After reading this article you will learn about the environmental and functional challenges faced by managers in an organisation. Environmental Challenges: In a liberalised and globalized economy, managers face the following environmental challenges: 1. Economic environment: In the market economy of today, consumers are free to buy what they want and producers are free to produce what they want. Keeping [...]
Though developing continuously, management attention shall continue to be focused on: 1. Systems Theory: Business organisations are open systems which continuously interact with the environment. Managers keep constant watch on environmental factors (technological, social, political, legal, demographic, economic and international), analyse their impact on organisational policies and adapt to environmental changes. 2. Organisation Structures: Organisation structures have improved from traditional, [...]
After reading this article you will learn about the relation between performance and organisation climate. Organisation culture has the potential to enhance organisational effectiveness, individual satisfaction and certainty about how various problems will be handled. However, if the culture gets out of step with the changing expectations of the internal and external stakeholders, organisational effectiveness can be hindered. Generally, organisation [...]