Business organizations are those legal entities that engage themselves in the production of a good or service with the intention of selling it for a profit and are much more focused on the long run survival in achieving organizational goals such as profitability, shareholder satisfaction, market share and share price growth, corporate governance, sustainability, market leadership and so on. However the modern conceptualization of the business organization as a paradigm that sets trends to be followed by societies in which they operate thus influencing the very behavioral dynamics of the members of those societies, is far more revolutionary and thought provoking.
It's common practice to construct contingency theoretical and conceptual management frameworks in controlled situations. Thus this framework would encompass a series of endogenous and exogenous variables such as management related conceptual paradigms - management process planning, Human Resource Management (HRM) function, leadership roles, work schedule preparation, quality management function, marketing planning and other related functions. The subsequent framework would engender a theoretically determined structure of aims thus bringing up and addressing related issues. McDonald's has adopted an admixture of employee motivation, organizational leadership and team effort building approaches at its culturally varied network of restaurants in North America and the rest of the world. ...Show more