Organization Change is a response of the organization to the various forces within and external to it. Organizations exist within a society and therefore respond to various factors like the economic, the political and legal framework as well as various socio cultural factors. An organization is like a system and is constituted of various sub systems. However what determines an organizations sustainable competitive advantage is its ability to accept change and plan for it. The two major factors, which can influence an organizations strategy and its ability to survive and grow, are: Business Cycles and Industry Life Cycle. Business Cycles Just as a biological organism grows and dies, organizations too experience life and death based on the overall economic activity. Continue reading
Modern Management Concepts
Organization Change Management Models
Change whether planned or unplanned occurs in all organizations and at all levels. Change is inevitable and thus today many organizations prepare themselves for change. However the successful organization recognizes and understands the fact that change is not only inevitable it is also required in order to grow and stay ahead of competition. Therefore such organizations plan and implement change. Planning and implementing change requires the expertise of  Organization Development experts who rely on certain models of change. Some of the popular organization change  management models, which have received attention globally, are: 1. Kurt Lewins Model of  Change Management One of the earliest models of planned change was put forward by Kurt Lewin in 1975. Lewin explained that organizations like Continue reading
Benchmarking Analysis
In a complex, dynamic, fast-changing environment, companies must strive for superiority in order to survive. Competitive edge cannot be achieved or maintained by setting goals based on past or even present performance. Benchmarking is a management practice that can be used to pursue excellence. It does this by identifying, comparing and emulating best practice wherever it occurs. Read More:  Benchmarking as a Strategic Business Tool Benchmarking is defined as a continuous systematic process of evaluating companies recognized as industry leaders, to determine business and work processes that represent best practices and establish rational performance goals. It is a search for industry best practices that lead to superior performance. It illustrates how good a company currently is in comparison to its Continue reading
Strategic Human Resource Management (SHRM)
Organizational concept behind the unstable climate of management has created a question mark in-front of organizational departments to act to the unstructured development plans. Every organization comprises of different departments who serves different work for the fulfilling the objective in a unidirectional manner. The scenario of revolution in the various fields of business has already taken the speed in the micro as well as the macro environment, which serves an indication towards the utilization of  skills. The needs of organizations are generally fulfilled by the different departments created by the organization. The hierarchy of organization creates an arena infront of  each one to stipulate themselves within that arena for their own flexibility. Organizational mission and vision shows the way to Continue reading
Case Study: Credit Card Attitudes and Behaviors of College Students
Credit cards have been very big business for several decades. The cards have made the life easier for many people because they do not need to carry large amount of cash for most purchases. However, the credit card industry is intensely competitive, highly fragmented, and growing at the rate of 3 to 4 percent. Many college students are living on the verge of a financial crisis. For this purpose many banks are interested to consider this assertion by examining college students’ credit card use behavior and attitudes. A concurrent purpose was to test the factors associated with students’ attitude toward credit cards. College students’ use of credit cards has recently received increased visibility throughout the media concluded that in addition Continue reading
Corporate Environmental Reporting
Corporate Environmental Reporting can be defined as a catch-all term that describes the various means by which companies disclose information on their environmental activities. It is important to distinguish between the terms environmental reporting and corporate environmental reports (CERs). Corporate Environmental Reports (CERs) are only one form of environmental reporting defined as publicly available, stand-alone reports issued voluntarily by companies on their environmental activities. Environmental reports can be considered a sort of small world where many crucial points in the relationship between a company and its stakeholders meet together. There can be said to be three categories of environmental disclosures: Involuntary disclosure – the disclosure of information about a company’s environmental activities without its permission and against its will. Examples Continue reading