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W.L George Associates: Innovative Strategies for Business Growth and Success

   

Added on  2023-04-26

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Management
(Student Name)
W.L George Associates: Innovative Strategies for Business Growth and Success_1

Management 1
Table of Contents
Introduction................................................................................................................................2
Distinct Features of W.L George Associates.............................................................................2
Merits and Demerits...................................................................................................................4
Merits......................................................................................................................................4
Demerits.................................................................................................................................5
Approaches Adopted by Other Companies................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................9
W.L George Associates: Innovative Strategies for Business Growth and Success_2

Management 2
Introduction
W.L George Associates is one of the companies who has embraced certain innovative
strategies and concepts to achieve growth in their business as well as can able to compete in
such competitive market in more effective manner. Innovation play a prominent rile on the
growth and success of any business (Grant, 2016). W.L George Associates has adopted
innovative manner to grow their business. The company employed 8500 employees with the
total revenue of $2.5 billion. Such company expand their business in 24 countries at the
global level (Center, 2016).
In the following part there will be detailed discussion on the organizational structure of the
company and their significance of adopting different approaches in the workplace.
Distinct Features of W.L George Associates
W.L George Associates have a very distinctive style of working around in the industry.
Standards management polices formed or say common management practices were not
entertained in their organisation. This can be simply be embarked by the position of
designations or posts in the organisation “THERE were no designation plates and normal
symbols of team hierarchy are also not in the picture.” All other organisations have proper
way of designation of officers, staff members which follow a perfect hierarchy in the flow of
communication of information an organisation which is as big as a company of $2.5 billion
with over 8500 employees working for it daily with a network in around 24 countries does
have only “associates” embarked in the whole company with no prestigious designations still
working as a whole one company (Daft, 2015).
Innovation in the business helped George to get throttle to full speed in the industry and earn
profits. According, to W.L George the management should be in the way that people who are
working for goal in an organisation with different aspirations in life to get succeeded has to
get pumped up or say motivated to a very heavy extent in the organisation so which will
increase the genuine nature of the staff towards organisation by giving their best for the
organisation and achieving the goals set out for them in real time with cost and time
effectiveness (Smith, Lewis and Tushman, 2016).
PERSONAL DECISIONS
W.L George Associates: Innovative Strategies for Business Growth and Success_3

Management 3
In George associates there is system which states to us that the personal decision of any
worker can be or say will be imposed on the organisation till the time they are giving best
results and output to the organisation. Interest of the company is being in proper follow of
achievement in the process of running business. Fair decisions taken by the staff of the
George associates should be in the same rhythm as they have thought about in the planning
sections of the decisions. Best results are very much expected in the organisation which will
communicate the feeling of coordination in the work to be performed and the commitment of
the employees towards their organisation in a suited and flexible way.
NO BOSSES NO LEVEL OF AUTHORITY
W l George always had in its mind that there should not be any kind of authority above one
another in the organisation as it will create an ambiguity in the organisation. No bosses above
the working staff encourage their work for the company, commitment to produce best out of
the rest left in the organisation. Hierarchy of a proper business corporate is not the type of
management process to be followed in the company. Expectation will not be the part of the
regular course of business as there will be no body to ask the question about the work and
there will be no one to answer the orders and commands. No targets will be received by the
staff members or associates from the bosses and no boundation will be set for them to
complete them in a hurry or a stipulated time limit in the company otherwise consequences
will be very much different and not breathe taking. In this system there will be such or small
amount of expectations from the associates by the boss which can be converted or they will
be converted in the personnel commitments for the organisation by its staff members
(Widiger et al., 2018).
SPONSORS PAYMENT
Sponsors are being set for the different associates working for the organisation of W.L
George. It was meant in way that when staffs is being put down in the organisation for the
work according to its ability and talent which he has for the work is being targeted buy the
particular sonsor for him. He will act as promoter for him in the organisation. All the pushes
for a employee to be selected in the organisation will be set through him only. All the work or
say extraordinary work performed by the associate will be gifted and funded by the sponsor
himself which will give a boost to the urge of doing business in the organisation (Lin et al.,
2016).
W.L George Associates: Innovative Strategies for Business Growth and Success_4

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