ABSTRACT In today's rapidly changing business environment, organizations have to respond quickly to requirements for people. Hence, it is important to have a well-defined recruitment policy in place, which can be executed effectively to get the best fits for the vacant positions. Selecting the wrong candidate or rejecting the right candidate could turn out to be costly mistakes for the organization. Selection is one area where the interference of external factors is minimal. Hence the HR...
Mangers and employees in effective organizations have been practicing performance management activities naturally throughout their lives, performing every key component process well. The most fundamental components of performance management involves goal setting and routine planning and measuring progress toward those goals along with providing feedback. Typically when high standards are set, it is required to develop the skills and knowledge needed to reach them. Sometimes formal and informal...
Background: The current financial crisis has led to significant job losses, especially in a number of industries from banking to insurance, estate agency and recruitment. Also over the past decade most of the organisations have been participating in activities such as restructuring, downsizing and merging with higher frequency. In principal, job losses are a violation of the psychological contract that an employer is expected to maintain with employees. In particular, it is a violation of the...
"You can have brilliant ideas, but if you can't get them across, they won't get you anywhere" (Seldes) Lee Iacocca, former president of Chrysler Internal communication is a subset of effective business communication. In a business context, is the dialogic process between employees and employer, and employees and employee. Communication is vital in an organization because it not only connects members within a specific department but also connects them to members from other departments,...
The firm that I have selected in my assignment of strategic leadership and business transformation is a multinational company SUNGARD, which has revenue of approaching 6 Billion $(as of 3rd qtr 2009). It features in the fortune 500 list by Forbes at a respectable rank of 380. It had 21,500 employees as of 2009. SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in...
Fundashon pa Edukashon I Formashon di Fishi I Kapasitashon, was founded in 1980 thanks to the joint efforts of union organizations, employers organizations, school boards and the island government. Assuming the role of national carrier in 1994, which implied that the foundation gained the status of lawful and sole authority to organize / coordinate activities in the field of non- formal vocational education and training, FEFFIK actually committed its organization and employees to be at all...
Robert Katz identifies that anyone in the capacity of a manager should posses the following skillls inorder to perform the duties successfully. A manger should have Conceptual skills , that is be innovative and carry strategic thinking.In addition he should also possess Interpersonal skills and Technical skills to be able to communicate with his team and deal with undue pressure and complete task on time. As a general manager of a leading media organisation situated in the business hub of Sri...
Environmental analysis is the evaluation, monitoring and dissemination of information from the external and internal environment to the key people in the organization. It is used by the organization to ensure its long term profit by avoiding the hurdles, which might come in the way of effective strategic planning. It constitutes two parts one is internal environmental analysis and another is external environmental analysis. Internal environmental analysis: It is used to analyze internal factors...
Abstract: In today's global economy, corporate social responsibility (CSR) is a core component of corporate strategy. As a result CSR emerge as a safeguard to protect financial scandals and diminish reputation of the banks. It also advocates and works to minimize the conflicts with stakeholders. Corporate Social Responsibility (CSR) designed to respond to huge unmet needs of the society in the achievement of long term and persistent business value. Especially commercial banks play an important...
Ryanair is a leading no frill airline in Europe and across the globe, it has managed to outperform all other airlines and in 2006, it carried over 34.8 million passengers. Ryanair is targeting low income earners and cost conscience customers 1.2.1 PESTEL Analysis:(See appendix 7.5) PESTEL analysis is a useful strategic tool for understanding market growth or decline, business position, potential and direction for operations. It is a framework for reviewing a situation and can be applied by...