explain the nature and spectrum of business activitiesPosted by: | Posted on: November 27, 2020
- A decision-making organization involved in the process of using inputs to produce good and/or provide services. For developing proper strategy the manager must have a philosophy about the dynamics of change. 3.
It is also important to bear in mind that any change in an organisation may have effects extending beyond the actual arena in which the change takes place. Planned versus Reactive Organisational Changes 3. The business involves buying of raw material, plants and machinery, stationary, property etc. A freelancer for more than 20 years, Johnson has had the opportunity to cover topics ranging from construction to music to celebrity interviews. Resistance 7. The bottom line: Money makes business possible. Nature of work means, what work is to be done in the business. …. Most managers consider resistance to change as un-favourable to organisational effectiveness. %%EOF
7. Nature definition: Nature is all the animals, plants, and other things in the world that are not made by... | Meaning, pronunciation, translations and examples It is very important to try to remove or at least minimise forces acting against the change. SOCIAL RESPONSIBILITY OF BUSINESS ORGANISATION, Business ethics and social responsibility, No public clipboards found for this slide. Tax laws change. If a manager has developed an environment of trust, employees are likely to feel more comfortable as the organisation moves through the crises of change. Of course, the organisation must make sure that it really needs such a highly qualified (and hence more expensive) set of managers and that the new standards do not discriminate against women and minorities. Examples of contemporary control systems are various accounting systems, programmes for monitoring investments and expenditures, and budgeting innovations such as zero-base budgeting. 15.3 shows that there are two major ways of dealing with organisational change. Chapter 1 The Nature of Risk: Losses and Opportunities. Planned versus Reactive Organisational Changes 3. Solutions are searched out by creatively developing new and plausible alternatives. Supply chain management (SCM) is a business and technology discipline that refers to the ways of coordinating the activities involved in purchasing, designing, building, and selling a product. ADVERTISEMENTS: After reading this article you will learn about:- 1. Competitors obviously influence organisation via their price structures and product lines. The Nature of Organisational Change 2. The organisation may find it necessary to replace such managers with others who are better able to satisfy the demands of the job. Operations includes every activity needed to manufacture a product or provide a service. Finally, financial cutbacks include reduction in operating budgets and freezes on hiring. One of the most intriguing areas of current research is the impact of nature on general wellbeing. Other causes of structural change include compensation systems, performance appraisal systems, and control systems. Change may also be brought about internally by a new manager or by the new philosophy of an existing manager.”. In India, we refer to organisational decline as industrial sickness. Other examples of such changes are changing work schedules by introducing a modified workweek, flexi-time or job sharing. The socio-cultural element, reflecting societal values, determines what kinds of product or services will find a ready market. Early retirement is another option, and it is becoming increasingly popular.
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