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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 937 |
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As stated in Roover (1946), Cosimo’s “judicious choice of an efficient and honest manager was the key to success or failure†(P. 41). Through the distribution of power, Medici was able to manage risk while focusing on business matters and issues on a larger scale instead of focusing on day-to-day operations which are to be carried out by each responsible manager...
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Further, Medici was able to keep each branch and service line focused by aligning the goals of the managers with that of the organization through the sharing of profits. This further increased employee motivation and assisted with ensuring each division’s success. In Bartlett and Ghoshal’s Harvard Business Review “What is a global managerâ€, the article concluded that “A company’s ability to identify individual with potential…...
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