A Very Important Aspect of UK Business Scenario Management Bureaucracy

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143500 First of all, it is necessary to describe what is meant by bureaucracy and how it impacts upon a business. It refers to strict adherence to protocol and methods, often causing delay and lowered efficiencies. It could also be seen in terms of overabundance on systems and Established norms, which are often very cumbersome and time-consuming. Normally, bureaucratic systems are found in Government departments and offices, which are exemplary for procedural delays and other malpractices. In management, the term managerial bureaucracy refers to elements and shades of bureaucratic tendencies shown by managerial personnel, mostly with regard to corruption, unlawful dealings, general tardiness and slowness in work processing and procedures and also a presence of nepotism and other kinds of preferential treatment. It could also be seen in terms of using undue use of power and position for material gains. In the context of managerial bureaucracy, it could also be seen that in most cases, powerful interest cartels control the functioning of many corporates, to such an extent, that often corporates are in their hands and are unable to function independently. It is seen that in most cases, business trade are no longer small or uncompetitive, and in most cases, most companies are able to compete, not only in local, or regional markets but also in other far-flung competitive markets. It is seen that strengths of companies have evolved from competitive trade and, through the use of competitive models, some companies have, more or less, gained monopoly trade, by which they are in a position, in some cases, to dictate prices and terms to buyers.