In for-profit Corporations, the primary function of Corporate Management is to satisfy a range of stakeholders.
This typically involves:
making a profit (for the shareholders),
creating valued products at a reasonable cost (for customers),and
providing rewarding employment opportunities (for employees).
In most models of management, shareholders vote for the board of directors, and the board then hires senior management.
Some organizations are experimenting with other methods (such as employee voting models) of selecting or reviewing managers but this is very rare.
Different demands are placed on managers,
but they must
retain the faith of those who select them (if they wish to retain their jobs),
retain the faith of those people that fund the organization, and retain the faith of those who work for the organization.
If they fail to convince employees that they are better off staying than leaving, the organization will be forced into a downward spiral of hiring, training, firing, and recruiting.
Corporate Management also has a responsibility to innovate and improve the functioning of the organization.
Its a dynamic environment for dynamic people!
2006-08-14 05:48:59
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answer #1
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answered by worldsbestca 3
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The term corporate management is usually used to refer to the managers and management structure (mostly at top levels). It can also mean the strategic policies in use. e.g. The corporate management does not allow discounting prices.
2006-08-12 20:14:20
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answer #2
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answered by Anonymous
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It means managing a listed company, large organization which dealings normally exceed 10 Million
2006-08-12 01:30:59
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answer #3
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answered by Baby_Apocalypse 4
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these are the guys at the top. the ones with the 'big picture'. the guys with the golden parachutes.
these are the cretins who can wipe out hundreds, even thousands of jobs with the stroke of a pen.
at the last company i worked for, corporate management made a promise to wall street to cut something like 10% of corporate salaries and reduct headcount by 10%. something like that----i've forgotten the exact numbers now.
so they cut the required headcount by 10%, but the corporate salaries only dropped something like a percent! LOL!
the noobs at corporate didn't cut any of the "corporate management" jobs---all they cut were the minimum wage data entry workers! LOL! what morons!
as a result, i lost two of the accountants that reported to me. now, repeat after me: Prince Uranus---how many accountants did you have report to you BEFORE the big layoff?
and i will then answer----well, i had TWO accountants report to me---i had to get rid of BOTH of them! and then corporate has the unmitigated gall to issue an intercompany bulletin that these 'are indeed hard times' BUT 'THE WORK STILL HAS TO GET DONE'. in other words----all you exempt salaried folks---its time for 60 hour work weeks for the forseeable future.
i lost my ENTIRE staff to a RIF. and then the controller, my boss, comes in and starts preaching the new corporate gospel to me "Dave---the work still has to get done". my response to her? lay me off---get me the hell out of this stupid place." she left my office in tears. sheesh.
so then there had to be a second wave of rif's---"Reduction in Force", layoffs to ordinary folks. and the second time around they had to target a few people who made over 30K per year!
lol!
2006-08-15 01:18:18
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answer #4
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answered by Anonymous
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