These might be used for a better way of working and also to meet our customers' requirements effectively and efficiently. This will motivate our sales representative to attain the targets. The delegating leadership style within the Information Technology department has an important role within the organisation. The team members of this department will have a good knowledge that they get from their experience and also will have the ability to create new ideas. They feel that their contribution are adding value to the organisation as well as efficiency, thus achieving the organisation performance.
Investors agree on the expected rate of return and probability of these returns. Investors attempt to construct efficiency frontier portfolios. Market are I equilibrium and price are efficient. Investors plan for one identical holding period. Investors do not pay tax or transaction costs to trade.
The empowerment practice provides Hatch with fast solutions to business problem as well as provides growth opportunities for employees. Moreover, it also helps the company lowering organizational cost. For instance, Hatch’s employees are trained in planning and problem solving and provided with production and managerial guidelines. These allow employees to make the day-to-day decisions that affect their job duties. It can be an effective way to improve morale, and to evolve job duties into more efficient tasks.
An effective management of production processes requires greater collaboration and teamwork among employees in different functional groups. Besides that, to manage the existing performance of the employees and motivate them for a better performance, efficient communication practises have become more important part in all organisations. If the employees feel that the management is communicating in an efficient manner, it motivates them to perform better and develops a team spirit which is very essential for the smooth functioning of the organisation. A motivated employee is a valuable asset which delivers immense value to the organisation in maintain and strengthening its business and
It enable the company to respond and adjust its forecast and targets through the MIS based on an approval from one level up the organizational structure. Ability to change whenever necessary to meet the changing business environment does not put constraints on managers to manipulate data as a means of meeting short term profits when such changes are beyond their control. Efficient resource allocation: A2A enabled a dynamic resource allocation to entity managers when the resources were needed rather than far in advance as in their periodic budgeting process. It gave freedom to managers in committing resources within their approval limit if they think it would with help the company to achieve it entire strategic objectives. Dynamic performance evaluation approach: The goals of various entities were broken down to individual goals for both delivery and behaviour.
Teamwork offers a better way of improving quality, delivery and productivity. Through teamwork, we create the partnership, trust and collaborative culture that result in improved performance. Superior teamwork at every level is based on mutual trust, valid relations and cooperation in working together to meet common business objectives. In internal team, we strive for a harmonious team spirit, openness and continuous improvements. We share the fun of working and winning together.
Abstract Firm’s progress towards its profitability lies where delivery of goods and services take place in there minimum through put time. One of the important approaches to achieve this goal is theory of constraints. Theory of constraint (TOC) advocates that existence of constraints in any systems gives opportunities for the management for improvement .Contrary to conventional thinking, theory of constraint view suggest constraint as a factor determining the performances that are positive to the system. Theory of constraint (TOC) seems to be feasible as it does not demand costly systems change. It depends on scheduling leased on constraint exit in the system.
Regular CSR reports which are relevant, honest, and correctly targeted will improve credibility with the internal and external stakeholders, and in turn helps the company to gain competitive advantage over the competitors. These reports also increase employee morale and motivation, as they gain confidence in the company and their roles which they play within the company. CSR is no longer done just for philanthropic reasons but now it is integrated with company’s main goal. The companies are undergoing through a change from simply informing the public about the activities to a more detailed and comprehensive way of engaging the stakeholders. Benefit of CSR reporting: a.
Moreover, it improves employee job performance, encourages employees to express their views or to seek clarification on job duties, broadens their outlook, capacity and potential, promotes a more effective utilisation of manpower and improves placement, facilitates selection, reward and promotion of the best qualified employee, prevents grievances and increases the analytical abilities of
The bases of differentiation, however, cannot be overlooked, if a product suffers a negative perception in terms of quality comparable to those of competitors, a cost leader may be forced to discount prices well below competing products to gain sales, nullifying the benefits of its favorable cost position (Peattie and Peattie, 1994). Proximity, as it applies to differentiation means that the price discount required to obtain an acceptable market share does not offset a cost leader’s cost advantage, and therefore the cost leader will earn above-average returns. According to Porter (1998), the strategic logic of the cost leadership usually requires that a firm be the cost leader, and not one of several firms jostling for that position. The strategy is largely dependent on preemption, unless major technological change allows a firm to radically change its cost position. The theme that runs through the entire strategy is low cost compared to competitors, although it cannot be achieved to the detriment of quality and high service standards.