Role of a Financial Manager
Financial activities of a firm is one of the most important and complex activities of a firm. Therefore in order to take care of these activities a financial manager performs all the requisite financial activities. A financial manger is a person who takes care of all the important financial functions of an organization. The person […]
An Introduction to Hedge Funds
The term “hedge funds” have become ubiquitous in the financial markets nowadays. This is a term which incites a strong emotional reaction from all market participants and observers. Some are of the opinion that these funds are evil and endanger the entire market with their reckless risk taking. Others are of the opinion that hedge […]
Determinants of Price Elasticity of Supply
Like price elasticity of demand, price elasticity of supply is also dependent on many factors. Some of these factors are within the control of the organization whereas others may be beyond their control. Regardless of the control, if the management has knowledge about these factors, it can manage its supply better. Here is a list […]
The Rise of the Knowledge Worker
Who is a Knowledge Worker ? A knowledge worker is one who uses knowledge as the capital for work and who uses brain power rather than brawn power to get the job done. In other words, knowledge workers “think for a living”. A knowledge worker is also one who uses creative thinking, out of the […]
E Marketing and Customer Relationship Management – Two sides of the same coin
Whenever one talks of E marketing strategy or plan, they normally include online selling, online promotions and advertising. However this could be a very narrow view or definition as applied to E marketing. Planning for Customer Relationship Management is as important as paying attention to online selling efforts. Let us look at understanding some of […]
An organization is a setup where individuals (employees) come together to work for a common goal.
It is essential for the employees to work in close coordination, deliver their level bests and achieve the targets within the stipulated time frame for the smooth functioning of the organization.
Every organization has certain values and follows some policies and guidelines which differentiate it from others. The principles and beliefs of any organization form its culture.
The organization culture decides the way employees interact amongst themselves as well as external parties. No two organizations can have the same culture and it is essential for the employees to adjust well in their organization’s culture to enjoy their work and stay stress-free.
Several models have been proposed till date explaining the organization culture, one of them being the Charles Handy model.
Charles Handy born in 1932 in Ireland is a well-known philosopher who has specialized in organization culture.
According to Charles Handy’s model, there are four types of culture which the organizations follow. Let us understand them in detail:
There are some organizations where the power remains in the hands of only few people and only they are authorized to take decisions.
They are the ones who enjoy special privileges at the workplace. They are the most important people at the workplace and are the major decision makers. These individuals further delegate responsibilities to the other employees.
In such a culture the subordinates have no option but to strictly follow their superior’s instructions.
The employees do not have the liberty to express their views or share their ideas on an open forum and have to follow what their superior says.
The managers in such a type of culture sometimes can be partial to someone or the other leading to major unrest among others.
Organizations where teams are formed to achieve the targets or solve critical problems follow the task culture. In such organizations individuals with common interests and specializations come together to form a team.
There are generally four to five members in each team. In such a culture every team member has to contribute equally and accomplish tasks in the most innovative way.
There are certain organizations where the employees feel that they are more important than their organization. Such organizations follow a culture known as person culture. In a person culture, individuals are more concerned about their own self rather than the organization.
The organization in such a culture takes a back seat and eventually suffers.
Employees just come to the office for the sake of money and never get attached to it. They are seldom loyal towards the management and never decide in favour of the organization. One should always remember that organization comes first and everything else later.
Role culture is a culture where every employee is delegated roles and responsibilities according to his specialization, educational qualification and interest to extract the best out of him.
In such a culture employees decide what best they can do and willingly accept the challenge.
Every individual is accountable for something or the other and has to take ownership of the work assigned to him. Power comes with responsibility in such a work culture.
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