The Environment Of An Organization

The nature of an organisation determines the different financial statements required to be completed annually. This report will analyse three contrasting types of entities, in addition to the differences in the annual reports produced.

According to Hatch (with Cunliffe) (2006), the prospective of Symbolic-interpretive extends the definition of empirical reality to include experiences that lie outside the reach of the five senses, to include emotions and intuition. As a result, this concept is subject to subjectivity, and cannot be easily replicated by others. The symbolic-interpretive perspective focus on meaning and understandings, resulting in findings that are presented in generalized fashion. In contrast, modernist perspectives focus on the organization as an independent objective entity and take a positive approach to generating knowledge.

Nowadays, ever-changing unstable business environment begins to question companies’ decision in using organizational development as a response to organizational change. According to Waddell, Cummings, & Worley (2011) Organizational change is an approach to correct the organization’s strategy in order to be fitted with the current business environment. Organizational change is a natural course for nowadays changing business environment, unavoidable, and managers’ need to make sure that the organization is fit to the changing environments. This is because when an organization are unable to be fit with the current business environment, they will be forgotten and competitors will replace their position. Example of business who are unable to

Each company has its own beliefs and values that define it. A company culture determines how employees and customers perceive the company, client treatment and how the company should react to various changes in the environment. An organizational culture is a mirror of the company leadership. Different styles of leadership ensure maintenance of various corporation cultures. The climate within an organization determines a company’s financial performance. To ensure their propositions are deemed important, a quality company culture integrates each employee or customer. Job-related problems, either personal or work related, are listened to, and the top management find the best means to solve them. Work is delegated to employees while managers work by the employees’ side to ensure perfection (Alvesson, 2002).

« Critically evaluate the view that the only essential ingredient of a successful manager is the ability to handle people and relate in a caring and meaningful way to the individuals being managed »

Organisational culture, also known as corporate culture, encompasses the principles, backgrounds and views of all the employees of an organisation (Homburg & Pflesser 2000 pp.449-462). This often provides each company with their unique corporate identity, as no two businesses or employees are the same. The idea of individuality leads to companies striving to achieve a ‘strong culture’, which involves the entire work cohort sharing consistent goals and motivations, in hopes of potentially garnering higher profit margins as there many advantages that come with a stronger culture. Such benefits include greater productivity levels, loyalty and the unity of all of an organisation’s employees. While having a ‘strong culture’ is

Organizations and businesses are constantly evolving. Today, you will still find managers leading, planning, controlling, and organizing. The number of managers an organization has will vary, based upon size and need of an organization. Today’s managers must remain flexible in their ability to lead.

While organizations are complex and seemingly “living” organisms teeming with people, this complexity increases when it expands outside its home borders. Multinational corporations have carefully weighed the pros and cons of moving to a global level and developed a solid understanding of the various cultures in countries worldwide. This understanding is not always as solid as managers may think because uncertainties and other areas not considered arise. These may include formulating strategies, managing risks, or motivating people from multiple cultures. What of leadership styles? Often organizations discover that leadership across cultures is a greater problem than initially thought and it takes careful consideration before

The economic and social factors play a crucial role in determining monetary climate that the business operates in and the nature of consumption habits that prevail within that particular area concerning lifestyles. These social aspects help a business organization to evaluate potential changes brought about by their products in the market. Evans and Richardson (2007), insist that an enterprise must factor in technological solutions that it can introduce within the market it seeks to establish itself and research initiatives it can introduce to help improve its operations. The environmental factors should be assessed to establish potential impacts of the activities carried out by the organization in the environment. It is important for any enterprise to be familiar to all

The behavior and success of an organization is fluid and requires looking at its characteristics in a variety of ways. Managers and leaders must be flexible and willing to adjust and change as situations and environment change. Bolman and Deal (2008) have identified four frames that an organization’s leaders can use to strategize in taking the organization from one level to the next, while still remaining true to its employees, mission and values. These frames are: Structural, Human Resources, Political, and Symbolic. In utilizing these frames, management and leaders should consider and exercise the following: 1) be deeply rooted in their organization’s values, mission, and beliefs, 2) be honest and reflective and consider the answers

The performance of an organization is dependent on the decision made within the organization and beyond. In recent months, the United States has seen the enactment of several Executive Orders by the newly elected President Donald Trump. The impact that these orders possess is far reaching with the possibility of influencing the salary systems.

The performance of any organisation is measured by a number of ways like the conducting of surveys; some visible features like communication, poor leadership skills, recruiting and selecting inefficient staff for a job can also affect performance negatively or positively. The performance of organisations is also a way or method of knowing how well or poorly an organisation is doing by assessing or managing them. This is a key function that pushes organisations and individuals to thrive and compete especially in the world of business today. According to a Cipd Survey (2005), the performance of an organisation and how it is managed has significances such as the decision making with regard to employee promotions, recruitment and

All organisations operate in a wider environment, and how people understand, interpret and interact with that outside world affects their performance. Each business is unique, so the external forces that affect them (and which they try to influence) will differ between them. For Richard Branson’s Virgin group, the external environment has constantly been affected by threats and opportunities. Environmental forces do not affect the practice of their own accord.

External environment is the uncontrollable factors, forces, situations, and events outside the organization that affect its performance and strategies. As shown in below figure, the examples of macro environment of an organisation is include factors such as social cultural, political and legal, globalisation, economy, demographical and also technology. Detailed definition of macro environment factors mentioned and the description showed as below.

Abraham Maslow explored a hierarchy of needs, from the most basic physical needs to the most internal needs for selfactualization, and found that individuals respond to motivation that meets their lowest need at a particular point in time. This approach to motivation holds considerable potential for companies willing to apply it to their personnel practices. Another goal setting theory by Dr. Lock explained how specific and difficult goals led to better task performance in general. These two theories have been examined in the perspective of GrameenPhone ltd, the biggest cellular company in Bangladesh. Some major impacts of the two theories are visible in every aspect of GrameenPhone ltd. The motivation level of employees in GrameenPhone is