Management and Leadership Paper Essay Example | Topics and Well Written Essays - 2000 words

Management and Leadership Paper - Essay Example The founder of Wal-Mart was Sam Walton. He opened up the first Wal-Mart store in Rogers, Arkansas in 1962. The goal of the Mr. Walton when he opened up the first retail store was to save people money to help them live a better life (Walmartstores, 2009). The company took off very fast and by 1969 the firm became a publicly traded company. The company’s trading symbol on Wall Street is WMT. Today the corporation enjoys a great level of success. The company is the market leader in the retail industry due to the fact that the service and prices the entity offers are superior to the competition. In fiscal year 2009 Wal-Mart generated $401 billion in global revenues while serving nearly 200 million customers per week (Walmartstores, 2009). Leadership and effective management are two critical success factors that enabled the company to achieve high levels of success. Management and leadership are two completely different business concepts. Leadership can be defined as a special case of interpersonal influence that gets an individual or group to do what the leader wants (Schermerhorn & Hunt & Osborn, 2003, p.286). Management is the act of performing the four managerial functions which are planning, leading, organizing and controlling. In order for a person to become an effective leader the group has to trust the individual. Leadership is not a trait that is limited to the managerial staff. Anybody within an organization can display leadership. It is very common for leadership to manifest itself within a team setting. In such a setting leadership provides the vision to achieve the end state goal (Kumle & Kelly, 2009). I have personally worked in teams in which I became the leader of the team in order to ensure that the team completed the project at hand. Depending on the circumstance a manager has to decide whether to act as a manager or as a

Ismg Essay Example | Topics and Well Written Essays - 1250 words

Ismg - Essay Example This solution has to do with the initiation of an information system that will put customers at the forefront of the growth of the company. Specifically, it has been suggested that the company goes into electronic billing and payment system and this is a step in the right direction. The advocacy will however continue that the company puts in place structures and systems that will ensure that the implementation stage of the information system does not fall below the expected achievement. Such under achievement comes when the wrong personnel are employed to overtake the affairs of system or budget is generally cut, making the whole process very shoddy. Much of MDCM’s solution therefore lies in creating a centralized information system that brings all components of information technology in the company under one roof and under a single manager or supervisor. It is for this reason that it can said that MDCM falls in the quadrant of information systems solution. This information system solution can be very varying and widespread including among other things, customer relationship management using new media, billing and payment system using online payment methods and the ordering of products through the electronic system. Luckily, the information system solutions can best be used in for the manufacturing sector of the company. It has already been noted that MDCM plays keen role as far as production of medical products are concerned and so the company is going to yield the full benefit of the information systems solution. This section will be concluded on the note again that sight must not be lost of the need to put the right pe rsonnel and budget in place in getting the information systems solutions under way. As far as information technology is concerned, it can be said that MDCM does not have any well defined strategic goal for the company. However, the company has an