The Organization of TomorrowEssay Preview: The Organization of TomorrowReport this essayWhat measures should be taken in order for a company to be classified as an organization of tomorrow? With the constant evolution of technology and ever changing consumer preferences it takes an organization tremendous effort to remain competitive. In order for an organization to stand the test of time there are three questions that always have to be answered “Where are we now? Where do we want to go? And how do we reach our goals? (Thompson, Pg 3) Answering these three questions effectively is the start of something good but it takes much more than having a plan. In order for a Corporation to be considered as an Organization of tomorrow it must develop a true strategic thinking process, be mindful of environments, technological changes, patterns and themes, and possess a strong employee environment.
To begin, there is little to be gained from developing a plan but a tremendous amount of momentum can gained from a well thought out strategic plan as well as the implementation of the plan. Strategic thinking helps an organization meet head on the challenge of building strategy. It helps an organization apply the latest strategic insights and approaches and accurately assess the competition in an industry.(Receiving an Executive Education, Pg 1) In addition, well thought out strategies followed by strong implementation can help make organizations more competitive and better equipped to deal with change within an industry. Strategic thinking examines a variety of options for growth, including alliances, acquisitions, and internal corporate ventures. These types of options for growth helps organizations do things such as get into critical markets quickly, accelerate the process of building a potent global market presence and gain inside knowledge about unfamiliar markets and cultures. Furthermore, alliances, acquisitions, and internal corporate ventures help an organization access valuable skills and core competencies as well as master new technologies.(Thompson Pg. 146) As a result costs are reduced, and market shares and profits are increased. (Gamble pg. 144) These are few of the many positive results of implementing a well thought out strategy plan within an organization. Managers must continually develop new ways to create and capture value in order to remain successful. A good strategy will help an organization along with this process. (Brickley, Pg 25-26)
Moreover, the ability to be mindful of environments, technological changes, patterns and themes can mean life or death for an organization. If an organization is not mindful of these things it will eventually die. For example, if a company decides to enter another geographic area and has not researched the tastes, preferences and needs of the target market in that area the effect can be disastrous. One example of this is displayed with the Wal-Mart Corporation. In an earlier Case Analysis I concluded that Wal-Mart has a strong presence in the international market but it could be much stronger. Wal-Mart is taking in consideration the customs and culture of other countries. Wal-Mart wants to push their way on other cultures not taking in consideration that adjustments need to be made from country to country. What is suitable in the United States is not always appealing in other countries. Wal-Mart inability to be flexible and adapt has hurt their sales tremendously in Germany which as a result has slowed their growth rate.
Furthermore, if a company wants to position its organization for tomorrow, it needs to tackle todays technologies and processes that generate resistance to change. Among the biggest challenges businesses face today is reducing the complexity of technology. Some say that technological change is the only constant in the business world of today. Technology is not just contained within the World Wide Web, computers or the Internet. Technology is integrated into all aspects of business. A few examples of uses of technology in the business world include teleconferences, automatic re-ordering of needed parts to sales presentations on laptops. An organization without the knowledge of the latest technology will be left behind. Companies that expect tremendous past performance to shield them from the forces of change driven by advancing technology will fail. Darwins Survival of the Fittest applies to businesses as much as it does human beings. (Brickley, Pg 11) An organization must be aware of the changing patterns and trends of an industry. Experimenting, improvising, and learning from past mistakes helps improve a companys outlook for the future. Reacting, anticipating and leading change are three ways to help ensure success. Industry leaders are proactive agents of change. (Thompson, Pg 124)
Furthermore a strong employee environment is vital if a corporation wants to be considered an organization of the future. Todays high velocity business environment makes increasing demands on managers and workforces, as competitive standards rise and expectations of individuals increase. Managers must respond positively to changes in contemporary workforce attitudes if they are to get the performance levels they need. In addition, good employee relations are not only desirable, they are necessary to help reduce absenteeism, avoid costly disputes and harness goodwill to achieve optimum performance, commitment and effectiveness. (Diversity in the Workplace, Pg. 1) Management and employees needs to increase efficiency, productivity and profitability. Another part of having a strong
an important role within a company may be through the provision of a high-value product or service. A high value company may also provide incentives and services for employees to contribute to improving the work environment. This is accomplished through a variety of ways. Employees can earn more or give up a smaller number of hours of work if a higher value offer or program or an investment in new employees is offered. But employees can also contribute to productivity improvements. A company can offer benefits, such as increased working hours, at a relatively reasonable cost, as long as it maintains a positive or competitive environment and provides opportunities for employees to feel valued without hurting the company’s long-term business mission. A small and well-functioning company can be an efficient company, too, but with an uncertain future. The management and employees also need to make the decision in a fast-paced, challenging environment, such as when to increase work hours, to change policies, or to shift the focus of work-related activity from their office to a more leisurely and organized work environment. This will be highly challenging, but in its application, management needs a strong work culture that will improve productivity and competitiveness. (Citation: Dutton, G. and S. D. & McNeill, W. (1995).[1] A Review of Career Evaluation and Training Standards in New York City. New York: Norton, ISBN 0-85-041054-6).
An Effective Man will serve as an employee’s guide and a guiding light in selecting a strong leadership position. Managers can learn and improve their management skills through practice and experimentation. It is crucial that managers and other managers give and receive feedback from their employees. This is very important for their success. The individual should feel valued and valued and able to contribute a greater deal to the company and ultimately the community. The individual should consider the role of the organization, its strengths and weaknesses, and the potential strengths and weaknesses of its members. In this way, the individual makes a contribution to the company and is valued and treated at a fairly high level by the company. The employee’s relationship with the company will be informed by the fact that he or she is working part-time and doing work in a time-based environment.[2] In addition, the person’s job responsibilities will often change after leaving the company. This affects how well the job is done in the workplace and in the community. Some managers want to employ certain employees with the same qualities that are used in other industries when they will replace others. However, to accomplish goals of growth in their company they should have strong job-based skills and respect for the individual’s work ethic. (Dutton, G. & S. D. and S. M. J. and C. J. Dickey. 2010)[1] Dutton, G. and J. and J. Dutton, E. S., A Look at Quality Informed Choice. Journal of Business Administration, 48:7, 1074-1085. [3] Dutton, G. & M. G. Davis, “The Role of Human Resources in Managing High Cost of Employment.” Journal of the American Institute for Economics, 92:14, 1548-1554