Take to the extreme, it is extremely important to understand and mange these contracts. Finally, the study concludes with the challenges associated with managing the new contract. Overall, in order to secure and retain a committed workforce, organizations should be aware of the change of the psychological contract and manage in the right way.
The idea of change is the most constant factor in business today and organisational change therefore plays a crucial role in this highly dynamic environment. It is defined as a company that is going through a transformation and is in a progressive step towards improving their existing capabilities. Organisational change is important as managers need to continue to commit and deliver today but must also think of changes that lie ahead tomorrow. This is a difficult task because management systems are design, and people are rewarded for stability. These two main factors will be discussed with reasons as to why organisational change is necessary for survival, but on the other hand why it is difficult to accomplish.
Management has to know the trends and make the necessary technology changes to keep the company competitive. Preparation and planning is key to the implementation of new technology. Managers have to be in tune with how the changes will affect the atmosphere within the company. Providing training and paying attention to the feedback from the workforce allows for a smooth transition. For a successful transformation certain criteria have to be met for the transition of change to the new technology.
Strategic objectives are long term goals of the organization. It helps the organization to convert its broad vision in some specific goals and plans in order to meet organizational success. Analysis of target market must be defined first before identifying competition accurately. After developing some competitive advantage, it will be daily challenged. To beat the competitors and meet the strategic objectives of the company, it is most important to identifying the new areas where there is an opportunity to flourish.
The movement from the traditional approach to the strategic approach requires a shift in mind-set of project teams and stakeholders. In order to promote project management as a strategic activity, the concept of project strategy must to be well understood, defined, articulated, and managed and continuously refined in a formal way. Each project team will have to select the right strategy at project initiation, make it compatible to the business strategy, carefully articulate the components of project strategy, adjust it according to learning feedback loops, and manage the project according to the specific strategic components. Finally, further research should be conducted to improve the concept of project strategy, making it more applicable to the dynamics of the modern organization.
In order for organizational change management to succeed in a highly competitive marketplace, it is important for organization to frequently figure out the need for introducing changes. Since organizational change management is more focused on the people side of management, one can decide how the goals will influence the person in reaching their greatest potential within an organization. So there are techniques that can be applied by simply making a chart, such as focusing on the possibilities of: 1) Directing one’s attention 2) Regulating one’s effort 3) Increasing one’s persistence 4) Encouraging the development of goal-attainment strategies or action plans. Using an approach like this might increase task performance making goal expectations more realistic. From information gathering and research, organizational change management is similar in a way that psychology explores people’s behaviors in the workplace by creating theories and set of principles to compliant with the o... ... middle of paper ... ... in.
1.1 Introduction The important decisions will be taken in building process at the initial stage in the project, sometimes even before the feasibility stage. Such decisions will significantly impact on the successful completion and also some optional ways frontward needed to be contemplated prior to go on board of the project. Moreover, selection of Procurement Strategy is one of the key important factors and the primary consideration in the choice of a procurement strategy should be prime objective to acquire overall value for money and resources throughout the entire life cycle of the service/facility (ARCHITECTS, Royal Institute of British, 2001) Construction procurement methods practiced in the industry have been subjected to change to meet contemporary requirements of the clients. Wide verity of factors affects the use and development of procurement systems in any construction industry. Thus, it is interesting to discover different systems being used in different instances and here the attention has been drawn to discuss the current procurement trends and the underlying factors that affected the change of procurement systems.
(Lussier & Achua, 2013) Since strategic planning is an important phase when initiating a change in the organization, people high in conscientiousness will be more committed in strategic planning. (Lawlor, n.d.) Being organized and thorough, leaders will be able to find and sustain competitive advantage by building core competencies so that the change can be effective and successful. (Lussier & Achua, 2013) In addition, the pros and cons of the change will also be thoroughly reviewed during the force field analysis - unfreezing phase. According to Lussier & Achua (2013), leaders believe in theory Y assume that given the right environment people are more willing to contribute to the organization’s success. This means that with proper planning, employees are more willing to accept the changes being implemented.
The article identified organizational leaders as being ultimately responsible for ensuring that people are properly prepared to perform and that this is critically important. A systems approach to training was introduced which forces organizations and managers to effectively plan the training and can be helpful in removing the causes of ineffective training. In further describin... ... middle of paper ... ...ss of the training for the employees. Conclusion In summary, I believe that readers will find this article to be very intriguing and enlightening as they analyze and examine each point made by the author. This is an important and noteworthy article that if taken into consideration by organizational leaders today will change their viewpoint on the effectiveness and priority of training their employees to improve organizational performance.
The risk management process needs to be flexible. Given that, we operate in the challenging environment, the companies require the meaning for managing risk as well as continuous improvement in identifying new risks that will evolve and make allowances for those risks that are no longer existing. Ongoing continuous improvement This is an effective practice to ensure continuous improvement for the companies with mature risk management environment are those who have invested resources over time and are well able to demonstrate. Question 3 Identify the elements and explain the “Risk Management Framework” in AS/NZ ISO 31000:2009. Risk management structure/framework is a series of elements and components which provide the platform, organisational