Foundation of Business Assignment Sample

Introduction - Foundation of Business Assignment

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It has been analyzed that well defined decision making aspect of the business is a challenging aspect for the companies. However making restrictive knowledge may lead to ineffective consequences for the business unit which has negative impact on business growth and development for the organization. Lastly bureaucratic approach has limits the information flow within the business in an effective manner. Due to a rigid structure flow of vital information is highly restricted for the business unit which may result in reducing the efficiency in the decision make process of the firm. Hence it can be said that though bureaucratic approach helped in developing a well defined aspect of formal system of business management however the application of the stated process has become obsolete for current business needs (Dioguardi, 2010).

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Barnard gave an effective theoretical perspective regarding common moral purpose of the business which helps the company in attaining effective and well defined business objectives. The analysis of the theory regarding internal and external perspective factors is valid significant for every business unit to understand. As per the theory a business unit must invest effective time and resources to maintain the balance between the employee needs and demands in the market. Evaluation of employee need is significant for business growth and development. This helps the company in creating a well defined and high impact on organizational development (Elger and Smith, 2010). The analysis of the evaluation reveals that the tension between employee internal and external needs must effectively determine and attained. The moral purpose thus focuses on an approach of attaining the common objectives of the firms. However it has been analyzed that business objectives are the broader perspective analyzing individual needs of the business unit a challenging business aspect this results in focusing on effective output to employees by developing effective motivational techniques. As per the theory a business unit must invest effective time and resources to maintain the balance between the employee needs and demands in the market. The motivational techniques such as financial benefits, fringe benefits etc are effective adopted by the approach (Scott and Davis, 2015). Author mentioned that company must adopted non financial measures such as promotion, increment in business growth. Thus it can be clearly analyzed that application of the stated model is a difficult task for the present file. This creates an ineffective business growth impact on every organizational aspect within the market. the common moral value is an effective theoretical aspect of the business however implementing it in actual business performance is significantly difficult task for the business.

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The organizational process has transformed widely from a rigid formal structure to current flexible means of working (Bezzina and Burford, 2010). The transformational process of the business always poses a significant challenge for the business operations and improvements as well. Different paradoxical needs has been analyzed and adopted by different firms in the market. Case of Fordism has reflected that non transformation made the business uncompetitive within the market as it faced significant market competition from the small businesses. The company transformed the business operations in order to manage its competitive position in the market. this helped the business unit in developing a significant and well defined impact on the growth and development of the company (Bosco and et.al., 2010). The business objective of the company was to enhance the quality aspects however single focus lead to increase the overhead business cost which again effected the overall business operations. The evaluation of the same revealed that the business objectives of the company demanded multiple factors to manage the market competitiveness. Economies of scale and scope are few common attributes which a business demands in order to meet effective and well defined growth measures in the market. It has been analysed that businesses adopt the process to focus on one business objective which creates a conflit between the other objectives. For example Foirdism focused on producing standard product of high quality which increased the cost of the business. This aspect created an insignificant business impact on the organization however adopting of lean management system by Toyota led to effective and significant results (Etzioni, 2010). Thus it can be analyzed that managing balance between different organizational objectives is significant for the business. A company must seek fro the equilibrium position which may lead to economies of scale and scope. Every demand of the business unit means a competitive edge in the market.

Refrences

Alvesson, M. and Willmott, H., 2012. Making sense of management: A critical introduction. Sage.

Anheier, H.K., 2014. Nonprofit organizations: Theory, management, policy. Routledge.

Bezzina, M. and Burford, C., 2010. Leaders transforming learning and learners: An Australian innovation in leadership, learning and moral purpose. Global perspectives on educational leadership reform: The development and preparation of leaders of learning and learners of leadership, pp.265-285.

Bosco, S.M., Melchar, D.E., Beauvais, L.L. and Desplaces, D.E., 2010. Teaching business ethics: The effectiveness of common pedagogical practices in developing students' moral judgment competence. Ethics and Education, 5(3), pp.263-280.

Dioguardi, G., 2010. The Production Pole: From Fordism to Toyotism. In Network Enterprises (pp. 51-59). Springer New York.

Etzioni, A., 2010. Moral dimension: Toward a new economics. Simon and Schuster.

Hatch, M.J. and Cunliffe, A.L., 2013. Organization theory: modern, symbolic and postmodern perspectives. Oxford university press.

Scott, W.R. and Davis, G.F., 2015. Organizations and organizing: Rational, natural and open systems perspectives. Routledge.

Watson, T., 2013. Management, organisation and employment strategy: New directions in theory and practice. Routledge.

Elger, T. and Smith, C. eds., 2010. Global japanization?: the transnational transformation of the labour process. Routledge.