...Organizational culture is a system of shared beliefs & attitudes that develop within an organization & guides the behavior of its members. It is also known as "corporate culture", & has a major impact on the performance of organization & especially on the quality of work life experienced by the employees. Organizational culture "consists of the norms, values & rules of conduct of an organization as well as management styles, priorities, beliefs & inter-personal behaviors. Together they create a climate that influences how well people communicate, plan & make decisions". CONCEPT OF ORGANIZATIONAL CULTURE: - Culture consists of beliefs & behavior. It is cultivated behavior in the sense that it is learnt from the other members of the society. Organizational culture is the totality of beliefs, customs, traditions & values shared by the members of the organization. Organizational culture stress on sharing of norms & values that guide the organizational members' behavior. These norms & values are clear guidelines as to how employees are to behave within the organization& their expected code of conduct outside the organization. NATURE OF ORGANIZATIONAL CULTURE:- The main features of organizational culture are as follows:- 1. Like an individual, every organization has its own personality. 2. The personality of the organization defines the internal environment of an organization. 3. It differentiates an organization from the others. 4. It is relatively enduring or...
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...M-TRONICS was founded during the consolidation of small local machine shops in the early 1900s. From early 1900s to 1999, M-TRONICS has struggled and faced with many operating and personnel problems within its organization. One of the positive aspects of this company is EBIT Margin. According to the EBIT Ratio, M-TRONICS has done very well in the last decade (90-99). At present it has a bright future. M-TRONICS has to consider every alternative they have in order to make sure that their organization is able to continue with its growth strategy. . The alternative that is mentioned below for M-TRONICS will allow them to solve the issues that are being restricted in the organization's growth strategy. After analyzing the main issues and the internal and external factors, the best alternative for M-TRONICS is to realign the organization so they can think closely about on one strategy and one focus. This case analysis will recognize the issues that are being faced by M-TRONICS, an analysis of the external and internal factors, and to provide the most feasible solution for the organization. Key Issues M-TRONICS must evaluate the different options they have that would allow their company to grow within their competitive industries. The key issues and questions that needs to be addressed in this case analysis are: 1. Should the Entrepreneurial Subsidiaries be a key part of M-TRONICS' growth strategy? The Entrepreneurial Subsidiaries at M-TRONICS is causing a money drain as large amount...
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...Executive summary. The greenfield FDI is a form of direct investment where a parent company starts a new business in a foreign country by setting up new operational facilities. In addition to building new facilities, most parent companies also create new long-term jobs in the foreign country by hiring new employees. In order to decide which country is better for ‘greenfield’ foreign direct investment via sole ownership, the advantages and disadvantages of the countries should be considered. For example, China is a developing country, and during the past 30 years, China’s rapid economic development shows that China has a strong power in developing economic. In recent decades, China stays on one of the leading positions in direct investment and therefore a lot of investments to this country are considered to be profitable for any company or investor. The reasons are simple: the growth of the economy and a large number of different projects. Foreign direct investment in China, due to stable growth potential of the economy and a huge production resources, aimed at both the external and the internal market.The innovative ability is a great attraction for investment managers around the world. In contrast, a lot of foreign investors had chosen China for investment and this resulted in a very big competition. Nevertheless, USA is a successfully developed country. And its economy is the top one in the world. As the most important country in the first world countries, the USA...
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...OF CONTENTS 1 LIST OF ACRONYMS 4 1. THE GENERIC COMPETITIVE STRATEGY AS WELL AS THE KEY ELEMENTS OF SHANGRI-LA HOTEL’S STRATEGY 5 2. ASPECTS THAT UNDERLIE SHANGRI-LA’S EFFORTS TO EXECUTE ITS STRATEGY (5) 6 3. CRITIQUE OF THE COMPANY’S TRAINING AND COMPENSATION POLICIES AS WELL AS CAREER GROWTH EFFORTS? 7 4. AN ASSESSMENT OF THE CULTURE AT SHANGRI-LA HOTELS AND WHAT IMPACT ‘THE MISSION STATEMENT’ HAS ON THE COMPANY’S CULTURE 9 5. CHALLENGES THE COMPANY FACES AS IT ATTEMPTS TO TRANSFER ITS CORE AND DISTINCTIVE COMPETENCIES 9 6. WHAT DOES THE COMPANY’S FINANCIAL AND OPERATIONAL PERFORMANCE REVEAL ABOUT HOW SUCCESSFUL ITS STRATEGY AND STRATEGY IMPLEMENTATION EFFORTS HAVE BEEN? SHOULD SHAREHOLDERS BE PLEASED WITH THE COMPANY’S FINANCIAL PERFORMANCE? 10 7. CHALLENGES SHANGRI-LA FACES IN EXPANDING INTO EASTERN CHINA 11 8. HOW DO THE CHALLENGES ASSOCIATED WITH SHANGRI-LA’S EXPANSION INTO OTHER COUNTRIES COMPARE WITH THE COMPANY’S EXPANSION IN CHINA? 12 9. HOW BIG A THREAT DOES THE EXPANSION OF OTHER HOTEL CHAINS INTO CHINA POSE FOR SHANGRI-LA HOTELS? 12 10. RECOMMENDATIONS TO SYMON BRIDLE TO IMPROVE SHANGRI-LA’S PROSPECT FOR CONTINUED SUCCESS 13 LIST OF ANNEXURES ANNEXURE A: LIST OF PHOTOGRAPHS AND PICTURES PICTURE 1: LIST OF GRAPHS AND TABLES GRAPH 1: TABLE 1: LIST OF ACRONYMS THE GENERIC COMPETITIVE STRATEGY AS WELL AS THE KEY ELEMENTS OF SHANGRI-LA HOTEL’S STRATEGY (10) The generic strategy...
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...2009 Suparn Sharma, Jyoty Sharma, Arti Devi 205 CORPORATE SOCIAL RESPONSIBILITY: THE KEY ROLE OF HUMAN RESOURCE MANAGEMENT Suparn Sharma (PhD),Joity Sharma (PhD), Arti Devi Abstract Business organizations have waked up to the need for being committed towards Corporate Social Responsibility. But still majority have just been taking up some form of philanthropic activities for its stakeholders. Nurturing a strong corporate culture which emphasizes Corporate Social Responsibility (CSR) values and competencies is required to achieve the synergistic benefits. The employees of an organization occupy a central place in developing such a culture which underlines CSR values and competencies. The present study, therefore, is an attempt to explore the engagement of human resource management professionals in undertaking Corporate Social Responsibility. It also suggests Human Resource Management to take a leading role in encouraging CSR activities at all levels. The combined impact of CSR and human resource activities, which reinforce desirable behavior, can make a major contribution in creating long term success in organizations. Sharma S., Sharma J. and Devi A. - Corporate Social Responsibility: The Key Role of Human Resource Management 206 Business Intelligence Journal January Introducción Business houses, right from the inception of human race, have been regarded as constructive partners in the communities in which they operate. Though they have been instrumental...
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...public and commercial customers Citi, since 1969. They are one of the leading courier services, sending 76,000,000 items per annum via an ever growing fleet of over 2,500 vehicles. “City Link’s annual revenues exceeds £320m, however the company has notoriously been making losses despite its high sales, with £25 million of losses reported in just nine months 2011, and £26 million in the year of 2012. In the response of this, Rentokil Initial ,who acquired the company in 2006,sold the business in 2013 to Better Capital, a private equity group, who are now investing in the company in the hope of seeing growth” www.track-parcel.co.uk/citylink The company offer a large packet of services to their costumes: standard delivery services, UK next day delivery, international air express, international road express and opportunity to add insurance cover for fragile or valuable items, or to use online booking system where people can send the occasional parcel without opening any kind of account or having a formal arrangement with the company. “The national network is supported by dedicated account management and costumer services team, which benefits our customers by working with a partner who provides a reliable, secure and flexible services. The company vision is to maintain our position as the expert within the UK parcel market” LO1 Understand the different perspectives of human resources management. Explain Guest’s model of HRM Human Resources Management can be define as...
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...Check- Employees get info on their skills, knowledge and where they fit in into the company. Employers communicate opportunities available, performance evaluation and where they fit in long term. Goal Setting- Identify the goal, and the method of determining their progress towards the goal. The employer makes sure the goal is specific, challenging and attainable. Committing to help the employee reach his or her goals. Action Planning- The employees identify the steps and timetable to reach goals. The employer identifies the resources needed including courses, work experience and relationships. Describe and discuss the family friendly schemes that fall into the category of the other employer-divided benefits. Family Leave- This gives employees time off to care for their dependents when the need arises. Paid family leave remains rare in the United States, but unpaid leave is required by law for up to 12 weeks. Most employees do not take the full 12 weeks many cannot afford to, especially if they are in charge of their household and some are unwilling to use it fully for fear of damage to career opportunities. Child care- This takes several forms, needing different levels of the organizations involvement. In the highest capacity the company can have child care in or near your work. At another level they can provide vouchers or discounts to their employees for the child care facilities. The results of absenteeism and productivity has varied. College- Some organizations...
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...people engaged in work or employment. The goals of occupational safety and health programs include fostering a safe and healthy work environment. OSH may also protect co-workers, family members, employers, customers, and many others who might be affected by the workplace environment. Human resources are one of the most important features of many businesses. A business’ success relies heavily on the effectiveness to which this resource is managed. Policies and practices used by the firm, set out the standards to which they seek to aspire. They are designed to govern the operation of the business; especially in today’s economy where there is such a rise in service industries. This paper seek to highlight the importance of Workplace Health and safety to the business, to develop an understanding of how its effective management can affect the performance of a business, outline how this can be effectively carried out with the interest of the company in mind. It is often said that, “the health of a nation is the wealth of a nation”, the same concept applies to business. The health and safety of a company’s human resource is an enormous contributor to the success of that business. Human resources account for a large proportion of many company’s' costs; it is the people that invariably drive a business. According to the Bureau Veritas, Workplace Health and Safety refers to, the evaluation of risks relating to the health and safety of an organization’s workers and others (including the public)...
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...Leadership Assessment Assignment 2 BUS 302 Prof. Thornton De’Shonda Lyons 11/23/2014 Question No. 1 Analyze the leadership style (s) of a senior (CEO, CFO, COO, Director, etc) in your current or previous organization who made a positive or negative impact on you. An employee who is effective in working and contributes to the organization success is a leader in his own eyes. Every leader has a different set of style which he used to incorporate the organizational goals and objectives. The implementation of plans, guidance to the people of the organizational and their motivation is few factors that come under the leader responsibility. Leadership styles or approaches a leader take to solve a certain problem changes in different scenarios. The best leadership style depends on the issues the organization face and its culture according to www.edcucationalbusiness.com. A company I worked for their leadership style that entail in my company of the CEO is situational leaning towards participative leadership style. Such a style requires the leader to be adaptable to the situation and to the abilities of the team. The leaders quickly adjust themselves to the constraints and limitations imposed on them. If a situation arises where the CEO has all the information, he will most surely use the authoritarian leadership style as he is the coach and mentor. In a situation where the information is distributed between the CEO and the workers, he will go for a participative...
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...Sector. 10, Uttara, Dhaka-1230, Bangladesh. Tel: +8801727343088, E-mail: sunbeams.uttara@gmail.com and the Junior section in Dhanmondi: House No. 51A, Road No. 16 Dhanmondi, Dhaka-1205, Bangladesh. Tel: +88028116311, +88028124484 School Motto At Sunbeams, aim to inculate the following qualities in their students. 1. Knowledge, Skills and Learning 2. Leadership and Initiative 3. Faith and Patriotism 4. Integrity and Honesty 5. Humility and Tolerance 6. Confidence and Self Reliance 7. Commitment The seven beams of the sun in their logo represent these objectives. Vision and Mission of Sunbeams Sunbeams exist to provide the best possible teaching and learning experiences for every individual. The curriculum is designed to prepare students for the General Certificate of Secondary Education, University of London, and for all requirements of higher education while enabling them to learn and excel in areas of individual interest. The school accepts students from a wide range of economic and cultural backgrounds. Candidates for admission are selected on the...
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...34 17 COMPENSATION 37 18 TRAINING AND DEVLOPMENT 40 19 PERFORMANCE APPRAISAL 42 20. BIBLIOGRAPHY 46 Human Resource Management Page| 2 Executive Summary NTPC strongly believes in achieving organizational excellence through Human Resource. In order to meet Organizational Goals, NTPC leverages the potential of its 24,546 employees by following “People first approach” and states “ People over PLF”. HR functions have formulated an integrated HR strategy which in turn rests on four building blocks of HR viz. Competence Building, Commitment Building, Culture Building and System Building. All HR initiatives are undertaken within this broad framework to actualize the HR vision of enabling the employees to be a family of committed world class professional there by making NTPC a learning organization. NTPC is one of the Maharatna Company (CPSE)...
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...work, the recipe for success that combines them is often amiss (Gartner, 2013). Information should be managed in way that establishes best practices, and is based on core principles of Infrastructure Library (ITIL) standards and guidelines. ITIL is essentially a set of publications that together offers a framework of “best practices” management guidance for all aspects of IT services (Tan & Payton, 2010). This assignment will cover the ins and outs of when information technology fails within the health care organization. Research will be done to identify what the contributing factors are when failure occurs, and how it impacts the organization’s operations and the security of the information. Also the team’s reaction to the failure, as well as the measures taken by the leaders in dealing with the various stakeholders will be explored. Custom application and proprietary systems, along with project metrics and portfolio management for the insurance of operational efficiency and effectiveness will be discussed. Also a view of what the government has done to secure health care and patient information will be analyzed. Background story- A Florida health system experienced an IT network failure that rendered the organization’s $80 million Epic electronic medical record system to fail, the outage lasted nearly two days. The three-hospital Martin Health System (MHS) located in Stuart, Fla, reported a...
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... The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over 2 million employees. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Wal-Mart is also the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states and Puerto Rico. Walton was extremely successful in running the store in Newport, far exceeding expectations. However, when the lease came up for renewal, Walton could neither come to agreement on the existing store's lease renewal nor find a new location in Newport. Instead, he opened a new Ben Franklin franchise in Bentonville, Arkansas, but called it "Walton's Five and Dime." There, he achieved higher sales volume by marking up slightly less than most competitors. On July 2, 1962, Walton opened the first Wal-Mart Discount City store located in Rogers, Arkansas. The building is now occupied by a hardware store and an antique mall. Within five years, the company expanded...
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... The company is the world's 18th largest public corporation, according to the Forbes Global 2000 list, and the largest public corporation when ranked by revenue. It is also the biggest private employer in the world with over 2 million employees. The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. It is headquartered in Bentonville, Arkansas. Wal-Mart is also the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America. Wal-Mart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states and Puerto Rico. Walton was extremely successful in running the store in Newport, far exceeding expectations. However, when the lease came up for renewal, Walton could neither come to agreement on the existing store's lease renewal nor find a new location in Newport. Instead, he opened a new Ben Franklin franchise in Bentonville, Arkansas, but called it "Walton's Five and Dime." There, he achieved higher sales volume by marking up slightly less than most competitors. On July 2, 1962, Walton opened the first Wal-Mart Discount City store located in Rogers, Arkansas. The building is now occupied by a hardware store and an antique mall. Within five years, the company expanded...
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...Corporate Culture and Its Impact on Strategic Change Research and experience from ODR ® Culture—“the way we do things around here”—provides guidance, whether intentional or de facto, on what is done (or is not), how it is done (if it is), and why it is or isn’t done. Culture permeates every organization, and has the ability to either support or destroy even the most critical change initiatives. The power of culture is an important consideration when planning change. This paper will help you understand the dynamics of organizational culture and what contributes to supporting or obstructing change initiatives. It will also address whether or not to attempt shifting a culture, and how it should be approached if such an endeavor is warranted. Understanding how culture is formed and knowing how and when to take it on are essential foundations to successful strategy execution. You can deliver on transformative change promises only to the extent that you build a supportive culture. The Dynamics of Culture While there are many viable definitions of organizational culture, within this paper it is important to work with a definition that centers on the relationship of culture to major change. In this context, culture is defined as the patterns of mindsets and behaviors shared by people in an organization. Thus, an organization’s culture consists not only of what is done; it includes why. Corporate culture is, in effect, an organizational self-concept roughly analogous to an...
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