In order to establish itself in the emerging industry, XYZ Internet Company implemented a strategy of gradual development. The company started by offering services designed for home users and aims to eventually expand its reach. By focusing on delivering unique and captivating services initially, the company recognized the value of gaining market traction. Currently, XYZ Internet Company is pursuing expansion and growth through a four-stage management approach.
In order to achieve business objectives, Barnett (2007) stresses the significance of effective management planning. Planning serves as a foundation for the other four functions and allows the planning department to carry out diverse tasks.
Effective team management requires managers to assign tasks that match their team's strengths and weaknesses. For example, a strategic planning team can be responsible for identifying competition, researching the work situation, and targ
...eting the needs of end-users and market. Surveys can also help identify potential risks and setbacks for the company in the future. Additionally, creating a research team to investigate competitive technologies for providing internet services to homes and businesses is another important duty of managers.
Managers need to create a variety of plans that align with their company's objectives, in addition to predicting future situations for the company (Barnett, 2007).
After completing the decision-making role, managers are expected to allocate resources properly and oversee operations. This involves considering the time frame available, company priorities, work environment, potential risks and setbacks, and company goals and objectives during the strategic and tactical planning processes (Barnett, 2007). Following the planning phase, managers must be prepared to organize.
According to Barnett (2007), for the achievement of XYZ Internet
Company's objectives and goals, managers must efficiently organize the company's structure. They should ensure fair and appropriate allocation of resources, keeping in mind the service-oriented nature of the company. The technical operations team and the technical support team's skills and efficiency should be the focus of the managers.
To offer internet and networking services, it is crucial to have a competent and modern technical setup. Consequently, it is the responsibility of human resources management to ensure that the recruitment and employment process is closely monitored.
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