analyze the notion that 21st century managers prioritize personal gain ahead of stakeholder interest
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hello.
first of all you have to know that the 21st century manager is highly innovative technologically and other charactersitics which they posess. This is an analysis question whereby we have to analyse how the decisions for instance being implemented by the manager will end up to his own benefit rather than those of the stakeholders thus you have to know the types of stakeholders associated with the type of organisation you will be referring to so you have to point out one decision which a manager can take that will end up benefiting him instead of the stakeholders. i will give an example lets say the manager will implement a decision of mechanising the whole organisation that tea at break will be served by robot machines thus it will be a big boost towards saving costs of employing ancillary staff e.g the chefs in the organisaton thus profit maximising from less expenditure of salaries and wages and the personal gain of the manager comes in when he will have achieved his self-esteem needs of implementing useful tactics as well as during the payment of salaries if the organisation makes huge profits coz of the cut costs of paying the ancillary staff the manager tend to get more bonus as they would record it it as bumper harvest year whereas going to the other side the workers amomg themselves wll be highly demotivated as they will be retrenched and also the owners as the other stakeholder will also fear that their company will gain a bad reputation of retrenching workers.
Hope it was a hint. good to be discussing with you!
regards colley mastermind!
first of all you have to know that the 21st century manager is highly innovative technologically and other charactersitics which they posess. This is an analysis question whereby we have to analyse how the decisions for instance being implemented by the manager will end up to his own benefit rather than those of the stakeholders thus you have to know the types of stakeholders associated with the type of organisation you will be referring to so you have to point out one decision which a manager can take that will end up benefiting him instead of the stakeholders. i will give an example lets say the manager will implement a decision of mechanising the whole organisation that tea at break will be served by robot machines thus it will be a big boost towards saving costs of employing ancillary staff e.g the chefs in the organisaton thus profit maximising from less expenditure of salaries and wages and the personal gain of the manager comes in when he will have achieved his self-esteem needs of implementing useful tactics as well as during the payment of salaries if the organisation makes huge profits coz of the cut costs of paying the ancillary staff the manager tend to get more bonus as they would record it it as bumper harvest year whereas going to the other side the workers amomg themselves wll be highly demotivated as they will be retrenched and also the owners as the other stakeholder will also fear that their company will gain a bad reputation of retrenching workers.
Hope it was a hint. good to be discussing with you!
regards colley mastermind!
Answered by
3
No, it is completely wrong that today's managers prioritize personal gains over stakeholder interest, it is because now a days managers are technically and professionally are more innovative and creative. Managers of progressive and flourishing organizations are contributing a lot in organization's gain and profits by their hard work and innovative ideas. As the organization earns profit due to manager's creative ideas and wise decisions the ultimate benefits go to stakeholders of the organization. So if the managers are paid according to their satisfaction they always prioritize stakeholder's interests.
rajawaseemkiani:
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of course! but this question is requesting your opinion so you have to support the side you feel you can gather up massive facts to solidify your argument as it a 2 sided question.
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