Curious Observation – First Step in Decision Making Process
February 12, 2025
It is common practice for businesses to prepare financial statements. This is because they need to get these financial statements audited. Once these statements are audited and found to be correct, they become an official record that can be used in loan applications as well as for tax purposes. However, since individuals do not need […]
Facebook is one of the largest social media firms in the world. The Facebook family of apps, i.e. Facebook, WhatsApp, Instagram, and Messenger are used by over a billion people from all across the world. Most of these services have been in operation for over a decade. All these services seem to function seamlessly almost […]
The Eurobond market is one of the largest debt markets in the world. It comprises a large portion of the debt which is issued by multinational companies as well as governments. It is therefore important for any student of fixed income securities to be aware of what Eurobonds are. The fact that these bonds are […]
Canada is a developed western nation. It does not get nearly as much attention in the world media as it should. This is the reason why Canadian housing market is not being displayed in the news by the mainstream media. Right now the market is going through an incredible bull run. The prices are rising […]
The sub-prime mortgage crisis and the credit freeze are often spoken about in the same breath. In fact, the layman would believe that both these words actually refer to the same event. However, that is not the truth. The subprime mortgage crisis played out in the bond markets whereas the credit freeze played out in […]
An organization is a setup where individuals from diverse backgrounds, different educational qualifications, varied mentalities and temperaments join hands to work towards a common goal. It is the culture of the workplace which unites all the employees, help them enjoy their work and deliver their level best.
The values, policies, ideologies and beliefs of an organization form its culture. The culture of any work place decides the way employees behave with their fellow workers. The employees are the assets of an organization who must contribute effectively to achieve the targets within the desired time frame.
One should not treat his organization as a mere source of earning money. It is essential for an individual to prioritize his work over other things. The employees must have a cordial relation with their superiors and the management for smooth flow of information and better understanding at workplace. Transparency is essential at all levels in the hierarchy to avoid conflicts and unnecessary disagreements. No one should feel neglected at work. Problems arise when queries remain unattended and bosses do not have time for their team members.
To avoid the above situation, organizations have introduced a policy named “Open Door Policy”
According to open door policy, the doors of the offices of superiors or the management (including the CEO) must remain open for the employees to have an easy access in cases of queries. The team members should have the liberty to walk up to their team leaders and discuss issues with them on an open forum.
The role of the managing director, chief executive officer or the chairman is not just to sit in locked cabins the entire day and shout on the employees; instead they should act as a strong pillar of support for them. A healthy interaction amongst the employees is essential for a positive ambience at the workplace. The management must address the employees from time to time to motivate them and expect the best out of them.
With the help of the open door policy, the employees do not crib amongst themselves, rather talk to their superiors, clear all their doubts and look forward towards a long term association with the organization.
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