The reason for this variety is that an organization's structure can make a real difference to the way it performs. That's why some companies achieve success through strict controls and systems, but others that try to duplicate that structure may suffer terrible results. It's also why a start-up company has to evolve its structure over time as it grows, and as its strategy and its environment change. Successful organizations are those that have figured out the best way to integrate and coordinate key internal and external elements. And they understand the importance of reviewing and redesigning their structures on an ongoing basis.
Therefore, any organization should be taken care if hiring the consultants. Introducing the Balanced Scorecard for compensation only. Obviously, linking strategy to compensation is a powerful lever to gain the attention and commitment of individuals to strategy. Some companies, however, forget that they must translate the strategy into terms each of their employees can understand and use in their everyday activities a key component of implementation
We will also look at bureaucracy issues that large firms suffer which are due to the non-performing managers and workers or the divisions, for e.g. a tools department of a large automotive firm may decide to buy from market due to the non competitive performance of there own tools division. Firm’s decision to buy from market is sometimes limited when the firm is exploited because of incomplete contracts, Oliver Williamson in his book The Economic Institution of Capitalism concluded that transactions cost include the time and expense of negotiating, writing and enforcing contracts as well as far greater costs that arise when firms exploit incomplete contracts. Oil and Gas industry follows vertical integration in supply chain which arises because of Technological economies, meaning less input cost will be required to produce a given output in downstream process. Such pricing lowers reported input prices and raises the profit of downstream operation.
Cross enterprise integration would allow visibility across the entire organization resulting in optimization and synchronism between the departments. The legacy systems were not working together and were becoming more costly to maintain. Volkswagen needed to increase the speed of their decision making to become more responsive to a rapidly changing supplier environment. Driven by competition and the complexity of the consumer purchase, the need for maximum employee productivity, shorter cycles, and lower costs was the reason to unify Volkswagen’s supply chain. Question 3 How did each of these companies implement a knowledge management system?
FedEx adopted an aggressive training program from competitive wages and profit sharing , bonuses , and a state of the art employee grievience process that are part of the PSP philosophy . by doing all of these things it will reflect positively on the performance of FedEx employees hence the quality of the service they deliver and the satisfaction of the internal customers will reflect also to the satisfaction of the customers with the speed and the quality of the service they are receiving . Another perspective that is being emphasized by FedEx is the system perspective where it focuses on the service side and that the customer becomes more the central in the thinking of the FedEx operation managers. the reason behind adopting this perspective is the aim to fulfil cutomers expectations and keeping them satisfied by delivering on time. Quality management at FedEx compasses all of its operations.
With that being said it becomes important to set values that everyone will work by. This will help when new employees are added to the team and will also help ensure that the behaviors within the organization are acceptable and beneficial to the overall outcome of the business. The culture should be determined right from the start so the right employees are hired. It becomes important to make sure there is a way of identifying the people that truly allow the company to be successful and not just hire the superstar, not everyone will fit in to all of the different type of organizational cultures. Determining which type of culture to work in will help tremendously when trying to find an ideal business to work for.
For a business that struggles with collaboration morale, it can help incentivize group work. For a company that strives to combat an individualistic workforce, it can aid in cooperation. Employing a team-based compensation strategy in a company will encourage employees to engage with each other, collaborate and strive towards a common goal together, which creates major business benefits. Also, team-based compensation can help a firm stay competitive within its market. Companies that outline their people as their competitive advantage need a strong compensation system to attract and retain their workforce, and employing a team-based compensation strategy will aid in this.
For an assortment of employees to function effectively as an organization, human resource professionals need to effectively deal with issues such as communication, adaptability and change. This paper will discuss the benefits of providing a diversified workforce, compared to maintaining a workforce that only thinks one dimensional. In addition to discussing the benefits of a diversified work place this paper will also discuss some of the drawback that may arise within the scope of diversity in the workplace. Diversity in the Workplace Government Enforcement An organizations total success is built around the operation of its employees. The employees are key to providing excellent ideas that allows the company to grow and prosper in ways that may be unimaginable to those who refuse to allow thinking outside the box.
3.) What management, organization, and technology factors were responsible for these problems? Management: The very rapid growth of Limited Brands was a driving force for the supply chain mess that was to come. Decisions to acquire companies, although potentially beneficial for the bottom line, must be well planned and orchestrated to make sure problems such as this one don't arise. Organization: The organizational problems were clear.
They need to be multi-talented so they will be able to understand discussions about a wide range of issues affecting the business. They need to have a clear and sharp mind so they will be able to find the main cause of an issue rather than unnecessary details. A good leader will have to motivate employees, especially in an autocratic style of leadership. This is because workers will have to carry out the task and to carry it out efficiently they will have to be motivated. Workers are also motivated in a democratic style of leadership as there is two way communication and worker's opinions are considered.