Theoretical Analysis - The 21st Centy Organization Assignment

Theoretical Analysis - The 21st Centy Organization - Assignment Example The three articles: Why Few Organizations Adopt Systems Thinking by Ackoff; How to be a truly global company by Prahalad and Bhattacharya; and Putting Organizational Complexity in Its Place by Birkinshaw and Heywood, are highly relevant as they provide a huge insight into the factors that are having an impact on organizations in the 21st century. Three reading that are interesting Ackoff (2005) in his article is distinct in its philosophy that system thinking is vital ingredient of organizational success or its failure when it is not part of organizational strategy. According to him, there is a distinct lack of dynamic decision making that takes into account the changing environment and organizational management’s willingness to learn from its failure or wrong decisions. These are important factors because organizational culture does not allow failures thereby not only restricting creativity within organization but also failing to take risk that could provide the organizations with competitive advantage. It is important that one takes the risks and commits mistakes and learns from it. System thinking broadly encourages responsible decision-making and allows its workforce to err in order to make a successful decision next time. In the contemporary environment of competitive business, new challenges need to be faced with equanimity and as new opportunities of growth. Prahalad and Bhattacharya (2011) have given important clues to become a global company with success. They emphasize that organizational restructuring greatly helps to inculcate trust in the stakeholders across the globe. Meeting local demands through customization of products and using local resources is very important for business to gain the trust of the local people where they are doing business. McDonalds’ has customized its products to suit local requirement across its global outlets. Exploiting local talents and cultural competencies become the highlight of truly global companies which thrive on global competitive businesses. Globalization has given a big thrust to industrialization and development through expansion of business across geographical boundaries. In globalization, inter-dependency of resources has become a reality. Thus, flexible approach and acting local with global vision provides the individuals and organizations with greater leverage to compete and gain leverage. Birkinshaw and Heywood (2010) have raised very pertinent issues of organizational complexities within and outside its offices across different geographical areas which emerge due to changing dynamics of business environment in the 21st century. The outdated business processes, ambiguity in roles, conflicting ideologies of pluralistic workforce etc. are vital obstacles that hinder growth. The institutional complexities and individual complexities need to be addressed and managed effectively for higher productive outcome. Institutional complexities are major issues which considerably impact employees’ performance. The complexities like role ambiguity, identifying obstacles like poor processes, product alignment with current demand etc. must be addressed and redefined to accommodate changing preferences of the

Labor economics Assignment Example | Topics and Well Written Essays - 500 words

Labor economics - Assignment Example This is meant to increase efficiency in their work (Murnane, 2012). The painting in slide number 4 show skilled labor and painting in slide number 2 show unskilled labors. Workers become more skilled by doing the particular job they want over and over again. In order for one to perfect his or her skills, one has to do the job make a mistake, note the mistake to ensure no repeat of the same mistake. By so doing, one gets to acquire more and more skills as you continue working. The painting number 50 shows workers whose job is more specializes while the painting number 37 shows workers that are self- sufficient and independent. The specialized workers have unity and depend on one another for the processes to be fully completed. This is because every worker is only specialized in a certain level of production that is. In so doing work gets to move faster, and they get to do a large volume of production. For the self sufficient and independent workers the advantage is that they cut down the wages because they tend to employ very few workers but with several skills and therefore can do all steps of production by him or herself. This takes a lot of time because one or two workers cannot work as fast as many workers would. It is only applicable in the production of goods that do not move fast and therefore time of completion is not an issue (Murnane, 2012). Capital goods are shown in the painting number 6. These goods are complemented to the skilled labor so as to make their work easier and to therefore finish on time. The unskilled labor will not learn more skills by being given these goods. They should learn the hard way so that when they are given the capital goods they only use them to perfect the skills. The painting number 68 shows that the changes in technology have made people change the kind of work they do. This is so because the technology is meant to make work easier and therefore people go for less tiring jobs. The painting number 45 shows