Relevant Management Theories And Concepts †Myassignmenthelp.Com

Question: Discuss About The Relevant Management Theories And Concepts? Answer: Introduction: The role for which I want to apply is Warehouse Executive in ALDI Australia. According to Maas and Reniers (2014), the organizational environment of ALDI Australia comprises of the internal environment, task environment and the general environment. The internal environment of the company includes the employees, management and the organizational culture. The task environment of ALDI comprises of the customers, competitors and the suppliers. It is evident at ALDI that the general environment of the company comprises of the political and legal factors, economic factors, socio- cultural factors factors and the technological factors. Carvalho (2013), defines legal environment as the laws and regulations of the place that the business must follow in order to conduct its business. ALDI abides by the laws of the countries in which it operates. The political conditions in Australia are stable that enables the company to conduct its business smoothly. Business model: Kolk (2016) suggests that the business models should incorporate sustainability and corporate culture in order ensure that the business helps in uplifting the society and does not harm the environment. Business sustainability and culture is essential for the success of the business in the future. It is essential for the organizations to manage the triple bottom line that enables the organizations to mitigate environmental, financial and social risks. It also enables the organizations to efficiently manage opportunities. ALDI has a proper management model that includes goal setting and follows the McKinseys 7- S model. The model enables the an organization to interpret the present situation and analyze the desired future situation in order to know the gaps between them. The framework includes 7 s that are strategy, skills, style, staff, system, structure and super- ordinate goals. These elements are further divided into hard elements and soft elements. Strategy, system and structure f orm the hard elements whereas skills, staff, style and shared values form the soft elements. This model helps in improving the efficiency and overall performance of an organization. It also enables the organizations to implement its proposed strategies. Management theories: Guilln, Mayo and Korotov (2015) stated that the behavioral theory of management shall enable the companies to achieve a higher rate of efficiency and increase the employee retention rate. A good working environment includes cleaner surroundings, availability of basic amenities, etc. Proper working conditions enable the employees to work more efficiently and improve the overall productivity of an organization. The scientific management theory by Taylor states that the organizations must ensure that they provide proper wages and salaries to the employees in order to keep their employees motivated (Waring 2016). The contingency theory enables the organizational managers to make decisions in accordance with the situations rather than making a common decision for all circumstances. The systems theory enables the managers to gain a better understanding of the workplace environment and coordinate the activities for the accomplishment of the business objectives, goals and mission. Conclusion: Therefore, it can be concluded that the management theories and concepts have enabled the organizations to improve their performance. ALDI has utilized an effective business model in accordance with the management theories and concepts. References: Carvalho, H., Azevedo, S.G., Duarte, S. and Cruz-Machado, V., 2013. Green and lean paradigms influence on sustainable business development of manufacturing supply chains. InInternational and Interdisciplinary Studies in Green Computing(pp. 113-131). IGI Global. Guilln, L., Mayo, M. and Korotov, K., 2015. Is leadership a part of me? A leader identity approach to understanding the motivation to lead.The Leadership Quarterly,26(5), pp.802-820. Kolk, A., 2016. The social responsibility of international business: From ethics and the environment to CSR and sustainable development.Journal of World Business,51(1), pp.23-34. Maas, S. and Reniers, G., 2014. Development of a CSR model for practice: connecting five inherent areas of sustainable business.Journal of Cleaner Production,64, pp.104-114. Waring, S.P., 2016.Taylorism transformed: Scientific management theory since 1945. UNC Press Books.