HOW TO BE AN EXPERT DECISION MAKER “Stay committed to your decisions, but stay flexible in your approach.” Tony Robbins Whether you are a manager at a company or a regular person in daily life, everybody makes countless decisions throughout their lives. Some of these decisions require little to no thinking and analyzing. They are so easy to make in fact, we don’t even realize that we are making them. However, decisions that require analysis and thorough thinking tend to be not so simple to make. This is where different decision-making strategies come to play. These strategies are commonly used … Continue reading Decision Making

DOES SIZE MATTER WHEN DRIVING INNOVATION AND CHANGE? Big or not, every organization are affected by the changing environment resulting new technologies and innovations. As it is known, big companies like Microsoft, Apple, Amazon and so on, established the corporate culture of simultaneous change and innovation such as Artificial Intelligence: Siri launched in 2012; cashier-less smart-store of Amazon Go. However, how do small business like Family Businesses adopt such advanced changes in technologies and how do they cope with it? Small Business Through Change: Family Businesses Adopting Innovativeness    For organizations, coping with new technologies and innovations are considered vital for competitive … Continue reading Innovation and Change

ORGANIZATIONAL CULTURE Culture is the word that can be understood in different ways. Culture has a significant place in society as well as in organization which affect its performance. Apart from culture, organizations are also playing an important role in our society. Organizations can be related to companies; schools, agencies, unions etc. In the past, organizations were denying the effect of culture in the organizations. Nevertheless, throughout history culture shows that it has effect on economy and organizations. In the upcoming paragraphs, we will be answering three different questions; “What are organizational culture and its stages?”, “What is the importance … Continue reading Culture

How Information Technology Is Changing The Nature Of Work And The Organization? “Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the other.”- Bill Gates Introduction: Globalization and competition among the companies have led to the expansion of the organizations and complexity in their structures. Information Technology can be used to manage and control this complexity. The bar graph below shows the annual spending done by corporations on information technology from 2014 to 2017.  From the above graph, it is quite clear that the spending on information technology … Continue reading Information Technology

IS INFORMATION TECHNOLOGY A PROBLEM SOLVER?“ “It has become appallingly obvious that our technology has exceeded our humanity.” (Albert Einstein) Introduction Information technology (IT) has a large impact on productivity growth which has been widely studied during the last decades and the result is that IT adoption makes firms more productive. Firms increase their efficiency of production as defined by the ratio of output to input. Inputs are all the resources an organization use to produce the end material such as labor and raw material. Therefore, productivity growth comes from new technologies and new techniques of production and distribution. At … Continue reading Technology and Design

STRATEGIES FOR YOUR BUSINESS TO COPE UP WITH ENVIRONMENTAL UNCERTAINTY Have you ever even considered environmental uncertainty while moving your business into a different level? If the answer is no, this article will give you a broad remark of the effects of uncertainty on your moving business. If the answer is yes, you can still enhance creative solutions for your business to handle the rapidly changing environment.  Strategic planning and uncertainty should be thought as two inseparable pieces of the same front because companies and organizations are bounded to develop and compete in a world dominated by complexity, ambiguity, and uncertainty. Since they are … Continue reading Environment