The Success Of An Organization - 1646 Words

The success of an organisation includes the use of unique strategies and effective decision-making to promote the business effectively which increased the growth of the company to the industry and economy. Through competition, companies have gained advantages to outgrow their product by using strategic plans and critical decision-making which leads to attracting as many consumers as possible than their competitors. Organisations compute the success of the company in unique ways and varies from different industry to another. In order to gain goal development, a company must conduct research studies and plans to achieve a unique set of tactics in where no other company has done or gone through. This means that competitive advantage is highly needed in a certain business in order to put it in a beneficial or superior business position. There are huge possibilities a company could interact wisely with the consumers. Samsung has demonstrated low price ranges, new features, and producing s ustainable products that could achieve competitive advantages. Competitive advantage is developed in the company of Samsung mainly from the demands of the new generation of consumers to sustain their everyday needs and activities which help improves their everyday lives. Smartphones are phenomenal and widely influences this generation. The Korean Manufacturer, Samsung Electronics Co. Ltd., is a one of the leading digital technology company and telecommunication around the world. The company wasShow MoreRelatedThe Success Of An Organization1360 Words   |  6 PagesThe success of any organization can typically assessed by the financial figures that estimate the expense and income generated yearly. Most analysts place a tremendous importance on Earnings generated by a business. It is usually the earnings that motivate the value of stocks. Managers are therefore constantly under relentless demand to keep the profits rising to keep stockholders content and avoid takeover attempts. Cost is, therefore, a significant interest as top-level directors, who are regularlyRead MoreThe Success Of An Organization994 Words   |  4 PagesThe success of an organization is driven by the employees. Leaders have to be able to deliver their vision and work with their teams to achieve those goals. It has been proven that teams deliver better results than individual employees, therefore, leaders must work with their teams to ensure that they develop properly and mature over time. To make sure a team develops properly, leaders must follow the stages of team development which are: forming, storming, norming, and performing (Abudi, 2010).Read MoreThe Success Of An Organization1159 Words   |  5 PagesThe success of an organization depends greatly on effective roles of management. Vital roles of management include effective planning, expert organization, exceptional leadership and the ability to control and maintain an efficient productive environment. Mangers must be conscious of the organizations culture due to constant changes in the external, internal and global environments in which they serve. A manager’s ability to effectively carryout essential managerial tasks depends heavily on an organization’sRead MoreThe Success Of An Organization1853 Words   |  8 PagesThe success of an organization is highly influenced by the capabilities of the manager in charge. Managers have become the backbone of any successful company since they understand the needs of the company and can bring new ideas to upper management. Although, the manager does play a huge role in the organizations success it is also up to the organization to properly train their managers. Poor training can lead to hostile work environments as well as a lack of communication between the employees andRead MoreThe Success Of A Healthcare Organization835 Words   |  4 PagesThe success of a healthcare organization is governed by the many qualities and attributes its leaders possess when overseeing patient care. Such care, whether executed at the micro, meso, or macro level, can be beneficial to an organ ization or result in the failure when change is inappropriately addressed. Leaders, by using their knowledge and expertise, must promote care throughout all the numerous levels of management that is a replication of bureaucratic thoughts and principles or one that isRead MoreOrganizational Success : An Organization963 Words   |  4 Pageshas been institutionalized in today’s society regarding organizational success. For a company to excel, it must strive to grow at all cost. In the short run this is applicable, however in the long run the concept of growth can lead to a decline. To remain competitive within in the market, it is essential that the company strategically plans this expansion without omitting any of the primary or secondary entities of an organization. Knowing how to manage growth, whilst standing by initial official goalsRead MoreEssential For Their Success : An Organization2874 Words   |  12 Pagestheir success. Skilled managers or leaders have the abilit y to read situations from different perspectives in order to understand and manage an organization. This art of reading and understanding organizational life are based on different theories of metaphors that enable management and organization to improve productivity. Organizational life is explored in the form of different metaphors and these metaphors would further explain how management can see, understand and manage organizations in a moreRead MoreThe Behavior And Success Of An Organization2140 Words   |  9 PagesThe behavior and success of an organization is fluid and requires looking at its characteristics in a variety of ways. Managers and leaders must be flexible and willing to adjust and change as situations and environment change. Bolman and Deal (2008) have identified four frames that an organization’s leaders can use to strategize in taking the organization from one level to the next, while still remaining true to its employees, mission and values. These fra mes are: Structural, Human ResourcesRead MoreAn Organization s Success And Competitiveness1319 Words   |  6 PagesA motivated workforce is an important aspect of an organization s success and competitiveness in an industry: however, I find that companies are going to realize that keeping a workforce motivated will not be an easy challenge. Furthermore, every employee in an organization is different and not all employees are as motivated or driven as their peers. The challenge for organizations is to figure out what employees want and value because not every employee values the same concepts. First, I’ve learnedRead MoreCritical Success Factors Of An Organization1238 Words   |  5 PagesCritical success factors are generally essential activities or elements that allow an organization to achieve its objectives and for current and future operations. Some of the critical success factors of business could be as follows: †¢ Reductions in employee turnover and increase in employee retention. †¢ Increasing satisfaction percentage in employee engagement survey. †¢ Improved ratings for training and development. †¢ Increase revenue per man-hour †¢ Improved performance appraisal system by KPI