Wednesday, May 6, 2020
Organizational Success An Organization - 963 Words
Over the past decade, a common belief has been institutionalized in todayââ¬â¢s society regarding organizational success. For a company to excel, it must strive to grow at all cost. In the short run this is applicable, however in the long run the concept of growth can lead to a decline. To remain competitive within in the market, it is essential that the company strategically plans this expansion without omitting any of the primary or secondary entities of an organization. Knowing how to manage growth, whilst standing by initial official goals, not only operative goals. Through the right planning, strategy and implementation, growth can have a prosperous outcome. (Daft Armstrong, 2014) Companies are continuously under pressure to grow.â⬠¦show more contentâ⬠¦They had the wrong strategy with the right outcome in the short run, but a harmful outcome in the long run. Putting into place a team of leaders who would focus on maintaining the company culture within the organization, Would allow employees to adapt to the companies need to grow but still maintain their core values and culture. Google was successful at growing massively, whilst sticking to their initial core values. (Smith, 2012) (Daft Armstrong, 2014) It is possible to grow at all cost and have a small organizationââ¬â¢s vibe and outlook. As they had at the start. In other words, growing into multinational companies whilst still having a small company vision aimed towards satisfying all four entities of an organization. As stated previously, google is one of the rare companies to have succeeded. They strategically aligned their long term and short term goals to be the most efficient and consistent with the outcomes of an expansion. Satisfying both their employees and customers as well as maintaining a competitive advantage in todayââ¬â¢s market. They cautiously analyzed and integrated Fayolââ¬â¢s principles of management. In order to thrive through growth, it is essential to focus primarily on the long term objectives and challenges of the current market by taking into account their strengths, weaknesses, opportunities and threats. In the short run, the organization will generate high revenues. In the longShow MoreRelated Organizational Success Is Increasingly Becoming Dependent On An Organization1627 Words à |à 7 Pages1.0 Introduction Organizational success is increasingly becoming dependent on an organizationââ¬â¢s ability to embrace a diverse workforce (Simmons et al., 2011). There exists more variety in the modern workforce than in previous years (Christian et al., 2006). This is largely due to the demographic factors like immigration and economic factors like globalization (Christian et al., 2006). 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Innovation and creativity also depend on the leaderââ¬â ¢s ability to manage diversity in the organization as well as to develop an effectiveRead MoreThe Link Between Performance and Reward Management1061 Words à |à 4 Pagesimportant organizational aspect that is geared towards developing people with necessary competencies and commitment for working towards the achievement of common organizational goals. As a result, the frameworks of this component are developed in order to enhance both individual and organizational performance. This is done through identifying performance needs, providing regular feedback, and helping individuals in their career development. Due to its link to individual and organizational performanceRead MoreWhat Is Organizational Culture?1204 Words à |à 5 PagesWhat is organizational culture? ââ¬Å"organizational culture refers to the beliefs and values that have existed in an organization for a long time, and to the beliefs of the staff and the foreseen value of their work that will influence their attitudes and behaviorsâ⬠(Tsai, 2011, ââ¬Å"Abstract,â⬠para. 1). Yafang Tsai (2011) defines it as ââ¬Å"the belief that can guide staff in knowing what to do and what not to do, including practices, values, and assumptions about their work (para. 6). It can even be definedRead MoreMGT 312 Entire Course1103 Words à |à 5 Pages312 WEEK 1 Organizational Behavior Paper à à Writeà a 700- to 1,050-word paper explaining the role and purpose of organizational behavior. 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