Preview

MMM132

Better Essays
Open Document
Open Document
2425 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
MMM132
Pfeffer & Veiga: Putting People First for Organisational Success

Introduction
In the practice of management, managers are attempting to achieve the better business performance, by using diverse methods, such as outsourcing, expansion, as well as focusing on research & design and so forth, Pfeffer and Veiga (1999) in their article pointed out most managers had overlooked the role of people in the business success. Pfeffer and Veiga (1999) were convinced that people should rank top in the list of business assets, which would motivate the higher commitment, involvement and performance. After using this strategy, organisational success could be easily accessible for most of the businesses, which is common sense in the management theory. This essay is critically analysing and discussing the several practices from the theory of Pfeffer and Veiga, via referring to and comparing to the classic theories of management, such as the Henri Fayol’s management principles and scientific management of Frederick Taylor. In addition, the theories of Mary Parker Follett and the aspiration management of David McClelland are also studied, to support the several practices of successful organisations.

Main ideas of Pfeffer and Veiga
Pfeffer and Veiga (1999) argued that even though more and more researches were indicating that people-centred strategy would be the key to the better performance of any organisation, most managers in practice chose the opposite way to look for success, while ignoring that people were the one of the most significant assets of any business. Pfeffer and Veiga (1999) used the example of the company of Apple to prove that without putting people first, other management strategies could not cultivate the long-term business success, despite the technical innovation and sound customer service. Pfeffer and Veiga (1999) further stated that managers should concentrate their effort on heightening the employee commitment and involvement, as the valid and solid basis

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mfin829

    • 251 Words
    • 2 Pages

    The coupon savings on Build America Bonds (BAB) comes from the initial function of the Bonds, on average, 84 basis points on interest costs for 30-year bonds and also received significant savings on shorter maturities, as compared to traditional tax-exempt bonds. While, in this case, the State of Maine issue BABs, and the Treasury provides a 35 percent direct subsidy to State of Maine to offset its borrowing costs.…

    • 251 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Jimmy Hoffa and Unionism

    • 2002 Words
    • 9 Pages

    Pfeffer, J. (1994). Competitive Advantage Through People: Unleashing the Power of the Work Force. Boston: Harvard Business School.…

    • 2002 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    mgmt274

    • 353 Words
    • 2 Pages

    Part A of Research and Case Analysis would be done in class in Week No. 3 (September 15 – 19, 2014). Part A questions would be some basic questions on the assigned materials. Part B questions would be distributed in class and would require colleagues to prepare a word document with their responses. The submission date for Part B…

    • 353 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    People clearly are an organization’s most critical resource. Their knowledge and skills along with their commitment, creativity, and effort are the basis for competitive advantage. It is people that have creative ideas for new products or for process improvements that devise marketing strategy or take technologies to the next level.…

    • 2111 Words
    • 9 Pages
    Better Essays
  • Powerful Essays

    Pollitt, David. (2003, April). Putting people first for organizational success. Academy of Management Executive, 13, p. 43. Retrieved January 5, 2007, from EBSCOhost database.…

    • 3552 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    West Jest vs Air Canada

    • 1204 Words
    • 5 Pages

    Pfeffer, Jeffery, 2005, Producing sustainable competitive advantage through the effective management of people. Academy of Management Executives, 19(4), 95-106.…

    • 1204 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Man123

    • 1009 Words
    • 3 Pages

    At the end of August the University of Michigan announced how it would comply with the Supreme Court's ruling in Gratz v. Bollinger, the ruling in June that outlawed UM's undergraduate racial quotas for failing to meet the test of being "narrowly tailored." UM's response, unveiled on August 28, has three parts. Applicants will now have to divulge information about the educational backgrounds of family members; their high-school counselors or principals will have to respond to a form that asks whether they know of "any socio-economic, personal, or educational circumstance that may have affected this student's academic achievement, either positively or negatively;" and applicants will have to write a 250-word "diversity" essay.…

    • 1009 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mgm225

    • 855 Words
    • 4 Pages

    According to Devine (2011), Intellectual Property are of four kinds -- copyrights, patents, trade secrets, and trademarks. The same source mentioned that copyright is a form in intellectual property that protects the original authors of both published and unpublished creations. Copyrights have to do with someone writing or making something and have the rights to the article to call it theres. Patents are kind of the same thing the only difference is you came up with the idea and are now trying to sell the idea, trade secrets are you working for a company and having to hold yourself to the to not telling anything. Trademark is like what is on certain things such as the Christian Loubotin shoes he has a trademark that no other designer can have on there shoes they can come close but they can not have is trademark that is how everyone can identify what his shoes look like. Please see picture below.…

    • 855 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Mgm255

    • 530 Words
    • 3 Pages

    When I think of the last company I worked for, and I read of the leadership styles of Levin’s model I find that Autocratic leadership best fits that company. They always gave direct orders and directives to what are job was and what was to be done to achieve what they wanted from us. Our management team did not seek any suggestions from employees because there was no need for input from us so; they believed strongly that this style or company mission worked best. Autocratic leadership centralize all decision making power in the leader because it enables a quick decision making style. This leadership style will potentially work best, when there is no need for input, and when any input would not strengthen the outcomes. Furthermore so to empower enough control and issue order in the company.…

    • 530 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    The classical school of management is thought to of originated around the turn of the current century and dominated management thinking into the 1920 's. It had one main focus and this was on the efficiency of work processes, either through bureaucratic management that focuses on rules and procedures, or scientific management which concentrates on the one best way in which a job can be done. It is now commonly considered by modern theorists that these ways of management are outdated and not completely relevant to organisations in this day and age. This essay will look to examine wether this is actually the case, through the use of personal experiences and case studies of other people and companies. Traditionally these theorists saw employees and their needs or wants as being secondary to the needs of the business, this has been seen as one of the main reasons for these theories to become outdated. However they can still be argued as useful because they introduced the theory of management and provided ideas for the development of future management.…

    • 2174 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Interview and Rating Method

    • 2526 Words
    • 11 Pages

    At the earliest of 20th century, numerous companies were basis of Frederick Tayloy’s “scientific management”to build up their performance appraisals . At a later time, Peter Drucker’s brings up an innovation idea of Management by Objectives (MBO) and a Theory X and Theory Y concept also introduced by Douglas McGregor’s in 1950s.…

    • 2526 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    ORGANISATION STRUCTURE:- Bank of America Corporation (NYSE: BAC) is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. As of 2010, Bank of America is the 5th largest company in the United States by total revenue,[11] as well as the second largest non-oil company in the U.S. (after Wal-Mart). In 2010, Forbes listed Bank of America as…

    • 1508 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Putting People First

    • 752 Words
    • 4 Pages

    Many companies espouse a “people-first” strategy. For instance, W.L. Gore and Associates, SAS Institute, Southwest Airlines, Goldman Sachs, Starbucks, and Lincoln Electric all claim to put their employees concerns ahead of all other business concerns.…

    • 752 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    People are McDonald’s most important asset. The company’s success depends on the satisfaction of its customers, which begins with workers who have the attitudes and abilities required to work efficiently and provide good customer service. To execute its growth strategy, McDonald’s has identified people as one of its three global corporate strategies. McDonald’s claims that as an employer, it wants “to be the best employer in each community around the world” It also makes a “people promise” to its employees that “we value you, your growth and your Contributions.” Its five “people principles” reflected by its human resource strategy are: respect and recognition; values and leadership behaviors; competitive pay and benefits; learning, development, and personal growth; and ensuing that employees have the resources needed to get the job done.…

    • 918 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    Management and Organization

    • 3606 Words
    • 15 Pages

    Why do some organizations succeed while others flounder? As students of business, it is critically important for you to have an understanding of the key factors that contribute to organizational success, and the role that managers play in helping their organizations be successful. The better that you understand these issues, the more effective you will be in your future careers. The primary objective of the course is to help students understand the elements that contribute to organizational success, as well as some of the common impediments to high performance. We will focus on how organizations position themselves for success within their external environment, and how they organize and motivate their people. More specifically, the course will explore how organizational leaders develop winning strategies, and then design their organization in a way that aligns structures, social relationships, tasks, human resource practices, and people to achieve those strategies. In exploring these issues, we will identify the challenges that organizational leaders and managers face as they try to make good decisions in the face of a constantly evolving industry environment, competing goals and agendas, and an increasingly diverse and global workforce. A second objective of the course is to strengthen students‟ managerial and…

    • 3606 Words
    • 15 Pages
    Powerful Essays

Related Topics