The two questions I am going to answer are question number 3 and 4
Answer to question number 1
The managerial style usually observable in our organization is close to democratic leadership style, and it is believed by our managers that the maximum amount of productivity can only be achieved if we provide due authority and decision making to the employees in lower hierarchy.
How goals for staff are established and evaluated
The established goals of our organizations are SMART (Specific, Measurable, Achievable, Realistic and Time bound). These goals are divided into three levels; individual goals, departmental goals and organizational goals. Each level of goals setting is evaluated on the basis of different parameters (Douglas Max, 2004). A team of quality assurance is dedicated to implementing balance score card technique to evaluate the performance level of employees based on the fulfillment of goals associated with them. Then a reward system is also established to motivate the contribution of employees.
The degree to which employees are involved in decision-making
The decision making process of our organization is democratic. Input from employees, first line manager and managers is collected to make decisions about the structuring or strategy formulation. An employee can bypass the hierarchy in posing an idea. Thus, management encourages the contribution from all levels of the organization. There is not a single decision which senior management takes while keeping the employees in isolation.
The importance of cost effectiveness or cost efficiency in your organization
We are dealing in an industry where competitive advantage is directly associated with cost efficiency. Industry is characterized by price elastic demand. Therefore, cost efficiency is very important for our organization to become a low cost leader in the industry. The cost can be minimize through the efficient utilization of resources ...