Management Concepts

The Role of Strategist in a Business Organization

Strategists are individuals or groups who are primarily involved in the formulation, implementation and evaluation of strategy.   A strategist is like a root of an organization. In order to overcome the deadly traps in any organization a strategist must first think outside of the “box” and they must focus on both “forest and the trees.” They must need to concentrate on three aspects of human intelligence like Intellectual Intelligence (IQ), Emotional Intelligence (EQ), and Spiritual Intelligence (SQ).

The mind of strategist must try to decide when to do strategy and when not to do strategy, clear target markets, competitive advantage, 80/20 focus and alignment.… Read the rest

Abey Francis

Creative and Innovative Culture in Modern Organizations

Organizational Culture is an outcome of cultural processes at work in a particular setting and focuses on people and the shared meaning within them. An organization with a strong culture may find it difficult to adapt with changes. If they want to bring a culture of creativity then the organization may find it hard to cope with it. A strong culture will have people with commonalities and may lack diversity which is essential in generating new and different ideas. However, subcultures can exist in such organization with strong culture which may bring creativity as a result of diversity. Such divisions are responsible for giving a different option or a direction to the organization which can result to new frontiers.… Read the rest

Abey Francis

Managing the Innovation Process

Innovation in nowadays is the most important competitive advantage for a company. The future of many businesses depends on their ability to innovate, to be ahead of their competitors. Organisations have to go through a process of practice, mistakes and to bring together different knowledge, skills and ideas to manage innovation process to success.

The word innovation comes from the Latin word “innovare”, which means “to make something new”. Innovation is a deceptive thing. People usually relate it to a development of a new or better product or process, but it is only one part of process called innovation.

Innovation is a process, which has to be established in the company for continued enhancement.… Read the rest

Abey Francis

Importance of Innovation and Change within an Organization

In today’s constantly changing world, innovation and change play an extremely important role within any organization. New technologies like faster software and hardware and improved manufacturing systems are increasing production and changing the way we do business across the globe. Newly advancing markets are becoming more and more capitalistic, opening the door for corporations to come and do business.

There are multiple elements when dealing with innovation and change within an organization. The first element is how an organization can change successfully which consists of the steps that are needed and the process that makes change happen. The next element is technological change, which is how organizations adapt and implement new technology.… Read the rest

Abey Francis

Difference Between Morality and Ethics

Greek word ethos – stands for Ethics, ethos means custom or moral character. Morality originates from the Latin word moralis – manner or customs. Both these words deal with the manner or customs of the people in which they do things. The modern dictionary defines these words as the way people act – that can be either good or bad.

A set of agreed rules and the code of conduct within an environment that openly states what is acceptable and what is not acceptable within a society is referred to as Morality. The concept of morality changes with time and situation, this can explain as killing (murder) is an immoral act but in the state of war or in a battlefield killing, murder is allowed, so it be said that morality is synced with ethics.… Read the rest

Abey Francis

Why Integrity, Ethics and Core Values are Necessary in Business?

Today’s business environment faces many problems such as exploitation of resources, fraud, unfair trade practices etc. The basic reasons behind these problems are lack of integrity, ethics and core values in business. Integrity, ethics and core values helps to protect the interest of all stake holders, increase the goodwill of the company, earn more profit and minimize the regulations. So integrity, ethics and core values are essential for the survival of a company. So every organisation should have these qualities. This will bring many advantages to the organisations and will help to increase the trust of society and government in the company.… Read the rest

Abey Francis