Management Research Paper: A Rough Draft
History has marked abundant swings in the landscape of the business environment that have imposed instantaneous variations in the process of managing organizations. As a matter of practicality, management serves a vital role in organizational development and has a substantial impact on the overall workplace climate. According to a widely referenced study by Racicot, Mary, and Edward (2019), management is responsible for planning, organizing, controlling, and leading the activities of an organization in a bid to achieve goals. To that end, managers have primary roles, including informational, interpersonal, and decision-making. Despite this knowledge, few studies have emphasized the role of management in the wake of economic uncertainty. The deteriorating economy and reduced consumer spending are some of the problems that have challenged the need for management at all levels of firms to focus on ensuring success for small, private, large, and public businesses. The research study provides a robust assessment of management as a crucial facet in contemporary business society, focusing on its role in a positive contribution to the success of any business.
Globally, a more extensive section of the economy is mainly centered on businesses, including ranging from small to large and private to public entities. In the United States, for example, the business sector has led to the growth of the GDP, serving as the primary source of job creation. Therefore, it is evident that the business sector is an essential contributor to the economy and employment. A study by Ho, Jessie, and Paul (2007) affirmed that the overriding reasons for the failure of most businesses are due to poor management. In line with this understanding, Pretorius (2008) have primarily targeted their evaluation in understanding important management concepts that affect the business environment. Scheers and Simon (2007) observed the rate of failure of most businesses and reported that approximately 62% experience management incompetence issue. The authors add that the initial decade of organizational operation, 90% of small and large companies fail. Scholars strongly agree that, other than leadership, failure of these businesses results from poor management skills. As a consequence, for any economy to record success, the corporate sector has to be competitive and productive. To achieve this, Pretorius (2008) noted, management skills and skills should be understood as major step stones towards increased returns.
Indeed, the underpinnings of preliminary research demonstrate the need for robust management in any business. The failure of these businesses is undeniably due to weak management approaches that use old strategies or disregard modern models as well as the core concepts considered crucial for an efficient organization. Overall strategic management should be integrated into organizations in a bid to enhance economic growth and employment openings.
Potential Areas of Strength of the Research Essay
Chosen Topic: The topic of management chosen for the research paper is exciting and challenging. As such, it will reduce boredom in the phase of research because I am sure of discovering new concepts, and I will enjoy the writing process. Researching the idea of management allow narrowing to a specific area of corporate requirements that is specific and manageable.
Previous Research: The area of management has numerous previous and ongoing research that provides a pool of resources. I postulate that the existence of robust literature in this field allows extensive study and analysis of the topic. In this regard, the subject makes a strong paper because of existing scholarly work to consult.
Revising and Proofreading: The chain of assignments I have completed this far have sharped my revision, editing, and proofreading skills. The ability to make significant changes and checking flow, logic, transitions, argument, and structure of paragraphs are vital to producing outstanding work. The revision and proofing skills stand a chance of certifying a paper is free of errors and mistakes.