(Watkins 2013) A number of studies have stressed the importance of organizational culture, since its affects employee’s productivity, commitment, engagement, and shapes behavior. (Sørensen 2002; Peters & Waternman 1982) This leads to an understanding that organizational culture is indeed an
3M’s scientists were technically savvy and performance-oriented, and McNerney’s plans for process improvements sat well with them. They became more receptive towards the practices McNerney brought over from General Electric, allowing focus to shift quickly and strongly towards execution. In moulding a familiar culture to incorporate good practices of another rather than destroying that and starting from scratch, McNerney was able to make profits and stock price climb 35% in three years. (Groysberg, McLean & Nohria, 2006) These successes are consistent with the finding that human nature holds “a strong preference for stability and continuity” (Brooks & Bate, 1994). By allowing some of the original practices to continue, employees would be able to
During the beginning days, they where both the staple retailing stores of the 20th-century shopping. Both, are struggling with e-commerce because of the sudden expansion of the market. JC Penney had a various debt problems because of the past CEO Ron Johnson. After taking on billions of dollars in debt, the company is expecting to turn its first annual profit since 2011. Overall, the success of the Company is gradually getting better.
JCPenny has employed a number of corporate level strategies aimed at providing the direction that the firm should take in the future. One of the strategies employed at corporate level is the cost leadership strategy. In this case, the company usually offered high quality products as well as services at lower prices with an objective of controlling the market(Freeman, 2010). The strategy is aimed at increasing the number of sales, by encouraging customers of the firm to visit it premises and make purchases of high quality products at lower prices. On the other hand, the firm uses the marketing approach of targeting the mass
• To determine the important qualities to be possessed by a leader to influence employee behaviour. • To assess the leadership styles which are more conducive to retaining employees. Review of Literature Long and Thean (2011) had created a conceptual framework which linked leadership style, job satisfaction and turnover intentions. In 2012, Long, Thean, Ismail and Jusoh, tried to study the impact of leadership styles over turnover intentions of employees. They studied the relationship with two leadership styles: transformational and transactional.
That is, organizational culture could play an important role in enhancing commitments and improving performance of employees. When employees are not happy at work, they are less committed and tend to look for other opportunities outside. If the opportunities are unavailable or far reaching, they will lose themselves away from the organization emotionally. This will affect one’s organizational commitment (Terrence Deal et al, 2000, as cited in Siti Zaleha et al,
CHAPTER 5 DISCUSSION In today’s competitive world each and every organization wants to be the best. In order to stand out among the league the organizations have started working upon areas like culture of the organization, providing support to their employees in work and helping them to grow by giving cross training, coaching and education, providing employees to work from home, giving incentives and recognition etc. (Fowler, 2009) The research is done to study the impact of organizational culture on employee commitment. Organizational culture is a pattern of shared basic assumptions which a group learn while solving the problems which they face during an external adaptation and internal integration and the members are taught to correctly
Employees with a higher level of job satisfaction are less likely to be absent or to leave. From the above study, it can be deduced that organization culture has a great influence on employee’s commitment. This is due to the fact that that employees have a strong preference with working environment which are innovative, creative, and not dependent on macro-management and adherence with fellow colleagues. Management need to maintain conducting the “one-to-one” with their staff they manage directly to mutually set achievable work goals as well as
After reading the case, “Ask Me Anything”, there are many ideas that come to mind when establishing myself as the CEO of a five-year-old technology company. Addressing the companywide concern of a senior employee termination needs to be dealt with in a systematic approach. It is imperative to disclose my decision in a principled manner; however it is also important to eventually redirect staffs attention back to work and the success of the company. Relieving stress and anxiety will enable staff to focus on their daily tasks instead of dwelling on the termination. Furthermore I need to consider, a few powerful articles, “5 Reasons You Need To Instill Values In Your Organization” by Jessica Amortegui, “A Tale of Two Cultures: Why Culture Trumps
In this essay I wish to analyse the greatly loved Irish retailer Penneys, and its attractive expansion to the US soils. I will also discuss its likelihood of succeeding in the highly competitive market and how it could effect the already existing American retailers. First of all, Penneys social and cultural characteristics are perfectly fitted for the US retail industry. Efficiency and low prices are the key aims and assumptions of Penneys, as those factors guarantee high demand for their products, resulting in satisfying profits for the management. The main reasons for its success in Ireland are its attractive prices that are affordable for masses, this would also be applicable for the US targeted audience as in the 2011 BCG, Consumer Sentiment Barometer declares that the American consumer spending trend has significantly decreased and that consumers begin ‘treasure hunting’(Boston Consulting Group (2011)) and shopping around for the best deals especially during the times of economic uncertainty.