Organizational Culture Employee Growth Or Over Dependency

â€Å"Culture can be both an asset and a liability to an organization† Culture is the shared principles and traditions that influence the ways its member perform. Culture within a business organization can be the difference between a good and a great company, this essay will discuss both positives and negatives of a strong culture then make a final decision about each aspect. The topics that will be covered in this essay are; Consistency or Inertia?, Strong company or flexible company? Easier hiring practices or dangerous homogeneity? Employee growth or over dependency? In a nutshell, the most prominent asset of organizational culture is employee unity, this means the culture strongly influences how employees interact with each other and†¦show more content†¦Measures such as this has been an integral part of maintaining the cultural consistency of the company. (McFarland, K. 2012) Inversely, this consistency can act as a liability in times of necessary change due to the amount of work required to implement change in the short term. A rapidly evolving external environment means organisations have to adapt their cultural practices to keep up with socio-political reform, legislation, competitive innovation and new management best practices preferred by the labor market. Socio-political issues have become a major staple in society, heavily contributing to the public perception of an organization. This in turn, can have dire consequences on an organization’s recruitment prospect, customer base and partnerships. Socio-political reform translates into anti-discrimination legislation regarding cultural practices and protection for certain demographics in the job market. Cultural Adaptation regarding these factors mean a fundamental change in the way employees think and behave. A consistent culture usually means having key senior employees, these employees may b e resistant as it may threaten their position or beliefs. In some cases, change directly threatens the roles of key employees positions. The emphasis on flatter management structures mean middle managers are now seen as redundant because of the trend freely

Essay on The God of Small Things Lessons of History

Time and space have always posed a threat to all creative artists. To move with time is the easiest way. To move back and forth is also not impossible. But to be timeless and space less- this is the real challenge. Yet any artist worthy of his vocation has in one way or another tried to resolve this riddle. How far he has succeeded is the real test of his genius. It does not simply mean neglecting the concept of linear time. Rather, it is all about a timeless and universal appeal of the human element the work contains. The author of The God of Small Things is, at the very outset it is clear, very keen on not being held up by the question of time. The novel is set in a timeless and, one dares suggest, spaceless dimension. The†¦show more content†¦A Royal Entomologists loss. His despair finds vent in his regular beatings of Mammachi, till one day Chacko puts the decisive break to it, following which the old man symbolically murders his rocking chair. Baby Kochamma is reduced to her dish-antenna addiction, supported by Kochu Maria the maid servant, gardening being too short a respite for thwarted love. Chacko had his love in London when he was an Oxford student. Margarette was a hotel waitress, intent on supporting herself. The romance was impossible to last long for Chacko could never fit himself even to a basic minimum tidiness in life as Margarette would have it. Margarette finds her soul-partner in Joe while she has conceived Sophie Mol. The divorce is inevitable and Chacko remains just Sophie Mols biological father. But Joe meets with an accident and dies, leaving for Margarette `a Joe-shaped hole in the universe. Sophie Mol is eleven when she comes to Aymenem, to her biological father, to the two-egg twins and, above all, to her death by drowning. Chacko leaves for Canada, unable to personally save his childs life. His elitist Marxism is not enough to salvage the `Paradise Pickles and preserves either. Yet it is only in a sort of speaking it is correct to say that it all began with Sophie Mols coming toShow MoreRelatedA Course On The Deuteronomic History1749 Words   |  7 PagesIf I were to teach a course on the Deuteronomic History, I would choose Joshua and Judges on the grounds that it holds more stories that have relevance to the context of my United Methodist congregation. The approximate demographics of my congregation are as follows: over ninety percent are Caucasian; over fifty percent are 45 years of age or older; women are the dominate group within most of the small group activities; and the mining, healthcare, and retail industries are the largest employers respectivelyRead MoreMary Rowlandson vs Anne Bradstreet Essay994 Words   |  4 PagesMary Rowlandson and Anne Bradstreet are two women with different stories and one similar faith. Their similar faith in God and passion for writing allowed the two women to survive the contrast of hardships each woman had to endur e. Furthermore, in this essay, I will compare and contrast the lives and faith of Rowlandson and Bradstreet. In the story â€Å"Narrative of the Captivity and Restoration of Mrs. Mary Rowlandson† written by Mary Rowlandson herself, we read that she is taken captive by a groupRead MoreAnalysis Of The Book Ishmael By Daniel Quinn1645 Words   |  7 PagesThe ancient Greeks have taught humans many lessons that have shaped the lives and actions of people in today’s society. These lessons can be found everywhere; in greek myths, plays, or in books influenced by the ancient Greeks. The lessons taught in these stories can be seen everyday in the actions of the people in this world. There is a countless number of things that the Greeks have taught us. One of, if not the most important one is, having hubris or hubristic qualities inevitably leads to consequencesRead MoreThe Doctrine Of The Bible925 Words   |  4 PagesIf the Bible is implied from God, and its centerpiece is about human sin and God s salvation, which is not difficult to imagine must contain or through a set of abso lute moral standards. Bible sin of the word means arrow not in. According to John 5:17 Day says, All unrighteousness is sin. Can see, the crime is a deviation from righteousness. That what, what is it justice? Bible distinguish two kinds of meaning, that is, people of justice and righteousness of God. Deuteronomy 6:25 FestivalRead MoreSecular Humanism Rejects The Idea And Existence Of God1650 Words   |  7 Pagesexistence of God. It is a philosophy of life, which views that humans are the supreme beings of the universe. They believe that the creation of the universe and life is an incredible coincidence. They believe that human existence is fully explained without any references to spiritual occurrences. Secular humanists have no religion and reject the idea of faith and spirituality. They believe that science is the only source of knowledge and reveals the laws of nature and is measurable. Does God exist? CatholicRead MoreReflection971 Words   |  4 Pagesrequired to teach did not deal with religion, and learning about people whom had a greater impact on the way history was made. I can remember that as I started to make my way through high school, I had a history teacher named Mrs. Martin and the material that she used was directly from the book. Very little to hardly any information would come from her own books or past years of study. The one thing about her that was interesting was that she was a very devout Christian. Breathing the news of the gospelRead MoreCulture Vs Pi1546 Words   |  7 Pagesman named Francis, he was a former friend of Pi’s family and a champion swimmer, Pi called him Mamaji which translates to uncle. Mamaji named Pi after the most beautiful swimming pool he’s ever seen, Piscine Molitor Patel, without Mamaji swimming lessons Pi would have never retained his swimming skills to survive the challenges he encountered throughout his journey. Pi lived with his mother, father and brother, his family followed Indian culture because his father was in charge and has say of everythingRead MoreReligion Is The Belief And Worship Of A Higher Power1151 Words   |  5 Pagesmajor aspects with religions such as, beliefs, history, and rituals that all come together to create and shape the ways of a religion. Today, religion is one of the most violent and controversial reasons behind some of the most breaking news you see on television. Religion makes people who they are and is the foundation for all societies and cultures. Belief Christianity is the belief that Jesus is Gods son and that when he died he became the God, the Son, and the Holy spirit, known as the TrinityRead MoreThe Culture And Culture Of Ainu1472 Words   |  6 PagesAinu are the oldest inhabitants of Japan, also the minority in Japan, they live in the Hokkaido region of Japan, has a long history and rich cultural background. The content will describe the Ainu language and their culture. By understanding the language and culture of Ainu, will help us better to understand the cultural diversity of modern Japanese society. Japan is considered the simplest ethnic composition country in the world. The majority people think that Japan is a single nation which is YamatoRead MoreThe Separation Of Church And State1594 Words   |  7 PagesThe question of what needs to be changed and where religion falls in all of this are always questions on the table, but what I know for certain is that the government always has room for growth. While guides have been created throughout American history to help the future leaders of the United States, the separation between church and state has been a constant battle. Those who disagree with the combination say it is unfair. Why is one religion represented and not another? Christianity is a major

Various Issues of Data Privacy †Free Samples to Students

Question: Discuss about the Various Issues of Data Privacy. Answer: Introduction In computing terms, data is known as the information, which has been converted that would be efficient for processing or movement. As compared to the recent computers, the data is such information, which is converted into binary digital form. The data privacy is defined as the privacy of private information. The privacy of data is related to the personal data, which is stored on the computer systems. The privacy of various kinds of information is also known as the data privacy. The privacy is an ability of an individual or group in order to seclude themselves. The content of the information, which is considered as private can vary among individuals and cultures. The field of privacy moderately overlaps the confidentiality. These includes the concepts of proper usage along with information protection. In the recent times, the privacy of data is the major area of concern. The need for the maintenance of data privacy could be applicable to some personal collected information. This includes financial data of several organizations, criminal records, data of websites or business related information and medical records. The privacy of data is one such aspect of information technology, which deals with the ability of an individual or an organization in order to determine about what kind of data could be shared with third level parties. Data Privacy can be considered as an important aspect of the sharing of vital information. With the advancement in the field of technology, the vulnerabilities in the personal information of individuals and organizations have increased gradually (Bajaj, Sumeet and Radu Sion 2014). The privacy in information might be applied in several ways. This includes the use of encryption technology, authentications and masking of data. Each of these technology attempt to ensure that the information would be only available to those users who have authorized access. These measures of protectiveness of the valuable information are dedicated towards the ways to prevent the mining of data and the illegal access of private information. In the recent digital age, different organizations are applying the concept of the privacy of the data to some critical personal information. This might include various medical and health records, bank related data, credit and debit card numbers, social security numbers and many other kinds of vital information. The privacy of data is also important for different businesses as their information might include the data of the operations, financial information of the business and also the information about where they would be spending or investing their money. If private data is leaked to some unauthorized users, then worst things could happen. A breach of data at a government agency could put their secret information in the hands of the enemy. Data breach in the corporate sector could leak their data in the hands of their competitors. The main challenge of the privacy to the data is during protecting the preferences of the privacy of an individual. As the regulations and laws, which are related the Data Protection and Privacy are changing at a rapid pace, hence it is extremely important to keep updated with the changes in the law. It is also essential to continually keep a check with the compliance with the privacy of data and regulations of security. The privacy of data could be related to different types of data. These includes the privacy on the internet. Each and every personal information, which is shared on the internet is subjugated to privacy related issues. Financial related information is also sensitive, which may be used to conduct offline or online fraud. Medical records are also subjected to rigorous laws, which would address privileges to access to the user. As per the law, the systems of security and authentication are mostly required for individuals, who would process and the medical records of an individual (Bygrave 2014). Recommendation In order to safeguard the data from unauthorized users, there would be some recommendations. A single program should be used for multiple functions of the protection of data. An efficient backup methodology should be used in order to reduce the total time that would be required in order to perform the backup of the data and also enable a faster process of the restoration of the data. A web-based interface could also be used in order to manage the protection of the data for an enterprise from any computer that would be connected to the internet. Hence, from the above discussion it can be concluded that the privacy of the data is an important area of concern, which should be taken care of at an urgent basis. Data breach is a major area of concern in the recent times. Data from all over the world is being tried to be hacked by various unauthorized users. Hence, different security mechanisms should be taken into consideration regarded to the privacy of personal information. References Bajaj, Sumeet, and Radu Sion. "Trusteddb: A trusted hardware-based database with privacy and data confidentiality."IEEE Transactions on Knowledge and Data Engineering26, no. 3 (2014): 752-765. Bygrave, Lee A.Data privacy law: an international perspective. Vol. 63. Oxford: Oxford University Press, 2014.

Emerging economical trends

Questions: 1. 5 Most Emerging economic trends shaping up the global business today? 2. Identify 5 technologies in India which have direct influence with political decision-making? Answers: 1. Emerging economical trends shaping Global business Globalization has reduced restriction and allowed transfer of technology and knowedge reducing the World to a mere global village. This has changed the way business carry out their operations. The following are emerging economic trends that are shaping global businesses today; Technology: Technology is disrupting business models that have been in existence and generating new business models. Technology is making it easy for customers and businesses to connect. Technology has also changed traditional means of payments. For example, the Uber taxi service technology has disrupted and continues to disrupt the traditional taxi business model. Converging tastes and preferences: As a result of globalization, consumer tastes and preferences are converging requiring global business to produce the same products for larger world market. Customers from different parts of the world are requiring the same products. Increasing middle class: The world middle class has been broadening. This is increasing the purchasing power of the world market as a result of increase in disposable income. This is necessitating global business to increase their production to meet the increasing demand. Decreasing production cost: Global businesses are attaining low production cost as a result of automation of the process and use of robots in production department. This factor is making the products in the global market to be cheaper. E commerce: Global businesses are trading through the internet. They sell their products and outsource labour through the internet (Sharma and Loh, 2009). Global business are outsourcing labour through the internet. Instead of hiring employees on permanent basis, companies are outsources services from the global labour market. This has reduced the cost of operations of the global businesses. 2. Technology creates interfaces that connect people allowing the share, contribute and get information while in different locations (McGregor and Mourao, 2016). When people connect, they discuss issues that affect them including politics. India being a democratic country, it political decisions are influenced by information trending on technologies. The following are technologies that have direct influence on political decision; Social media: The social media include Twitter, Facebook, Linkedin, Instagram and WhatApp. The social media enable citizen to post issues and then the information can be shared, commented or liked (Ortuoste, 2015). This makes the information to trend on the social media. The government is influenced by the opinion of citizen on matters that are discussed on social media. YouTube: This technology enable posting of videos. These videos contain information shared for certain objectives. These videos are watched by all individual on YouTube and they give their feedback on the comment section. Blogs: These are internet pages owned by individual or group that write on different topic. These blogs express the opinion and occurrences on the country. These information influence political decisions made because political leader want to make decisions that directly relate to citizen in order to gain popularity. Online mass media: These include online TVs stations, electronic journals and online news papers. This technology informs citizens on the current events and allows them to make their opinion. News is quickly spread to citizens through these mass media. Websites: These are pages that are owned by specific organizations or individual. Owners update information that is visible by anybody accessing the website. This influence decisions made as it providing information to political leaders. References McGregor, S. and Mourao, R. (2016). Talking Politics on Twitter: Gender, Elections, and Social Networks. Social Media + Society, 2(3). Ortuoste, M. (2015). Social Media, Public Discourse, and Governance. Asian Politics Policy, 7(3), pp.497-502. Sharma, A. and Loh, P. (2009). Emerging trends in sourcing of business services. Business Process Management Journal, 15(2), pp.149-165.

Financial Management of Risk

There are numerous challenges entrepreneurs face seeking to succeed in business, in fact, these challenges are determined by the environment in which a business operates.Advertising We will write a custom report sample on Financial Management of Risk specifically for you for only $16.05 $11/page Learn More Therefore, a business may be affected by either internal or external factors, whereby internal factors include factors emanating from the business structure, while external factors include those that are outside the business, and may emanate from other business organizations, or even political organization. For this reason, the choice of the environment is always critical when starting a business. Thus, the paper seeks to elaborate on the risk involved in moving business to Thailand or Louisiana, and review financial reports of Coca-Cola Company to highlight the management of risk involved in moving the business. Political instability in Thailand has b ecome a serious threat to business, thus entrepreneurs starting a business in this country face the risk of insecurity and violence (UK Trade and investment, 2012). Since the election in 2011, there have been incidences of unrest and bombings. On the other hand, the political structure in Louisiana is more stable compared to Thailand, hence providing a favorable business environment. Moreover, a significant factor affecting businesses in Thailand is bribery and corruption. Therefore, transferring a business to Thailand would mean that one has to take a significant risk hence discouraging foreign investors. In Louisiana, the levels of corruption are minimal, which is why it is more accommodating for investors than for Thailand (Coca cola Hellenic, 2012). In Louisiana, tax rates are higher as compared to those in Thailand; hence, transferring a business to this state would result to low returns and slow business growth. Consequently, this poses a limiting factor on investors, especial ly the small business entrepreneurs (Louisiana EDSP, 2012).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In business organizations, it is critical to establish factors limiting business success in order to have an organized approach to each of them, and aim at optimizing the revenue. These factors may be found within the business itself (internal factors), or outside the organization (external factors). However, there is a need to identify and deal with these factors because they are the key determinants of the business success. In this case, management is expected to compare company data obtained from various accounting periods, in order to identify the trend of business performance. In addition, managers also need to observe various changes in the market conditions during the financial periods to assist them in decision-making. A critical financial analysis of the Coca cola Company in dicates that there is a drastic fall in the revenue margins due to internal and external challenges the company is currently facing. An example of these internal factors is high manufacturing costs, which are contributing to high total costs resulting to low profits, and a substantial threat to the company (Verity, 2003). One of the external factors causing a drawback in the company progress is competition from other companies. There has been production of similar brands in the market such as PEPSI resulting to competition, which reduces the sales volume leading to low income. Moreover, a crucial factor is the political structures in the countries where products are sold. Since in some countries tax rates are high, there is an increase of price, which as a result, reduces demand leading to low sales, thus overall affecting the business negatively.Advertising We will write a custom report sample on Financial Management of Risk specifically for you for only $16.05 $11/p age Learn More References Coca cola Hellenic. (2012). Financial Report: Coca cola Hellenic bottling Company, South America. Web. Louisiana EDSP. (2012). Louisiana Economic Development Strategic Plan 2012†2016. Web. UK Trade and investment. (2012). Overseas Business Risk-Thailand. Web. Verity, M. (2003). Mecca Cola challenges US rival. Web. This report on Financial Management of Risk was written and submitted by user Eva Ross to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Reasons Why College Students Needed to Read Sample Essays in Chicago

Reasons Why College Students Needed to Read Sample Essays in ChicagoThere are many different reasons why a college student may need to prepare a sample essay in Chicago. The variety of people and students living in the city is staggering. It's no wonder that some would prefer to select a sample essay in Chicago for the school paper.Probably one of the biggest reasons why college students may need to read sample essays in Chicago is because the writing samples have been created by real life people. By reading real life experiences, a student will gain a greater understanding of what it's like to be the author of a particular essay. A student will also learn about common mistakes that are commonly made in any given piece of written work. This knowledge can be very valuable when they enter the world of writing.Also, since most college students have many people living in Chicago who would be comfortable reading a sample essay in Chicago, the opportunity to read a sample essay in Chicago is a great way to get started on the project. Students will learn about the differences between Chicago and the rest of the country. They will also learn about the differences between the Midwest and the rest of the country.A sample essay in Chicago is also a great way to prepare the students for a big class project. When they are preparing for a project that involves a particular topic, it is always best to look at as many sample essays as possible. As the student progresses, they will learn the proper and most efficient way to utilize their writing skills. Additionally, they will learn about how the topics of their essay should be structured and how they should effectively relate the topics of their essay to other sections within the course.An additional reason why students may need to prepare a sample essay in Chicago is because it will help them learn to properly and efficiently structure a syllabus. By reading a sample essay in Chicago, a student will gain an increased understa nding of what information should be provided on each page of a syllabus. When these lessons are learned, it is easier for a student to ensure that the syllabus is well-organized and contains the required information.A student may also be able to gain an overall project. When a student reads a sample essay in Chicago, they will be able to see what the general feel and theme of the writing will be. They will also learn what the general structure of the essay will be.Finally, a student may choose to read a sample essay that focuses on specific themes or topics that they may be interested in. They will then be able to fully understand the project that they are participating in. Furthermore, the student will know exactly what type of expectations they should set for themselves as the project progresses.College students all over the country are finding out the benefits of reading sample essays in Chicago. They are also finding out the best way to use this knowledge to their advantage.

Organizational change, diagnosis and redesign

Organizational change, diagnosis and redesign Report abstract summary This report seeks to address the issue at hand of aligning Blue sky Media PLC for change and strategic renewal. It also aims at rebuilding the company and improving the position the company has previously held. There is also the aspect of restoration of employees trust in their leaders.Advertising We will write a custom report sample on Organizational change, diagnosis and redesign specifically for you for only $16.05 $11/page Learn More The leaders have to adopt the innovative programmes of work publicized by behavioral scientists for other levels in organizations. When they work with other leaders, they have to rely increasingly on matrix organizations, temporary tasks groups, and project teams. The work most typically reflects what is described as an exploitative-authoritative organization. In contrast, other departments in companies are practising with the more open and practical participative group approaches described by Likert. Though it is not clear that these innovative designs may lead to increased productivity, growing evidence suggests such results for knowledge based workers in complex information environments. Introduction Blue-sky media PLC is an organization which is changing fast. This organizational change is stimulated by a major external force, for example, substantial cuts in funding, decreased market opportunity and dramatic increases in services. It has therefore undertaken technical, structural or strategic shifts in the organization to evolve to a different level in its life cycle, for example, changing from a highly reactive organization to a more stable proactive environment. Since this organization has been going through major changes in the aspects of employee’s relations to their leaders, the new CEO has to institute radical changes. There must be a paradigm shift in the manner of operations and also the method of handling issues, especially those related to new strategies f or change. Background Blue sky media PLC is faced with several factors which necessitate change. These are societal, environmental and internal factors. External factors for change are globalization, differences in workers, technological change, and managing work ethics. These are challenges that cause change in organizations. Internal forces for change originating inside the organization are recognizable in the form of signals indicating that something needs to be changed. For instance, reduction in effectiveness is a pressure to change. A company that incurs its last three months of the year loss in a span of a fiscal year is for sure forced to do something about it (Lopucki Whitford, 1990; Weiss, 1990).Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Strategic renewal is helpful in guiding the company to downsize, outsource, reengineer, and in corporate venturing, restructuri ng and rejuvenation. The major aim of strategic renewal is to see the company reposition itself in the market. This helps avoid threats like corporate takeover by other bigger companies. Human resource management will be vital to either institute measures to retain staff or retrench them through massive lay-offs. The company could also invent other measures aimed at staff appraisal depending on performance and put requisite steps accordingly. Leadership is essential in a successful corporate world. Visionary leaders help drive their companies to scaling professional and corporate heights. Leaders can either be democratic or autocratic. The company CEO who is democratic encourages workers contribution to the management and running of the company whereas the autocratic leader is strict and runs a one man show. Project objectives The first objective of the reorganization is to achieve a framework for financially stable business operations through a capital increase in the company. This will help widen the scope of operation. In addition, the reorganization brings the subsidiaries together directly under the umbrella of holding company making it possible to more efficiently manage the entire business, increase profitability, and strengthen the relationship between the company and its subsidiaries, while at the same time boosting the group’s sales. The second objective is maximization of the total value of the companys assets. There are two elements to this objective. First, it is desirable that as little value as possible will be dissipated during the reorganization process; to this end, it is desirable to minimize the time that the process will take and the direct and indirect costs incurred during this process. It is a good thing that, when the reorganization process ends, the companys assets will be allocated to their highest-valued use. This implies, among other things, that the assets will continue to function as a going concern if and only if the succ ess value exceeds the liquidation value and that, if the assets continue to function as a going concern, they will be employed under the maximum possible capital structure and the optimal governance structure. The third objective is highest division of total value: From an efficiency perspective, what matters is not only that the total bankruptcy value will be as large as possible but also how this value will be divided among the participants.Advertising We will write a custom report sample on Organizational change, diagnosis and redesign specifically for you for only $16.05 $11/page Learn More The reason for this is that this afterwards division has important later consequences. In particular, to induce participants to provide finance to the company ex ante, it is expected that, in the event of ex post insolvency, the value will be divided according to the distribution or ranking of priorities that were agreed upon as a contract. Benefits and key outcomes A well-defined business process benefits a company in three dimensions. These are productivity, process, and people. Since the performance of a particular enterprise is a combination of the results of its processes. Well defined business processes contribute to a well-managed company. Productivity, process, and people are interdependent and synergistic. When people acquaint themselves well about the process and become experts in the process, productivity will increase, further increasing the morale of the workers (Gertner Scharfstein, 1991). Employees can be motivated through increased morale, which is very important as it increases their productivity. A percentage of between 10 and 70 is estimated to be the inefficiency effect. Improvement of productivity can be tremendously drawn from such inefficiency. Identification of the process activity to ensure error free work can be done since there is a clear definition of the business process. The people perform daily tasks which are pe rsistently changing. The prospects are finely-identified and invariable. However, in the event that errors take place their cause can potentially be identified by the organization. The moment the root cause of the errors is pointed out, they can be fixed by making adjustments on the process, which also puts off their recurrence. It is also very critical that the workers are motivated as it can help steer the process forward. The customers should be fully satisfied through a well-identified process. As a result, the customers become loyal to the business and feel satisfied, which brings about motivation (Lopucki Whitford, 1990). Assumptions/constraints While dealing with individuals you will find that most individuals want to develop their potential. In addition, they have interests for personal growth and development in case they are provided with supportive and challenging atmosphere. They like to make a higher level of contribution in achieving institutional goals than is normal ly acceptable.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The manager asks, listens, supports, challenges, encourages risk-taking, allows failure, removes hindrances, gives freedom and responsibility, sets high standards and rewards success. This will in turn help to boost the morale of employees and aid in furthering successful organizational change. While dealing with groups, the manager needs to understand that one of the most reference groups for individuals is the working group; this includes peers and the boss. Majority wish to be accepted, and socialize with one or more small reference groups. They make bigger contributions to the groups’ efficiency and growth. The manager should let teams flourish; leaders should invest in groups/teams; adopt a team-leadership style rather than a one-on-one style. They ought to actively engage group members to help the leader in decision-making and problem-solving, by training them up suitably. Therefore this will help group members to deal with both positive and negative feelings hence solv e problems through mutual interactions. In designing and running an organization, traditional bureaucratic organization structures must give way to newer organizational designs. The needs and aspirations of employees ought to be addressed. Placing people first can lead to organizations that are more human, development oriented and encouraging. They are also high performing in terms of output, profitability and output quality. The result is that people are an organization’s most essential resource; they are the source of productivity and profits and should be treated with care. The current bargaining-based process appears to fall substantially short of the goal of maximizing total reorganization value. This happens both because value is often dissipated during the process and because the ultimate outcome of the process might not be value-maximizing. The redesign process under the existing rules takes substantial time (White, 1984; Weiss, 1990). In one re-organization of a majo r corporation, the administrative expenses of the company and of the creditors committee came to $3.5 million per month (Cutler Summers, 1988). Essentially, the company under reorganization might incur substantial indirect costs from functioning inefficiently during the reorganization process. Because the incentives of management during the process are generally not well aligned with the maximization of reorganization value, the management decisions during the process are likely to be distorted. In addition, because of the insolvency cloud hovering over the company, potential business partners may be reluctant to deal with the company or may demand especially favorable terms. Potential inefficiencies in the structure emerging out of the process: There are reasons to suspect that inefficiency costs might continue to be incurred even after the reorganization process ends, because the structure emerging out of the process might not be optimal. White (1994) suggests that the existing p rocess is biased in favor of continuation that is, the company is likely to continue as a going concern even if the most efficient route would be liquidation. Lastly, constraints under which the project must operate are based on the amount of resources available for implementation of aspects of the recommended strategies. However this can be addressed by ensuring that there are enough funds and requisite resources long before the organizational change, diagnosis and redesign is embarked on. Quality control Risk identified Response to risk By whom Time factor being a constraint Apportion enough time for each task to be completed The project coordinator Shortageof finances Seek alternative sources of finance The finance officer External interference Legal redress The legal consultant Other This proposal will be effective only if the expected conditions prevail and the outcomes are only achievable as per the procedure set (Lawrence Lorsch, 1967). Milestones Task Milest ones By whom Employee appraisal A motivated workforce Human resource manager Increased emoluments Better performance The accounts manager Revised strategies Improved output Strategy manager External auditing Higher accountability Company auditor Business expansion Corporate takeovers The CEO Rebranding New markets Marketing manager References Cutler, D. M., Summers, L.H. (1988). The costs of conflict resolution and financial distress: evidence from the Texaco-Pennzoil litigation. Rand Journal of  Economics, 19, 157-172. Gertner, R., Scharfstein, D. (1991). A theory of workouts and the effects of reorganization law. Journal of Finance, 46, 1189-1222. Lawrence, P.R., Lorsch, P. (1967). Organizational and Environment. Boston: Harvard Business School, Division of Research. Lopucki, L., Whitford, W. (1990). Bargaining over equitys share in the bankruptcy reorganization of large publicly held companies. University of Pennsylvania Law Review, 139, 125-196. Weiss, L. A. (1990). Bankruptcy resolution: direct costs and violation of priority of claims. Journal of Financial Economics, 27, 285-314. White, M. J. (1994). Corporate bankruptcy as a filtering device: Chapter 11 reorganizations and out-of-court debt restructurings. Journal of Law, Economics, Organization, 10, 268-295.