Organizational Success: Key Elements and Strategies

Key Elements of Internal and External Organization

Internal and External Organization: Employees, shareholders, board, customers, unions, government.

Skills Hierarchical Levels:

• Upper Management: Conceptual skills
• Management Rating: Humanistic
• Line Management: Technical skills

Systems in the Organization: Highly interdependent subgroups, considers open, dynamic, stochastic systems.

Properties of Systems: Objectives, performance measures, decision-making process, information flow.

Organizational Structure: Refers to the way in which organizations divide, combine, and coordinate activities, focusing on relationships between managers and employees.

Why is an Organizational Structure Important?

• Dividing work
• Assigning tasks
• Coordinating tasks
• Grouping work

Six Keys to Organizational Success

1. Define Objectives

Organizational success means achieving planned targets, realizing the company vision, and aligning employee's personal goals with company objectives. Involving all employees jointly enhances the company's achievements.

2. Human Capital is Paramount

Prioritizing money over people is a mistake. Instead of cutting costs, focus on increasing productivity by developing strategies to support staff. Good training can improve productivity by 30%.

3. Motivate Your Employees

Maintain consistency in treatment, working hours, and benefits. Valuing human capital is crucial. Provide opportunities for growth and development. Motivate employees through expert guidance.

4. Locate the Problem

Diagnose issues by area and apply appropriate strategies. Statistics show that 1 in 10 employees want to leave, 4 in 10 need motivation, and 80% lack full engagement for various reasons.

5. Invest in Human Capital

Neglecting employee care can negatively impact the company. Staff turnover and unproductive employees can lead to a 30% loss in profitability. Skilled and motivated people are essential.

6. Step by Step Approach

Place the right people in the right jobs, continually evaluate staff, and strive to share a common vision between employees and managers. Recognize that what happens at work affects home life, and vice versa.