Managment and organization
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The document discusses several topics related to organization and management including: - A company's internal environment including structural analysis to ensure safety and efficiency, and employee relationship management using technologies like training, pay, competence management, and communication. - A company's operations focus on effectively managing resources and activities to produce goods and services. - A company's culture is defined by shared values and practices that influence employee behavior and decision making. Culture can be created through defining values and moving employees toward a desired culture. - External factors include government policies around price stability, unemployment, growth, and trade balance that can impact businesses, and capital markets that allow companies to raise money through bonds and stock.
Managment and organization
- 2. Business Environment External Environment Internal Environment Government Policies Company's Structural analysis Country's Culture Employee Relationship Capital Market Company's Operation Country's Economy Company's Culture
- 4. Company's Structural analysis What is Company’s Structural analysis mean? Structural analysis is a process to analyze a structural system in order to predict the response of the real structure under the excitation of expected loading and external environment during the service life of the structure. The purpose is to ensure the adequacy of the design from view point of safety and serviceability of structure. Why companies need Structural analysis? Structure analysis or audit focuses on determining how structure and strategy can best work together to increase your company's efficiency, effectiveness, and profitability
- 5. Employee Relationship What is Employee Relationship mean ? The term "Employee Relationship Management" (acronym ERM), translate as "management of the relationship with the employees" refers to the use of technologies in the management of human resources. This concept is based on client relationship management, with the employee at its center.
- 6. How Can Manager make an employee relationship? Training , i.e. the preparation of an overall training plan of the company which makes it possible to handle a catalog of compulsory or optional internships, requests by employees, and tracking of training actions; Pay , to prepare a statement of payments and mailing of salary bulletins; Competence and career management , consisting in the implementation of a competence reference standard which permits improved management of jobs within the enterprise and in-house transfers. The goal is to value human assets by prioritizing the competences, knowledge, and know-how of the employees; Time management , i.e. the management and quantification of the activity of the employees of the company, in particular with a view to compliance with existing laws (reduction of working hours, payment of overtime, accounting of vacation, work breaks and absences); Internal communication , which permits sensitization and transversal information, which makes it possible to break the isolation of the different sectors of the enterprise .
- 7. Company's Operation What is Company's Operation mean? Operations Management (OM) focuses on the effective management of the resources and activities that produce or deliver the goods and services of any business. OM professionals manage the people, materials, equipment and information resources that a business needs to produce and deliver its goods and services. They also design and manage the business processes and activities that actually produce those goods or services.
- 8. Company's Culture What is company’s culture mean? A culture is the values and practices shared by the members of the group. Company Culture, therefore, is the shared values and practices of the company's employees. Company culture is important because it can make or break your company. Companies with an adaptive culture that is aligned to their business goals routinely outperform their competitors. To achieve results like this for your organization, you have to figure out what your culture is, decide what it should be, and move everyone toward the desired culture.
- 9. How to Create company culture? Culture is made up of the values, beliefs, underlying assumptions, attitudes, and behaviors shared by a group of people. Culture is the behavior that results when a group arrives at a set of - generally unspoken and unwritten - rules for working together. An organization’s culture is made up of all of the life experiences each employee brings to the organization. Culture is especially influenced by the organization’s founder, executives, and other managerial staff because of their role in decision making and strategic direction.
- 11. Government Policies Governments like to try to manage the economy to achieve their objectives. The key objectives are: 1.Maintaining price stability (keeping inflation low) 2.Maintaining low unemployment 3.High economic growth (as fast as the economy can sustain without being inflationary) 4.Balance in international trade - this is known as a balance in the balance of payments and governments aim to achieve this in the medium term
- 12. How government policies faced Business? Fiscal policy Fiscal policy is using the levels of government expenditure and taxation to try to influence the path of the economy. However, this can be a fairly blunt tool as fiscal policy is only changed to any great extent in the Budget given by the Chancellor each year. 2. Monetary policy Monetary policy is the manipulation of interest rates and the money supply to influence the economy. It is the main tool used for the short to medium-term management of the economy, but interestingly 3. Supply-side policies Supply-side policies are medium to long-term policies that are aimed at improving the potential of the economy to produce. In other words, they are aimed at improving the capacity of the economy.
- 13. Capital Market A capital market is simply any market where a government or a company (usually a corporation) can raise money (capital) to fund their operations and long term investment. Selling bonds and selling stock are two ways to generate capital, thus bond markets and stock markets (such as the Dow Jones) are considered capital markets. Introduction to Capital Markets