Under a Creative Commons license Abstract In an era of increasingly diminishing public funding for local government organizations, motivating public employees is becoming a nearly impossible mission, with managers searching for non-monetary reward practices, to maintain or even increase motivation and performance of their subordinates. The purpose of this study is to investigate the motivational dynamics of the employees of a public sector organization and their relationship to its culture. The Competing Values Model was employed to diagnose the organizational culture and to illuminate the relationship of culture and motivation in the organization studied.
Throw in potential disruptions to supply chains that have been stretched across thousand of miles and country borders by globalization, and the opportunity for something to go wrong is, to say the least, worrisome.
Financial executives, who have not done so already, should begin to develop a holistic risk management program or one that allows them to mitigate and manage risk on a broad front. Organizations who are tempted to short change their risk management efforts will find potential consequences can be severe, from a loss of competitiveness to, in the extreme, having to cease operations altogether.
Usually the probability of that event and some assessment of its expected harm must be combined into a believable scenario an outcome which combines the set of risk, regret and reward probabilities into an expected value for that outcome.
In scenario analysis "risk" is distinct from "threat. In information security a "risk" is defined as a function of three variables: If any of these variables approaches zero, the overall risk approaches zero.
For example, human beings are completely vulnerable to the threat of mind control by aliens, which would have a fairly serious impact. But as we haven't yet met aliens, we can assume that they don't pose much of a threat, and the overall risk is almost zero. Is the risk negligable, this is often called a residual risk.
It entered finance in the s when financial derivatives proliferated. It did not reach most professions in general until the s when personal computers proliferated.
Governments are apparently only now learning to use sophisticated risk methods, most obviously to set standards for environmental regulation, e. Risk management Risk management involves identifying, analyzing, and taking steps to reduce or eliminate the exposures to loss faced by an organization or individual.
The practice of risk management utilizes many tools and techniques, including insurance, to manage a wide variety of risks. Every business encounters risks, some of which are predictable and under management's control, and others which are unpredictable and uncontrollable.
Risk management is particularly vital for small businesses, since some common types of losses—such as theft, fire, flood, legal liability, injury, or disability—can destroy in a few minutes what may have taken an entrepreneur years to build. Such losses and liabilities can affect day to day operations, reduce profits, and cause financial hardship severe enough to cripple or bankrupt a small business.
But while many large companies employ a full time risk manager to identify risks and take the necessary steps to protect the firm against them, small companies rarely have that luxury.
Real-life marketing primarily revolves around the application of a great deal of common-sense; dealing with a limited number of factors, in an environment of imperfect information and limited resources complicated by uncertainty and tight timescales. Keywords: Leadership, Coordination, Overcon dence, Corporate Culture. JEL Classi cation: D23, D7, D81 This paper was previously titled \Leadership, Coordination and Mission-Driven Management." We are grateful to Florian Ederer, Oliver Hart, Wei Jiang, Navin Kartik, Rakesh Khurana, Enrico Perotti and Anjan Thakor for their comments. Defining and Solving the Organizational Structure Moreover, efficiencies can further be realized as functional organizations integrate their activities vertically so that products are sold and distributed quickly and at low cost. instance, a small business could make components used in production of its products instead of buying them.
Instead, the responsibility for risk management is likely to fall on the small business owner. The term risk management is a relatively recent within the last 20 years evolution of the term "insurance management. Risk management is now a widely accepted description of a discipline within most large organizations.
Basic risks such as fire, windstorm, employee injuries, and automobile accidents, as well as more sophisticated exposures such as product liability, environmental impairment, and employment practices, are the province of the risk management department in a typical corporation.
Although risk management has usually pertained to property and casualty exposures to loss, it has recently been expanded to include financial risk management—such as interest rates, foreign exchange rates, and derivatives—as well as the unique threats to businesses engaged in E commerce.
As the role of risk management has increased, some large companies have begun implementing large scale, organization wide programs known as enterprise risk management.
As ofthe role of risk management had begun to expand even further to protect entire companies during periods of change and growth.A structural perspective sees public organizations primarily as tools for leaders to achieve certain goals and looks at coordination by architecture, or through formal organization (Hood Hood, C.
swot analysis and organizational development in the nigerian public service by ukertor gabriel moti (ph.d.) and jeremiah tersur vambe department of public administration, university of abuja.
SWOT ANALYSIS AND ORGANIZATIONAL DEVELOPMENT IN THE NIGERIAN PUBLIC SERVICE ABSTRACT The public service in Nigeria has suffered . Originality/value The rst comprehensive analysis relating knowledge management and its integration into enterprise business processes for achieving agility and adaptability often associated with the real time enterprise business models.
Organizations realized they needed to better manage their human resources and so the recent discipline of human resources was born.
As commerce became more complicated and dynamic, organizations realized they needed more guidance to ensure their dealings supported the common good and did not harm others -- and so business ethics was born. Architectural risk analysis is performed to enable the business to manage its risk at a more granular level.
Organizations have realized the importance of technology and the role it can play for improving the efficiency and quality of their business processes through effective business process management (BPM). Organizational Behavior and Development Michael Beer Harvard University Organizational studies is a fragmented field. Its foundations are the disciplines of Psychology, Sociology, and Economics and applied fields such as Industrial Psychology, Labor Relations, Human Resource Management, Organization Development and Management. A review of Structure in Fives; Designing E ective Organizations Thomas Schmidt [email protected] July 7, Abstract This review of Henry .
Risks Risk is a product of the probability of a threat . Organizational Culture and Motivation in the Public Sector. The term coordination means â€œcreating a competitive edge, making sense of the environment in terms of acceptable behavior and social system stabilityâ€ (plombier-nemours.coms & F.
Terblanche, ). They realized that the motives that influence a public servantâ€™s behavior.