This essay is going to analyse how employees and owner-managers experience the transition towards more formalization. Moreover I will strive to explain which terms and conditions related to formalization can constitute huge challenges. The owner-managers have to administrate the process of formalization. It is a tactful process to increase the level of employment formality. It influences the manner in which formalization is carried out and generates apprehension on how the interrelation between...
In this decade, more and more multinationals was attracted to invest and found companies in China because of the burgeoning Chinese economy as well as so-called "cheap workforce". However, becoming the world's most competitive market almost overnight has put enormous pressure on the market for talent. (Hay Group, 2007) 44%, 41% 40% of the employers in Hongkong, China, Taiwan, China and Mainland China realized a talent shortage, and the forth hardest positions to fulfill in China are...
Counterproductive and deviant behaviours can be found all around us, but matter largely in professional fields. When in an organisation, any deviant behaviour is detected; it is an indication toward a serious threat to organisation as well as the staff from different perspectives. In human resources, deviant behaviours of employees and managing them have gained increased attention due to a range of reasons. For the success of an organisation, management of deviant and counterproductive...
Modern global world is comprised companies and enterprises having highly skilled, knowledgeable, sophisticated and decisive workforce, with dramatically increasing role. Organization's performance and productivity is directly influenced by the commitment and loyalty of its employees. Today's competitive professional atmosphere has compelled the attention of the organizations to apprehend the significance of employee retention and thereby constrained them to develop strategies tailored to fulfil...
This report is intended for the project steering committee of the London Private University for Business and Management. It is produced by the project manager of Strictly IT Business Solutions (Pty) Ltd. The London University for Business and Management approached our company to create a biometrical access system for their students and personnel. The biometric scanner will be implemented throughout their university and will contain the best biometric software available at present. If any...
Wal-Mart the world's largest retailer was founded in 1962, operating in 15 different countries. Sam Walton's (founder of Wal-Mart) goal is, saving people's money to make them live better through their low pricing strategy. With sales of around $405 billion in 2010, "Wal-Mart is ranked as world's first retailer in Fortune Magazine's 2010 list, under most admired company's category". Despite these figures Wal-Mart is now facing high criticism in terms of supplier relationships, product...
In his comprehensive book 'The Evolution of Management Thought' Daniel A Wren writes: " Within the practices of the past there are lessons of history for tomorrow in a continuous stream. We occupy but one point in this stream. The purpose .. is to present…the past as a prologue to the future." Broadly it has been classified into : 1.Scientific management theory 2.Administrative management theory 3.Behavioral management theory 4.Management science theory 5.Organizational environment...
Questions regarding the organization justice and OCBs have received considerable attention by the researchers in the areas of industrial psychology, human resource management and organizational behavior during last few decades. Much more studies have been conducted to investigate the effects of organizational justice on organizational citizenship behaviors (OCBs). Researchers have been emphasizing the relationship of organization justice with OCBs across the world through different moderating...
The traditional yardstick by which entrepreneurial success is usually measured is financial performance. Corporate entrepreneurship and social entrepreneurship differ on how they measure success. The latter focuses on achieving both financial performance and social performance. The experiences of various social enterprises suggest that measurements of success are based on self-defined goals of the organisation. Moreover, success according to entrepreneurship research is driven by factors...
A lot of articles and studies on mergers emphasizes why mergers be unsuccessful to accomplish their potential. A widespread subject matter is that people-related issues were not treated early or sufficiently effective. For example, a Forbes review of 500 CFOs found that the main reasons why mergers were no financial issues, but problems related to people: mismatched civilizations, incapability to administer the acquired company, the powerlessness to implement the other hand, overestimated...