Issues And Problems In Family Business As in most family businesses stakes are high, it is difficult to hand it over to non-business employees. While the first generation needs to accept this the second generation should learn to appreciate their parents generation and their wisdom and should also understand that there is no alternative for hard work. There is always lack of professionalism involved, conflicts and mismanagements in family owned businesses. There is a famous saying that is very true and accepted : “the first generation builds, the second generation makes it stronger and the third generation mostly destroys all the business”. The longevity in family business is an objective that is difficult to achieve in any business.
Another disadvantage of this structure is potential duplication of resources, functions and jobs. Product Organisational Structures: This structure outlines a business which is organised in separate divisions where it focuses on different products and services. Also this type of structure in a business functions as an independent unit. In this structure employees are allocated into independent divisions according to the products or services they produce or the geographical area they work and serve in and the type of customers they interact and deal
The employees can manage their time very well and work in more comfortable circumstance according to the predetermined benchmark namely the ethics work according to flexible hours. Basically, jobs with flexible work schedule are about giving employee the opportunity to make changes towards their working time. It includes the time they are working and the location of their workplace. In the other hand, jobs with flexible
Introduction In a business organisation, few departments being formed and marketing plays a significant role. The sales and profit of an organization largely depends on the activities of marketing. The successful history and marketing campaigns that Giordano is practising shows that marketing efforts does affect the sales and growth of the products. Effective strategies adopted in the company lead the company to achieve competitive advantage. Further, targeting strategies and buyer behaviours will be discussed along with proposition for new positioning ideas.
Employees would be more motivated with their job if they feel that each of the employees cooperates with each other. Working in this kind of environment is quite easier than working with an environment that lack communication. There are different functions of
According to Maynard (1934) the objective of the workplace layout should be to reduce the working area so that the employee would use shorter motions and expend less effort when carrying out operations and procedures. The workplace environment is consisting of the elements that could be change such as office temperature, equipment and the processes in the organization. Employee productivity is one of the vital aspects in an organization’s performance. Their productivity could affect the organization whether it turns in a good or a bad way and can change the organization’s fate in instance. Thus, the organization should increase their employee productivity by providing a good workplace environment for them.
These divisions have control over their day to day operations, they still are answerable to a central authority that provides the overall strategy for the organization and coordinates its implementation among the divisions. Each division will be responsible for its profit and loss as well. Large corporations, especially large multinational corporations, utilize divisional structure. Advantages Few of the advantages of divisional organizational structure are: It allows the team to focus upon a single product or service, with the leadership structure that supports major strategic objectives Having a separate division with its own reporting structure, allows company to focus on its core tasks improving profit of the organization. Having focus on the product or service, improves the morale of the employee thereby improving productivity.
Employees should meet that target set by organization and ensure quality of work. For that they need a work environment where they can freely work without problems. The objective of this study is to analyze the impact of work stress and working environment on job satisfaction Over the past few decades stress is emerging
The boss runs the company with his wife and his son or daughter can take charge of the company after their parents die. There is a serious debate on whether the family business is beneficial or not. This essay aims to illustrate the advantages and disadvantage of family business. First of all, family businesses have fewer layoffs, because their workers are seen as extended family members, however if one of the family members