In: Economics
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requirements that must be considered when processing decisions within a company?
An internal environment factor is “Employees”. This factor effects on organizational decision.
Concerns:
Few concerns are as below:
No.1) Motivational aspect: workers may not get motivation on working, since they are ill-paid or they may not be provided good environment of working.
No.2) Distance aspect: suppose workers are covering a big distance in order to reach factory from their homes. This makes them tired non-effective at production, since their productivity reduces.
No.3) Job security: sometimes workers are demotivated, since their jobs are not secured – such as daily workers. This actually reduces their performance.
Solutions:
Above concerns could be solved in following ways:
No.1) Motivational aspect: management should offer target based incentive for those who are ill-paid. Working environment may be disrupted because of senior junior clash – the management should come forward and intervene into the matter.
No.2) Distance aspect: there must be easy travelling system – the organization should arrange buses for pick and drop of workers or quarter for staying facility.
No.3) Job security: workers could be taken as permanent based on their good performances. This creates job securities in others’ mind, since they could also be permanent sometimes.
Financial requirement:
This may happen, since the organization may need to pay incentive, for bus facility, capital investments in quarter, and higher salary for permanent staffs.
But these may not be essential to be paid immediately – the organization may go forward step by step.