Compare Management Practices

COMPARE MANAGEMENT PRACTICES (POSLC) OF KEY ECONOMIES NAMELY INDIA, USA, CHINA,JAPAN, FRANCEManagement practices includes-Planning, Organizing, Staffing, Leading, and Controlling.PLANNING-Selecting missions and objectives as well as the actions to achieve them, which requires decision-making, which is, choosing future courses of action from among alternatives.ORGANIZING-People working together in groups to achieve some goal must have roles to play. It is establishing an international structure of roles of people to fill an organization.STAFFING-It involves filling, and keeping filled, the position in the organization structure.LEADING-Influencing people so that they will contribute to organizational and group goals, it has to do predominantly with the interpersonal aspect of managing.CONTROLLING-Measuring and collecting individual and Organizational performance to ensure that events conform to plans.PLANNING- For planning, India uses both long term and short term orientation.Long term orientation is when the organization focuses on future goals and short term orientation is when the organization gives more important to present and past as compared to future. Decision making is done by the committees.  Decisions in an organization are made by top level management, in which decisions are made based on input from a large group of people. India follows slow decision making and slow implementation.ORGANIZING-Responsibilities in Indian Organization are collective and individual.STAFFING- Here employee’s performance evaluation is infrequent for new employee’s and appraisal is also provided after a long term of performance.Training and development of the employees are considered a long term investment.LEADING- Leaders acts as social Facilitator as well as a group member. They adapt Paternalistic style. Leaders avoid confrontation and emphasize on harmony. Here approach is bottom up communication.CONTROLLING-Controlling is done by group leader on group performance.EXAMPLES-HCL Technologies Limited (Hindustan Computers Limited) is an Indian multinational information technology (IT) service and consulting company headquartered in Noida, Uttar Pradesh. It is among the top 20 largest publicly traded companies in India with a market capitalization of $18.7 billion as of May 2017.Wipro Limited is an Indian multinational corporation that provides information technology, consulting and business process services. It is headquartered in Bengaluru, Karnataka,PLANNNIG-For planning USA uses both long term and short term orientation. But it depends upon the size of the organization. Decisions in organization are made by the top level management. Decision is made fast but implementation is very slow.ORGANIZING-US workers are individualist and try to show as self Sufficient as possible.STAFFING-For new employee’s there is frequent performance evaluation. Little commitment is given to training. Use other firms training programs as leverage by scavenging workers.Here there is culture of pseudo participation and make autocratic decision. Here emphasis is on financial measurement and management by the parameters like net income, ROI and EPS.LEADING-Leaders are the head of the group. They avoid confrontation and communication is top down.CONTROLING-Managers provide strict supervision on the performance of the organization. Responsibility of the managers are also shared.EXAMPLES-Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores, headquartered in Bentonville, Arkansas.UnitedHealth Group Incorporated is an American for-profit managed health care company based in Minnetonka, Minnesota. It offers health care products and insurance services. It is the largest healthcare company in the worldPLANNING-In China most of the organization are state owned due to which private owned business came a bit late. But in these organizations all types of arrangement were ready. Here 5 year arrangement are ready at the top( State Planning Commission) while short arrangement are made at lower levels. In china all significant choices are made by few individuals at the top who are in immediate control of the state and there is no power of choice at lower levels. There is slow decision making and slow implementation.MANAGEMENT PRACTICES IN INDIA:ORGANIZING- Responsibilities in Chinese Organization are collective and individual.