A view of development in management for increasing profitability in the corporate landscape

Abstract

Purpose

The purpose of this paper is to examine the need for a statistical approach in the development of personnel aspiring for a technical manager/technical team leader position in order to increase corporate profitability. It outlines the details of management training for managerial positions by chronicling the research of thirty academic studies in management strategy as well as real world experiences, which provides a statistical viewpoint for the development of a technical manager/technical team leader as a significant contributor to profitability within the corporate landscape.

Design/methodology/approach

This study begins by validating the strategic management model (Process 1), which states that managerial influences in the organization are important to consider and greatly affect the profitability of a corporation. Statistical methodologies are introduced as tools for the analysis in the development of the technical management/technical team leader position. Using interval-based analytical hierarchy process (i-AHP), the beginning of the process to develop a manager starts with Process 2 at their initial position, developing an employee using personnel management techniques and statistically measuring motivation and commitment. After the employee has demonstrated their abilities and gained knowledge of the people and processes, another assessment is conducted to enter the employee into a development position; Process 3. Process 3 considers the key metrics which will be necessary to allow the employee to develop corporate advantages. Process 4 shows the critical concepts (Process 1 and Process 2) that managers must consider when taking a technical manager/technical team leader role, including personnel development, knowledge management, and project management.

Findings

Corporate profitability is profoundly dependent on the development of employees throughout their careers. The profitability achieved within a corporation landscape can be evaluated and improved through the proposed processes. These processes not only can improve the ability for a newly appointed technical manager/technical team leader to overcome obstacles and navigate difficult situations but also increase the chances for: developing employees to increase corporate profitability, increase corporate profitability themselves, and to develop as a future manager who will be significantly increasing corporate profitability.

Originality/value

This study proposed the statistical processes to develop a technical manager/technical team leader candidate by creating a link between the initiation of the employee’s career, their future job positioning, team working skills, leadership attributes, development of technical management/technical team leading skills, and later management skills to increase corporate profitability.

Citation

Sarfaraz, A., Jenab, K. and Bowker, A. (2015), "A view of development in management for increasing profitability in the corporate landscape", Benchmarking: An International Journal, Vol. 22 No. 1, pp. 120-134. https://doi.org/10.1108/BIJ-09-2012-0058