The dichotomy between pure and speculative risks is at the basis of risk management. This 500 word article explains the two kinds of risks, their characteristics and their role in risk management.
Words: 491 Downloads: 1 Category: Management By: Dorian WalesHigher organizational commitment directly improves productivity and thus profitability. Creating organizational commitment requires the suitable environment for it to evolve. There are several, independent, ways to achieve higher levels of company Identity. In this article I will discuss some of the most common and effective ones.
Words: 528 Downloads: 1 Category: Management By: Dorian WalesEmployee commitment to an organization is highly important as it directly affects productivity and profitability. Using behavior to change employee attitudes is consistent with cognitive dissonance theory which states a person will change either attitude or behavior to eliminate the dissonance. As managers can influence behavior it is possible for them to change employee attitudes to organizational commitment.
Words: 747 Downloads: 1 Category: Management By: Dorian WalesA detailed discussion of the reasons, potential benefits and risks of outsourcing.
Words: 560 Downloads: 1 Category: Management By: Dorian WalesVery few companies give proper attention to morale among workers in their organization. This is of course a mistake. High morale in the organization may not directly affect productivity but it has been shown high morale among workers improves work satisfaction greatly and thus increases the profitability of the organization.
Words: 465 Downloads: 1 Category: Management By: Dorian WalesTeams have the potential of exponentially empowering an organization as every member completes the other and in turn creates synergy. Creating and managing effective teams is a challenge worth taking on as the benefits of synergy are a great reward. This article will offer tools and thoughts on how to create and manage effective teams in the workplace.
Words: 589 Downloads: 1 Category: Management By: Dorian Wales