There are different types of leadership that can be applied in different companies environments. Each different type of leadership theories is focused on concepts that help to develop the teamwork abilities and achieve various objectives. One of these theories is called servant leadership, created in 1977 to represent the leader not only as an image of the person that delegates the tasks, also as a role player that share the interest of the common objectives (Taylor, Pearse & Louw, 2013). The most important part of the servant leadership concept is the empowerment in service that implicates to delegate to different tasks the team players. The mix of the leadership with the service makes an emphatic application of them with all the people that
In 1990’s, there was an economic expansion in Malaysia. The overall inflation rate of Malaysia is maintained at above 3% except in year 1997 and 1999 which the inflation rates drop to 2.66% and 2.74%. During this period, there is a robust growth in income and growth. The prices of property, large inflow of capital, led to increase in wealth and hence increase the economy activities of Malaysia during that period. Inflation was peak in year 1998 which is 5.27%, reflecting the rise in cost because of higher import prices.
2.0 Porter’s five forces of Levi’s Strauss Threat of new entrants – low • Entry into a market where the production volume is so high already is not really a threat because the cost of production goes down. • Levi’s can produce more at a lower price and possibly sell for more. Bargaining power of supplier – low • Competition within manufacturer is high since it is mass – produced. • Manufacturer is located in many third world countries: Central America, China, Cambodia therefore Levi’s can switch to other manufacturer easily. Threats of substitute product - high • Buyers are likely to shift to other products considering the weather conditions.
1. Introduction: VanBaren (no date) believe that the purpose of strategic management is given distinct direction to satisfy the customers’ needs to employees by planning the steps to the goals. Strategic management are often use by companies to evaluate and analysis of their strengths, weaknesses, opportunities and threats to set put the goals and try to achieve them. This analysis assist companies to understand current conditions in their field industry and environment, the purpose is to turn weaknesses into strengths and threats into opportunities. Once it success, the companies can possess higher competitive advantages to resist with their competitors.
Taylor’s Scientific Management theory, though not very useful nowadays, has introduced the notion of systematic selection and training of employees, a notable contribution in the field of Organizational theory. Furthermore, this theory is the underlining reason as to why we can enjoy teamwork efficiency and proper organizational design (Mindtool, n.d.). As for Fayol’s administrative theory, hierarchical structures are still relevant in a manufacturing organization thought it is less enforced in other types of organizations. His points on specialization of employees, managerial authority, discipline, unity of command, and working for a specific objective is still valid and highly applicable in the current system. The element of reducing employment turnover, cleanliness and fairness, plus emphasizing on the good morale of employees are still in force in today’s world.
14. SWOT Analysis SWOT ANALYSIS: It is an important tools to analysis the overall situation in which an organization is conducting its affair. Each issue remains relevant and useful for corporate strategy formation. STRENGTHS: Adequate financial resources: SLIC has adequate financial resource this is strength of SLIC. Because it can invest indifferent projects and can earn more, financially they have no problem.
This relation adds a new dimension to the business and is said to be the point of view of the individuals or the employees that work in a given organization. The term used to describe this relation is organization culture. In the words of Schwartz and Davis (1981, p. 32), “Culture is a pattern of beliefs and expectations shared by the organizational members. These beliefs and expectations produce norms that powerfully shape the behavior of individuals and groups within the organization”. Organization Culture as described above, is equally important to the performance of the business as the organization structure is.
So the business would buy the cheapest materials while still trying to make it quality to satisfy consumers’ needs. Customer service The business wants to help customers to keep them from coming back to buy from the business. They also want to keep the customers happy so they get a good public image. Employees A business wants to maintain a positive employee environment so that employees stay loyal to the business, they try and keep employees satisfied Globalization All businesses want to achieve globalization, they business wants to grow but not just in their own country but all over the
There is a decline in the proportionate expenditure on cereals, pulses, edible oil, sugar, salt and spices whereas the household expenditure have jumped high in urban India. But there is an increase in the usage of milk and milk products, meat, egg and fish, fruits and beverages. The decline is in proportionate expenditure on staples (cereals, grams, pulses) from 45 per cent to 44 per cent in rural India. An average expenditure on food in urban India is 32 per cent of the total. The food industry is growing as Indians continue to have a feast as every member of the family is earning.