Organizations rely on different strategies to ensure that employees' actions align with the company's goals. Some methods, like clearly stating the company's mission, help employees understand and uphold the organization's values. Meanwhile, budget controls are put in place to manage resources effectively, especially when there's a lack of complete information. We conducted a study to see how these strategies together affect "budgetary misreporting," which is when inaccurate information about finances is provided. Our findings showed that when a company prioritizes integrity in its mission statement and combines it with budget controls that anticipate managers may act in their own interest, there's less misreporting. However, if the mission statement solely focuses on financial performance and uses the same budget controls, misreporting persists. This suggests that the combination of values and controls plays a crucial role in preventing misreporting and achieving organizational objectives.
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The difficulty in leading and parenting is striking a balance between authority and freedom. According to Diana Baumrind's study, the most successful parenting style is authoritative, which fosters autonomy within a set framework. Authoritarian, permissive, and neglectful parenting styles are identified. In a similar vein, effective managers adopt the tactic known as "freedom within a framework," granting staff members independence but instituting necessary rules to guarantee alignment with company objectives. This compromise encourages development and responsibility in both home and work environments.
An Indian industry came up with a clever solution when persistent absences started to negatively affect its operations, according to research headed by Jorge Tamayo. Despite absentee rates as high as 11%, supervisors had tacit arrangements with other departments to swap out employees as required to keep production going. This approach performed better than the formal approaches, highlighting the critical importance that interpersonal relationships play in sustaining productivity under trying circumstances.
The article "Lessons from 5 Leaders Who Changed the World" explores the methods, approaches, and/or characteristics of different leaders that eventually contributed to their achievements in life. Prominent figures like Steve Jobs, Bill Wilson, Sarah Breedlove, P.T. Barnum, and Mary Kay Ash are mentioned in the essay. A good deal of the material in the article was already familiar to me. I learned this information from my studies, extracurricular activities, mentorship, and classes. For instance, I was well aware of the value of networking, getting rid of ego, and getting to know your audience better before reading this post. Despite this, I found Mary Kay Ash's "advice" to be unique and noteworthy. Mary Kay Ash asserts the potency of praise and suggests that criticism ought to be shunned. She also says that if criticism is necessary, it should be preceded and followed with praise. This startled me since I had always thought that criticism was good because it's usually constructive and helps things get better. Depending on the recipient's perspective, it may also be inspiring in certain situations. Before reading this essay, I firmly believed that too much praise is ineffective since it breeds a false sense of success and saps the will to do better. However, after reading about Mary Kay Ash's life and how praise from her parents aided in her success, my previous perspective regarding excessive praise has altered. I also aim to apply what I have learned from Mary Kay Ash's advice in regard to providing criticism; to "sandwich" criticism in-between praise.
Reading this article taught me how important active listening is for interpersonal skills and effective communication. Prior to reading the three pieces, I was aware of the concept of listening, but the articles go into further detail about what it means to listen actively and sympathetically. The article "Honing Your Listening Skills" emphasizes that comprehending the verbal and nonverbal cues being communicated is just as important to effective communication as simply hearing the words. Focus, meticulous attention to detail, and effort are necessary for active listening in order to comprehend the feelings and viewpoints of the speaker. The article also breaks down the 5 types of listening: passive, selective, competitive, active, and reflective. This analysis sheds light on the subtleties of listening behavior. People may find areas for improvement and become more aware of their listening habits by learning these different styles of listening, in my opinion. All things considered, active listening is an essential interpersonal ability that fosters clear communication and helps forge closer relationships with people.
The obligation we have when using the internet is known as "digital citizenship." The internet has access to our personal information, our social media posts, and our interactions with others. Being aware of what we want other people to view is important for effective digital citizenship. This is because a lot about who we are can be found on social media. Behaving well toward others and sharing positive messages is crucial because it fosters a secure atmosphere for all users on the site and gives us a positive online image.
The world is connected through the internet. In this way, posting something online might be beneficial. We have access to a vast global network of people with whom we may communicate and share our ideas, emotions, and experiences. We may display our creativity on these social media platforms and attract attention from others. This is fantastic if you want to expand your company or advocate for a cause that is important to you. Nevertheless, there may be drawbacks to these advantages as well. The biggest concern within the online world is privacy. So many apps promise privacy to your personal information, yet some of the biggest media platforms (Facebook, Snapchat, Instagram) have had breaches within this policy. You never know what could be leaked out for the whole world to see, and with this risk, comes cyberbullying. For some, hiding behind a screen could be great; they can show their thoughts to the world without the anxiety of doing it in person. But, this goes both ways. The other person behind the screen could post hate speeches, and harass and bully others online. They feel as if there is no consequence because they too are behind a screen. 6 Strategies for Building Socially Responsible—and Profitable—Companies, Lane Lambert, 2022 This article is about a Harvard business school professor by the name of George Serafiem questioned why, although some businesses did not work with a view toward the larger good, others did. He would always get the same result when he asked why, which was “Corporate leaders thought social and environmental practices were soft” and that it is just a drag on the business. He would release his own book which covered his key questions and theories and answers the questions that he used to have, and also how businesses could produce better social and environmental outcomes. In the book, Serafeim outlines six main methods that companies can adjust to the changing landscape of business. His book tells stories of individuals in every stage of their career seeking management and entrepreneurial efforts in order to change the world in a way that satisfies their own personal goals. I can use the information from this article in the future because I want to open up my own business one day. Reading and finding out that businesses and organizations think good environmental practices are “soft” rea;;y surprised me and that's not the type of owner that I want to be. Keeping good care of the environment while running a business is very important to me and when I eventually do open one up, I am going to make sure that It can adapt to the changing world.
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May 2024
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