14. Which of the following best describes a dynamic organization? A. Creating organizations that continually focus on the internal processes to achieve goals B. Building an organization by grouping jobs into work units and allocating resources C. Identifying business functions and mobilizing leaders D. Being flexible and responsive towards customer needs and the competitive environment Correct!
Balanced Scorecard Organizations and upper-management often use a Strengths, Weaknesses, Opportunities, Threats, and Trends (SWOTT) analysis model to concentrate on the company’s competitive advantages, their possibilities, evaluate how to improve susceptibilities, and avoid coercion. Organizations depend on SWOTT analysis to remain successful in their industries. For a business to be successful and sustain their performance, the entity is obligated by their external environment to generate strategic objectives and constantly evaluate its vision and mission. Organizations must reflect on their mission and vision frequently to assess each for validity, consistency, and making sure the objectives are components useful to the desired vision. Businesses require a tool to measure the execution of objectives.
The ultimate aim for a business or organisation is to succeed whether it be success in producing physical goods or success through the provision of services. For any business to succeed it is important for plans to be developed. Various plans are developed by various parts of the organisation and at different times, these plans could include resource plans, work plans and operational plans. All of these plans intertwine with each other and all relate explicitly to the organisation’s strategic plan. The strategic plan of an organisation is the overall direction, the intentions or the aspirations of the business.
Human Resource Management Week 1 Assignment 1. Why do you think is it important for HR to be a strategic partner to the business? HR is an important strategic partner to any business, because it identifies the needs and future needs of the organizations that they are representing. HR is a direct connection to the employee, management and the organization ultimate goals. These ultimate goals are met by the basic functions of HR which are planning, organizing, leading, and controlling.
If the company engages an operational product planning tactic interconnected with a vast quality progression that focuses on market needs and customer needs, the company will succeed with new products in the current market. A further quality procedure for BJB Manufacturing Company would be to make sure successful product proposals are generated through consultations through corporate management, and manufacturing groups. This is done because groups will have important product information that can help other group’s complete individual sections of the business plan. It is vital that each section of BJB Manufacturing Company comprehend the company intentions and product course so that the company can design product plans, merge quality procedures, and adhere to planned practices.
Each area must define its own objectives and goals and how to achieve them. The objectives defined should be evaluated by the strategic planning area to ensure the changes are compatible with the company's annual budget. Employee engagement and communication should be carried out by a group of internal communication processes (intranet, mailings, videos, e-learning, and internal campaigns). This way, the company's internal team has a wider view of the company and is able to comprehend and create objectives in its specific departments to achieve the goals
They will specify the performance of personnel and products and define the terms that are supposed to be used in the business. For any business to move on and make profits, it should follow its standards up to date. Standards Standards I very important for any business
Cost management is a key factor in any project. Combining projects to reduce costs and utilizing skills of employees in numerous RNS units, often happen during this project.
The second two are reward provision and information provision also referred as ‘integration of effort’. Division of labor is a classification of the tasks that contribute to the overall goals of the organization and then allocate these tasks throughout the organization to individuals or groups within the organization. Task division goes a step further and maps the goals creating sets of interrelated sub-tasks that are necessary in order for the organizations goals to be achieved. Task allocation is the process of mapping the task divisions to individuals or groups. The authority or leadership expedites this by matching the sub-tasks to the individuals or groups skill profiles.
In addition, having both management and leadership are significantly important in any organization that wants to succeed. In today’s management role, one must implement the functions necessary to be successful. In particular, strong leadership is imperative for shaping an organization into a force that serves as a sustainable business advantage. Having a vision, the ability to articulate it, and having the necessary skills and resources to carry it out is a cornerstone of one’s organization. Furthermore, managers should establish the following within their units: valid performance standards; provide adequate information to employees; ensure acceptability; maintain open communication; see that multiple approaches are used.