Effective Strategies for Business Success

This assignment delves into a range of effective business strategies across different domains. It examines time-series and cross-sectional momentum strategies for investment, motivational techniques used in employee engagement and habit change, and strategies for managing assets and liabilities effectively. The document also touches upon the importance of execution discipline, team learning, organizational communication, and readiness for change in implementing successful strategies.

University
EMPLOYABILITY SKILLS
By
Date
Name
Lecturer’s Name

EMPLOYABILITY SKILLS
Contents
TASK 1..........................................................................................................................................................3
AC 1.1 Develop a set of own responsibilities and performance objectives..............................................3
AC 1.2 Evaluate own effectiveness against defined objectives................................................................5
AC 1.3 Make recommendations for improvement..................................................................................6
AC 1.4 Review how motivational techniques can be used to improve the quality of performance........7
TASK 2..........................................................................................................................................................8
AC 2.1 Develop solutions to work based problems .................................................................................8
AC 2.2 Communicate in a variety of styles and appropriate manner at various levels..........................10
AC 2.3 Identify effective time-management strategies..........................................................................11
TASK 3........................................................................................................................................................12
AC 3.1 Explain the roles people play in a team and how they can work together to achieve shared
goals......................................................................................................................................................12
AC 3.2 Analyze team dynamics..............................................................................................................13
AC 3.3 Suggest alternative ways complete tasks and achieve team goals.............................................14
TASK 4........................................................................................................................................................15
AC 4.1 Evaluate tools and methods for developing solutions to problems............................................15
AC 4.2 Develop an appropriate strategy for resolving a particular challenge........................................16
AC 4.3 Evaluate the potential impact on the business of implementing the strategy...........................18
CONCLUSION.............................................................................................................................................18
References.................................................................................................................................................20
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TASK 1
AC 1.1 Develop a set of own responsibilities and performance objectives.
A set of own performance targets and responsibilities is related to self-management. Self-
management is crucial for the development of a set of responsibilities and performance of a
person. In simple words, self-management is the ability of an individual to provide most
probable outcomes for a particular job. If a person becomes capable of setting his or her
performance objectives and responsibilities, then this capability will help them to determine their
personal demands, skills and capacities (Ashdown, 2017).
Moreover, the first two responsibilities of planning and organizing a management is
concerned with self-management. Besides that, the individuals with exceptional expertise on
self-management have some uniqueness in their skills. These particular skills are critical for the
companies because these unique skills can bring competitive advantage to the enterprise. Apart
from these, the individuals can get other benefits from these development periods.
People should take responsibilities for proving their potentials and capacities. The people
can compare and assess their personal performances with others in the same area for finding out
their required requirements. Moreover, they can behave in such as that is suitable for the
colleagues. They can also set out and determine customs for their individual development. It can
be done within or outside the organization, and that depends upon the choice of the individual
(Rothwell, Lindholm and Wallick, 2003). Also, they can work in the least precarious position
and can work with knowing the role he or she should play as an employee or worker as well as
the power he deserves.
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JOB PROFILE
My job-title: Market researcher
Based at :Business unit
Report to : Line manager
Purpose of job : Assist clients to take effective decisions regarding the product by researching
and analyzing opinions of customer.
Key responsibilities :
 To find out the current trends of market.
 To research and analyze about the needs & requirements of people and finding out their
preferences.
 To find out the reason involved for choosing a particular brand by people.
Scope :
 Focus upon the formulated groups regarding brand.
 Assist in qualitative methodologies.
 To further assist in formulation of brand strategies.
 Assist in marketing of products.
 Provide assistance in trend setting.
Performance objectives :
 To enhance my communication skills for maintaining relationships with different
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clients.
 To get specialized in various marketing principles to expand scope in other fields.
 To remain in disciplined state in whatever activity has to be performed.
Date : _________
AC 1.2 Evaluate own effectiveness against defined objectives
Personal SWOT Analysis:- Strengths : As per my own responsibilities according to mentioned profile, I am very
good in finding out the current preferences of clients by making use of my effective
knowledge and experience. Weaknesses : My only weakness is analyzing about the diversified range of opinions
received from clients. So my interpretation and analysation skills are a bit weak. I am not
so good in communicating with people in the first go. Opportunities : Well I have a good marketing background as well. So here are plenty of
opportunities in formulating strategies regarding marketing.
 Threats : Since my analysation skills are weak so other candidates who are strong in this
particular skill could be a possible threat for me.
In order for evaluating the effectiveness of my responsibilities as mentioned in my job
profile above, following points could be considered : Communication skills : In order to achieve the objective of enhancing communication
skills I should always try to be a good learner. Moreover, if my communication skills are
enhanced then, I would be able to handle ample of clients. The more clients I will be able
to handle, more will be the benefits gained by organization. So, this particular objective
will effectively contribute towards enhancing my performance.
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 Specialization in marketing principles : This objective will further assist in enhancing
my career scope within the organization. If as a market researcher I am able to get full
knowledge about marketing principles along with their practical implementations then,
this will widen my scope in the formulation of marketing strategies as well.
 Discipline in work : To achieve a task in an effective manner, disciplines needs to be
maintained in whatever task I perform. If I perform my assigned duties in an effective
manner with proper discipline then, m y efficiency will also enhance.
AC 1.3 Make recommendations for improvement
The development of employees or individuals of the organization is looked after the
department of human resource. The manager of the human resource have the responsibilities to
carry out these tasks. These human resources are very much eager to get a promotion (Abston
and Kupritz, 2011). Moreover, it is the employees who can take advantages and considers
organization at pick stage. They do this by concentrating issues such as improving goodwill,
minimization of cost and by providing quality services.
Recommendations regarding my career development :-
It is recommended to monitor accurately from the executive level. Consequently, the plan
may reduce the responsibilities of the workers. Also, some initiatives can be considered which
are similar to recommendations for improvement.
The organization must bring a change within the business firm and get a review on the
modification management from each and every individual employee. The employee best knows
the organizational condition, and therefore they generate ideas for the organizational
development (Stamatis, 2011). So, all the members and staffs should be encouraged to share an
idea for the enhancement of work practices and opportunities.
Apart from these, the organization should also defend on personal practices for
improvement. It will measure and reflect personal work habit. Moreover, me and my coworkers
should be encouraged for bringing a healthy and a good working environment. When the
workers engage in a particular work in the workplace, then most of the communication issues
will be solved. The company should implement adaptation policies for adapting a new way of
working after an execution of change management in the workplace.
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In order to meet the respective objectives of the career development following plan has
been suggested. It is also known as Responsibility Development Plan after performing the
personal SWOT.
Weaknesses that
need to be
improved
Steps to be taken Resources and
support required
Measuring
success
Time taken
Communication
skills
Involve in
conversations
with diverse
groups, engaging
in vocal courses
and getting
fluency in spoken
language
Internet sources
like online
tutorials and
regional training
centers are
required. Support
from colleagues
and team
members is
perceived.
Use of assessment
courses and
reviews from
senior authorities
will be helpful.
2 months
Inclusion of
discipline
Reading
inspirational
books and
watching
seminars of
successful people
Online material
for watching the
lectures
Improvements or
defaults in
performance
should be
recorded and
analysed at the
end.
5 months
In-depth
knowledge of
marketing aspects
Training from
within the
company with
grasping of
practical aspects.
Permissions from
senior authorities
for getting
enrolled in on-job
training.
Knowledge
Acquisition of
systematic
appraisals from
line managers is a
primary measure.
Moreover,
3 months
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resources
includes books
and journals.
enhancement in
understanding
level is also an
indication.
AC 1.4 Review how motivational techniques can be used to improve the quality of performance
As indicated by Maslow, the primary strategy for motivating experts is to fulfil
requirements of individuals. As per Maslow's Hierarchy of Needs, lower level of labourers is
particularly anxious to satisfy their lower level needs (BOSCHERT, 2012). The bottom level of
workers requires physical need and necessity for a haven. Here in motivating human resource of
an organization, Maslow's Hierarchy of Needs theory accept an incredible part.
The organization tries to induce their delegates as per their need. For example, if the
authorities endeavour to fulfil the demand of delegates they should know their need. If any
labourers search for cash related help and the organization tries giving him master the deputy
won't be happy and energized. Most of the people are gathered by relative kind of intrigue. So
executives should recollect the motivational parts at a different level of an organization for the
further event (Krejci and Foulds, 2003).
At lower of stage money is a sole motivation and can fulfil the demand of the specialists.
The organization can offer a reward for a worker on the estimation of work. Best performer will
concede monitory compensation. So worker will do extraordinary employment so they can have
the ability to get the facility. Here, Reward is the monitory facility.
Transportation is an essential issue for delegates. Consequently, an organization can give
transport service to the labourers who are non-monitory motivation. The individual is not same
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in nature. Therefore, the organization should perceive the need of different delegates and
endeavour to fulfil the demand.
Motivated expert is dedicated to work and strive to achieve the organizational targets and
goals best. In these ways, motivational techniques can be used to improve the quality of
performance.
According to Maslow's heirarchy of needs- a primary motivational technique, there are
some of the techniques which can be used for enhancing the quality of performance and
increasing motivation amongst employees. The first method is to provide rewards to employees
that have performed above the benchmarks set by senior authorities. Timely rewards and
appreciations help in meeting employee satisfaction levels which is visible in the form of
improved performances. Furthermore, more individuals will be encouraged to participate in this
healthy competition. Second method is providing limited flexibility to the employees. Often
there are situations which restrict individuals to perform more than their potential. The company
should identify these barriers and concentrate on reducing these. It will help in achieving
necessary industrial standards of performance.
TASK 2
AC 2.1 Develop solutions to work based problems
1. The main problem identified in workplace areas are staffing of flagship stores. Within the
environment of highly distributed business sectors, constituting headquarters, various centers as
well as stores could possibly turn out to be a headache.
The possible solutions regarding this problem could be the utilization of documents
capturing tools for ensuring proper storage of personal-data across electronic forums as well as
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various sites (West and West, 2011). Furthermore, the integration of managing the content into
the HR software of company for instantly checking the status will also assist in sorting the
problem.
2. The decision making principles or steps are basically 5 categories as mentioned below :
 Recognizing the problem
 Searching for the solutions regarding problem
 Available alternatives shall be evaluated
 The selection of solution satisfying all criteria of problem will be selected
 Evaluating the final decision whether its meeting all the necessary changes or not
3. General-manager job description:-
 To accomplish financial objectives by meeting all requirements.
 Get involved in annual budget preparation.
 To assist in scheduling of expenditures.
 To maintain the standards of service-quality, enforcing the various standards.
 To regularly attend educational workshops for proper maintenance of technical
knowledge.
→ Personal qualifications : Performance-management, supervision, project-management,
developing budgets, fostering teams-works.
Staff-accountant job description:-
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 To make entries in logs, journals for preparing accounting.
 To provide support towards accounts which involve payable activity.
 Performing bank-settlements every month.
 To provide necessary documents to external auditor.
→ Person qualifications :
 Oral and written communication skills should be strong.
 Ability to understand financial report as well as various technical forums.
 Minimum 2 year experience in the field of accounting.
4. The new staff on the basis of above two profiles will be provided On_the_job_training(OJT).
Officials who are expert in above mentioned profiles will provide training to newly appointed
staff. It is a very realistic approach and spares the company of unnecessary expenses.
AC 2.2 Communicate in a variety of styles and appropriate manner at various levels
In organizations, communication plays a major role in maintaining a healthy relationship
with the stakeholders and general employee. It is a major factor in the success of an organization.
Employability skill is mostly concerned with communication (Thayer, 2017). Communications
can be done by the individuals or employee by four ways such as listening, speaking, reading and
writing. During a project meeting, the employees should communicate with the manager or
leader by following these four ways. Communication is not only meant for the individuals only,
but it also shows positive results in preparing for job results. The communication increases by
discussing a job exam with others who have participated in that particular review (McPhee,
2001).
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Moreover, qualification of policy and modes have to be interpreted and read and also
clarification of documents of multidimensional tender. Today, technology plays a significant role
in the communication process. The members of the organization can communicate with each
other as a result of internet facilities such as WhatsApp Messenger, Facebook, Instagram, Gmail
and so on. People are using mobile phones as their communication media. Communication is not
an easy task and has a lot of levels as well as stages to overcome. Therefore, a person has to
settle channels of communication for the fundamentals and components of maintaining
relationships in the workplace.
Written means of communication can be used by circulating information through letters,
memos. In order for verbally communicating with each other, presentations and meetings could
be organized.
At last a clear communication channel is important at all stages of performance in the
organization (McPhee, 2001). The employees can keep proper communication with the
customers like convey messages or wishing on special occasions with the aid of appropriate
communication channel.
The major issue in the opening of flagship store is lack of proper medium or channel to
transfer messages. The entire system is based completely on verbal communication currently i.e.
through face to face discussion and meetings or presentations. The development of a smooth
communication system in the company is facilitated only when there is presence of electronic
modes that is telephones and intranet i.e. mails so that quick transmission of messages takes
place. The lower level employees can communicate directly through emails and telephonic
conversations with management. On the other hand, the prospective employees are
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communicated through written communication i.e. through newspapers and advertisements. It is
a one way mode of communication.
AC 2.3 Identify effective time-management strategies
Time management is a major factor which impacts on the performance of the
organization. Also the main problem identified was establishment of new flagship store.So to
address this problem, employbility skills regarding time-management will play a key role. In
employability skills, time management is paramount. The employees need to manage and divide
their time 24-hour slots to each and every individual routine every day (Dalessandro, 2015).
Time management is under organizing and planning which is practical employability skill.
Moreover, effective time management can be recognized by implementing some tools.
To properly establish the brand new flagship store, the strategies of effective time management
strategies are made a sequence of work, prioritization of work, time-distraction, decentralization
of difficult task and measuring of time-consuming jobs and take initiatives (Bird, Gao and
Yeung, 2016). The time management is only possible when following attributes are taken into
consideration:
 Development of timing log which maintains the records of every activity with time taken.
 Setting of goals and aims provides a direction in which the particular work has to be
performed. It also helps in prioritising all the activities according to the need of hour.
 Once the aforementioned steps are completed, there has to be inclusion of NO
PROCRASTINATION attitude. The elimination of this habit helps in reducing delay in
accomplishment of work.
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 Perseverance towards different situations has to be changed and converted into positivism
so that time management strategies are not disrupted.
TASK 3
AC 3.1 Explain the roles people play in a team and how they can work together to achieve
shared goals
In organizations, all the members play a significant role in achieving the common goals.
The methods for role playing as well as work together with a group to accomplish objectives are
described below:
Resource Allotment: Every essential resource required in group management must be
coordinated practice and current fundamentals (Botha, 2016). Also, primary resources and tools
must be instigated in time according to necessity. The organization should try to develop a team
with the help of tools.
Training and work execution: Training is especially fundamental primarily for
gathering work since the majority of the individuals are not accomplished about the issue of
intrigue. So first need to classify crevice in work compel (Execution The Discipline of Getting–
Things Done, 2003). The direction of employment should be accessible and appropriate. The
accessible guide should be made to the human resource to survey the objective of the group.
Finally, pertinent occupation appraisals should be done according to laws and control of related
industry.
Fulfil work necessities: Necessities for employment should be satisfied by the human
resource in a proper approach. It is required to ensure that specific requests are built up,
completed and understood.
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Communication in the team: The team members confirms that particular occupation is
allotted and modified so it can be finished inside the minimum likely time. Employment should
be dispersed in gathering according to the abilities to pick individuals (Botha, 2016). It should be
remembered that licenses for employments are legitimate and identified with occupation
prerequisites. It is required because experts can finish the errand inside slightest likely time than
non-experts.
Job Requirements: The members starts with the need to the prerequisite of employment
site and need to order the guidelines and directions. The rudiments and details of occupation site,
commitment must be requested for quickening management work prepare. Clients are the ruler
of business, so needs and desire of customers must be arranged (Execution The Discipline of–
Getting Things Done, 2003). The danger of occupation should consider so that all OHS can be
characterized.
Apart from the above defined roles, the teams can be segregated according to the task
orientation. These are described as follows:
 Action orientation: Depending on the actions that have to be taken in the concerned
aspect, there is division of roles and responsibilities in the team as per the actions that
have to be taken. It helps in meeting the aim much quickly. According to Belbin's
Theory, the roles include shaper, implementer and completer-finisher.
 People orientation: The people oriented roles in Belbin theory include that of the
coordinator, teamworker and resource investigator. All the activities or tasks which
require assistance to the team member fall under this orientation.
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 Thought orientation: Plant, monitor-evaluator and specialists are the three basic roles
which are oriented on thought. It requires intellectual capabilities for the team build up.
AC 3.2 Analyze team dynamics
Team dynamics are concerned with the performance of the team. Team Dynamics are a
vital part of working life. Moreover, they can have a significant impact on the performance of
employees working in a particular team. Team dynamics can also affect the profitability of the
company. Besides that, team dynamics can also change the retention rates of the staff as well as
the reputation of the business firm. However, team dynamics are frequently ignored and
neglected.
The stages in team development include forming, storming, norming, performing and
adjourning. The selection of respective individuals for forming the team is the formation process.
Once, the individuals start getting together there are situations of clashes and conflicts which
leads to storming. The team dynamics are disturbed if team leader doesn't pay much attention.
Furthermore, the norming stage involves declaration of different attributes and team roles which
need to be followed by every individual in the team. Performing stage involves implementation
of the tasks and roles which have been defined by the leader. After completion of all activities,
the team dynamics is completely disoriented with initiation of the adjourning stage. It marks for
the completion of time period of the team.
Consequently, it can have a significant impact on the ways a team works (KAYES,
2003). The team members and the group leaders can contribute to a negative group dynamic.
Weak leadership can cause a poor team dynamic. A more dominant member of the team can
often take charge of the team when a team lacks a strong leader. There are various difficulties
observed during the maintenance of a team. Varieties of commodities and services, as well as
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rising challenges, are made available for the place of the different skills and work elasticity. It is
just some aspects and influencing the raising responsibility for the joint venture.
Since, the establishment of new flagship store is to be taken care of, a decentralization
policy will further lead to teamwork (KAYES, 2003). Here, the employees of the organization
separated their side of work and did it proper proficiency.
AC 3.3 Suggest alternative ways complete tasks and achieve team goals
Initially, the individuals must jot down the list of the goals the organization wants to
make as an organizational goal. The organization must tell the person to write down the reasons
behind achieving the goals. The reason will motivate the employees to work hard.
Secondly, the person needs to find a mentor. A mentor is someone who has achieved
tasks that are same as the objectives of the person. Apart from it, the person must develop a
milestone to reach a target which has a beginning and an end.
Moreover, deadlines play a significant role in the completion of important projects. The
individuals must be provided with projects that have deadlines. Training is required for the
conclusion of the project within time limits. Deadlines force a person to find innovative methods
to reach the objective and add to his or her sense of accomplishment when the person accomplish
within his or her scheduled timetable.
Moreover, it is recommended for the particular person to learn from the experience for a
smooth flow of work. Learning from experienced ones helps a person to achieve professional
success. When the person set out to accomplish objectives, he or she must take notes on the
procedures that work and the ones that do not.
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For successfully accomplishing the set goals in aspect of team, enhancing and promoting
team work within organization plays a key role. The set goals is to establish new flagship stores.
Team shall be created by following all parameters. It must have accurate number of skilled
members who could effectively utilize available resources as per defined roles. Effective
negotiations and using voting as the basic process for findings out solutions is also a way of
completing tasks and achieving the respective goals. The selection of right individuals and
correct collaboration in proper leadership helps in accomplishing the respective goals.
TASK 4
AC 4.1 Evaluate tools and methods for developing solutions to problems
The improvements in organization and solving its problems requires implementation of
some specific strategies. The procedures are described below:
Trial and Error: The process of trial and error is a method of solving problems in
business firms. Here, the numbers are different but those do not function. It is an alternative way
to address the problem, and the users use it when all other options are not working. Moreover,
this particular method is not usable for all time.
Inductive Reasoning: The particular procedure involves making useful simplifications
about the environment based upon an indispensable limited number of clarifications. Inductive
reasoning can look at the ideas, events, observations and outcomes of individuals. All these
factors are drawn together to reach a unified conclusion (WANG, 2008).
Mathematics: Here, the algorithm is a crucial tool for developing solutions for problems.
Moreover, the particular tool is a very systematic method of developing tools to identify the
problems and solve them accordingly. Based on the algorithm, the arithmetical procedure is very
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famous. The individual can assume the correct outcome by using this tool (WANG, 2008). The
particular method is very popular because it serves a standard way and problems that arise in the
company can be solved by implementing these standards. In some situations, these algorithms do
not work because it is time-consuming and sometimes discrete. Besides that, these algorithms
work with numbers, and all the problems are not always related to numbers.
Constructive Controversy: The particular tool occurs naturally when individuals with
opposing ideas have a desire to agree for their mutual advantages. The technique was introduced
by Roger Johnson and David Johnson. The tool helps in assessing different arguments in a
structured fashion so as to accomplish a positive outcome. Moreover, it is a powerful and
practical technique that helps an individual to test proposed solutions. Testing is done for
approval or disapproval of proposed solutions.
Heuristics method: The particular tool is an experienced based problem-solving tool
which is used for discovering and learning techniques. Also, it is sometimes called as
psychological technique, and it might not work in all situations. In organizations, the problems
which are based on continuous procedure can be solved by implementing this particular method.
The particular is not suitable for solving all types of organizational or individual problems.
Among other available techniques, brainstorming, DSS system implication, making of
negotiations as well as promoting collaboration are also utilized. Also, organizing voting will
provide a majority agreed solution. Brainstorming produces idea which could be innovative and
something new from the idea that have been analyzed before. It helps in discovering
undiscovered areas of the topic. Properly developed and designed system helps people who are
making decisions to fetch useful information from the available raw data, various business model
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and approaches. Collaboration has several positive aspects. It helps in combing thoughts and
views in order to get effective solution.
AC 4.2 Develop an appropriate strategy for resolving a particular challenge
One of the current problem is regarding the need of employing staff in the flagship store.
So, the formulated strategy will have an inclusion of following steps :-
 Investigate the condition so that individual’s accentuation is the issue, not just its
symptoms. Obliging methods at this stage consolidate using flowcharts to perceive the
exemplary steps of a methodology and conditions and final products diagrams to describe
and separate fundamental drivers. The person must review and report how frames at
present capacity. Evaluate the possible impact of new instruments and redesigned
methodologies in the headway of a model of "what should be."
 The individuals must put off the decision of one course of action until a couple of choices
have been proposed. Having a standard with which to consider the characteristics of the
last game plan is not the same as portraying the pined for the result. Standard licenses us
to evaluate the various proposed comes to fruition offered by choices. When you
endeavour to move in the direction of ached for results, it's to a significant degree
difficult to assemble incredible information about the methodology.
 Planning is another appropriate strategy to solve workplace problems. If a member of an
organization makes an appropriate plan, then the company can achieve organizational
goals and objectives by implementing appropriate programs (Training levels boosted by
professional training management, 2010). Another method is evaluation process which is
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concerned with the checking off steps made in a planning process. After getting the
result, the individuals must check whether there is any defect in the planning process.
 Leaders may be called upon to orchestrate the response for being realized by others,
"pitch" the response for others or energize the execution by including the attempts of
others. The best approach, by far, has been to incorporate others in use as a strategy for
constraining impenetrability to come about changes. Feedback channels must be
consolidated with the utilization of the game plan, to make steady watching and testing of
individual events against goals. Primary considering, and the systems used to decide
illumination must be active in an affiliation if the course of action remains set up and is
invigorated to respond to future changes.
 Moreover, the individual must evaluate and select and alternative method to resolve a
particular challenge in the workplace (Training levels boosted by professional training
management, 2010). An appropriate alternative method will solve problems without
causing other unexpected problems.
The need to employ staff for the flagship store and online business of the company can be
fulfilled if there is proper management of the needs and requirements of the company. The issue
of lack of employees can also be resolved by inviting more individuals for getting interviewed
and selecting the most deserving candidates. The company should place advertisements on
online platforms and deploy a team of individuals that will look after this matter.
AC 4.3 Evaluate the potential impact on the business of implementing the strategy
The strategies of problems solving impact on the firm. It is essential that the right tool is
applied to the particular problem in hand (Speculand, 2009). Besides that, effective problem-
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solving strategies and improvement of a process are two weaknesses of many organizations.
Most of the companies have challenges, and these problems are solved by using appropriate
strategies.
Moreover, the difference between the outstanding world class performance and the
average organizations is how well they react to the problems when they arise in the workplace.
After the implementation of the strategy, the organization can accomplish competitive
advantages by increasing the performance level of the employees. It helps in retention of skilled
employees and reduces the yearly turnover of employees (Speculand, 2009).
Problems such as communication gap between the members of the organization pose a
serious issue to the firm. Communication problems are solved by strategies which help in
improving the relationship between the employees and thus helps in the sustainability of the
business.
CONCLUSION
Not all human beings are same. Their personality, behaviour and characteristics of each
and every people differ. Therefore, the management should identify the need for various
employees and must try to fulfil their demand. Moreover, the motivated employees are dedicated
towards work, and these motivated workers must be retained in the organization.
The management should provide these employees with all types of benefits and
compensation for ultimate motivation. Teamwork is essential because its policy is decentralized.
Today, technology plays a significant role in the communication process. People are using
mobile phones as their communication media.
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