Reliance About the company-: The Reliance Group‚ founded by Dhirubhai H. Ambani ‚ is India’s largest private sector enterprise with businesses in petrochemicals‚ refining‚ oil& gas. Other divisions of the company include cloth and retail business. The company was founded by well known Industrialist Dhirubhai Ambani. Reliance is known globally ‚ as It is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products
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The phenomenon of Bangladesh Grameen Bank Bangladesh Grameen Bank (Grameen) is an important phenomenon of modern times. The brainchild of Dr. Mohammed Yunus‚ a US educated professor who came to teach at Bangladesh’s University of Chittagong‚ Grameen is the pioneer of Microfinance. Microfinance‚ a lending practice for the poorest of the poor‚ which was conceptualised by Dr. Yunus in the course of his field work with his students in Bangladesh‚ has now spread across the world (Holcombe‚ 1995‚ p 4
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Advantages of Universal Banking The benefits or advantages of universal banking are:- Investors’ Trust : Universal banks hold stakes (equity shares) of many companies. These companies can easily get other investors to invest in their business. This is because other investors have full confidence and faith in the Universal banks. They know that the Universal banks will closely watch all the activities of the companies in which they hold a stake. Economics of Scale : Universal banking
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underlying feature of organisational behaviour is the concept of control and power. Control systems exist in all spheres of the operations of the organisation and are a necessary part of the process of management. Work organisations are complex systems of social relationships‚ status and power‚ and attention should be given to the manager–subordinate relationships. The manager needs to understand the nature of power and control in order to improve work behaviour and organisational performance. Learning
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COMPLEXITY As an organization grows‚ there is a necessity to grow from generalist to specialist organization. Organization structure is all about grouping the people and the tasks in the best way‚ that tells them what to do and what not to do. In small organizations‚ there is random communication amongst people‚ but in large organizations communication clustering starts happening. People start clustering‚ communicating with people depending on their need. For example‚ Sales people cluster with
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l changeOrganization and Innovation: Organizational Strategies for Leading Discontinuous Change Will Mitchell Duke University‚ The Fuqua School of Business www.willmitchell.org September 2009 not at the margins of the profits and the outputs of existing firms‚ but at their foundations and their very lives.” Discontinuous innovation challenges firms to develop products or services that require transformations in core business skills‚ practices‚ and organizational structures. Such transformations
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Question 1- Describe the concept of vision and mission in an organisation. Vision Statements and Mission Statements are the inspiring words chosen by successful leaders to clearly and concisely convey the direction of the organization. By crafting a clear mission statement and vision statement‚ you can powerfully communicate your intentions and motivate your team or organization to realize an attractive and inspiring common vision of the future. Without the unwavering focus on mission and vision it’s
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Goh‚ S. C. (1998). Toward a Learning Organization: The Strategic Building Blocks. Advanced Management Journal‚ 63(2)‚ 15-22. This article proposes that there are five strategic building blocks and two supporting foundations in order to build a learning organization. The five building blocks----mission and vision‚ leadership‚ experimentation‚ transfer of knowledge‚ and teamwork and cooperation‚ are summarized from literature. Also‚ the author believes that these building blocks require two major
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Organisation Structure An organizational structure defines how job tasks are formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence
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MODERNISM CRITICAL THEORY SOCIAL-INTERPRETVISM POST-MODERNISM CULTURE:- comprises the deep‚ basic assumptions and beliefs as well as shared values that define organizational memberships as well as members habitual ways of making decisions‚ and presenting themselves and their organization to those who come into contact with it. Corporate culture- dominant culture put forward by top management. Way for org to shape their organizational identities. Subcultures within organizations can contribute
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