Recommendations for a Company Case Study Example | Topics and Well Written Essays - 1250 words

Recommendations for a Company - Case Study Example Your firm is rather new in the market. Still, it should be carefully structured and monitored so that failures are identified early and appropriate solutions are given. Most important, the time spent on recovering from failures should be minimized otherwise there would be no time left for focusing on the firm’s expansion, a problem that you have already faced. As a leader, you have to emphasize on keeping the firm’s productivity at high levels (Schermerhorn 2011). You also have to ensure that the resources available are used appropriately so that organizational performance is high as possible (Schermerhorn 2011). In general, the management of organizations is based on four, key, functions: ‘a) planning, b) organizing, c) leading and d) controlling’ (Daft & Marcic 2012, p.9). This means that the leader who aims to secure the success of his business has to be able to respond to the demands of all the above management functions. Apart from the above functions, of particular importance for modern organizations is ‘the achievement of organizational goals’ (Dyck & Neubert 2008, p.7). ... In this way, the mistakes made will be identified and measures can be proposed for avoiding similar problems in the future. In regard to the mission statement of the organization the following comments could be made: a) although the mission statement responds to a basic need of the local market, i.e. the need for convenient accounting services, it seems to suffer at the following point: it does not refer, either directly or indirectly, to credibility, as a criterion of the services provided by the organization. In the specific sector, credibility is quite important at the level that any failure could lead to high penalties for the customer/ taxpayer. Therefore, the firm’s mission statement could be possible alternated. The phrase: ‘Credible management of your finances’ could be possible preferred instead of the firm’s existing mission statement: ‘Have laptop, will travel’; b) in its current form, the firm’s mission statement is related t o another problem: the mission statement is not supported by appropriate strategies, so that the statement’s enforcement becomes problematic. As noted above, planning is one of the key management functions (Daft & Marcic 2012). This means that each firm’s leader has the responsibility for the identification and the promotion of the firm’s mission statement, as also of the firm’s strategies and ethical rules. This means that you have to take measures for ensuring that the mission statement reflects the organization’s capabilities, as revealed through the firm’s performance. At the same time, you need to ensure that the firm is able to respond to the challenges that the above mission statement sets, i.e. the provision