Importance of Organization Culture in Business

Organizational culture is defines the different type of place an organization, this organization is for people, they will be any type of stakeholder: general manager director, employee and customer. Organizational culture is the big part of values, rules, symbols, taboos and rituals that evolve over time. It is the common feel and thinking shared by members that identifies how is the things get done in the organization. Culture drives expected behaviors internal to the organization ads well and those engaged when interacting with its outside environment. Understanding an organization’s culture helps an employee learn the line and discover whether their personality is a good fit. The greater the acceptance of key values and norms, the stronger the culture. Strong cultures are associated with employee commitment and organizational performance. The strength of culture is determined by the size of the firm, how long it has been around, intensity and turnover rate. Continue reading

Qualities of a Successful Person

Success is the achievement of a desired aim, fame, wealth or social position. So a successful person is somebody who has been able to achieve an aim, fame, wealth or social position. A successful person is somebody who has been able to start a project (no matter how small it is) and see it to the end and should also have guided quiet a number of people to bring their own projects to completion. I believe this is a complete definition of success. A successful individual is the most powerful force for change and happiness on the face of the earth or in all of existence. A successful person achieves their goals no matter what they may be. Sure, success can be anything though, as long as it is a positively achievable ideal. Genuine achievement comes down to a positive ideal in every way that counts. Negative ideals are failure, Continue reading

Major Challenges Faced by Today’s Managers

Business environment is changing drastically in today’s corporate world. In early years of current management era manager were suppose to work exclusively with equipment’s, data and systems; performing traditional tasks. But scenario of management responsibilities has been changed significantly and today’s manger faces issues like cross training, personnel management, interdepartmental communication and widening job scope. Globalization is shaping and re-shaping business environment, resulting in increase of competitors, demand of new sourcing strategies and facing new markets with new demands. Irregular flow of information often subject to quantitatively strong fluctuations, controlling the flow of information is necessary otherwise these fluctuations can become detrimental. Information controlling is the analysis, evaluation and importance attached to the data that collected and provided with the data under various criteria. Because day by day managerial job is becoming more and more hectic manager needs to continuously look for new ways to improve speed and quality along Continue reading

Positive Impacts of Entrepreneurship on the Economy

As economies continue to integrate due to globalization and formally closed economies like India and China march toward total liberalization, entrepreneurship is on the increase. A close analysis of developed and industrialized economies indicates a common denominator that stands out amongst all of them. This is the most important role played by entrepreneurship and entrepreneurs in such economies. This phenomenon has proved to us that if an economy is to develop fully, entrepreneurship should be allowed to flourish. Innovation Individuals often resort to entrepreneurship for one of the following reasons; they find a market niche and have the solution to profit from such niche; they have been unable to find suitable employment or a suitable means of income and therefore have resorted to using their creativity to generate an income for themselves; or they have the technological know-how and the financial resources (or able to source all of the above) Continue reading

Use of Reinforcement Theory to Overcome the Restraining Forces of Change

People refuse to new changes brought in the work environment due to many reasons of insecurity, uncertainty, etc. thus they do not accept the change and stand against it. Here we are trying to use reinforcement theory to achieve our objective. Restraining forces as the forces that make change more difficult. Restraining forces are those factors that resist change to occur; few examples are lack of skill and knowledge, antagonism between the employees and the manager, poor job description. There are many forces that restrain to a change in the work environment such as: Uncertainty regarding change. Fear of the unknown. Disturbances in the routine. Loss of existing benefits. Threat to the current position. Redistribution of power. Disturb in the existing social networks. Conformity to norms and culture. The general principle here is that whenever a change is perceived as creating some threat to the employee having his/her needs met Continue reading

Kotter’s Eight Step Change Model – Explained

Organizational change is described as the shift of the behavior of the whole organization, to one degree or another. One should understand that change is not that can immediately occurs, ought to be intended and planned process to maintain an organization practical and existing. Three categories of organizational change are; Development change is that change where organization try perform better what they all ready performing. Transitional change is that change in which organization implement totally new methods replacing old ones. Transformational change is that change where organization do major overhauling of its structure, vision and strategy and change bring evolution in the organization. Managing culture in the organization is very important these days when every day new technology is coming and there is so much competition in the market to stay on the top. Organizations are going through a big cycle of cultural change these days from daily tasks to Continue reading