Managing Change Part II MGT/426 Managing Change At times organizations tend to take on their own culture and in doing so, they face different challenges and changes. For Citigroup to compete, stay financially fit, and adapt, the organizations has to change. Citigroup’s employees must understand how change can be beneficial to the organizational and to them as well. By implementing change will allow the organization grow, meet customers’ needs, challenge the employees to improve his or her skills. Change is imperative for Citigroup to remain relevant.
In today’s market climate, companies have had to increase their consciousness as to what really matters. The market is demanding more and more that organizations account for the interests of not just shareholders but all stakeholders. Team members, shareholders, customers, vendors, the environment and society’s interests must be in the forefront of consideration of all companies wishing to stay relevant in today’s market and workforce environment. This in more than just the right thing to do, it is an operational imperative that offers significant ROI to a business’ bottom-line. Companies must view themselves as part of an ecosystem; one entity in an interdependent interconnected environment.
Technological change can also affect the internal working arrangements - machinery leads to redundancies, new training may be needed etc. (Internet shopping and self-scan checkouts) Outsourcing production to cheaper countries. Skills requirements - Assessing the skills of the current workforce is an essential part of human resources planning as it enables a business to build up a profile of the training, experience and qualifications that employees already have. This is very important whether the business is capital intensive or labour intensive. As the nature and type of work changes within an organisation, so do the skills requirements.
Whether it is to update an existing job, to create a new one, to revise any current compensation program, or to change any parts of the organization to align with the business strategies better, the planning is absolutely required. Whatever the case may be for the changes, upper management’s support is crucial because changes often result in resistance or anxieties amongst employees. Preparing and
Human resources management is responsible for recruiting, hiring, firing, and training employees. It also develops and implements company policy. In many cases, developing the ideal human resources strategy requires assistance from outside the company. • The business world has experienced numerous changes as a result of technology and globalization. It is important for the field of HRM to be prepared for these changes.
Employee Portfolio Management Plan Summary In organizational behavior, personality traits play the biggest key role. Why? Because the behavior of the people and how they think greatly influences organizational performance, these three things thinking, feelings and behavior, which by the way are personal, affects many aspects of the workplace. If we look a bit closer we find that people's personalities persuade their behavior in some groups, along with their attitudes, and the manner in which they make decisions. Organizational skills hugely affect the people actions and reactions to different situations that happen during work.
Week1 Topic 1 To survive in a highly competitive environment, a business organization must adapt and change (evolve). Successful organizations seek continuous improvement in how they create and deliver products and services. This can include changing existing processes or inventing new processes. Such process changes are made utilizing a myriad of different methodologies including (but not limited to) CIMM, TQM, Six Sigma, Balanced Scorecard and
Week1 Topic 1 | To survive in a highly competitive environment, a business organization must adapt and change (evolve). Successful organizations seek continuous improvement in how they create and deliver products and services. This can include changing existing processes or inventing new processes. Such process changes are made utilizing a myriad of different methodologies including (but not limited to) CIMM, TQM, Six Sigma, Balanced Scorecard and
Searching for new sources to be competitive is an ever forgoing challenge. Lasting success requires steady and sometimes dramatic cost reductions, quality and delivery improvements, reduced cycle times, and improved responsiveness to customer, competitive and financial market demands. As I think about the best way to respond to these demands, the development of global strategies and approaches, including global sourcing strategies, will become an increasingly attractive option. Well-developed global sourcing strategies should include improvement opportunities. Global sourcing involves proactively integrating and coordinating common items and materials, processes, designs, technologies, and suppliers across worldwide purchasing, engineering, and operating locations.
The impact of changing technology on both employers and employees is considered. Employment patterns and the expertise required of staff are changing. Flexibility in the face of new information technologies will be essential if organisations and individuals are to survive and flourish in the business world. The introduction or enhancement of technologies will always carry some risk and learners will consider the types of risk and how organisations can manage these. Finally, learners will consider how organisational business systems may be improved by the introduction of new technologies and