Professional Documents
Culture Documents
Contents
Organization: ................................................................................................................................... 3
Organizational Structure: ............................................................................................................ 3
Organizational Culture: ............................................................................................................... 3
Organizational Structure of LB Finance: ...................................................................................... 4
Individual Behavior: ......................................................................................................................... 5
What is Individual Behavior? ....................................................................................................... 6
The problem faced by organizations: .......................................................................................... 6
Factors that influence individual behavior: ................................................................................. 6
Leadership and Management: ........................................................................................................ 8
What is Leadership? .................................................................................................................... 8
Types of Leadership: ................................................................................................................ 8
What is management? ................................................................................................................ 8
Relationship between Leadership and Management: ................................................................ 9
Leadership style used in LB Finance: ......................................................................................... 10
Weakness of the Leadership Style:........................................................................................ 10
Considerations: ...................................................................................................................... 10
Motivation: .................................................................................................................................... 11
Importance of motivating employees: ...................................................................................... 11
Motivational Practice of LB Finance: ......................................................................................... 12
Motivational Plan: ..................................................................................................................... 13
Teamwork: ..................................................................................................................................... 14
Importance of Teamwork in an Organizations: ......................................................................... 14
Negative Impacts of Teamwork on Organizations: ................................................................... 15
Creating a Successful Team: .......................................................................................................... 16
Developing the Customer Operation Team: ............................................................................. 16
Forming: ................................................................................................................................ 16
Storming: ............................................................................................................................... 17
Norming: ................................................................................................................................ 17
Performing: ............................................................................................................................ 17
Use of Technology to Enhance Team Building: ......................................................................... 18
Table of Figures:
Figure 1: Centralized organizational structure ................................................................................ 3
Figure 2: Decentralized organizational structure ............................................................................ 3
Figure 3: Relationship between leadership and management ....................................................... 9
Figure 4: Bruce Tuckman's team building ..................................................................................... 16
Organization:
Organization is a place where individuals are connected by working together to achieve
a common goal. All organizations have a management structure and culture which differentiates
from other organizations.
Organizational Structure:
It is the hierarchical arrangement of lines of authority, communications, rights and
duties of an organization. Organizational structure determines how the roles, power and
responsibilities are assigned, controlled, and coordinated, and how information flows between
the different levels of management.
Organizational Culture:
The values and behaviors that contribute to the unique social and psychological
environment of an organization. Organizational culture is the sum of organization's
expectations, experiences, philosophy, and values that hold it together, and is expressed in its
self-image, inner workings, interactions with the outside world, and future expectations.
Individual Behavior:
What is Individual Behavior?
Individual behavior is a combination of responses to external and internal stimuli.
Human behavior is complex and every individual is different from others.
4) Attitude:
Attitude can be defined as a tendency to respond favorably or unfavorably to certain
objects, persons or situations. The factors such as family, society, culture, peers and
organizational factors influence the formation of attitude.
5) Personality:
Personality can be defined as the study of the characteristics and distinctive traits of an
individual, the inter-relations between them and the way in which a person responds and
adjusts to other people and situations. The several factors that influence the personality of an
individual are heredity, family, society, culture and situation. It implies to the fact that
individuals differ in their manner while responding to the organizational environment.
Personality can be regarded as the most complex aspect of human beings that influences their
behavior in big way.
Types of Leadership:
Autocratic:
This style is used when leaders tell their subordinates what they want done and
how they want it accomplished, without getting the advice of their followers.
Democratic:
This leadership style consists of the leader sharing the decision-making abilities
with group members by promoting the interests of the group members.
Bureaucratic:
A style of leadership that emphasizes procedures and historical methods
regardless of their usefulness in changing environments.
Laissez Faire:
Laissez faire leaders try to give the least possible guidance to subordinates, and
try to achieve control through less obvious means. They believe that people
excel when they are left alone to respond to their responsibilities and
obligations in their own ways.
What is management?
Management is an authority, meaning a manager is the person responsible for planning
and directing the work of a group of individuals, monitoring their work, and taking corrective
action when necessary. Management is the organizational process that includes strategic
planning, setting; objectives, managing resources, deploying the human and financial assets
needed to achieve objectives, and measuring results.
Considerations:
Owners should consider giving managers and employees small amounts of authority to
make decisions. This will give a stress free environment to both the management and the
workers. But the management should still have an eye on its workers and maintain its authority
among them. Too much freedom will cost shutdown of the company. So the management
should consider a little and act cautiously.
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Motivation:
Motivation is the activation or energization of goal-oriented behavior. It is what causes
us to act and think. Every human beings need to be motivated in order for them to achieve their
goals and dreams. Motivation is said to be intrinsic and extrinsic.
Intrinsic Motivation:
It is the Internal desires to perform a particular task, people do certain activities because
it gives them pleasure, develops a particular skill, or it was risen through their mental
desires
Extrinsic Motivation:
Extrinsic motivations are those that arise from outside of the individual and often
involve rewards such as trophies, money, social recognition or praise.
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5. Stability in workforce
Their commitment to organizational work will increase. Employees do their
tasks loyally and enthusiastically, they are not tempted to leave the
organization.
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Motivational Plan:
A successful employee motivation plan is sustainable. In order for it to endure time,
managers need to look deeper than financial compensations. By implementing an acceptable
motivational plan the performance of the employees will increase greatly.
As I mentioned earlier, not everyone are motivated through financial intensive
strategies, each human beings are unique and their motivational factor will differ from each
other. Still there are some methods which can be accepted by most people.
1. Communication:
It is compulsory to keep employees up-to-date with what's going on in the
organization. Most importantly provide regular feedback on their performances. Since
LB Finance being horizontal structured organization, there will be less communication
among the employees and managers. The employees will feel isolated for they do not
know from whom and where they get their tasks. If the managers have a
communication link between the employees, it will motivate them.
2. Trust:
Trust is one of the most important tool used to motivate employees. By trusting
your employees, they will feel important to the organization. Since LB Finance being an
organization of the financial service sector, it is best to develop trust among the
employees. If you dont trust your employees they will feel isolated and disregarded,
they will not have interest towards the organization or their job. This method is
applicable for all level of employees and must be an important characteristic to every
organization.
3. Connecting Employee needs and Reward Design:
When an employee has performed well, instead of rewarding through financial
matter if you reward him with something he needs it will be a great motivation. All the
employees will perform well to be rewarded. But it is important for the employer to
understand the employees needs and expectations. In order to do that the employers
need to develop and analyze individual employee's profiles.
4. Appreciation and appraisals:
Every human beings desire is to be recognized and appreciated for who they are
and what they done. By recognizing a top performer in front of the entire organization,
the employee will be motivated. He will be happy to work in the organization and keep
on trying to achieve more in order to be appreciated more. It doesnt matter whether
its the manager or a staff, it will greatly motivate everyone.
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Teamwork:
Teams are formed when individuals with a common taste, preference, liking, and
attitude come and work together for a common goal. Teams play a very important role in
organizations as well as our personal lives.
Employees do not operate independently in the workplace. They need to socialize and
work as a combined entity in the workplace. They require inputs and feedback from co-workers
and depend on each others expertise to complete tasks. They form teams to get assignments
going. Teamwork is essential and everywhere, teamwork allows us to succeed. That is to create
output far greater than the sum of all. There is a common saying about teamwork, 1 + 1 = 3.
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Forming:
This is where the company recruits a team based on human resource requirement for
organization development.
As per the details, the forming stage has been completed. They have selected a team for the
customer operation development.
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Storming:
This is where the employees or the team mates meet but are isolated in thought, word
and need.
According to the details, it is assumable that the team is currently in this stage. This is the stage
where the team will have internal conflicts with each other. They could be:
Language barriers
Socio-economic backgrounds
Personality
Attitude
Ideas
There are more causes which could arise team conflicts other than this.
Norming:
This is where the team finds their feet by overcoming their conflicts and gets familiar
with their job and colleagues.
Now it is time for the team to overcome and find solve their conflicts. This can be done by;
Make sure each team member involved has a chance to explain the problem as he or
she sees it.
Establish clear ground rules so that people can have their say without being interrupted,
rushed, mocked, or intimidated.
Encourage employees to solve problems themselves when they can so that no one else
has to be in the middle of every conflict between team members to solve. However, if
they cannot solve them, its important that they can count on someone to coach them
through a problem-solving framework that allows them to build conflict resolution skills
for the future.
We cannot expect the team to perform well as soon as they have overcome their conflicts. Now
they must create a strong relationship and understanding among them. To accomplish this;
We must make the teams purpose clear. Take time to educate teams performance,
goals and how the team contributes to the companys success.
Make sure every team members interact at meetings. Must encourage team members
to ask each other for help and to offer it to each other.
Define each persons job in terms of its contribution to the groups and companies
overall goals.
Performing:
Here employees are comfortable and clear about the expectations from the
management and team.
Now the team is ready for its performance. They will be ready to accomplish the assigned task
with the expected outcome or even more.
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Conclusion:
As far as I learnt, the organizational structure and leadership style determined the
organizational culture and the organizational culture affects the employees performance. It is
more like a chain, when everything is connected it defines the organization.
The LB Finance is an organization operating in the financial service sector. They maintain
a horizontal (centralized) organizational structure with an autocratic leadership, where the
decision making power only lies with the higher authority. Since LB Finance is a financial
organization, there should be obsolete control of the actions and decisions taken for a simple
mistake can cause huge problem within and outside the organization. Hence I would say that
they have chosen the right leadership style. But if they could combine both autocratic and
democratic leadership, in other words having some communication with the employees while
operating under autocratic style. This will greatly improve the organization and the employees
interest towards their work.
Organization such like this that follows autocratic leadership will have a strict and
disciplinary culture. The employees performance depends on the organizational culture. Both
these factors are co-related and complementary. So to be short the leadership style adopted by
the organization will determine the performance of employees.
Due to this structure and leadership, employees will begin to fear their employers and
their own actions, for mistakes are not acceptable in such organization. Because of this the
employees will not give out their potential output in the tasks they are assigned with. The works
will be done as the employers expected even though there was room for improvement. Also the
ideas of the individuals will be not heard or considered because the employers will not accept
any ideas from lower staffs.
Because of the above reasons the motivation of the employers will be reduced.
Motivation is the fuel that energizes each and every employee to work at their potentials.
Today's dynamic and uncertain business environment requires workers at every level to work
together to achieve a common goal. An organization cannot survive without a highly motivated
and progressive workforce, which also includes top management. The management needed to
be highly adaptive and innovative with their motivational plan to survive the intensity of modern
competition.
Currently the motivational plan used in LB Finance is financial incentive, of course
money is a great motivator in the current society but it isnt everything. By having some
communication and trust with your employees, we can morally motivate them. Love and
interest is the key to success, if the employee loves his job and works with interest he can
achieve far beyond what the employers expected. Through motivation the management can
provide that with ease.
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So to enhance the productivity and output of the employee, the organization must have
an acceptable culture and motivational plan. These are the two main factors of performance
and an organization must always keep these in mind and control them.
In todays world, achieving success individually is a very hard task. There is a saying
about synergy in business, 1+1 = 3. Well it is true, when two minds work together they achieve a
better result. That is why organizations tries to create well performing teams. Even when
recruiting employees, they seek people with the ability to work as a team.
We cannot expect a team to yield the perfect results as soon as we form them.
According to Bruce Tuckman, there are four stages for a team to pass through in order to
provide the expected outcome. In the beginning of the formation it is natural to have conflicts
within and outside the team, but when the overcome those conflicts they will be a perfect team.
Hence, a team is very important to an organization but the organization should tune the
team according to their goals and task. That is the only way to success beyond expectation.
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