Managing People (PDF)

Essay from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: A, Oxford University, language: English, abstract: The competition in the field of business has increased a lot and this is the reason why a
business organisation needs to change its policies and procedures to run with the global flow.
Due to the several consequences of the global crisis, each country faces sudden changes in
order to stay in the field of business. Change is the indispensable part of every business in the
present scenario (Amigoni, 2009). The success or failure of a business organisation depends a
lot on the various factors including globalization, political and economical situations and
socio-cultural trends. Undoubtedly such factors not only give strong impact on the efficiency,
productivity, profitability and ability of the organisation rather it helps to maintain changed
environment. Every business organisation focuses on profit making while maintaining its
position in the market. It is very important to manage people specifically to manage
employee in order to satisfy the financial demand of the organisation (Baldwin, 2008). Most
of the organisation in the recent era considers that the employees are the most important
assets. This is the reason why every organisation should focus on their policies, procedures
and managerial practices. It paves the path for an improved productivity, enough motivation
while reducing profit margins. This is very important to manage people for the sake of the
organisation. [...]