Management Practices Research Paper Example | Topics and Well Written Essays - 1500 words

anxiety Practices - Research Paper ExampleManagement Practices in Coca Cola Coca-Cola is considered as one the biggest beverage companies operating in almost two hundred nations. To operate in the international markets, it requires appropriate management practices in every level of the company (SAP AG, 2001). training Planning is the preliminary stage of any task whether it is production or launching of a smart product. It is necessary for a company to plan what should be done and without proper preparedness, the business objectives cannot be achieved. In case of Coca-Cola, the planning stage involves development of overall strategy by keeping in reason the mission and the objectives of the company. The planning in Coca-Cola includes mapping out how precisely the company can accomplish a particular objective. One of the most significant objectives of Coca-Cola with respect to human resources is succession planning which refers to the identification, evaluation and amelioratio n of internal employees in order to achieve a single objective i.e. prepare appropriate tribe for the senior management position. The succession planning surgery in Coca-Cola comprises outlining the condition of the employees and planning for management firmness in the incident of employee turnover or departure. Similarly, the other significant objective of Coca-Cola with respect to business is merchandising planning. The marketing planning is conducted in order to raise the sales of its products. The marketing planning of Coca-Cola consists of activities much(prenominal) as assessing the marketing environment, making competitors analysis, decide upon suitable and attractive advertisements, inventory planning, planning the sales staff and planning the marketing mix elements (Curd, n.d.). pencil lead A manager in an organization is required to lead the employee towards the mean activities in order to accomplish the organizational objectives. The leading stage in any business inv olves aspects such as motivating, communicating, managing and inspiring employees towards higher performance. It necessitates managers to train, assist and solve any issue of the employees while performing tasks. Leading requires the capability to establish value for the company towards the employees (Plunkett, Attner & Allen, 2011). Leading in any organization is demarcated as the procedure of motivating people so that they can contribute their best effort towards the organizational as surface as team objectives. Leading managers can help employees so that they can easily fulfill their take desires and use their potential while performing tasks (Ng, 2011). Coca-Cola practices the leading function of management by providing training, on-the-job learning, and train to the employees. The objective of leading the workforces is to ensure that employees are provided with all necessary assistance they require for performing efficaciously in the company. Coca-Cola believes that the suc cess of the company relies on the encouraged and dedicated employees. For this reason, the company provides reward to the employees. Coca-Cola offers competitive recompense and other fringe benefits in order to attract and retain the most capable employees. It helps to drive the business forward. Coca-Cola assumes the training and development activities quite seriously, as it is a part of leading the people in the organization. It perpetually invests on these activities with the intention of strengthening the