Change is not an easy factor to go through. Taking in to account that it does not matter if it is a change of rules, space or simple habits. The concept of change involves many other functions. Where the resistance to it, sometimes is hard to adapt or maybe just simple depending the management and organization between one and more individuals, which makes part of an organization structure and affect a whole organization. Organizational change in inevitable just like anything in life, in addition to this the evolution of the world markets and cultures. Makes the change something that requires constant attention and preparation. In order to be successful in any market, an organization has to be able to transform an evaluate different kind of statements that show the importance of organizational change in the develop of a company. Change is understood as doing things differently in order to cope Continue reading
Management Basics
Types of Information Used in Business
Information used in business can be either systematic or non-systematic. Our discussion is generally limited to information that flows through a formal system, but it is important to keep in mind the fact that a great deal of information reaches the manager from sources outside the formal system. Newspaper and other news media, conversations, and even a manager’s perception of a colleague’s facial expressions are important sources of information. Many managers give more-attention to such sources than to the formal reports. Information can be external or Internal. Much information that is relevant to the manager flows into the organization form the outside environment. This information can be systematic regular reports from trade associations, government agencies, and so for, or it can be unsystematic. Information from and about the environment that s rounds the organization is important, but we do not discuss it extensively in this book because of its wide Continue reading
The Role of Strategist in a Business Organization
Strategists are individuals or groups who are primarily involved in the formulation, implementation and evaluation of strategy. A strategist is like a root of an organization. In order to overcome the deadly traps in any organization a strategist must first think outside of the “box” and they must focus on both “forest and the trees.” They must need to concentrate on three aspects of human intelligence like Intellectual Intelligence (IQ), Emotional Intelligence (EQ), and Spiritual Intelligence (SQ). The mind of strategist must try to decide when to do strategy and when not to do strategy, clear target markets, competitive advantage, 80/20 focus and alignment. They need to do research, analyse the given situation with the available information’s and comes out with the best solutions. The heart of strategist must have the concepts, rules, power and politics play an important role in the development of any strategy. The end result Continue reading
Functional Organization – Meaning and Features
Functional organization is technically called functional foreman-ship because the function itself becomes a supervisor and the employees automatically perform their respective duties. The emphasis of functional organization structure is on operations rather than on management. Functional organization is commonly used in business organizations. The spirit of organization, which involves grouping tasks together and allocating them to genuine employees is observed in functional organization. Functional sets like marketing, finance, production and personal are grouped systematically. Departments and sub departments are developed according to the requirements of the business. Functional organization is the basic building block or module from which other forms of organization are built. Functional organization is characterized by function, sub-goal emphasis, division of work, functional relationship, centralization and decentralization, span of control, divisionalization of product and regionalization. All employees are not equal; they have distinctive and special interests in different activities, while some of Continue reading
Definition of Management by Eminent Authors
Management is a word that is quite wide spread and cannot ever have a precise and concise definition. There have been lot of definitions to it in the past that have tried to define the meaning, objective and scope of management in our lives but none of them has been able to precisely and completely define the scope and meaning of management. Many eminent authors on the subject have defined the term “management”. Some of the widely known definitions of management are as mentioned here. According to Lawrence A Appley; “Management is the development of people and not the direction of things”. According to Joseph Massie; “Management is defined as the process by which a cooperative group directs action towards common goals”. In the words of George R Terry; “Management is a distinct process consisting of planning, organizing actuating and controlling performed to determine and accomplish the objectives by Continue reading
Factors Affecting Organizational Structure in Multinational Companies
The organization structure is an approach that helps and guides in organizing the employees of the organization into a structured and organized pattern for better coordination and communication. The structure in a multinational company defines the architecture of the business competence, functional relationship and management function. It helps in reducing confusion in the business environment and also supports in carrying out the business function smoothly and efficiently. The organization structure is affected by various internal and external factors which are also known as the organizational environment since organization works around these factors and the environment. The organizational environment consists of all those factors that influences the organizational working and thus can also influence the organizational structure since in each country and geographical areas the organizational environment would change. The external organizational environment that would influence the organizational structure is the economic, political and legal, socio-economic, technological and natural factors. All Continue reading