The Mystery of Capital: Property Rights and Records of Ownership
The Mystery of Capital In previous articles, we discussed the concept of property and how the measure and nature of property rights have been developed over the last two centuries. This article examines a key aspect of the mystery of capital and how it is generated i.e. the concept of clearly defined property rights and […]
Negotiation Techniques
Negotiation is referred to as the style of discussing things among individuals in an effort to come to a conclusion satisfying all the parties involved. Discussions should be on an open forum for every one to not only participate but also express their views and reach to an alternative acceptable to all. It is important […]
Vulture Capitalism: An Introduction
The fall of American giants such as Sears and Toys R Us has brought the focus back on vulture capitalists. People react negatively when they hear about private equity firms who have profited off the misery of other weaker firms. This is the reason why they have coined a derogatory term for the companies. This […]
Great Leadership is about Initiating, Sustaining, and Carrying through Ones Vision
Leaders are Made and Need to Have Three Key Characteristics The cliche that leaders are made and not born signifies the fact that leadership and exceptional leadership at that can be within reach of anyone provided they do the steps needed for effective leadership right. To start with, leaders need a vision, which they can […]
Managing Stress during Crisis
Crisis refers to a sequence of unwanted events leading to major disturbances at the workplace. It triggers a feeling of insecurity and fear amongst the employees. Crisis causes major harm to the organization and poses a threat to its reputation and brand image. Let us go through various ways of managing stress during crisis: Once […]
Culture represents the beliefs, ideologies, policies, practices of an organization. It gives the employees a sense of direction and also controls the way they behave with each other. The work culture brings all the employees on a common platform and unites them at the workplace.
There are several factors which affect the organization culture:
Example - Organizations which hire individuals from army or defence background tend to follow a strict culture where all the employees abide by the set guidelines and policies. The employees are hardly late to work. It is the mindset of the employees which forms the culture of the place. Organizations with majority of youngsters encourage healthy competition at the workplace and employees are always on the toes to perform better than the fellow workers.
Market fluctuations lead to unrest, tensions and severely demotivate the individuals. The management also feels helpless when circumstances can be controlled by none. Individuals are unsure about their career as well as growth in such organizations.
Individuals working with government organizations adhere to the set guidelines but do not follow a procedure of feedback thus forming its culture. Fast paced industries like advertising, event management companies expect the employees to be attentive, aggressive and hyper active.
The management must respect the employees to avoid a culture where the employees just work for money and nothing else. They treat the organization as a mere source of earning money and look for a change in a short span of time.
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