Showing posts with the label management principles

Improving Employee Empowerment in Organizational Culture

Empowering employees is more that offering a few trinkets of appreciation and turning a backside to fundamental principles. Improving employee empowerment requires consistent positive affect of behavior that builds trust and commitment to organizational expectations. Through proper management techniques employee empowerment can lead to a higher functioning organization. Empowering employees has a number of benefits for companies that seek to make improvements within their organizational approaches. Employee empowerment has been seen as a way to increase motivation, morale, satisfaction, commitment and innovation (Ford & Fottler, 1995). These elements work together to create a stronger organizational approach to employee management. According to Thomas and Velthouse (1990) empowerment is associated with intrinsic task motivation. Such task motivation reflects four cognitive approaches which include meaning, competence, choice and impact. Through positive affect in these areas em

The Bounded Rationality of Stakeholder Theory

Stakeholder Theory is an organizational management perspective that attempts to defined the nature and purpose of firms/corporations within society. According to its founder Milton Friedman, the purpose of a firm is embedded almost exclusively in the production of wealth for shareholders (Friedman, 1970). Since this time, the concept of stakeholder has been expanded to include the idea that other entities have a particular stake, or interest, in the organization and can influence its success or failure. The theory defines who are the stakeholders in an organization and their rights and obligations to the shareholders as well as society in general. The root of the theory is based off of the premise that its purpose is the, " identification of moral or philosophical guidelines for the operation and management of the corporation " (Donaldson & Preston, 1995). The theory helps to foster the understanding that the needs of the owners should be realized first before other con