Advantages and disadvantages of quality management

Total Quality Management (TQM) has been a significant focus of organizational strategy since its inception. TQM emphasizes the need for continuous improvement, a customer-centric approach, and the involvement of all employees in quality initiatives. However, like any management approach, it has its advantages and disadvantages. This essay explores both sides, delving into the various academic … Read more

Chapter by Peter M. Senge: The puzzles and Paradoces of How Living Companies Create Wealth

Senge starts of by saying that Jensen argues that firm value maximization is optimal (p. 59). He says Jensen argues that it isn’t possible to maximize in more than one dimension at the same time, according to Jensen there are trade-offs between those dimensions. That’s what an singe-valued objective function does. People need a measure … Read more

Leadership theory

Introduction A person can be a good manager, but not necessarily a good leader; another person might be a good leader, but might not a good manager. The difference between them is that the manager is committed to creating order and stability, while leaders are embracing and process change. “Leadership” is to create a vision … Read more

Jack Welch as a transformational leader

Introduction Leadership is the collective action of everyone to influence. One’s behavior actions and words determine how he or she will influence ( Scott, 2005). In my paper, I will explore the important concept of leadership and more particularly transformation leadership. I will discuss the transformational model of leadership as I base Jack Welch as … Read more

Motivation

Motivation is the process of influencing an individual as to act or behave in a certain way. Motivation was defined as ‘a general term applying to the entire class of drives, desires, needs, wishes and similar forces’. (Weihrich &Koontz (1993: p.462) Motivation can also be defined as ‘the psychological forces that determine the direction of … Read more

Leadership strategy

Introduction Organizations depend upon capable leader-ship to guide them through unprecedented changes. Yet, there is ample evidence in the news and in recent research reports that even some of the best and most venerable organizations are failing to adapt to change, implement their strategic plans successfully or prepare for a more uncertain future. We believe … Read more

EMPLOYEE TRAINING EFFECTIVENESS

ABSTRACT Training is a systematic activity that enhances the skills of the employees. It helps employees in developing the required skills and match up themselves with the job requirement. Training is an investment of money, time and energy done for employee’s productivity and progression. Therefore it is necessary to know the impact of training and … Read more

How the structure within the organization and commodity management are related

1. Commodity group management is a part of strategic sourcing and operates in a structural context ‘Strategic sourcing involves taking a strategic approach to the selection of suppliers’an approach that is more aligned with the organization’s competitive strategy.’ (Commodity Sourcing Strategies: Processes, Best Practices, and Defense Initiatives, Rendon, 2005a, page 9) Over the last decades, … Read more

Quality Of Work Life Programs: Are They Nothing More Than A Fad?

Quality work life programs are decisive programs, policies and procedures sponsored by the companies for their workforce to assist them attain success and profitability within and outside the workplace. Over the years, leading organizations and institutions have succeeded in implementing quality work life programs that address labor concerns and the needs of the workforce. However, … Read more

Human resources in the US

America Employees Through the law of the US workforce there are few restrictions imposed on the employment of an employee or his dismissal. Because of this, employees of US companies are willing to change frequently the workplace. Changing job occurs: ‘ both from the company’s initiative, dismissal for economic reasons or otherwise; ‘ but also … Read more

Organisational Structures: An Overview

INTRODUCTION AND DEFINATION OF ORGANIZATION According to the (council dictionary fourth edition, p 1103) organisation means means union organization comprising parts and other people in a body (association, corporation, etc.) for specific purposes (mutual interest ). According to (Professor Schein (1973), the organization serves as a rational adjustment of human activity in order to achieve … Read more

Management control measures by professional investment companies to avoid irrational decision making: Lessons learned from the dotcom bubble

Abstract This paper investigates behavioural finance principles and in particular the managerial bias, overconfidence. During the dotcom bubble, 1998-2001, it has become clear overconfidence has played a significant role in the burst of the bubble. Overconfident and, even, rational agents were riding the bubble and invested highly in technology stock. MANAGEMENT CONTROL MEASURES TO BE … Read more

Behavioural Perspectives on Corporate Governance – The influence of gender diversity on the Management Board

‘ Introduction Gender diversity in organizations and in boards in particular, has been an important topic in recent years for both academic researchers and business leaders, investors and policy makers (Upadhyay & Zeng, 2014). Gender diversity is expected by many scholars to improve board processes and organizational effectiveness. This diversity could be arranged by increasing … Read more

A research report on Management Development in Arabian Oil Company in Saudi Arabia

Introduction Business environment has become highly competitive globally due to globalization, the rapid changing economic environment, rising expectation from clients and advancement of technology. Organizations that are keen in maintaining competitive advantage over their competitors need to be prepared to shed their traditional management practices and adopt modern practices which will give them an edge … Read more