Magerial Effectiveness Questions

1. When a company is in obvious trouble, such as when it has been losing money or significant market share, a new CEO is expected to make changes that will put the company back on track. In such a case, the anxiety among employees and stockholders is not whether changes will be made, but rather, what types of changes will be implemented. When a company does not have significant obvious problems however, a new CEO may generates anxiety among employees and stockholders as to whether he or she will implement changes, and if so, what form those changes will take.

The hypothetical firm under discussion falls into the latter category: it is profitable, it has a history of success, and although it is not a leader in its field, it has a reputation for excellence. Each of the company's previous CEOs brought changes to the organization based on their managerial styles, and these changes have been largely successful. Thus the organization is familiar with the idea that new CEOs can bring strategic changes to the organization.

Before accepting the position, I would research the company to learn as much about it as I can. This research would include publicly available sources, as well as conversations with individuals who interact with the company. Do they pay their bills on time? What is their employee morale? What are the obvious strengths and weaknesses of the company, and what opportunities and threats do they face? Once I have learned the answers to these questions, I am

ompany that is able to meet the needs of the market as well as the needs of its employees and shareholders. I see myself as a transformational leader rather than as a transactional leader in that I seek to help those around me achieve their success and thus help the company achieve its success. I encourage participative decision making, and I fully support the empowerment of employees. I have no overriding desire to implement change for its own sake, but believe that continued success in today's dynamic market requires the willingness to change when necessary. By respecting those around me to make the best decisions when given the best information, I expect that the company can increase its success and build a strong future. References Mulitz, L. (2000, November 6). Flying off over office politics. InfoWorld, pp. 47-52. Pittard, P. S. (1999, January-February). The Evolving role of the chief executive officer. Corporate Board, pp. 23-25. 2. For many years, mergers and acquisitions provided a popular method for organizations to gain entry to markets, to increase their present market share, and to implement economies of scale. For some companies, mergers and acquisitions offer diversification of risk as the com

Category: Business - M