Question

There is little evidence that organizations are integrating business and labour management strategies why?. Explain four possible reasons for the phenomenon .(20 Marks.)

Answer 1

Four possible reasons for integrating business and labor management strategies are as follows:

1. Improved employees efficiency

integrating business and management strategies will help the organizations improve the productivity and efficiency of their employees and help in fast-tracking their growth and success.

By integrating business and labor management strategies, the organization will manage both of them simultaneously while making each other interdependent and interrelated to each other.

It will help optimally manage both of them, which would help increase the productivity and efficiency of the employees working in the organization.

2. Better performance by business:

as implied by the first point where the employees' productivity and efficiency will get improved, the integration of labor and business management strategies will also help in better performing of the business organization as they would get access to accurate and real-time information about employees and the business management strategies.

3. Greater flexibility:

if the business integrates business and labor management strategies, then it will help the organization in achieving much flexibility than earlier.

Is alters the business management strategies, and then it will also impact our labor-management strategies because it is labor would implement the business management strategies alterations.

As such, integrating both of these strategies will help provide flexibility to the business organization.

4. Time and cost savings:

the time and cost of business organization will get saved because of the integration of business and labor management strategies because the organization does not have to maintain the software or other systems for managing the strategies for both of them separately.

The organization does not have to hire a specialized team and software for both of them separately. There will be only one such team and software which will handle both of them.