2. 1. Managing Human Resources
• Hiring employees is just a start to creating a strong work
force. Next, thing is to KEEP THEM.
• is a good salary package is enough?
• No, It takes much more than that.
• Do not provide them benefits only, offer them extra
PERKS!
3. EXAMPLE!
THE GOOGLE WAY of motivating employees
• Provide Reimbursement facility to its employees.
• Financial support.
• At the Googleplex, there’s an onsite doctor & free fitness center.
• free of cost Lunch and dinner is available all the time.
5. 2. Managing Economic Globalization
Economic globalization: economic activity that was
formally on local scale becomes organized on a
global scale.
• For any business, Understanding foreign culture is
critical and essential as well.
6. EXAMPLE!
• They started offering Halal
foods in Muslim Countries.
• For the veg market, like in
india they introduced
a vegetarian Big Mac.
McDonalds has a long tradition of adapting to the
needs of global markets.
8. 3. Managing Scarce Resources
Main problem- to deal with the limited
resources.
scarcity is the fundamental issue for every
business.
The secret of success lies in-
Do More With Less
9. EXAMPLE!
• Justin Gold is the owner of the company Justin's which sells
peanut butters.
• He hadn’t enough resources to start a business.
• He started with a common food processor in his home kitchen.
10. Justin's in top 15
Fastest Growing
Companies
in the category of Food and Beverages
11. 4. MANAGING WORKFORCE
Replacing office jobs.
workers were required to be
physically present to do their job
at fixed hours
But now – NEW CHALLENGE
work attitude changes due to
many technological
advancements.
People are now working remotely
12. Dell Is Hiring Nearly 100 Work-from-Home Employees with Full
Benefits
◎This company is hiring remote workers across the country.
◎The work culture of Dell offers flexible work options.
13. 5. Managing And Implementing
CHANGE
• Initiating, managing and implementing change
is one of the hardest challenges for any leader
• companies have some restricted policies that
bound to follow by managers.
14. If we had done that
through an
advertising process,
I don't think New
Coke would have
ever happened.
Former Chief marketer of
Coca-Cola
but there was
such RESISTANCE
to any kind of
change in the
advertising
position of the
brand
15. 6. RESOLVING THE CONFLICTS IN
WORKPLACE
Management has to learn
how to resolve or tackle
the problem in the most
responsive way.
17. Protesters outside an
Apple store in Hong
Kong on a day of
remembrance for those
who have committed
suicide.
China in 2010,
14 workers from Apple committed
suicide
because of the stressful conditions
of their job.
- After the incident, Apple
published a set of standards
Saying..
(how factory workers should be
treated)
18. 7. Not Delegating Responsibilities:
◎Some managers don't delegate responsibilities to the team members, because
they feel that no-one apart from themselves can do stressed and burned out.
key jobs properly. This can cause huge problems as they become
◎SOLUTION:
Discuss your tasks with your team and delegate responsibilities among them, this can
leads you towards innovative ideas to complete tasks.
◎EXAMPLE:
TESCO company had faced this problem initially but ultimately they cope up
with that.
19. 8. UNCERTAINTY
◎All human beings, but it seems business leaders in particular, find great
discomfort in uncertainty. Uncertainty in the global economy, uncertainty
in the credit markets, uncertainty in how new regulations will affect
business, uncertainty about what competitors are doing, and uncertainty
about how new technology will affect the business—these are just the
start of a never-ending list.
◎EXAMPLE:
Natural language processing centre in US had a lot of uncertainty, they did not
had exactly what their competitors are doing.
20. 9. Being Too "Hands-Off"
One of your team has just completed an important project.
The problem is that he misunderstood the project's
specification, and you didn't stay in touch with him as he
was working on it. Now, he's completed the project in the
wrong way, and you're faced with explaining this to an
angry client.
SOLUTION:
The best possible solution is that keep in touch with your
team and make sure that they are on the right track to avoid
all the mess happened in the end.
EXAMPLE:
Motorola company handed over all major tasks and
decisions to the employees and had loss big time.