Class Work

Running head: CONFERENCE PRESENTATION DEVELOPMENT: PART TWO 0

Conference Presentation Development: Part Two

Business management has become complex, because of current dynamics in the certain markets. Good management philosophies and theories are management tools used by management in delivering sound management decisions (Annavarjula, Folam, Ramirez, & Zdravkovic, 2014). The integration of the education system is a force multiplier in achieving management goals.

Management theory and social welfare

Over the past years several philosophers produced analytical studies dealing with various models of management. Management of worldwide business organizations neglected the need to provide, and protect the social welfare of the community in which they operate their businesses (Jones, Donaldson, Freeman, Harrison, Leana, Mahoney & Pearce, 2016). Management theory philosophers present subjective, objective, anecdotal distinctions based on academic, business, intellectual, and scholar levels, The author’s role of management theories responds to the greater common good of society based on examined business activities.

There are various theories which explain the tenets of strategic management. Organizational efforts have been directed towards maximizing profits under the guise of protecting the interests of company shareholders (Jones, et al., 2016). Debatable reasons are given to justify this vice by corporate management. First, it is a single-valued objective, therefore, it is easier to articulate and implement. Second, this management theory has a long standing history of acceptance of shareholders’ protection by management, and company executives. Third, the theory conforms within the requirements of financial markets. Fourth, social welfare of society are often considered the government’s responsibility, not corporate entities. Finally, it legitimizes profit maximization and protection of shareholders (Jones, et al., 2016). These notions have made incorporation of social welfare programs for society unattainable.

Enhancement of business education through integrated educational curriculum

Past and current studies have explored the need to provide integrated international business curriculum, which is key in enhancing learning processes. Students obtain rewarding educational experience under integrated education curriculum. The new curriculum may have few challenges when it comes to the implementation process. The curriculum is anchored on interactions of faculties, cross-functional business applications, and students’ interactions during the learning process. Students are afforded the opportunity to interact and share ideas, and long-term results produce well-rounded students with good interpersonal skills. The students gain practical knowledge of corporate finance, and international business dealings (Annavarjula, et al, 2014).

Manufacturer-retailer relationship

International retailers’ activities are the main determinant factor in centralizing Global Accounting Management (GAM). The influx of retailers in foreign markets has forced manufacturers to centralize their GAM activities in a bid to change local Key Accounting Management (KAM) methods in international retailers (Swoboda, Schlüter, Olejnik, & Morschett, 2012). When retailers centralize their purchasing power, it improves their bargaining powers in the international market. The management department must learn on how to respond to these dynamics.

Philosophies of management

Studies have shown how philosophies play a crucial role in management. Therefore, it palpable managers incorporate useful philosophies when executing management duties. The use of philosophical management concepts are important in developing managerial wisdom, because it deepens an individual’s understanding of the facets of management, and promote creative and critical thinking skills, which are necessary tools in business management (Joullie, 2016).

The role of corporations with safeguarding both shareholder and society interests has not elucidated past and current studies, thus opening avenues for further development of intellectual studies.

Conclusion

Global business management is a complex epithet most studies have not focused on. Therefore, organization executives must implement integrated approaches to enhance efficiency, and sound management decisions. This is possible through incorporation of relevant business management philosophies, and education systems, which lay emphasis on sound management (Joullie, 2016). Moreover, the role of global business organizations, in provision of social welfare must be provided considerable attention (Jones, et al., 2016).

Annavarjula, M., Folam, L. B., Ramirez, A., & Zdravkovic, S. (2014). Use of Intergrative Curriculum to Enhance International Business Education. International Journal of Education Research, 9(1), 33-54.

Jones, T. M., Donaldson, T., Freeman, E., Harrison, J. S., Leana, C. R., Mahoney, J. T., & Pearce, J. L. (2016). Management Theory and Social welfare: Contributions and Challenges. Academy of Management Review, 41(2), 216–228.

Swoboda, B., Schlüter, A., Olejnik, E., & Morschett, D. (2012). Does Centralising Global Account Management Activities in Response to International Retailers pay off? Management International Review, 727–756.

Joullie, J. E. (2016, ,). The Philosophical Foundations of Management Thought. Academy of Management Learning & Education, 15(1), 157–179.