ipl-logo

Pros And Cons Of Small And Medium Enterprises

940 Words4 Pages

Small and Medium Enterprises (SMEs) and Employee Commitment Organizational commitment is also found to be higher in organizations with high employee satisfaction than in organizations with low employee satisfaction of similar size, supporting the intuitive logic of the ‘happy-productive worker hypothesis’, which posits a link between happiness and performance (Fisher, 2010). SMEs involve either one individual or a team responsible for the organizations whole activities. The advantages are that issues of coordination should be less of a problem in SMEs because regular face-to-face interactions provide many opportunities for communication between members of the management team. The disadvantages are that because such firms lack managerial resources and functional specialists many activities are poorly managed (Buratti and Penco, 2001).

In a study made in Malaysia involving private organizations or SMEs by Chelliah et al., 2015, the findings showed that job satisfaction, job involvement, and perceived organizational support influencing organizational commitment of employees by affective, continuance and normative type commitment are significantly positive and accepted. Normative and affective types of commitments have high influence in getting the employee’s job involvement, job satisfaction and perceived organizational support.

Small and medium sized business owners may find it particularly challenging to motivate their employees given the limited amount of

Show More
Related

  • The Pros And Cons Of Supply-Side Economics

    313 Words  | 2 Pages

    3. In 1981, Regan convinced Congress to reduce the top tax rate from 70 percent to 50 percent and to index tax brackets to take inflation into account, five years later, the Tax Reform Act reduced the rate on the wealthiest Americans by a mere 28 percent (Foner 1051). Reagan also appointed conservative heads of regulatory agencies, who cut back on environmental protection and workplace safety rules about which business had complained for years (Foner 1051). Reagan’s economic program, was collectively known as “supply side economics” by proponents and “trickle-down economics” by critics, relied on high interest rates to curb inflation and lower tax rates, especially for businesses and high income Americans, to stimulate private investment.

    Read More

  • The Pros And Cons Of Increasing Minimum Wage

    1379 Words  | 6 Pages

    If the minimum wage increases, it doesn’t necessarily mean that the economy will get better or our standards of living will be better. If wages go up, then the standard of living will also increase. There are statistics that have proven why the raise of the minimum wage will actually cause more issues. As the minimum wage increases, the unemployment rate will increase. As well, there is a huge potential of causing small business to collapse due to higher wages and being unable to afford it.

    Read More

  • The Pros And Cons Of Increasing Minimum Wage

    1653 Words  | 7 Pages

    This research will converse numerous opinions on minimum wages. It will also offer answers to questions like where did minimum wages get its start? Impact on increasing minimum wages, how it affects the companies, how do wage increase why were minimum wages created? Confer the benefits of providing minimum wages with benefits the workers, presenting the pros and cons. How are minimum wages benefiting the economy, do it help increase the economy?

    Read More

  • Pros And Cons Of Capitalism And Socialism

    1528 Words  | 7 Pages

    What is capitalism? Before we begin discussing our topic for today, we need to have a clear understanding of what the term “capitalism” stands for. Capitalism is an economic system of a country where private individuals or group of individuals are allowed to setup and run their own businesses where they control and decide the operations of the business and different companies compete for their own economic gains and free market forces determine the prices of goods and services. Such systems aim to separate the state activities from business operations.

    Read More

  • Pros And Cons Of Mcdonald's

    1514 Words  | 7 Pages

    Today we live in a glоbal econоmy in which the time taken for peоple to mоve between continents has been significantly rеduced and in which Internet and other connections make instant connections possible. So to be succеssful these days, even small businesses must plan their marketing strategies to attract cоnsumer interest outside of their local markets. Although there are risks involved, there also are plenty of аdvantages to expanding a business worldwide. If you don’t offer a product on the world market, a competitor probably will. Some types of businesses are more аppropriate than others for global market expаnsion.

    Read More

  • Big Government Pros And Cons

    418 Words  | 2 Pages

    Big-government proponents embrace both the power of the federal government and the idea that millions of Americans ought to be dependent on its largesse. It's time to return to our Founders' love for small government. More is not always better. –Gary Bauer. Historically, the size of government has always been one of the most divisive topics between Democrats and Republicans. Whether it is a small government, or a big government.

    Read More

  • Pros And Cons Of Vertical Integrations

    219 Words  | 1 Pages

    We are in a time where competition continues to get tougher and the population continues to increase. In other words, this is the time for companies to step up their game and absorb has many customers as possible. The business industry is currently like a battlefield as firms are fighting for the attention of buyers. There are several ways businesses can go about this success, although the common strategic blueprint that many firms are undergoing, more than ever, are integrations.

    Read More

  • Gig Economy Advantages And Disadvantages

    719 Words  | 3 Pages

    The GIG economy is defined as the labour market characterised by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs1. According to a recent report by McKinsey Global Institute2, it was reported that 20 to 30% of the working age population in America and EU-15 perform independent work, which constitutes up to 162 million people. Notably, close to half of this population of workers rely on such freelance work for their primary income. This changing nature of employment presents benefits for both workers and businesses. From a company lens, the ability to capitalize on such a workforce provides a lower set of business operating costs.

    Read More

  • Advantages And Disadvantages Of Self-Determination Theory

    758 Words  | 4 Pages

    Although motivating employees can be a challenge, a number of theories about motivation at work can be used as a basis for creating practices, procedures and processes to affect employee

    Read More

  • The Pros And Cons Of The Automobile Industry

    832 Words  | 4 Pages

    The United States has one of the largest automotive markets in the world, and is home to many global vehicle and auto parts manufactures. In 2016 year alone, vehicle production reached almost 17.5 million passenger vehicles. Automobile industry involves many industries in it. It includes original equipment, manufacture, and adverting industry as well as oil and natural gases industry. Main players of the Automobile industry are Toyota, General motors, Volkswagen, Honda, Ford and more.

    Read More

  • Mcdonald's Theory Of Motivation

    775 Words  | 4 Pages

    Motivation is essential for a group as well as an organization. In the eyes of the leader of organization McDonald’s, authorizing and inspiring staff members to do the best in their job and they’re capable of helps create job satisfaction, lowering gross revenue in an industry that has a standing for stimulating its employees. In addition, a glad, stable workforce not just conveys better customer service; it is likewise more compelling at building deals and attracting repeat business. There are five concentrate benefits of employee motivation which Mc Donald’s approached at: 1. Improved Productivity 2.

    Read More

  • Tesla Motivation And Motivation

    821 Words  | 4 Pages

    Organisations have long struggled to retain employees without pouring in too many resources into incentives, however there are many other factors that influence the motivation for an employee to work for an organisation. The following factors are very important to retaining employees: ➔ Vision and Mission: Each organisation has a vision set by its leaders, a ground basis on which it stands for. This vision is the key for driving innovation, research and development for the company. Vision is also the driving force and motivation for its employees, to push their limits and to outperform the competition.

    Read More

  • Advantages And Disadvantages Of Outsourcing In The Restaurants

    1035 Words  | 5 Pages

    Sit-down restaurants’ ability to have short turnaround times from ordering to services raises the question “How are they able to serve everything on the menu so quickly?” Persons may have guessed that it was due to a highly competent and efficient workforce but the reality is that restaurants are now outsourcing semi completed meals in order to save time in the preparation of their meals. These pre-prepared meals can either mean that restaurant chefs have to add a few ingredients before serving or simply heat and serve. Although there are mixed views on this practise by restaurants, it is becoming more commonplace and it the near future this trend can be the new normal. Advertisements for the outsourcing companies advertise the concept of “Hours

    Read More

  • Bella's Case Study In Organizational Behaviour

    1458 Words  | 6 Pages

    Moreover, both job satisfaction and employee engagement are playing a significant role through accomplishing the organizational goals and objectives effectively and efficiency. Job satisfaction is important in the organizational settings, because according to Robbins and judge in 2013, first of all, job satisfaction affects productivity because several studies have stated that, the more employees are satisfied and happy, they more likely to have more products. Secondly, job satisfaction influences absenteeism, there is a negative relationship among job satisfaction absenteeism because satisfied employees are less likely to miss work. In the third place, job satisfaction again plays an essential role through the decisions of staying or leaving of the workers within the organization which is called turnover .in the fourth stage, job satisfaction is the main consideration of an employee 's organizational citizenship behavior (OCB), also the employees who are more satisfied are more likely to involve in OCBs, and talk more positively about the firm.

    Read More

  • Sole Proprietorship Pros And Cons

    1021 Words  | 5 Pages

    Sole proprietorship Pros: Typically are easy to start-up, and the cost to start a sole proprietorship is $0. In addition, net business loans can be deducted from an individual’s personal taxes. The person who is a sole proprietor gets too control all of the financial activities, and make all the business decisions. To add to that, they are also the management and they’re able to respond to any changes or differences.

    Read More

More about Pros And Cons Of Small And Medium Enterprises

Open Document