Archive for the ‘business’ Category
Organization in a business
Role is the sum total behaviour patterns expected of a person in his activities involving other roles. For every recognized position there is an expectation widely shared by the members of the community of what should be the behaviour of persons who occupy that position.
Status is a position accorded to an individual in the social system. The coordination and control of the activities of the members of a society are achieved through systems of positions and roles.
Organizations are a human activity and, at the same time, it is a group of people. It exists because of an objective which it seeks to obtain effectively and efficiently
As a social system the organization comprises many interrelated subsystem or groups which include the administrative/ structural subsystems, the information/ decision making subsystem the economic technological subsystem, and the human social subsystem.
Human resource is important fro three related but different point of view. In its capacity as determinants of technology.
Entrepreneurs
Organizations have highly specific purposes. A school is set up for the purpose of educating students; a government bureau is set up to provide specific services to its citizenry; a firm’s purpose is to produce and market goods and services.
Specificity of purpose varies between and among organizations; some conglomerates put no limitations of the kind of goods and services they may do business with.
Organizations not only have specific purpose but they are organized to achieve these- hence the programmed activities. In a firm for example, raw materials are purchased, processed, and marketed to earn the firm a profit. Machinery is acquired, repaired, overhauled periodically for the same purpose. This specificity of purpose and of the means by which these purposes are attained is a visible and important characteristic of organizations.
Risks of ownership
The success of a business depends greatly on managerial effectiveness. If a business is well managed, an adequate income will likely be earned. From an adequate income, it is possible to pay all expenses and to earn a profit as well. If a business does not earn a profit, it cannot continue for long. An entrepreneur assumes the risk of success or failure.
Risk—the possibility of failure—is one of the characteristics of business that all entrepreneurs must face. Risk—which involves competition from other businesses, changes in prices, changes in style, competition from new products, and changes that arise from economic conditions. Whenever risks are high, the risk of failure is also high.
Businesses dose for a number of reasons. Thousands fail yearly for financial reasons. According to popular statistics, one out of every four to five businesses fails within three years, and about half cease operations within six to seven years. However, those figures indude firms that unaril1 go out of business, such as by selling to someone else or by adding more owners.
Attitude as a Human behaviour
Understanding attitudes. The importance and role of attitudes are stressed as central features in psychology, sociology and related disciplines in business management and administration. Almost everyone regardless of the nature of his occupation or industry is concerned with the concepts of attitude. Managers are interested in worker’s attitude as they might affect morale and productivity. We all have intuitive understanding of what attitudes are.
The inquiries are intended to reveal for assessment our mental set of inclination to respond in a certain way when a given situation or object is presented to us.
Positive attitudes are objects or ideas that we like and have tendency to acquire, such as money, diamonds, beauty, knowledge, industriousness, honesty, love for work. Negative attitudes are those we shun or dislike for they do not give any satisfaction.
Failure to Success
I made many attempts to “get organized.” They all worked for a short time, but ultimately failed. Honestly, I didn’t think I could change my habits. I thought that was just the way I was. New management came in and began their cluttering with me. I was on the street.
The full story is in my last book, but the short version is that after a finance divined that I loved my junk more than I loved her, I got help from a support group. So far, I’ve eliminated over a ton-and-a-half of clutter from my homes and home offices, been free enough to move four times in three years, and now live and work in two rooms. Sometimes my office is messier than I’d like (like right now, while I am in the middle of a big project), but it is never even close to what it was like four years ago. How neat is it? I could go back to that glass cubicle if I wanted to and no one would be ashamed to have me there. But I don’t want to.
The primary goal of business
The primary goal of business is to make a profit for the owners. Businesses cannot survive for long if owners are not rewarded for their efforts. Although profit plays a key role in our business system, businesses today also place a great deal of attention on another business goal—social responsibility. Social responsibility refers to the duty of a business to contribute to the well-being of society Because a community provides a business with certain resources and rights, th business has an obligation to aid the community in which it operates.
Many groups and individuals have a stake in a business. These stakeholders
—the owners, customers, suppliers, employees, creditors, government, the public, and other groups who are affected by a firm’s action—expect a business to be responsible and responsive to their interests. Such responsibility may mean a variety of things. Examples include donating money to flood victims, sponsoring an exhibition on Hindu art at local museums, providing scholarships to colleges for needy students, training gang members in job- related skills, and setting up day-care centers for employees’ children.
Thus, social responsibility on the part of business means an acceptance of a duty to contribute to the well-being of its stakeholders. It is often believed that a business has the resources to contribute to a community’s well-being, and good deeds also translate into favorable publicity for the business, which translates into more sales and profits. A large donation, for example, to support the construction of a new public swimming pool receives much attention on radio and television as well as in the newspapers.
Improving Health and Safety
In response to concerns over health, businesses operate wellness and fitness programs. A physically unfit employee is absent more and is less productive than a fit employee. As a result, many corporations encourage physical fitness by providing financial incentives to smokers to quit, health clubs for employee to exercise, counseling services where workers can receive support for stress or emotional problems, drug tests to discourage drug abuse, and rehabilitation programs for drug addicts and alcoholics. Employers thereby reduce medical costs. Corporations report that with active physical fitness programs in place, their life and health insurance costs on employees are reduced.
Two changes directly relate to the health of workers. One change safeguard the work environment by outlawing smoking; the second warns employees who are exposed to work conditions that could affect their health. The second change has caused firms to adapt equipment to a safe and comfortable work environment.
Entrepreneurs characteristics
Characteristics are distinguishing traits or qualities, like honesty. courage, integrity or punctuality. Entrepreneurs have many favorable independent characteristics which make them successful and extraordinary persons. However, their business success depends on realistic goals and hard work. Usually, goals are achievable if these are based on the abilities, interest and resources of individuals. The most important characteristics of entrepreneurs are Leadership. Entrepreneur is leaders by the very nature of their functions. They are people who are task-oriented. They are effective planners, organizers and implementers. And they are achievers. Qualities of essential leadership are being selfless dedication, with purpose and vision, they have courage and conviction. Leaders can be enthusiasm with integrity, tact and handwork.
Leaders treat their fellowmen like human beings. They respect human dignity, and are aware of other human needs like belonging, security, fulfillment and love. Entrepreneurs do not exploit their workers or employees. Instead, entrepreneurs promote the welfare of their employees.
Positive thinkers, Entrepreneur are positive thinkers. They think of success and bright sides. Such success consciousness leads entrepreneurs to success. There is nothing wrong within thinking and acquiring money and more money if it is used properly. Those who have plenty of money can satisfy their legitimate human needs, and be able to help others, especially the poor. There are many rich entrepreneurs who are actively engaged in civic and humanitarian projects.
Individuals who always think of failures and other negative thoughts get exactly what they think. Their failure consciousness or defeatist attitude gives them failure after failure. The poor became poorer because they think of poverty. While the rich become richer because thy think of wealth.
Decision maker. Entrepreneurs make decisions. They cannot avoid this. Being creative or innovative, they always make decisions on how to improve their products, how to create new markets, how increase consumer’s satisfaction or how to maximize profits. The success of their business depends on their ability to make the right decisions.