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Communication Effective leadership requires knowing how to communicate with all elements of the organization, including employees and other managers. Each group may require a different communication style and leadership style. Leaders must be able to adapt based on the group they are communicating with at the time. Effective communication skills are an important aspect of any leader's portfolio of skills and experience. 3. Delegating - At the heart of letting go is the ability to delegate and...
Classical approach techniques were founded in the early 1900s and is the foundation of many modern management theories. The classical approach concentrates solely on the economical and physical stance of an organisation. A classical management technique aims to investigate the operations within an organisation in order to improve efficiency. Henri Fayol is one of many classical management theorists who has created a 14 principle model, some of which included are, that workers are only motivated...
Although, a business's first goal is to be profitable, there are important aspects that help to ensure that a business can reach this goal. Motivation can be seen as an important part to the success of every business. Motivation is defined as the activation or energy of goal oriented behavior. Motivation is said to be intrinsic or extrinsic. The following company is one that uses motivation to enhance their business and has helped them to become one of the most successful companies today....
Corporate Social Responsibility (CSR) and Corporate Ethics have become buzzwords in the world of business today. Rapidly increasing globalization and corporate size has also raised concerns about t he consequences of corporate policies and actions. Moreover there is a growing hands-off policy or in other words, the policy of deregulation, by governments in many parts of the world. Apart from the above mentioned responsibilities towards the society and the environment, they have to show their...
Nowadays, to ensure a sustainable, competitive and successful company, managers and board of executives has to cope and operate within a rigorous "macro-environment" that is shaped by influences of different factors. These factors can emerge from many sources: The overall economy, population, governmental legislations and regulations, societal values, new technologies. All of these represent relevant factors that can have a gigantic impact on all the decisions the company makes...
The objective of the study was to investigate employee turnover problem in Pharmaceutical industries in Kenya with a case study of Ranbaxy Laboratories limited. The study specifically investigated on staff retention measures utilized by the management, whether exit interviews are conducted, and the competitiveness of reward program and whether the conduciveness of the work place environment as factors that may contribute to workforce turnover in this sector. The study adopted a descriptive...
This paper seeks to address the concept of CSR within the Kenyan context and in particular the factors that affect its effective practice and the benefits to the local stakeholder community. The growth and implementation of CSR-related activities throughout the years in developing countries and in particular Kenya will also be dealt with. The research questions posed will be tackled using the mixed methods cross-sectional design as focus will be on all the sectors of the economy so as to have a...
This type of information systems is largely external in terms. These information systems are basically dealt with the top authoritative people in the organisation of British Airways to decide on mergers and acquisitions, new purchases of Boeing, capital investments and financial structuring. Large area of information required for this type of information systems is from the Market and economic forecast, political and social trends, legislative, environmental and technological constrains and...
Team management needs to start with a shared common goal. If every member of the team does not have a clear objective that they are suppose to accomplish, the effort of the team will become disoriented and conflict can arise. This idea of goal setting should start with the CEO, and he should allow his management team to have a clear cut objective of what he specifically wants the team to accomplish. If there are conflicting messages or if the CEO has expectations that he does not make known,...
INTRODUCTION There has been a clear shift from the manufacturing to knowledge based industries in the last few decades across the world. Employee turnover has been one of the most broadly studied areas of interest due to its significance to labour in the knowledge based industries. Employee turnover is being treated as a critical issue in Human Resource perspective, as it can hurt the overall productivity and subsequently organisational success. A key problem for service based organisations...