Economic Man Or Homo Economicus Business Essay

Economic Man Or Homo Economicus Business Essay ancestry design is a term that is widely used in the commission of todays modern administrations structure as a strategy to increase their supportiveness and productivity. Daft, et al., 2010 It is primarily concerned with the process of prep aredness, setting up and organizing dodgingatic tasks at bottom the establishment according to the compositions ask and employees capability. In prepare for the strategy to be effective and efficient, management put the responsibility to their employees and explains how the implementation process of their organization work arrangement testament be in their management ashes. (DuBrin, 2008) realistic organization is an association that exists but push aside non be physically seen by the raw(a) eye. Its a concept that changed in line with the current vast developments. (Burn, J., et al., 2012) The virtual(prenominal) organization is very flexible and responsive because it does not necessar ily direct an office to operate but the existence of this virtual organization rout out be felt and experienced throughout the business process. Thurow (2011) states that business processes arouses to the networking system used along the production process which conducted virtually through the elan of communicating using electronic devices as the main tele talk form. match to Parker, Craig and Craig (2008), matrix structured organization has the advantage of giving the opportunity for the vizor management to develop their skills in conducting and managing project- base strategy as well as gaining experience. It also practices a decentralization decision-making system that encouraging improvements of employees egotism motivating direct as they have the chance to make decisions and act independently. ground substance structure organization also creates the flexibility of cross-communicating system in exchanging data and ideas among the team members from different departments which can helps on saving time and cost. ( Gido and Clemens, 2008) stove of command function as an organization system that showing how the available and management within the organization whole kit and caboodle in a systematical air to ensure efficient flow of work activities. It clarifies the organization reporting system between the subordinates to their superior which resulting as the unity of command. (Madura, 2007) match to Lunenburg and Ornstein (2011), it signifies the continues line of potential from the top passenger vehicleial position to the lowest levels of an organization that showing the distinctive status, roles, responsibility, and the rights inherit in varies positions of the organization itself. chief 14Maslows need possibleness consist of physiology needs, safety needs, fond needs, esteem needs and self-actualization needs. Each level must be completely fulfilled before moving on to the next level. (Robbins, 2009) Physiology needs refers to our physical needs. Safety needs are needs of safety and security. Both levels are the low-order needs that can be fulfil internally. The high-order needs that can be satisfied internally are the social needs that seek for love and affection, then the esteem needs that refer to the needs of self-esteem and lastly the self actualization which is the needs of adequate fully matured human. (Shajahan, 2007) straits 7Scientific management mainly focuses on the application of scientific method of study and also digest into a problem which occur during management. Scientific Management basically referring on understands what one wants his subordinates to do and see it to be done efficiently and effectively. (Sahni and Pardeep, 2010) According to Murugan (2007), among the principles of scientific management are Science not rule of Thumb, scientific training and development of workers, close cooperation between employees and manager, equal division of works and also responsibility, maximum prosperity of employer and employee and mental revolutions.Question 15Hackman and Oldhams occupation Characteristics Model consists of five feature such as skill mannequin which means variety increases when overcome new problems each day and implementing mixed skills in completing tasks. Secondly, task identity, where employees working performances is acknowledgeable. Third, task significant is where an employee contributes positive result to the company. Fourth, autonomy is where the employees are given the freedom in planning while carrying out tasks. Lastly, the feedback where there will be an evaluation on employees performance in order to improve any deficiency. (Daft and Marcic, 2010) The application of these characteristic may increase the productivity and produces more motivated and productive the employees.Question 13Montana and Charnov states the Expectancy Theory of motivation was proposed by master key Vroom, a business school professor. The surmisal is more on the idiosync ratic goal which focuses more on outcomes and their expectations while achieving it. (Jex and Britt, 2008) Employees are able to puzzle rewards according to his or her performance while working. The openings method will funding the employees motivated at all times as they hold their personalized expectations of the rewards. (Montana and Charnov, 2008) The expectancy of increasing effort by the employees will lead to the maturation of performance which will increase the productivity and positive result.Question 10According to Wright (2010), Hawthorne studies were first attempted by Elton Mayo showing how light source affected the employees working performance. But it shows that the physical conditions of the workplace do not influence the performance or motivation. In his finding, taking interest in all individual was enough to increase their work efficiency and output. Hence, the Hawthorne essay continues to show its result from time to time. Companies which value their emplo yees ideas and opinions will result a higher standard of achievement. (Wong, 2010) This will also increase the ability and self esteem of the employees. Thus, increase their performance and productivity while working.Question 12Montana and Charnov (2008), states the theory of X and Y was proposed by Douglas McGregor. In theory X, managers will assume that their employees are less ambitious, less responsible, dislike their hypothesise and prefer to wait for instructions rather than to lead a task. Managers with theory X are stricter and may threaten their employees to motivate them. But manager who holds the theory Y will assume that the employees are more responsible, involuntary to do work, more creative and self-directed. Thus, in theory Y the managers will not control much on their employees because they believe that employees are undecided to perform well. (Shermerhorn, 2011)Question 16The effectiveness of an organization internal communication can be improved through creatin g forum site on social websites such as Facebook and Twitter for discussion related to a matter. (Heath, 2005) Furthermore, any perceptions and ideas proposed by the employees should be considered and not being excluded in order to improve good relationship with other teamwork. future(a), employers and employees should also instill proactive attitude to ask when in doubts related to a matter in order to avoid conflicts and distorted message. Lastly, employees should be train on communication skills to improve their self-esteem and communicating potential. (Quirke, 2012)Question 5Public sectors are basically a bureaucratic government-based organization which normally focusing more on providing services to public rather than making profit. (Lienert, 2009) A simpleton example of a public sector organization is the government hospitals. The organization emphasizes more on accommodating the health service to the community by providing free to low-cost medical aid. However, privates sect ors are non-government owned organization and runs on the main motive on making profit. (Rees and Porter, 2008) For example, supermarket such as Tesco and Carrefour in Malaysia are operated by private enterprises and not the government.Question 6Planning stage is one of the functional approaches involved in the management process. According to Schwalbe (2006), it concerns activities such as setting goals and objectives of the work in an effort to keep it on track throughout the operation process. Next meter would be, create and considering relevant strategies to achieve goals effectively. At last, the final step is simulating plans to coordinate and objectify activities in various possible ways it can succeed. (Lewis, et al., 2006) Within this stage, it requires a lot of critically thinking creativity and ripe aspects from that individual to come out with a radical and quantum ideas.Question 9 carrefourism is a term that was named after an American entrepreneur Henry Ford which wa s the founder of Ford Motor Company. (Schhlosser and Simonson, 2009) Fordism is a school of thought of manufacturing that being conducted based on the Taylorism theory that emphasizes in machine and efficiency of employees working performance. Fordism doctrine aimed to increase the productivity and reduce costs by adjusting output, set the adroitness process in phases, and dividing the work into small tasks according to employees expertise. (Blyton and Jenkins, 2007) The effectiveness of the philosophy enables an organization to maximize their profit and performance.Question 11Personality is an authoritative matter that affecting a persons decision. It is developed through their education, ways of socializing and nurturing since they were a child.