One of the greatest challenges faced by managers is attempting to keep a balance between maintaining current levels of profitability, while also evolving and growing as an organization. In the rapidly changing world of business today, managers must have the leadership skills to know when to go forward with innovations and to recognize when they are not in the best interest of the company.
What role do you see the manager playing in determining the proper balance?
What effect would leaning too much towards either process have on the overall well-being of the company?
The manager needs to determine the proper balance by taking several different factors into account. We're dealing with two related issues, which include maintaining current levels of profitability and growing an organization. The manager needs to determine timing - which is a key element. The main question that needs to be asked by the ...
This solution explains the role that the manager plays in determining the proper balance between profitability and growth. This solution also explains the effects of leaning too much towards either process has on the overall well-being of the company.