple choice questions are the close ended questions and the questions which required some descriptive answers are considered as the open ended questions (Bryman, 2006). The questions should be attractive also which can ensure that the respondents will not be bored at the time of give their responses to the questions. Generally, the quantitative data are gathered through the use of close ended questions. On the other hand, the open ended questions are used for the collection of qualitative data (Johnson Onwuegbuzie, 2004). Use of the questionnaires for the survey method is associated with some ethical considerations. Before conducting the survey, the consent of the respondents should be taken. The questions should be simple and straightly connected to the research topic. The language of the questions should be clear and formal (Onwuegbuzie Leech, 2006). The questions of the interview should not harm anyones sentiment. The interviewer should not ask any personal question which is not related to the research work. Like the survey, the consent of the respondents is required before conducting the interview (Venkatesh, Brown Bala, 2013). Experience of the survey: The survey was little bit lengthy as it was almost 7 pages long. Generally, people pay little attention to conduct a lengthy survey. Length of 3-4 pages is quite effective for gathering the feedbacks of common people. The questions were good enough to gather the feedbacks against the infrastructure of the university, but too many questions were used in the same area. I got tired to answer some the questions which are about the same fact. The open ended questions were good to collect the viewpoints of the students about the infrastructure of the university and the experiences gathered by the students to complete the study within the university. The questions were clear enough to understand the meaning and then give proper answer to the questions. The questions can be treated as leading as these were able to collect the details about the different types of experiences of the students. I would like to prefer the closed questions, because these questions are less time consuming. Choosing an option from some specific alternatives is much easier than providing written answers. The overall experience can be shared through the use of the close ended questions where the answers to the open ended questions is required to be analyzed to get the idea about the overall experience i.e., whether it is good or bad. I would like to choose the close ended questions for my own research work. Common people have less interest to give responses to the work of another person. In this context, too lengthy questions which require a lot of words to be written will not be able to get the desired level of interest of the target population of the data collection. As the close ended questions takes less time for thinking about the answers, the people will be able to give their responses quickly. The answers which are come within an instance are more effective to know the actual perception of the people. This activity helped me a lot to understand the practical implementation of the data collection process through the use of the survey questionnaire. I have gathered the knowledge of practical issues from my own experience of participating in a survey. I will use this experience in my future research work to achieve the desired level of success by avoiding the potential issues. I will avoid the use of the facts which made me less interested to take participate in the survey such as the wordy open ended questions or similar types of questions. I will also try to design a short questionnaire of 3 to 4 pages. References: Bryman, A. (2006). Integrating quantitative and qualitative research: how is it done?.Qualitative research,6(1), 97-113. Johnson, R. B., Onwuegbuzie, A. J. (2004). Mixed methods research: A research paradigm whose time has come.Educational researcher,33(7), 14-26. Krathwohl, D. R. (2009).Methods of educational and social science research: The logic of methods. Waveland Press. Onwuegbuzie, A. J., Leech, N. L. (2006). Linking Research Questions to Mixed Methods Data Analysis Procedures 1.The Qualitative Report,11(3), 474-498. Venkatesh, V., Brown, S. A., Bala, H. (2013). Bridging the Qualitative-Quantitative Divide: Guidelines for Conducting Mixed Methods Research in Information Systems.MIS quarterly,37(1), 21-54