Seven Practices of Successful Organizations

In the 1950’s, GM agreed to pay their workers well, by signing groundbreaking long-term employment union contracts which included:

In today’s economic environment everything changes rapidly not only the economic indicator but also people’s life-style or pattern of consumption. In such a rapidly shifting milieu, creative ideas, knowledge, and innovation are the only stable sources of capital (D. Oliver, “Achieving results through diversity: a strategy for success,” Ivey Business Journal Online, vol. 69, no. 4, 2005.) So developing a more diverse workforce can make the business full of creativity and vigour and the most important thing is that creativity and innovation are the indispensable factors in social

The Fiat Auto acquisition of Chrysler occurred in 2014, which turned Chrysler into an Italian automobile manufacturer (Abrams, 2014, para. 1). By combining these two firms one automaker now have strong ties to the American and Italian auto industry. By Fiat gaining Chrysler’s reputable name it can easily penetrate the American market. This why the acquisition between Fiat Auto and Chrysler can be seen as a growth strategy. Fiat now competes in a large global market, which subjects the firm to many different external environments. The General Enviornment consist of factors that affect every industry, for example taxation. A firm that operates in the auto industry and one that operates in healthcare industry are both going to be subject to government taxation and affect by it. In order to work efficiently and eliminate the threat of general enviornment risk the firm must use a strategy of including these risks in their work process. For example, if Fiat operations in the United States (U.S.) have to follow the U.S. Department of Labor regulations and pay any employee that works over forty hours in a workweek, overtime pay (2015, para.1). In order to reduce the cost associated with paying overtime and keep the budget in line, Fiat might consider hiring in part-time help during its anticipated high volume periods. This will keep production costs low and allow for a larger margin of profit.

I have heard that the hiring committee for the management position that I am applying for has a favorite question: “What are your five guiding principles for organizational management?” When management organization is looking at as a whole and just being able to choose five the first thing that comes to mind is wow! How can I choose, well for me, I have worked in management for the past ten years and I have seen a lot of different types of management styles such as I had a Human Resource manager that was quite the micromanager? I absolutely hated going to work every day because I had to do things her way which left me with no creativity of my own. I have had a manager that was the total opposite and I loved going to work every day, so

The three key organizational principles that that I think are the most important to help guide the structure of law enforcement organizations are chain of command, span of control and unity of command. The chain of command is a chart that organizes the lines of authority from the chief of police to every subsidiary employee under his or her command. This chart benefits in operative choices in the association within the positions of a communiqué as outlined within a law establishment. The span of control limits the amount of bosses for each administrator. This standard helps in each person knowing to whom he or she must report to on a designated shift. On a personal note, it is rather agitating to have three bosses as it creates confusion (Cordner,

People are biggest asset for every organization and, therefore, to draw, motivate, and preserve the most skilled employees and assign them to jobs for which they are exceptionally well suited is a responsible job for human resource. Therefore, human resources management is done in all type of organizations. Profound management of people is equally indispensable in success of organizations as the sound management of production, finance, and other operations. The human resource management field postulates the infinite diversity of people and their dynamics (McKenzie & Traynor, 2002). To get into this career field, one must have the required education degree by completing many different courses, and have the experience along with skills and

The use of value-based method performance method, secondly is the use of advanced technological infrastructure and thirdly is effective collaboration;

You know, a lot of us came from the East Coast and worked in conventional companies. You know, Bob Noyce worked at Philco—very unionized. I worked at GE—heavily unionized. We had experience in those environments where there was a restriction on your ability to be flexible. I worked for a short time in the steam power plant of GE, a steam turbine plant rather, of GE, and the chief shop steward could walk in and turn the main power off and just shut the whole place down and go into discussions. I mean it was an entirely different environment. Now, can you imagine somebody turning the power off in a semiconductor wafer fab facility? ...

Construction of the new plant will also address labour and union concerns related the company’s future in Detroit. A greater focus on flexible skills training, better work environment, and a decreased transfer of profitable product lines out of the new Detroit plant, should increase worker engagement and motivation. A particular focus on the younger workers, as well as potential retirement packages for older workers, may help reverse worrying rates of absenteeism and turnover.

How well a business manages its assets and resources predicates its overall success. Companies that spend financial resources foolishly are apt to find themselves in bankruptcy. Companies that work capital equipment resources beyond the machine’s capabilities or for other than intended purposes are apt to experience downtime and/or lose the equipment to failure. The same premise holds true for a company’s human assets. However, unlike other company assets, which depreciate over time, human assets appreciate over time when managed properly. The article, Importance of Human Resource Investment for Organizations and Economy: A critical Analysis, explains the importance of managing human assets as follows:

Every organization strives to become a high performing organization. The essential elements of effective organizations include a practical business structure, an excellent communication strategy, competent managers, and influential leaders. The elements of success are the same for all organizations; however, the process of incorporating the elements are different because every organization is unique.

One of the most dominant factor is the fact that human resources are the most valuable assets of an organization. Another important principle, expressed by Ashly Pinnington in her book ‘Human Resource Management Ethics and Employment’, is that “a succesful business is more likely to be achieved if the personal polices and

This paper intends to define, firstly, the Human Resource management, functions and then, broadly, the System in terms of General System Theory. Strategic Human Resource Management has been defined in various ways and by various scholars. Following are the most precise definitions: “Designing and implementing a set of internally consistent policies and practices that ensure a firm’s human capital (employees’ collective knowledge, skills and abilities) contributes to the achievement of its business objectives” (Huselid, Jackson, Schuler and Randoll, 1997: 171) “It is the pattern of planned human resource deployments and activities intended to enable a firm to achieve its goals” (Wright, 1998: 187). First, the Human Resource System, consists

People are the key to business success. However nowadays of business this is often neglected and people are seen to be a necessary expense. A successful business does not just rely on a person’s power instead it involves continuous effective teamwork and communication. Storey (1995) defines that human resource management is an individual approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce, using an integrated array of cultural, structural and personnel techniques.

Instead, human resource practices of ‘best fit’ are more effective when they are designed to fit certain contingencies in the organization’s specific context. Consequently, ‘best practice’ is perceived to improve performance within an organization when a select bundle of policies is implemented and the employees are managed more efficiently. Jeffrey Pfeffer’s (1994) work under this conception offers a list of seven practices assumed to be most beneficial to an organization for achieving competitive advantage ‘through people’. (1) The importance of employment security is emphasized because it is unrealistic to expect such hard work and commitment from employees without some expectation of security on their part. (2) Selective hiring is a source of sustainable competitive advantage through its “capturing” of particularly exceptional human talent (human capital). (3) Self-managed teams require efficient teamwork, and are seen as a route to achievement of more creative solutions. Employees deserve to be rewarded for