PRINCIPLES AND PRACTICES OF MANAGEMENT-A STUDY

Commerce and Management

Our experience with organizational change management suggests that there are three major hurdles to overcome. Change initiatives also flounder, according to 48 percent of the respondents, because companies lack the skills to ensure that change can be sustained over time. A clinical research firm was committed to tripling its size over the next decade to achieve a more competitive position. Planners who resist early engagement at multiple levels of the hierarchy often do so because they believe that the process will be more efficient if fewer people are involved in planning. There is a limit to machines, but there is no limit to human potential. Elbert Hubbard rightly remarked, “One machine can do the work of 50 ordinary men. No machine can do the work of one extraordinary man. Leaders of a major global manufacturer seeking to escape bankruptcy believed the company had lost touch with customers because of entrenched problems in its culture. Managers operated in an overly layered system without much accountability.

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