Sadia Zia

Suggest solution to Askinosie Chocolate's problem Management has always played essential role while running any sort of business. Numerous management styles are used to run the business in right order. Askinosie Chocolate has used similar formula to take their business towards acclivity or prosperity. But due to poor autocratic style of management created hurdles in maintaining growth rate of the company. Hence, there are several ways that can be used to tackle this tragic situation. Company should adopt different leadership and management style in order to achieve good result for the betterment of organization. Company should go towards participative leadership rather than following autocratic style. Participative leaders always keep in mind to involve subordinates, superiors, peers, stakeholders, etc. while making important business decisions. They give invitation to the employees whenever leaders want to seek advice on some important decision, this strategy proves to beneficial as it gives a sense of responsibility and respect to the inferiors while inferiors try to give their best to fix the loss of the company. It gives motivation to the subordinates and other members of a team to put their whole efforts to accomplish the task, whereas autocratic style lags behind in this context. Autocratic leaders give more importance to their decisions instead of subordinates; somehow this management style can develop feeling of discontentment among the workers. Company should give some responsibility to the middle level managers so that they handle the newly applied management style within organization and give rise to the falling growth of firm. They should be trained to such level that they could easily manage the whole messed up system. They should be given authority to conduct business plans with complete coordination with the janitors or the top leadership. This style of management should be planned fully and must not bear any flaws that may ruin the dwindling business in coming time. They should make such decisions that may not only give benefit in present times but also in the future. Here are few tips that can be used to find the solution: First priority should be given to find the solution of the current problems. Managers should know the purpose and have one clear motive that they have to attain in short span. They must double think before conducting out final decision and implementing it to improve situation of the business. If there is less force of labors then they must hire more capable labors and built better relations with them. Company should try hard to serve its stakeholders in the best possible manner. Customers often believe that company must have a good quality service with the good quality product. Therefore, Askinosie Chocolate must find ways to mend relationship with the employees and solve the differences that they are having with the management. Employees are backbone of any organization and they always support in difficult period. Building trust among the workers is the most essential thing to carry out profitable business. They should also keep check and balance on the work conditions and environment that it is suitable for the employees or not. Company should focus more and more on the resources that they have at hand. They should use resources effectively and efficiently. They must estimate the current value of tangible resources, financial resources and carry out their plans accordingly. They should make sure that they have enough finance and physical resources to implement new ideas and techniques easily. Solution must be affordable to the company as they cannot put burden on the company that is dwindling before. Conclusion: Company can achieve better result by following all the above mentioned rules and strategies. They should stay strong and carry out their plans with ease and comfort. Company must cut unnecessary expenses as it can be major obstacle in the growth of business. They can reduce expenses by using energy saving programs to save their power expenditures. They must think before taking any loan if they are running out of cash. They should focus more on building trust among subordinates and leaders. This is the most essential tool for running the business effectively. They must plan everything vividly before imposing it. There focus should be upon the profitability of business as it has always been a major concern for the success of any organization.