Expectancy theory proposes that people engage in particular behaviors based on the probability that the behavior will be followed by a certain outcome and the value of that outcome (Vroom, 1964).Transactional leadership stems from more traditional views of workers and organizations, and it involves the position power of the leader to use followers for task completion (Burns, 1978).Leadership, then, is not only the process and activity of the person who is in a leadership position, but also encompasses the environment this leader creates and how this leader responds to the surroundings, as well as the particular skills and activities of the people being led. Transformational leadership, however, searches for ways to help motivate followers by satisfying higher-order needs and more fully engaging them in the process of the work (Bass, 1985).Goal setting theory takes a somewhat different approach, suggesting that people are motivated to achieve goals, and their intentions drive their behavior (Locke, 1968).Additional motivation theories include expectancy theory, equity theory, goal setting, and
We develop a holistic framework, which centers on the interdependencies within leadership and organizational Culture. We aim at giving managers and researchers a “language” for some terms that can create reflection and dialogue on the subject. This paper will focus on how to achieve a functional strategy for a business strategic change. The recommendations in the conclusion will not be prescriptive, but will provide an opportunity for organizations to embody what is best suited to their culture. So, while change management depends on leadership, till today there has been little integration of these two in literature.
This ‘soft’ HRM approach aims to promote Job secure, Team work and linking high wages to organizational performance. Just like the Harvard model best practice promotes competence through extensive training, narrowing status differentials and two way communication between managers and subordinates. • Best fit /Contingency Model Unlike the previous 2 models, this model focuses on the reward system to unleash the full potential of each employee in the organization. As oppose to the best practice model, Best fit model asserts that what might work well in an organization may not work in another. The model has two key elements the External Fit where the business strategy will be linked to the HRM practices to create a competitive advantage.
However, Wincanton shows progressive and ambitious performance through the last decades and being able to reinforce their competitiveness by adding value to their services. Functioning in a competitive atmosphere and expose to public force, Wincanton is sensitive in the direction of any kind of shortfall in their supply chain, therefore, Wincanton use their power with both upstream and downstream associates to develop their sustainable performance and prevent the whole supply chain from being suspected of not
Their writings explain that in order to sustain the competitive advantage, it is crucial to develop resources that will strengthen the firm's ability to continue the superior performance. Any industry or market reflects high uncertainty and, in order to survive and stay ahead of competition, new resources become highly necessary. agrees, stating that the need to update resources is a major management task since all business environments reflect highly unpredictable market and environmental conditions. The existing winning edge needed to be developed since various market dynamics may make existing value-creating resources obsolete. The working capital target is an important part of an acquisition where millions of dollars are at stake, is poorly understand by many, and is typically left until later stages of the deal.
Stakeholder engagement is the process used by an organization to engage relevant stakeholders for a purpose to achieve accepted outcomes (AccountAbility, 2008). According to Johnson and Scholes (1999) adapted from the Mendalow matrix to assign a stakeholder relationship strategy adopt to manage stakeholder groups according to their level of influence /power and interest The below diagram shows Amral’s Travel stakeholders power and interest High Power Low interest The government High Power High Interest Owner Low Power Low Interest The employees Low Power High Interest The suppliers Interest of stakeholders Power Of Stake Holder Not only different stakeholders have different interest and power, but they also react differently to changes.
Introduction Goal setting is a powerful process for thinking about ideal future and for motivating to turn vision of the future into reality. The process of setting goals to choose where someone want to go in life. By knowing precisely what one want to achieve, by knowing where to concentrate all efforts. Also can quickly sport the distractions that can easily lead goal astray. My first goal is to be a manager in a multinational organization my action plan is to get a better knowledge in marketing, strategy, operations and general management in a multinational company, learning these areas will help make a good manager who understands completely all the workings of the company.
The SERVQUAL model is based on five variables of service: tangibles, reliability, responsiveness, assurance, and empathy. (Gronroos,2006) Competition is increasing everywhere, it is important for service companies to have a competitive edge. A lot of strategies can be used but it should be based on service quality, considering the needs, purchasing and different behaviours of consumers. Brand Preference The variation in brand image occurs due to the presence of differentiation among the perception of brand among wholesalers and retailers. Even though the whole attitude of the end consumers’ is positive towards the Hugo Boss brand but the consumers fondness to buy the Hugo Boss brand appearing to be comparatively low down as the trend is being seen that the consumers are liking the other brands.
It involves planning and controlling current assets and current liabilities in a manner that eliminates the risk of inability to meet short term obligations on the one hand and to also reduce the chances of excessive investment in said assets. (Eljelly, 2004). Lamberson (1995) argued that working capital management has become one of the most important issues in organizations, where many financial managers find it difficult to identify important factors which determines working capital as well as its optimum level. Consequently, companies can reduce their risk and improve business performance if they are able to manage and understand the role and determinants of working capital. Empirical and theoretical evidence, point to the fact that working capital management is crucial to the survival of any business concern.
1. Introduction The most important thing for most of business company is an understanding their successful performance among the other competitors in market place. For some parties, like shareholders, it is essential for company to make a profit and gain above-average returns. In this assignment, I will discuss furthermore about The Kingdom of Raigam’s Organizational analysis, how to double the profitability of the company and other successful organizations in similar business, Strengths, weaknesses opportunities and threats of the company, Organizational goals and objectives of the company and so on. 2.