Workplace spirituality has recently emerged as a significant aspect of organizations and hence, a significant topic of inquiry in the organizational science. Since the late 1990s, publications such as Wall Street Journal, Business Week, Fortune and others have reported a growing desire among employees for meaning and purpose at work, for a spiritual dimension to organizational life. Spirituality is the state of intimate relationship with the inner self of higher values and morality as well as recognizing the truth of inner nature of people. The concept of spirituality at workplace can be explained as an experience of interconnectedness, shared by all those involved in the work process, initially triggered by the awareness that each is individually driven by an inner Continue reading
Management Concepts
Quick Start Business
A quick start business is one that you can implement and put into action right now. Do you want to start a business now that is going to start putting money into your account? You can find links, information and directories on this site that will lead you to the answers you have been searching for about a quick start business. In starting any business, you should form a business plan. A business plan is going to help you set goals. Set goals for your business that you can turn back to, that you can reflect about when you need to take action to expand and create additional sales for your business during the growing stages of business. Your quick Continue reading
What is a Business Plan?
“If you don’t have the road map, you really are putting yourself at a serious disadvantage.”– James A. Lowery Business planning tends to get treated as an academic exercise by many writers and consultants. They talk about such things as ”the planning process,” ”deriving a strategy,’’ ‘‘the organizational hierarchy,” and ”modeling approaches.” However, planning should not be viewed as an academic exercise. Entrepreneurs can enhance their chance of success by taking time to write a business plan. The process of thinking about your business venture and then articulating it on paper will assist you in thinking through how you are going to accomplish your goal. What is a Business Plan? Every business operates under a plan: the absence of Continue reading
Creating a Business Plan – Writing a Business Plan – Components of a Business Plan
Elements/Components of a Business Plan There are no substitutes for a well-prepared business plan, and there are no short cuts to creating one. Each business plan is unique and must be tailor made because each business is unique. So the plans are not cast in stone: Entrepreneurs may want to make alterations to suit the specifics of their business. The elements of a business plan may be standard, but how entrepreneurs tell their story should be unique and reflect their personal excitement about the new venture. Although building a business plan doesn’t guarantee success, it does raise an entrepreneur’s chance of succeeding in business. A business plan typically ranges from 25 to 55 pages in length. Shorter plans typically are Continue reading
The Need for Entrepreneurship
Entrepreneurship is the act of being an entrepreneur, which is a French word meaning “one who undertakes an endeavor”. Entrepreneurs assemble resources including innovations, finance and business acumen in an effort to transform innovations into economic goods. The most obvious form of entrepreneurship is that of starting new businesses; however, in recent years, the term has been extended to include social and political forms of entrepreneurial activity. The concept of entrepreneurship has a wide range of meanings. On the one extreme an entrepreneur is a person of very high aptitude who pioneers change, possessing characteristics found in only a very small fraction of the population. According to A.H. Cole, “Entrepreneurship is the purposeful activity of an individual or group of Continue reading
Ways to Overcome Resistance to Organizational Change
Change triggers emotional reaction because of the uncertainty involved, and most Organisational change efforts run into some form of employee resistance. Resistance to change can be overcome by education and communication, participation and involvement, facilitation and support, negotiation and rewards, and coercion and manipulation. Kotter and Schlesinger set out the following six change approaches to deal with this resistance to change: Education and Communication — Where there is a lack of information or inaccurate information and analysis. One of the best ways to overcome resistance to change is to educate people about the change effort beforehand. Up-front communication and education helps employees see the logic in the change effort. this reduces unfounded and incorrect rumors concerning the effects of change Continue reading