StudentShare solutions
Triangle menu

Assessment 1 - Essay Example

Nobody downloaded yet

Extract of sample
Assessment 1

In the view of Doran (1996), the main container of this asset is the human resource or more precisely, human capital of the organization. Thus, retaining the human capital with organization and maintaining its efficiency is equally important. In this context, the issue of context management becomes highly significant.
According to Mondy (2007), besides retaining the employees, it is also essential that the employees must be able to utilize knowledge asset possessed by him to achieve the organization's strategic objectives. It is general belief that when the strategic objectives are developed and the vision is clear, the approach of using the organizational hierarchy to develop and translate those strategies into action works well and result into optimum performance. In order to understand this phenomenon, we need to understand the basic concepts one by one. First of all, let's look at the concept of strategy formulation. (Ceriello and Freeman 1998)
Every business has a common goal, which is to earn profit. In order to achieve this goal, the organizations analyze their environment and in the context of their environment, determine their own strengths, weakness, opportunities and threats. Based on this analysis, they formulate their own strategy. Usually, the process of strategy formulation is hierarchical in nature. ...
(Jackson and Mathis 2007) The hierarchical approach to the strategy formulation is not the panacea, having cure for all the diseases. Rather, there are certain conditions when this activity of hierarchical translation of is fruitful, while at other points it is not. (Fisher, Scheonfeldt and Shaw 1987) The hierarchical approach is more successful when the management has a clear vision of the direction, that where does it want to go. In such case when the top management, say the CEO makes some strategic objective. (Duncan and Dutton 1987). If the external environment of the organization is almost static, and the CEO is well aware of the external environment, in such case taking a direct decision by the CEO and then transcendence of that decision down the hierarchy may result in higher performance. It is so because of the fact that it is assumed in such case, the environment is quite known t everyone in the organization. So what needs to be done is to tell them the strategy and they would be able to do it successfully. This all results in successful work performance. (Doran 1996) Awad and Cascio (1981) explains that this is the reason why it has been a common established belief the condition where the environment is known, the performance of effectiveness of the organization to achieve those goals increase manifolds. On these bases, it is asserted that performance tends to improve when everybody in the organization knows where it is going, as hierarchical strategy formulation model works better. (Ceriello and Freeman 1998)
However, the world is now changing. The environment for the businesses is no more static. The world is moving too fast, so does the environment for the business. In this situation where ...Show more


Proponents of performance management assert that the hierarchical approach to strategy formulation and implementation worked well when the management had a clear vision of the intended direction. The changing business environment has brought pressure to bear on many organizations and in the process, upset the delicate balance that previously existed.
Author : johnstongregori
Assessment 1 essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Assessment 1"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Within the country, different areas have unique climates and weather conditions (Pike, 2002: p.334). Australia has a population of about 20 million, of whom a small fraction are indigenous people.The
4 pages (1000 words) Essay
Assessment 1 The Report supply chian magement (SM2038)
Blanchard (2007) found efficiency and competence as the key factors of a successful supply chain management process. The main activity included in the process of supply chain is the conversion of raw materials and components into a final product. Supply chain management
6 pages (1500 words) Essay
Assessment 1---accounting for decision making
Quick ratio only includes current assets which are readily converted to cash and hence excludes inventory. It indicates the liquid assets a company has to repay its short term debt. A company has a good liquidity position if it has a high quick ratio. The
5 pages (1250 words) Essay
Working with the same decision as for summative assessment 1, the student is required to critically analyse the influences on the decision making process/outcome for the chosen decision, considering 3 of the influences on the decision making process
On a practical note, decision making involves identifying all possible choices of solution, analyzing the pros and cons of choosing each decision and finalizing on the appropriate one. The choice of appropriateness is further befuddled by number of other aspects. The perfect
10 pages (2500 words) Essay
RM Assessment 1 - Critical Revise (marketing)
(2000) Since service purchases are considered more risky than product purchases, Bansal and Voyer investigated the processes involving WOM in a service purchase
8 pages (2000 words) Essay
Urban and regional planning, development assessment unit, Assessment 1 - Theoretical essay
However, it has been proved that the use of certain frameworks and schemes can help towards the improvement of the performance of urban planning even if the characteristics of the above process are not fully explored – a task that would require a significant
8 pages (2000 words) Essay
Property Law Assessment 1 Formal Legal Advice
P. 41). An issue may arise where one may want to transfer their shares to another person since they are not registered. There is no evidence of a documented agreement between them. 1 3. Leo cuts his finger and develops a dangerous disease while cleaning the
6 pages (1500 words) Essay
Unit IV Assessment#1 Biomass Exposure
The authors’ objective was to ingeniously inform that people use biomass although they know that it is detrimental, not because they fancy it but are forced by their financial positions. It
1 pages (250 words) Essay
Unit VII Assessment#1 Gaussian Plume Models
(Nieuwstadt and Dop ,1975). Examples of Gaussian models include Parsimonious Gaussian Mixture Models and Latent Gaussian Models which includes Factor Analysis Model. Other models that have
1 pages (250 words) Essay
Management and development of people assessment 1
Finally, managers evaluate and choose among the alternative courses of action. The first three steps in this model represent problem-solving while the last two involve decision-making. Managers are required effectively to address the problems that require
5 pages (1250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us