Wednesday, December 28, 2016
Literature Review on organizational structure, management, leadership, economics, government, law, value creation, and career skills
Developing a literature review ensures that many sources are compared and contrasted for the best plan of action or strategic plan. Cross checking with many different sources ensures that the work is of top quality and leaves no gaps in knowledge. Inductive reasoning was applied in order to forecast the most likely outcome out of the different sources of material found in regards to organizational performance, value creation and career skills management coming up with solutions to commonly found problems in organizations.
Roles that structure, management, and leadership play in organizational performance.
Organizational performance must be ensured within an organization through structure and management. Using transformational methods of management, in which a leader or manager interacts with the employees in a continuous work setting has been found to have a positive effect in organizational performance versus a transactional style of management where a manager or leader leverages rewards and punishment (Spahr, 2014)as a method to drive organizational performance (Felfe & Schyns, 2004). Transactional leadership is essentially a way of telling people what to do, rather than sell them on what to do through encouragement and incentives (Spahr, 2014). Implementing methods of information management are beneficial within a virtual organization as it allows for the documentation of performance and ensures that all metrics are being met in an organizational level (Strader, 1998).
Essentially, coming up with ways to motivate employees through transformational, rather than transactional management can help drive performance. Ensuring that methods of management are right for the type of organization can also help increase performance and create a better environment for everyone involved.
Economics, government, and law affect value creation in the global context.
Creating value is a difficult part of business management; daily businesses struggle with creating differentiators or value added services to their business to keep their clients. Ensuring that the clients have the best experience possible, that the businesses have a differentiator and that it provides benefits to the clients are some of the things that an organization can do to ensure that the customers see value in the products or services that are being provided to them (Rocca & Snehota, 2014). In addition, value creation can be seen in things such as, management of strategies and goals, financial measures and waste eliminators which lead to better organizational performance overall (Hillstrom, 2004). Essentially, providing a manner for improvement overall and ensuring that growth occurs over a long-term basis (Hindle, 2009).
Career skills in the field of business and management
Guidance and training in a business environment has been found to increase morale, reduce supervision and increased productivity in a variety of businesses. Without training, organizations create ambiguity that impact all aspects of the organization and makes it less profitable in the long run (Management Study Guide, n.d.). In addition, training instills confidence in the employees, giving them the necessary push to do what they are doing in a better way knowing that they are educating the client and providing them with the best possible service available (Johnson, 1997). In addition, creating a rigid training course for a business position, allows the employers to set expectations and thus drive results in a more direct form and allowing employees to ease into a role (Dale Carnegie Training, 2016).
In conclusion, implementing a transitional style of management, instilling training programs and creating value creates a better organization overall. An organization that is better able to tackle and implement the necessary changes and meet objectives on a consistent basis through the use of motivation, confidence and necessary skills acquirement.
Dale Carnegie Training. (2016). Why Training Is Important to Employee Engagement. Retrieved from Dale Carnegie Training: http://www.dalecarnegie.com/why-training-is-important-to-employee-engagement/
Felfe, J., & Schyns, B. (2004). Is Similarity in Leadership Related to Organizational Outcomes? The Case of Transformational Leadership. Retrieved from Available from ABI/INFORM Collection.:
Hillstrom, L. C. (2004). Value Creation. Retrieved from Reference for Business: http://www.referenceforbusiness.com/management/Tr-Z/Value-Creation.html
Hindle, T. (2009). Value creation. Retrieved from The Economist: http://www.economist.com/node/14301714
Johnson, T. (1997). Gaining the executive edge. Black Enterprise, 27, 103-107. Retrieved from Available from ABI/INFORM Collection.:
Management Study Guide. (n.d.). Training of Employees - Need and Importance of Training. Retrieved from Management Study Guide: http://www.managementstudyguide.com/training-of-employees.htm
Rocca, A. L., & Snehota, I. (2014). Value creation and organisational practices at firm boundaries. Retrieved from Available from ABI/INFORM Collection.: http://www.emeraldinsight.com/doi/abs/10.1108/MD-04-2013-0229
Spahr, P. (2014). St. Thomas University. Retrieved from Transactional Leadership: http://online.stu.edu/transactional-leadership/
Strader, T. J. (1998). Information infrastructure for electronic virtual organization management. Retrieved from Science Direct: http://www.sciencedirect.com/science/article/pii/S0167923698000372
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