ORGANIZATION THEORY

Organization Theory (Part B)



Organization Theory (Part B)

Introduction

The key success factors of Wal-Mart are elements that allow it to achieve the objectives it has set and distinguish the company from the competition making it unique. Commonly in the business plan formats appears, the term "key success factors" as a determinant of how good or bad can be good business for the long term in which investors place greater emphasis, since, through it, they can evaluate the actual business skills (Gereffi, Ong, 2007, pp. 46-49). Beyond investors and business plans, the entrepreneur knows with certainty what these factors that make it unique project because it identifies cannot know how you will compete in the market, not because customers prefer their products or services (Gereffi, Ong, 2007, pp. 46-49).

To identify the key factors of success is to look inside the business of Wal-Mart, know the processes or characteristics that distinguish Wal-Mart's product or service and which ones must be mastered altogether to create competitive advantage. This identification is usually easy to most cases where the product or service is innovative but not so when it enters a highly competitive market in which the similarity of the processes, products and services is high (Gereffi, Ong, 2007, pp. 46-49). If the venture is a commercial X product key to business success, may lie in the same location within the distribution chain, if a restaurant could be the key geographical location, whether it is a leading travel agency might be able to offer budgetary plans. Each initiative has several key points that will lead to economic and commercial success (Gereffi, Ong, 2007, pp. 46-49).

Discussion

Employment of Power: Its Limitation and Value

It has strengthened and become a very common view that power and leadership comes with position as the most effective tools for effective management. If anyone thinks that this alone is enough that at least is shortsighted. In order to effectively manage complex organization, the most important thing is the fulfillment of its tasks, in order to ensure that all control functions (Jaffe, 2008, pp. 33). However, by analogy with the processes of communication and decision-making, leadership, leadership is an activity that pervades the entire system of governance (Jaffe, 2008, pp. 33). Organization cannot effectively perform the functions of planning, organization, motivation and control, if there is no effective leadership (Jaffe, 2008, pp. 33).

Despite the fact that the leadership is a crucial component of good governance, effective leaders are not always at the same time and effectively managed (Jaffe, 2008, pp. 33). The effectiveness of a leader can be judged by the extent to which he or she affects others. Sometimes, effective leadership and may interfere with the formal organization (Jaffe, 2008, pp. 33). For example, an influential informal leader can make it so that the labor collective will limit output or produce goods or services of poor quality. Filey, House and Kerr, set the difference between management and leadership: "Management can be defined as mental and physical process that leads to the fact that subordinates ...