Job satisfaction is an integral component of organization environment and important element in management -employee relationship. It is the important subject for the success of business in other words, effect directly or indirectly to the company and customers. Job satisfaction is directly related with improving of company and efficiency of employee. Are the employee's happy with his/her present job? This is the main question whose answer has great significance in professional life. If they...
"A project is a temporary endeavor undertaken to create a unique product, service or result" (PMI, 2008, pg. 5). "A project is a sequence of unique, complex and connected activities having one goal or purpose and that must be completed by a specific time, within budget, and according to specification" (Wysocki and McGary, 2003, p. 3). A project comprises of number of activities that must be completed in some specific order or sequence according to their technical...
The 21st century has brought with it a new workplace, one in which everyone must adapt to a rapidly hanging society with constantly shifting demands and opportunities. The economy has become global and is driven by innovations and technology and organizations have to transform themselves to serve new customer expectations. Today's economy presents challenging opportunities as well as dramatic uncertainty. The new economy has become knowledge based and is performance driven. The themes in...
For past many years it has been searched that working life pattern is changing and a new concept of 'Flexibility' is evolving. This new type of system has been searched and argued and now seems to replace the old concepts like Taylorirm, Fordism or we can simply say bureaucracy. The debate on possible impacts of flexibility is going on from last 2 decades. There are many researchers who have understood impacts of flexibility in positive terms (Hammer and Champy 1995; Schonberger 1986; Voss and...
EFQM is known as European Foundation for Quality Management. In the year 1988 around 14 leading western European companies created the European Foundation for Quality Management. By July 1993, there were more than three hundred members from mostly from Western European countries and most business sectors started using EFQM model. The EQFM model was started when the European companies recognized that they had to focus more on quality in order to survive in the global market. In 1991 they...
The origin of the TQM movement dates back to the early 20th Century when Walter Shewart, in the early 1920s, first introduced the concept of statistical process control to monitor quality in mass production manufacturing (Shewart, 1931). This was followed by many quality management gurus and practitioners who all advocated various approaches to TQM. Crosby (1979), the four absolutes, Deming (1986), fourteen points, Feigenbaum (1993), total quality control, Ishikawa (1985), quality control...
Introduction Companies seeking to gain a competitive advantage in today's environment, where competition is very tough where technological improvement have pushed major companies forward are in need of a strategy development process. By using several capabilities like creativity and originality, companies can come up with a number of options and possibilities that can be used while building a strong strategic plan. Today, Companies should develop the sense of controlling and monitoring of...
Change management is the process of developing a planned approach to change in an organization. Typically the objective is to maximize the collective benefits for all people involved in the change and minimize the risk of failure of implementing the change. The discipline of change management deals primarily with the human aspect of change, and is therefore related to pure and industrial psychology. In organizations there are often two types of work. There is the normal delivery process where...
The operations management is involved in all types of organizations and it is considered as a core value of the organization. Business is a typical field where operations management fits in. However, several other fields require good understanding of operations management such as industry, Healthcare, education, and governmental sectors. The scientific background of these sectors is quite different from each other but the managers in these fields usually share same management qualification. The...
The author has chosen his company "SYNAPSYS" for the analysis of the assignment. SYNAPSYS is a fully owned subsidiary of the DFCC Bank and considered as the IT arm of the group. It provides IT outsourcing services and financial software Solutions for a wide range of customers internal and external. The focus of the assignment is to analyse existing practices in motivation and to develop a motivational strategy for the company. The concept of motivation is situational and its level...