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What Trends Contribute To Corporate Culture? : (Entrepreneurship (Success…
What Trends Contribute To Corporate Culture?
:
Organizational Structures
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Work Specialization
High Specialization
Become a master of your domain
Increased productivity
High turnover
Boredom, fatigue & stress
Lowered productivity & poor work quality
Low Specialization
Flexibility
Broader array of tasks
More freedom
Chain of Command
Short
New company
High risk
Less job security
Less chances for advancment
Long
Established company
More room for advancment
Span of Control
Wide
On superior in charge of several subordinates
Effective managment
Similarity of tasks
Difficulty or tasks
Proximity of people
Management style
Narrow
One superior managing a
small amount of subordinates
Easier to keep everyone on track
Formalization
Formal
Well defined role
Little flexibility
Informal
More flexibiloty
Increased value placed on employees
Employees can inhabit more than one role
Centralization
Centralized
Quicker decision making
Can be more efficient
Employees feel that their
decisions are less valuable
Decentralized
Empowerment
Decision making spread out within the organization
Slow process
Efficiency diminishes as more people have the
power to make decisions
Departmentalization
Grouping jobs together to coordinate
common activities and tasks
Rigid
Very little interaction between teams
Highly autonomous
Loose
Collaborative
More freedom
More resources at your disposal
Functional
Grouping jobs based on their functions
Advantages
Greater expertise
More efficient
Disadvantages
Narrow departmental focus
Favors goals of department vs organization
Geographical
Regional
Centralized coordination
More focus
International
Cultural differences
Could lead to more disorganization
Customer/Market
Organized based on the customers they serve
Product
Organized according to product
Top manager has top autonomy over operations
Advantage
Expertise
Development
Production
Distribution
Disadvantage
Duplication of resources within large organizations
Types of organizational structures
Traditional
Divided into specific jobs
Division of labor
Jobs must be grouped
Groups become divided & management is delegated
Assign a decision making authority
Changes over time
Matrix
Combination of two or more structures
Disadvantages
Unclear communication can hinder organisational functioning
Power struggles affect work efficiency
Advantages
Shared resources
Learn more by working with other departments
Promotes functional expertise
Highly specialized staff & equipment
Vertical/Hierarchical
Top
down decision making
Chain of command
Less emphasis on employee's input
Horizontal
Advantages
Greater interdependence
Improved communication & decision making
Fewer rules and regulations
Less supervision
Requires a higher level of skill from workers
The Mobile Workforce
Technology
More productive workforce
Created a more competitive global economy
Small companies can compete with larger ones
E-Commerce
Easier than ever to manage your expenses
Generated more higher skilled jobs
Automating lower skilled jobs
Job losses
Globalization
Challenges
Maintain quality of product
Time lines and schedules
Developing products that appeal to a global audience
Mandatory requirements of a new market
Physical
Effectively operate in varying climates
Social
Conform to government regulations
Fluctuating global economy
Benefits
Wider consumer reach
More profits
Endless opportunities
Future Trends
Global talent gap
Outsourcing talent in countries with decreasing workforce
Capital cities will likely decease in population
Business collaboration
Work with suppliers to maintain sustainability
Longer life expectancy
Greater age of retirement
More generations working side by side
Millennial's' will have more opportunities to work abroad
Working abroad
Leaving a life of familiarity for your career
Greater life experience
Workplace Culture
Responsible for affecting tasks and decision making within an organization
Factors affecting workplace culture
External
Business relationships
Technology
Less face to face interaction
Laws and policies
Fosters a strict or relaxed work environment
Internal
Values
Determines inner culture of employees
Leadership styles
Fosters innovation and creativity
Organisational structure
Procedures
Expectations
Policies
Employee's workplace behavior
Values
Ethics
Motivation
Changing environments
New competition
Evolving social norms
Leadership
Five ways to set the tone from the top
Consistency
Integrity
Leaders shape workplace culture
Leaders inspire the workers
Work ethic
Take risks
Collaboration
Corporate culture alignment is more valuable than one's skills
Current Impact of Unions
Historical impact of unions
Improving health and safety in the workplace
Increase salaries to match the costs of living
Economic growth
More jobs
Workers can now afford to pay taxes
Improved public services
Schools
Roads
Police services
Clean water
Health care
Implementing manageable work schedules
Vacation pay
Maternal & paternal leave
Overtime pay
Unites employees
Collectively deal with upper management
Several voices are louder than one
Job security
Protection against discrimination & harassment
Unemployment insurance
Protect the right we have won &
Win new new rights for workers
Drawbacks of Unions
[Pros and Cons of Unions]
Unsustainable wage payouts
Employers begin to outsource work
Job cuts
Shutting down the business
Wal-Mart Leaves Bitter Chill
Union dues
Can offset the union-negotiated wages
Difficult to discipline &
terminate bad employees
Difficult to promote good employees
Seniority over merit
Increases conflict between employer & employee
Poor workplace culture
Avoiding Unions
Ensure that employees need are met
The Future of Unions
Appeal to new workplace arrivals
Provide incentives that reward merit
Collaborate with management
Organisational sustainability over personal gains
Improved job security
Entrepreneurship
Downsizing of jobs in large companies
Corning a market untouched by large businesses
Globalization allows for global reach
Small Businesses
10 Ways Small Businesses Benefit the Local Community
More flexibility with overall vision
More creativity
Benefits
Why consider entrepreneurship?
Master of your own domain
You get out what you put in
Need to be prepared to fail
Be your own boss
Work anywhere
Risks
Sacrificing time and money
No return on investment
7 Risks Every Entrepreneur Must Take
No steady paycheck
Trusting employees
Traits of an Entrepreneur
Passionate
Persistent
Determined
Focused
Attentive to the details
Motivated
Success Factors
Small business survival
Do your research
Know the law
Understand finances
Well monitored inventory
Close relationships with staff
Business savvy
Clear business plan
Understand the market you're targeting
Study you competition
Unique products
Lower prices
Plan for periods of slow business
