Managerial Skills and Concepts Globalization

Question: Discuss about the Managerial Skills and Concepts for Globalization. Answer: Introduction Reflection is the self-evaluation process of thinking the things you did in the past their benefits, consequences and the reasons you undertook the decisions and how you are going to do them better. Reflections may use meditation to focus on events and how to do them better. People always think mediation is same as reflection, but they are different (Boud, Keogh, Walker, 2013). However, they have same goals of checking how things were done and ways to improve them in future either in an organization or one's life. People are always fast to act, and sometimes they may do things which do not please others, but they are wrong. The main of reflections is to be able to do or become a better person by making a decision which has been deliberately though on what you wish to achieve (Harris, 2008, pp. 379-390). The business world is full of many choices, and therefore it is important for managers and all the stakeholders to continuous reflect on their past actions and what they intend to do better in the future. The aim of the business is to make profits, but sometimes it may engage in unlawful ways trying to have a competitive edge in the market (Casadesus-Masanell, Ricart, 2010, pp. 195-215). Competition is rampant as the number of entrepreneurs' keeps on increasing as business is a lucrative venture for many people. Huge profit margin ensures that the company survives in the challenging environment. Globalization, however, has made companies look for new ways of doing business by engaging in international trade to look for more markets. It is through reflection that companies have been able to see the problem in marketing and start engaging in foreign markets. This paper will look at managerial skills and concepts aiming at using reflection to achieve this well for the continuity of the businesses (Porter, 2008). Management Team The administration of the organization is composed of the owners and the managers who oversee the execution of the owners' ideas. The stakeholders are the people who came with the concept of the opening of the business and starting capital. They then employ managers with skills to run the businesses on their behalf (Alshareef, M. N. Z., Sandhu, K., 2015, pp.1). They have to be given a report by the directors about the progress of the firm. Reflection is essential for the stakeholders as part of the management for they see whether their objectives are met and the results achieved. The owners then have a mandate to control the business activities to ensure its success in the future. They should be determined and focused in ensuring targets are met. The managers they choose must be experienced and with a track record of excellent leadership qualities to lead the business in the right direction (Robbins, S. P., DeCenzo, D. A., Coulter, M. K., 2008).The many changes have been caused by technological changes which have been as a result of people looking for new ways to avoid competition. Creativity and innovation are key elements in any good manager that business owners seek to oversee their activities (Bandyopadhyay, D., Sen, J. (2011, pp. 49-69). However, to make better decisions businesses must reflect on where they were and how they have tr ansformed in their desire to achieve their goals and objective. Managers who are the people overseeing the activities of businesses have an obligation to manage the organization well to meet its targets. A reflection is a tool necessary for all parties in the group as they strive to ensure that the goals and objectives are met entirely. Managers have the responsibility to take time and see the progress of the business and see whether it conforms to the long-term objectives. The reflection helps them to see the areas that need change and the decisions that need to be implemented for the success of the business. After the reflection, the managers can have new ideas, and this can be creativity and innovation the firm can use to propel it to great heights. However, they need to evaluate the ideas through the consultation with the owners of the business to see their acceptability. These are important as they are not allowed to make any decisions alone but after discussion with the owners. Managers should be risk takers, but the steps or decisions they make for the businesses must be well examined to ensure that no losses are encountered. Intensive research must be done to ensure that decisions made are well supported to be the best. Therefore, managers are supposed to be visionary and make decisions after correctly refle cting on the past events to make better future decisions which have the highest probability of making the business succeed (Fayol, 2016). The Workforce The employees of the organization help the business in achieving its targets. The management expects them to be innovative in their works thus ensure the organization is unique in the activities it undertakes. Employees must reflect on their work and see the mistakes they made and new ways to improve their ways of executing duties. Reflection is essential for an employee to think about the performance of the organization and see the goals and objectives which are the guidelines for their duties. Employee appraisal means more incentives or advantages thus all workers must critically think about their performance to ensure future improvements (Singh, 2000, p. 15-34). Recommendation Reflection is not only necessary for the management team but all business stakeholders to aid in providing high returns are achieved. It is a continuous process for better improvement of the parties involved. The success of the firm is guaranteed by the decisions it makes and therefore, during this process reflection necessary for better solutions to a problem to be identified. Businesses have to be aware of their past achievements and strive to be the best in the market. Reflection is the problem solver of the entire market crisis. It initiates the thinking process of the people and gives them a greater picture on how to view things in the environment. The people are therefore able to see the strengths, weaknesses, opportunities and threats that prevail in the environment. Managers govern the employees, and there is a great need for them to take time and reflect on the performance of the business in the past like the failures and success. These would make them be in a better positio n to design new methods or ways of doing business. Managers must have leadership qualities of governance to ensure that they continuously remind the employees when they go astray (Srivastava, Mock, 2013). Conclusion However, mistakes are common for every successful business as they remember the business of the bad choices they made hence correct according and not repeat it in future. Managers must not be hard to the employees when they make mistakes but find out the causes. Employees may lack the ability to do work due to changes in technology hence fail to achieve the required results. These should be identified using reflection by the managers, and the necessary step was taken whether to sack them or train them to get knowledge and skills. Managers carry out a lot of activities daily which are tiresome and confusing making them quickly forgets the mistakes they did. It is, therefore, necessary to take time and reflects thus they will remain I line with what is expected of them by the owners. During reflection, one needs, to be honest with oneself and be broad in the thinking to ensure clearly seeing the big picture in a situation. However, thinking to need peace of mind and no disturbances suc h as noise as one need to remembers the past and see what is best for the future. Reflection should be part of human thinking to connect the past and future in making an ideal decision which is necessary and accepted by all the people (Knight, G. A., Kim, D. 2009, pp. 255-273). References Alshareef, M. N. Z., Sandhu, K. (2015). Integrating Corporate Social Responsibility (CSR) into Corporate Governance Structure: The Effect of Board Diversity and Roles-A Case Study of Saudi Arabia. International Journal of Business and Management, 10(7), 1. Bandyopadhyay, D., Sen, J. (2011). Internet of things: Applications and challenges in technology and standardization. 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