Managers are evaluated on the performance of their teams. If the managers are effective and their team is ineffective, there would be hurdles in the accomplishment of Organizational goals. Although a Manager can be effective individually but in the long run her team would have to be effective.
Ineffectiveness of a Manager's team would have a harmful effect on the performance of the manager. There have been many cases in which the managers have been effective but their team has let them down. Adequate attention must be paid to stimulate effectiveness of teams.
Organizations cannot be effective if its employees are not effective. Organizations are measured by the performance of its employees. Effective employees would lead to an enhanced effectiveness of the Organization. Organizations single handedly cannot be effective without the effectiveness of its employees. Ineffectiveness of the employees would have an adverse effect on the Organization. For instance if employees are not taking the Organizational goals seriously and are not fulfilling their duties, the effectiveness of Organization would be hampered.
Foreign Influence
Foreign owner's approach to management has major implications for its employees. Once employees get adjusted to the new culture, they become a part of its culture. They are comfortable with the foreign owner's approach to management. They become so much used to the new style of management that they incorporate the management practices in their professional responsibilities.
Country of Origin effect has a prominent effect on American employees working in foreign firms. The practices employed by foreign owners are characterized in their country of Origin. In the beginning, employees have difficulties in acclimatizing in the culture employed by foreign owners. It requires substantial time and effort on the part of employees to adjust to the new culture. A number of barriers need to be tackled in order to successfully adjust to the new culture.
American Employees are now beginning to adopt the practices employed by foreign owners. It took a lot of time for them in getting adjusted to the new culture. Understanding the intricacies of a new culture is never easy.
Individual Differences in Reward Preferences
In today's professional environment, People from different generations work together. Each generation has its own distinct traits and thus has varying reward preferences. Managers need to develop the ideal reward system in order to stimulate high performance. Studying each individual behavior would help the manager in knowing the individual differences. As a result, they would be able to devise an appropriate reward system to stimulate higher performance.
Each employee has a different motivation level. Thus the motivation techniques have to be adjusted in line with the personality of the individual. Some employees prefer monetary reward preference whereas others prefer non monetary reward systems. Organizations which accurately identify the differences and act accordingly are bound to succeed at a much rapid pace than others.
Employees have different perspectives on being rewarded based on their character traits. So Organizations have to look at the different individual differences in ...