Managing People

Essay from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: A, Oxford University, language: English, abstract: The competition in the field of business has increased a lot and this is the reason why abusiness organisation needs to change its policies and procedures to run with the global flow.Due to the several consequences of the global crisis, each country faces sudden changes inorder to stay in the field of business. Change is the indispensable part of every business in thepresent scenario (Amigoni, 2009). The success or failure of a business organisation depends alot on the various factors including globalization, political and economical situations andsocio-cultural trends. Undoubtedly such factors not only give strong impact on the efficiency,productivity, profitability and ability of the organisation rather it helps to maintain changedenvironment. Every business organisation focuses on profit making while maintaining itsposition in the market. It is very important to manage people specifically to manageemployee in order to satisfy the financial demand of the organisation (Baldwin, 2008). Mostof the organisation in the recent era considers that the employees are the most importantassets. This is the reason why every organisation should focus on their policies, proceduresand managerial practices. It paves the path for an improved productivity, enough motivationwhile reducing profit margins. This is very important to manage people for the sake of theorganisation. [...]