Can Organizations be too Big to Fail? (Essay Sample)

Management:
Can organizations be too big to fail?
Student name:
Institution:
Can organizations be too big to fail?
Management is referred to as an activity that directs, plans, controls, and organizes group effort towards the attainment of certain prior determined goals, and involves the process of working with and through others to the effective attainment of the set organizational goals in the dynamic environment using limited organizational resources(Inman, 1983).
Management study presents scholars with skills, ability, and confidence to competently coordinate the organizational management functions(Robbins & Coulter, 2005). Management is crucial to organization’s survival, growth, and continuity as it promotes the initiative, that ensures the employee does the right thing at the time with no reminder or influence from the superior since they are required to have their personal plans and successfully execute them. Similarly, innovation also greatly relies upon the effectiveness of organizational management, this presents new ideas, methods, technology, products, and services that guarantee organization’s competitiveness and continuity in the market.
Management through good innovations facilitates organization’s growth and expansion as new ideas, new methods and technology will acquire new markets, identify new and simpler way of doing things, connecting and efficiently operating respectively(Robbins & Coulter, 2005). Management importance is also evident in the improvement of employees’ life through sharing of its profits with them, as well as motivating to attain their optimum level of productivity.Further; it equally ensures optimal use of organization’s limited resources to achieve the optimal level of results thereby reducing wastes.
Organization’s most valuable assets are employees, management is part of that(Brentani, 2004). For an organization to succeed then it must heavily invest in its employees, since failure to do so, then it will be faced out with the competitive organizations or even rendered no longer fit to exist in the market(Dru