Vincent’s Feedback
Your insight on the authors is well informed because any economy needs augmented process to sustain its economy on the onset of rapid changes in the market. In this regard, most sectors in the economy will need to address the changes in such a manner that it can counter the increasing challenges in the market. On the other hand, organizations need to ensure that they apply the ideal strategies of continuous improvement to ensure that they can capitalize on the emerging opportunities in the international market. Additionally, the response on how global competition affects the American economy is ideal primarily because consumers in the international market are looking for affordable goods and services that are characterized by high quality (Docquier & Machado, 2016). The answer concerning process improvement is ideal because it highlights the need for enhanced processes that will incorporate methods of problem solving through the identification of the root causes and initiating protocols that will address the causes and subsequently solve the problems.
Indrea’s Feedback
Your answer on how implications of the authors’ assertion that managers have two jobs is clearly right because unlike in the traditional business setting, most of the managers only required to follow a pre-arranged work process (Hoerl & Snee, 2012). However, the contemporary business environment has evolved and managers have to be more proactive when performing their duties at an organization. In addition, although specialization may seem to improve workplace efficiency, it is imperative to note that the organization needs managers who can address different issues that may not be within their specialization realms. Tersely, managers should be at the forefront when introducing organization change and this demands that they have sufficient knowledge about different fields. This knowledge informs how the introduced or proposed changes may affect the performance of an organization.
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References
Docquier, F., & Machado, J. (2016). Global competition for attracting talents and the world economy. The World Economy , 39 (4), 530-542.
Hoerl, R. W. & Snee, R. D. (2012). Statistical thinking: Improving business performance (2 nd Edition). Hoboken, NJ: John Wiley & Sons, p. 7.
