The only valid purpose of the business is to create customer (The practice of management, Peter Ducker, 1954). The success of business industry in future depends on the ability of the business to fulfill their present customer's need, to foresee future expectation of the customers and act in advance to improve the service and quality of the product to develop the relation with the customer (Gale, 1990; Kandampully, 1998). This could be only done if organization has the learning capabilities....
Nowadays, we can see some changes that we all have experienced in social, political, economic and technological aspects in depth especially to the style and management regime of their goals that a company must make to achieve maximum impact of the rapid changes in the industry. In our research paper we are concentrating on researching about the comparison between Personnel Management and Human Resource Management, it is related to the phrase "the same wine, only different bottles". In...
Total Quality Management (TQM) denotes a management philosophy that creates a venue for organizations to differentiate their products as well as bringing down costs of producing goods and services and applying it to the firm has big advantage. This article therefore shows clearly the components that are necessary in order to implement a successful quality management practice not only that, the influence that these component include; critical factors, practices, techniques and tools have are...
The assignment is an attempt to explain why the issue of Talent Management has become so prominent now despite the fact that it has been around for a long time its definition, uses, and why companies use it. The argument that it is a business strategy will be looked at and the issue of whether companies use it. Its application and the hard issues that it is meant to address given the fact that it deals with human resources as opposed to other resources that companies harness to achieve its...
Organizational learning is a overlapping and multi level process in which members take hands on knowledge through collective response action either individually or collectively. As Hyes (2010) illustrated that Organizational Learning involves civilizing, mounting and boosting cumulative capacity of individuals to act in a more resourceful and successful manner. The combined environment of learning is more important in complex surroundings. Individuals learn individually to hold up and keep...
The first thing that I learned in class today was what is management. Management consists of 4 basic functions ie. Planning, Organizing, Leading Controlling. Then there is a difference between Manager and Leader. There can be a possibility that a manager who is not a leader and a leader who is not a manager. There are 3 levels of Organizational Analysis, Individual, Group and Organizational. Individual level includes personal values, ethics, emotions etc. Group level includes decision-making,...
This report will seek to identify key area of Virgin Group relevant to the assignment question, namely: the Profile of Richard Branson, what is his business Skill, Marketing, What is Motivation for the employee and the Virgins Culture, This report be produced though the research of the relevant materials (textbooks, journals, websites, articles, class PPTs and Case studies etc.) and will be supported through a conclusion, which will serve to serve to summaries the key points contained in the...
Organizations have to endure significant and traumatic changes in order to survive in the dynamic and competitive business environment. Leadership plays a vital role in the implementation of organizational change. This study will discuss how leaders would effectively implement such strategic changes with specific approaches, theories and styles of leadership. The author will relate to appropriate organizational examples and incorporate academic frameworks & models of leadership. Defining...
With the increase in world globalization, interaction among people from different beliefs, cultures and backgrounds has become more important than ever before. Individuals are no longer living and working in a narrow-minded market place. We are all part of a universal economy where competitions come from all continents around the world. It is due to this reason that individual differences are essential if an organisation needs to become resourceful and open to changes. Differences in the...
Just possessing an impressive title or position does not equate to someone being a leader. Leadership is influencing others to follow your vision. The quality of one's leadership is measured by their follower's perception of the leader's effectiveness. This perception is driven by the different characteristics and skills that a given leader has as well as the style they use. Which traits they possess and their chosen approach will have a direct impact on the effectiveness of their leadership....