Wednesday, January 15, 2014

Evaluation Of The Corporate Management Training Programs

By Marissa Velazquez


Corporate management initiatives are focused on mentoring company directors so that they can be better leaders. The initiatives are aimed at sharpening the skills of the all the managers right for the top to the middle line. These managers go through a series of transformational sessions that are often enrolled into. The corporate management training programs focus on streamlining the leadership at all levels.

Most of strategic decisions are made at the top level. The strategic decisions are mainly those that affect the type of business that is in and the modes of operations that is being used. The expansion programs especially where large and financially risky projects are involved also falls under this class. Financing decisions also have to be made. The strategic directors are entrusted with the role of choosing the financiers.

Commercial entities are headed by a group of executive and non-executive directors. Executive managers and directors are appointed through a process of voting by the shareholders. This is often done in an annual general meeting. These directors have a very important role to play in running of organizations. They chart a path for companies. This is often done through the formulation of policies, firm objectives and missions.

The class of non-executive directors brings in very important experience in running of risky operations. These directors are either appointed by the appointees of a company in question or could be voted in. They have to be experienced in certain matters since they act as the commercial representatives of the shareholders. They normally provide a neutral platform of running the risky operations. This happens especially when firms are venturing into financially risky operations.

The directors have a fiduciary duty to act in the best interests of various stakeholders. A commercial organization has several types of stakeholders. There are internal, external and the connected classes of shareholders. Each of these has several interests in the company in question. The managers work towards the harmonization of these interests. Where there are conflicts of interests, the directors come up with ways of reducing the conflicts.

Commercial entities are formed with an aim of making money on behalf of their owners. The manufacturing entities venture into the production of commercial and domestic goods. Through the production, demand is created and these firms are able to sell more. The sales generate revenues on behalf of their shareholders increasing their wealth.

Commercial organizations have a duty to conserve the environment around which they carry out their operations. A manufacturing entity should make good any harm that arises as a result of all the production operations. These firms ought to install better production lines that are aimed t reducing the pollution of the environment.

Professionalism encompasses all the codes of work and ethics. These codes explain what is required of company managers as they transact with different clients. The corporate management training programs focus at instilling a certain level of professionalism in the directors and company workers.




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