Market Based Management Its Application Today Essay

Running head: MARKET-BASED MANAGEMENT Market Based Management: It’s Application in Business Today Lindsey Nelson Nova Southeastern University Market-Based Management: It’s Application in Business Today Introduction Past management styles or practices have been mostly authoritarian or managed from the top down. There was little regard or consideration for the input of labor, supervisors or middle management. Their opinions and experience was only asked for in times of crisis when their knowledge of a particular situation or project was needed to help upper management make a decision on a particular problem which usually dealt with a financial area that would be solved to best suit the company or benefit the company†¦show more content†¦22). Integrity is one of the core principles that is necessary for a company to succeed in business. Three company examples will be used to demonstrate the importance of integrity in doing business. In these three examples integrity, or the lack of it, caused two to become extinct and the third to grow and continue to be a healthy, growing company today, even in these challenging times. The first two businesses, which I will not name, are located in South Florida. Both of these companies were privately owned construction companies. I worked as a Project Manager for both of these companies. One of the companies was owned by a father, and the other company was owned by his son. These owners engaged in unethical business practices to achieve their goals of constructing projects by employing as many cost cutting methods as possible, even if these methods produced a substandard constructed building. Neither of these firms is in existence today. The third company is also a construction company and, as the first two companies, is also privately owned. I worked for this company in North Carolina for over ten years, also as a Project Manager. This company utilizes the values and principles of Market-Based Management, and, as a result, has continued to grow even during this difficult time for construction companies. It now has offices throughout the Southeast, Midwest and Texas. It is one of the top 400 construction firms in the countryShow MoreRelatedSwot Analysis of Oracle Corp Sap Ag1459 Words   |  6 Pagesthan 30 years ago with Oracles innovative relational database, the Oracle stack today includes Oracle Enterprise Linux, Oracle VM, Oracle Fusion Middleware, and the largest and most complete set of industry and business applications software on the market. The addition of Sun storage and systems technology makes the Oracle stack complete. Oracle integrates every layer of the IT stack to deliver compelling value, based on high system availability and security, stunning performance, and low TCO. 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