...Best Buy - The Importance of Organizational Culture and Change Organizational cultures that can be a liability to an organization include those that create barriers to change, create barriers to diversity or barriers to mergers and acquisitions. (Robbins, S. P. 2011) Organizational cultures are also good for change and revitalization of a company. This paper will provide background information on Best Buy and the ROWE (Results-Only Work Environment) Program. This paper will describe the culture of Best Buy. This paper will also discuss the approach to organizational change that the ROWE program illustrates. This case has sources of stress and this paper will discuss the sources that are apparent in the case. Changes have occurred and this paper will discuss whether the organizational culture has helped with the change. Describe the culture of Best Buy Best Buy’s culture has changed. The old culture embraced long hours. Managers rewarded those employees who were first in the building and the last to leave the building with tokens of appreciation. One employee earned a bonus and a vacation when he stayed up three days in a row to complete a report that was suddenly due. Yet, he was hospitalized due to the stress. The new culture revitalized Best Buy and changed how most employees view work. Employees thanked the organizers for allowing them to have a better home-work life balance. One employee was considering resigning after the birth of her child, but with the new...
Words: 1099 - Pages: 5
...SOAD DAHDAL AMERICAN INTERCONTINENTAL UNIVERSITY PRESENTING BUSINESS PLANS MGMT422 – 1202A - 02 ADVANCED ENTREPRENEURSHIP 04/22/12 Table of Contents I. Table of Contents……………………………………………………………….2 II. Executive Summary……………………………………………………………..3 III. Introduction …………………………………………………………………….4 IV. Business Description…………………………………………………………….5 V. Description of Proposed Product………………………………………………..6 VI. Definition of the Market…………………………………………………………7 VII. Organization and management descriptions………………………………….8 VIII. Marketing Strategies………………………………………………………….11 IX. Financial Management……………………………………………………………12 X. Appendixes…………………………………………………………………….12 XI. Plan Updating Check List………………………………………………………15 Executive Summary Find Your Gadget, Inc. is the name of the new S corporation I started to introduce my invention product “Ring – in Finder” to market. The industry is huge and the market is big and after researching the market, I found that there is a big demand for this type of product. Being difficult to fund the start – up my business; my best choice is to look for venture capitalists to adopt the idea and support my business financially and help me with the best management strategies advice to reach my goals and succeed with my venture. Convincing venture capitalists requires a solid business plan to be presented with...
Words: 3510 - Pages: 15
...The Effect of Organizational Culture The organizational culture is very important to every person, especially to someone that works in a professional environment. Recognizing and acknowledging a firm’s organizational culture, its benefits and weaknesses before starting employment is one of the most important necessities. This helps a person to find out if they might be a good fit for the company and if that company will satisfy their personal values and beliefs. For me, as a future accountant in the professional public firm, some of the most important characteristics are ethical values and their practices within the company. I am very interested in learning how ethical values promoted by professional accountants’ impact organizational culture, how organizational culture affects accountants’ ethical judgments and how espoused organizational cultures influence public accounting firms. To analyze and look deeper into these issues, I evaluated and studied the following articles: Daniela, Ţogoe Greti, Mateş Dorel, and Mănescu Dragotoiu Mileva Valentina. Impact of Ethical Values Promoted by Professional Accountants on the Organizational Culture. Annals of the University Of Oradea, Economic Science Series 22.1 (2013): 1280-1285. Douglas, Patricia Casey, Ronald A. Davidson, and Bill N. Schwartz. The Effect of Organizational Culture and Ethical Orientation on Accountants' Ethical Judgments. Journal of Business Ethics 34.2 (2001): 101-121. Holmes, Scott, and Stephen Marsden...
Words: 2222 - Pages: 9
...Assessment Task 2 : Group Report Organisational Culture Prepared for: Prepared by: Han Qiyong Jimmy Jin Jin Afiq Kerox Alex 28/2/14 Table of contents: Executive Summary Current Approach to Corporate Culture * Managers * Class Ceiling * Asdasd * Asdad * Asdasd Key Topic Concepts of Corporate Culture in ANZ Bank * Ethical Culture * Asdasd * Asdasd * Asdasdad Conclusion Scholarly Articles Appendix References Executive Summary The aim of this report is to discover, analyse and offer suggestions on the current Corporate Culture of ANZ and the bank industry. Through the report we will uncover how Corporate Culture is formed and how it affects the managers and employees of the organisation. Key elements that might affect corporate culture will be discussed and analysed in detail. Introduction to Organisational Culture Organisational Culture is a set of guidelines designed by the management to educate new employees and keep old employees aligned with the organisation’s goals. Corporate Culture is usually determined by the top management and briefed to the employees by the managers. The managers in turn need to become role models by practicing in theory and action the organizational values. The commitment in senior management to the culture is of utmost importance with rewards given out to employees who reinforce the organization’s values. However, Organizational Culture is like a double edged sword and can be used in...
Words: 2156 - Pages: 9
...Organizational Behavior Terminology and Concepts Jon Smith MGT/330 December 10, 2010 Mark Johnson Organizational Behavior Terminology and Concepts The environment within an organization is created by organizational culture, behavior, diversity and communication. Organizational behavior studies the human aspects of behaviors in the workplace by understanding individual and group behavior. Organizational culture guides the behavior of the employees through a set of shared values and beliefs. The cultures of an organization can be broken down into three categories, passive/defensive, constructive, and aggressive/defensive. Maintaining a constructive culture will embrace achievement, and humanistic-encouraging. Diversity is simply the differences in each individual based on race, gender, and ethnicity. The culture can play a part on how well diversity is received. Communication is just as important in an organization as the culture and behavior structure. The absence of communication will create a barrier between employees, hindering creativity, and disrupts the workplace culture. Organizational Behavior Organizational behavior (OB) is “the study of human behavior in organizations” (Schermerhorn, Hunt, Osborn, 2008, p. 5). Organizational behavior is devoted to understanding individual and group behavior, interpersonal processes, and organizational dynamics. The goal of organizational behavior is to improve the performance of an organization and its employees. Understanding...
Words: 809 - Pages: 4
...Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain in a global economy, organizations must...
Words: 3728 - Pages: 15
...Organizational Behavior MGT/307 November 15, 2011 Introduction Organizational Behavior (OB) is the research and function of understanding how people, individuals, and groups perform in an organization. The point is to apply knowledge toward enhancing efficiency in an organization. OB can create a healthier working relationship by including organizational culture, organizational behavior, diversity, and communication into the organization. Organizational Culture “Organizational culture is a shared set of beliefs and values within an organization” (Schermerhorn, Hunt & Osborn, 2008, Organizational Cultures, p. 11). Culture consists of the beliefs, standards, rules, and physical signs of organization associates and their behaviors. An organization culture can be determined by the display of equipment and what employees wear. Corporate cultures are coming to grasp that the greatest plans need organizational change to include structures and processes. According to McNamara (2000), organizational change efforts are rumored to fail the majority of the time. Usually this failure is credited to a lack of understanding about the strong role of culture and the role it plays in organizations. This is one reason that tactical planners stress on the important of recognizing values, mission, and vision. Strong culture exists because of the configuration to the organizational values. Weak culture occurs when there is little configuration with organizational...
Words: 969 - Pages: 4
...Week One Student Guide In week one, you study team and organizational communications, as well as review the connection between culture and communication. In addition, students examine virtual communication methods, group communication competencies, and team skills, Students discuss dealing with difficult team members and the role of conflict in group communication. This foundation is critical for students’ understanding of the concepts to be discussed in later weeks. This week, you discuss and define communications. Why might you communicate in teams or groups? Why might you communicate internally in your organization, or externally with vendors and customers or other external stakeholders? When might you communicate informally and formally? How does conflict affect communication? You begin to discuss how conflict affects communication and why you might adapt the form of communication to the recipient. Organizational Culture and Communication OBJECTIVE: Use the tools available to University of Phoenix students. Resources: Student website Content • E-Book Collection • Center for Writing Excellence located on the Materials section of your student website o Plagiarism Checker o WritePoint o Tutorials and Guides • Sample Paper • Writing and Style Guides • University of Phoenix Writing and Style Guidelines • Learning Team Toolkit o Learning Team Charter o Toolkit Essentials • University...
Words: 683 - Pages: 3
...Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain in a global economy, organizations must...
Words: 3753 - Pages: 16
...uk/ Culture for business: http://www.oracle.com/us/corporate/profit/opinion/050312-dhummel-1614961.html Organizational culture: http://blog.kevineikenberry.com/leadership/what-is-organizational-culture-anyway-2/ REASERCHER 1: Rita Kalaydjian * Importance of Culture for Business: Culture in general is set of principles that group of people follow and believes in, and in some cultures these people are against to change any of their beliefs. According to (Eikenberry, 2005) who mentioned in his article that organizational culture is how do we do things around here? What are the policies and procedures for this organization? And find answers to these questions by finding a person that can help you understand all these important things. As well as he said that understanding the culture of a company helps employees work better and achieve goals quickly and reduces time. As for the importance of culture to any business, each culture has a unique theme where it has an important impact on how this culture does its business. Good example of culture importance for businesses is Walt Disney, which is the largest American media and entertaining corporation, when it was launched in France it faced many problems due to language and different cultural issues. Here we can see that a business differs from culture to culture. You will face many more cultural and religious tribulations if you decide to open Disney in any Arabic country, for example Kuwait, Dubai… * Importance of Culture...
Words: 371 - Pages: 2
...behaviour] | | Table of Contents 1 Understand how organizational structures and cultures impact in the effectiveness of the organization 3 1.1 Analysis the characteristics of different organizational structures 3 1.1.1 Definition of Organizational culture. 3 1.2 Evaluate the importance of organizational culture theory in developing organizational effectiveness 4 1.3 Analyze the culture and structure of one organization and evaluate how they impact on its effectiveness 5 1.3.1 Tesco Structure 5 1.3.2 Tesco Culture 6 2 Understand how the organization can improve employee effectiveness to respond to business opportunities 6 2.1 Analyse how organization can facilitate innovation and creativity 6 2.2 Assess the importance of learning in organizations 7 2.3 Evaluate the effectiveness of team working 7 2.4 Analyse the effective management of change in organization 7 3 Understand organizational decision making 8 3.1 Analyse the approaches of organizational decision making 8 3.2 Assess approaches to risk and uncertainty in decision making 8 3.3 Evaluate the effectiveness of organizational decision in a specific organization 8 4 References: 10 * Understand how organizational structures and cultures impact in the effectiveness of the organization Analysis the characteristics of different organizational structures Definition of Organizational culture. Organizational culture can b defined in following manner. “The informal...
Words: 2988 - Pages: 12
...Organizational Behavior Organizational behavior is term that one does not hear often in day-to-day life. But organizational behavior is something that is seen and heard many times over throughout the work-day. The reason why one would see and hear organizational behavior but not be aware is because most people are not aware of what comprises the field of organizational behavior. This paper will cover the important terminology used in organizational behavior, the observable aspects of said important terminology and provide a brief analysis of the culture and behavior of Speedy Cash, a nation-wide financial services organization that provides payday loans to the general public. Important Terms and Observable Aspects There are four important terms in the field of organizational behavior. They are organizational behavior, organizational culture, diversity and communication. Organizational behavior is “a field of study that investigates the impact that individuals, groups and structure have on behavior within organizations, for the purpose of applying such knowledge toward improving an organization’s effectiveness” (Robbins & Judge, 2009, pg. 10). The observable aspects of organizational behavior would be the ethics used by employees, teamwork, IT usages, absenteeism, diversity of employees, turnover, and the importance of human capital. These are just a few items that can be witnessed within an organization. Organizational culture can be confused with organizational behavior...
Words: 1035 - Pages: 5
...Organizational culture is a type of organizational analysis that is believed to be borrowed from the field of anthropology. It was first described as an organizational unit of concern in 1979. Subsequently when culture and its relevance to organizational systems have been matters of academic and professional concern, many books and articles are written to define and describe the nature of organizational culture. There is however no single universally accepted definition exists as of to date. The term organizational culture generally is referring to the shared meanings. Beliefs and understandings held by a particular group or organization about its problems, practices and goals. SPi Global is one of the world’s largest and most diversified Business Process Outsourcing (BPO) service providers in terms of clients, geographic presence, and capabilities. We have defined the highest standards of excellence together with our clients for Knowledge Process Outsourcing (KPO) and Customer Relationship Management (CRM). The global team of over 18,000 dedicated BPO professionals made it possible. The organizational culture of SPi Global in Parañaque are the their values, behavior and artifacts includes an organization’s expectations, assumptions, experiences, philosophy, and values that hold it together and is expressed in its self – image, inner workings, interactions with the outside world, and future expectations. It is based on shared attitudes, beliefs, customs, and written and unwritten...
Words: 723 - Pages: 3
...9-11/4/07 in RoC Going for Gold ~ Best Practices in Ed. & Public Paper # : 07-08 Page- 1 /7 Challenges of Intercultural Management: Change implementation in the context of national culture Prof. Taina Savolainen School of Business, Management and Leadership, University of Joensuu, Finland taina.savolainen@joensuu.fi ABSTRACT This keynote address considers change implementation in the globalizing business environment in the context of culture. Organizations seek ways to cope with new situations in order to survive and be competitive. The primary strategic challenge in multicultural change processes is managing and implementing change successfully. The paper discusses the means of creating readiness for change and challenges they present to intercultural management. Keywords: Change, coping, culture, intercultural, implementation, middle management, readiness 1.0 Introduction Sustaining competitiveness force business organizations to adapt major changes and seek strategies that may be realized in varying, different cultural environments. This presents challenges to multicultural management, in general, and change implementation processes, specifically. Change implementation does no more concern organizational culture only. It is also dependent on understanding different national cultures and having behavioural skills accordingly. Organizations face, thus, constant challenge of change in management (Ascari, Rock & Dutta, 1995). Economic and social forces create a necessity...
Words: 3836 - Pages: 16
... Topic: Organizational culture and performance of a firm: knowledge management and environmental uncertainty as factors related to the above two variables. Name: Lee Man Ho Student ID: 13086927D Date of submission: 31 Oct 2014 1. Introduction Organizational culture refers to common practices, values and beliefs that an organization follows (Chen & Huang, 2007). It is a source of sustained competitive advantage (Barney, 1991) since it is an explanatory variable that differentiates one company from others (Sathe, 1985). As employees have their own values and beliefs, it may be difficult for leaders to manage them well as a whole if the company does not have methods to direct them into the same path. Therefore, the existence of organizational culture could be one of the outcomes resulted from this. Among different types of culture and performance, I particularly have interest in the relationship between adhocracy organizational culture and financial performance of a company since there is only little research discussing their relationship and it is essential to an organization. In this essay, I will examine how financial performance of a firm is affected by knowledge management under adhocracy organizational culture and how will environmental uncertainty affect the operation of the culture and financial success of the company. First, I will briefly illustrate the meaning of Adhocracy culture and propose the method I...
Words: 3067 - Pages: 13
