MY Major has a Major Problem Essay Example | Topics and Well Written Essays - 1250 words

MY Major has a Major Problem - Essay Example Despite the differences between these flaws, each of them represents a serious threat that needs to be addressed to secure growth, profit and success to firms. Various deficiencies have been noticed in managerial practices that range from problems in human resource management (HRM), business ethics and quality management, failure to understand management theory to the deregulation in the industry and the failure of businesses to join their forces. All these limitations represent a serious obstacle to business growth and endanger its security and success. In this article: â€Å"Spotlight on New Research: A Business Process Approach to Human Resource Management† the researchers find flaws in human resource management very problematic and mainly responsible for most failures in businesses. They consider that this matter has always been a problem for firms and hold it responsible for many bankruptcies (Cakar, Bititci, and MacBryde). The management of resources requires much commit ment and inner qualities, which many people do not possess, and the lack of this quality represents a real threat for firms. Besides, in addition to issues in human resource management, other problems have been identified in similar fields. ... Limitations in human resource management combined with the lack of business ethics and quality management will not guarantee a successful business but lead to a certain downfall. Similarly, some managerial tools and techniques have been found very deficient and not helpful for businesses. Therefore, it belongs to managers to identify the best practices that ensure growth and disregard those that have failed. This study: â€Å"Management Practices Driving Sustained Business Success† indicates that the success of businesses depends on the ability of managers to distinguish between the tools that work from those that do not (Gronholdt and Martensen).Therefore, some managerial tools may cause more problems with serious consequences to firms. Even though all techniques have been set up to secure growth, some practices have been found seriously deficient and not helpful for businesses. It takes much craft and vision for the best managers to recognize the traps of these limited tools and avoid putting them in practice. Among these flaws deregulation takes an important place because it implements unfair competition and endangers the stability of business. This article: â€Å"Integrating Business Processes for Global Alignment and Supply Chain Management† reveals that the lack of a genuine cooperation between firms and the supply chain causes various problems that result in deregulation, which constitutes a serious threat for corporate businesses (McAdam and McCormack). This danger faces firms in many countries where the collaboration between businesses is not secured and clear rules are not implemented. Another major deficiency in managerial practices