Influence of stakeholders on the organizational management...

Influence of stakeholders on the organizational management Stakeholders are the people or groups who have an interest, claim, or stake in the organization. Hence, stakeholders usually focus on the performance of the organization and ensure that it remains at an acceptable level. Stakeholders do not have any role in the management of the organization, but they do influence the organizational management. Stakeholders influences the decision making process. They ensure that the organizational work environment remains dynamic, stimulating, and rewarding and there are good working conditions available in the organization so that the organization can perform well. However, it is to be understood that the stakeholders have their own interests which are required to be satisfied by the organization. These interests can vary and can relate to productivity, environment, quality, technology, as well as financial, regulatory, welfare, or ethical issues etc. The organization is required to define, fully understand and address the interests of the stakeholders. This is a very delicate process which is required to be addressed with discretion since it can help the organization to achieve the long term success. The organization which does not have the ability to satisfy its stakeholders defeats the purpose of its existence. For these reasons, management is required to assess the organizational setting and its own role. The major task of the management is to build relationships and to develop a framework for partnership. This framework connects the people of the organization with one another, and with its stakeholders with the stakeholders. For doing it, management is required to identify critical relationship, develop satisfactory working relationships with several key individuals and groups involved, and finally work for the maintenance of these relationships. With the conservation of organizational resources, time, money and personnel as mandate, organizational management seeks to capitalize...

Stages during the Development of Management Concepts...

Stages during the Development of Management Concepts Management is considered to be the process of getting planned things implemented through and with people within the available resources of the organization. Management consists of accomplishment of predetermined objectives through planning and directing of efforts and the organizing and employing of the human and material resources. Management is an approach which enables the realization of the desired results (generally expressed in terms of performance) by taking actions to achieve those results and by dealing with the dangers brought in by external and internal factors (environment) within the organization. Development of the management concepts has taken place in several stages. During these stages, different approaches for the management concepts have been developed. These stages provide the information about the approach which was predominant during the period of the stage. These management approaches have been developed and tested over time. Elements from these approaches which have been proven successful can be taken and integrated to arrive at a unified system of management practice to suit a particular situation in an organization. During the study of the stages of the management concepts, it can be seen that there is non-linearity and every stage involves active interplay of components which cannot be separated into distinct elements. Further, since there is continuous evolvement of management processes, their identification with a certain stage is a bit vague, though there are some practices which are dominating during each stage. Though, it is difficult to predict the timings for these practices, there are periods in the stage when the specific practice has been developed and applied with sufficient regularity. These regular practices of the various stages are given below. Stage of scientific management The basis of the scientific management is considered to be the...

Management of Workplace Activities...

Management of Workplace Activities Workers are the employees of the organization who physically carry out the work at the workplace. To perform efficiently and in a professional manner workers need knowledge, capability, and many qualities and traits.  For doing the work at the workplace, workers work with various tools, equipments, instruments, implements and processes.  The performance of the organization depends on how efficient the workers are at their workplace. Further, healthy, well trained, knowledgeable, disciplined, motivated, safe, alert, honest, and hardworking workers manage their workplaces in a manner which make them more productive. The traits, which the workers need for efficiently managing the activities at the workplace, include teamwork, integrity, commitment, and work ethic. Workplace is the place where a worker performs his activities. There need to be dynamic alignment of workplace activities with the work environment for efficiency, peak performance, and reduction in the costs. In a way, what is workplace for a worker is very much similar to what is an organization for a management. The performance of the worker depends on how he manages his workplace activities. He is required to manage the workplace activities (Fig 1) ably, strongly, and proficiently to be productive. Workers who manage the workplace activities well make a difference in the workplace and have a voice, a say in how the work is done. Fig 1 Management of workplace activities A worker to be professional is to conduct himself with responsibility, accountability, and excellence. It means proper planning of the workplace activities along with communicating effectively and appropriately and always finding a way to be productive. It also means managing of available resources at the workplace efficiently. The worker is required to be ethical, team oriented, and to possess strong interpersonal and problem solving skills. Main...

Quality of Decisions and Organizational Performance...

Quality of Decisions and Organizational Performance Quality of decisions made is very important for the smooth functioning of an organization. It is a known fact that decision making is not just about selecting the right choices or compromises. Unless a decision has degenerated into work, it is not a decision. It is at best a good intention. Decisions made become effective only after they are implemented. Organizational management is required to make a large number of decisions on a continuous basis. These decisions are required to be made for the smooth running of the organization. The performance of the organization is greatly influenced by these decisions. Hence, making decisions is a matter of a huge responsibility for the management not only against the organization itself, but against their employees and other stakeholders, as well. The decision making process can be explained as a proposal considered by the management in the context of the organization and its strategic position. Alternatives, risks and potential outcomes are considered and then a decision is reached. There can also be a post audit and a feedback loop. The decision making process of the management is subject to human error as the management personnel have personalities, prejudices and a self-interest bias. Importantly, they have different attitudes to and appetites for risk. The decisions of the management are influenced by the decision making environment which consists of a unity of management’s experience, beliefs and perceptions on one side, and decision support tools and techniques on the other side. For determining the effectiveness of the decision made, the performance of the organization is normally measured on the basis of eight performance parameters. These performance parameters include (i) profitability, (ii) organizational effectiveness, (iii) continuous improvement, (iv) productivity of the processes, (v) quality of...

Standards and their importance for the Organizations...

Standards and their importance for the Organizations The modern and globalized world cannot exist without standards which are sup­porting cooperation, trade, health, safety, and economic growth etc. In fact, standards exist in almost all aspects of modern life. They range from standards in information and communication technology which ensure the interoperability of diverse components to standards for the quality of products or services, and underlie areas ranging from the harmonization of international accounting systems to the governance of the social and environmental performance of the organizations. Stand­ards have a huge influence on everyday life. They play a key role in an environment where an organization is to be at its best for achieving success. They are open access documents with no charge or license fee for their use, apart from the cost of its purchase. The development of standardization as an engineering activity was pioneered by Eli Whitney, who in 1793 invented the cotton gin, a machine for separating cotton fibres from their seeds. Whitney later introduced the production of interchangeable components for the manufacture of guns. Standardization of screw threads by Sir Joseph Whitworth dates back to 1841. Other instances of early standardization can be found in the dawning age of the railway industry, as the establishment of a standard width between the two rails on the railway track, the manufacture of railway couplings, air brakes and the signaling system called for increasing levels of standardized work. But major impetus to the development of standards came around the turn of the 20th century, when a large number of national standardization organizations were founded, including organizations that are nowadays known as the British Standards Institution (BSI) and the American National Standards Institute (ANSI). Their purpose was to create sets of rules for the design...