Henry Mintzberg had arranged strategy approaches into ten school of thoughts, each had its own strategy characteristic toward organization. Two of these schools: “cultural” school and “environmental” school are going to be taken into consideration. The main features of each school will be introduced firstly before going on their differences and similarities. Nowadays, culture within a business is necessary to preserve its own power and imagine. It groups individuals effectively into an organization. Mintzberg considered organizational culture as key resource of competitive advantage. It also affects to business changes in decision making style or dominating the value of service, quality, and innovation and so on. Environmental school, on the other hand, Mintzberg, 1998 noticed that “Environmental school first grew out of so-called: contingency theory, which described the relationships between particular dimensions of the environment and specific attributes of the organization”. It means that, in contingency view, environmental reacts to the Continue reading
Modern Management Approaches
5 Challenges Faced by Women Entrepreneurs
Women constitute around half of the total world population. So is in India also. They are therefore regarded as the better half of the society. In traditional societies, they were confined to the four walls of houses performing household activities. In modern societies they have come out of the four walls to participate in all sorts of activities. The global evidences prove that women have been performing exceedingly well in different spheres of activities like academics, politics, administration, social work and so on. Now they have started plunging into industry also and running their enterprises successfully. Women entrepreneur is a person who accepts challenging role to meet her personal need and become economically independent. There are economical, social, religious, cultural and other factors existing in the society which responsible for the emergency of the entrepreneurs. Al through small businesses owned by women have traditionally focused on fashion, fond and other Continue reading
Regeneration of Offices and Modern Approaches to Working
Design of a contemporary workspace has a responsibility to comply with current respect of social change, work flexibility, evolving technology, sustainability and a diverse workplace. Current offices are in need of constant innovative solutions that will sustain the modern way of development in co- working places. Contemporary offices are in need of stable development and adjustments to existing social principles. Present day work environment has significantly changed throughout the decade. Co-working office spaces are now in need of a relaxed atmosphere. Studies show that contemporary culture in the way people work allow them to prosper better within the business markets. Twenty-first century office design comprises in merging single user and collaborative needs to give the best possible opportunities. From large scale offices to live/work projects and small-scale refurbishments, the type of social needs imposes a movement of the idea how every office can be improved. Within the corporation’s framework employers Continue reading
Business Continuity Management (BCM) – Meaning and Example
“An ounce of prevention is worth a pound of Cure” – Benjamin Franklin The entire businesses around the world are exposed to risk or disruptions whether it is from fire, equipment failure, natural disaster, communication failure, economy downturn or an act of terrorism. There can be hardly superior hazard to any organization than recession. The organizations experienced more disruptions than ever in the past years. These disruptions can ruin the organizations or make it difficult to survive. This is where Business Continuity Management (BCM) plays integral role to smoothly run the business without any interruption. Business Continuity Management is very important for the endurance of the business. Business Continuity Management is a method designed to ensure that the functions of an organization can be managed or restored promptly in the event of internal or external occurrence. One of the most important objectives of the BCM is to reduce the legal, Continue reading
Entrepreneurial Motivation Factors
Entrepreneurship is the process of adding something new [creativity] and something different [innovation] for the purpose of creating wealth for the individual and adding value to society. An entrepreneur has to be creative and innovative in order to have a sustainable growing business. In fact, entrepreneurs are considered as one of the main contributors to country economy growth. Entrepreneurial activity benefit community and society as it creates job opportunity, income, products and services with his creativity and innovation to us. Important Factors of Entrepreneurial Motivation Motivation is one of the elements in influencing the process of entrepreneurship. The general entrepreneurial motivation factors, including need for achievement, locus of control, vision, desire for independence, passion, and drive. Need for Achievement: Individuals who have higher level in need for achievement are will have higher desire to involve in activities or tasks that have a high degree of individual responsibility for outcomes. Entrepreneurial Continue reading
Implementing BPR in Hierarchical Authority Organizations
Today the business world is characterized by unpredictable changes, under the global competition and the customers’ demands. To be successful in such an environment, a firm must operate with speed, flexibility, low overheads and a clearly defined customer focus. The term business process reengineering (BPR) refers to an approach that is used by organizations seeking improvements in their business performance. Organizations consider BPR as an important tool of organizational improvement, as it helps them achieve the radical change necessary for today’s volatile business environment. Additionally, BPR stresses the importance of linkages within an organisation. Though its structure integrated processes are generated concerning the nature of people’s jobs and how people are grouped and organized in the working environment. What is more, through BPR people’s jobs become multidimensional instead of narrow and traditional task orientation. When the concept of process is promoted in the BPR, cross boundary teamwork is incorporated and Continue reading