The paper "Elements Essential for the Success or Failure of an Organization" is a good example of management coursework. There are several elements that are significant in determining the success or failure of an organization. Leadership is a common and known factor. However, other issues such as integrity, knowledge, environment, employee engagement and strategy are crucial too. This paper discusses these factors and how they influence organizations towards success or failure. Integrity Integrity is a basic challenge that most organizations face in the effort of standing out in the dynamic world market. Companies need to adjust in their behaviour both internally and externally in order to be successful in the economic arena (Nash, 2006).
It is believed that without integrity as a value within an organization, the latter’ s business is bound to be short-lived. If a company embraces integrity value at the lowest and the superficial levels, integrity becomes its centrality of life that defines its identity and culture, hence making the difference between the organization’ s failure and success. When it comes to management, integrity is intricate to define. Scholars have tried to focus on what it entails but in varying perspectives.
Some scholars associate integrity with a characteristic of personality which results in various levels of unethical or ethical behaviour. All in all, this paper focuses on the significant attributes of integrity. There are five various ways that integrity is used in the literature of organizations: under adversity as consistent, being truthful to oneself, wholeness, consistency between actions and words and as an overall manner of being ethical or moral (Amann and Stachowicz-Stanusch, 2012) Amann and Stachowicz (2012) argue that integrity as a value is one the most crucial humanistic management’ s assets since one cannot consider a business as ‘ an organization of capital goods’ but ‘ an organization of persons’ in the first place.
Many contemporary organizations base their strategies of integrity on initiatives with common structural characteristics like code of conduct, controls for adherence of the company’ s standards and laws, among others. Firms express their integrity in forms of statements including the value statements and mission of the company. Through the adoption of integrity at the core of an organization, is a roadway to survival in the world’ s marketplace.
Even though integrity is seen as a personal virtue, its understanding is solid within an organization and between and among people’ s relationships. This implies that a firm can only succeed by employing the principles of humanistic management since these principles are critical in managing human resources, that is in line with considering human beings as a core of a firm (Havard Business School, 2011). Knowledge According to Amar (2002), it is nearly impossible to compete in the global contemporary markets without efficient knowledge use in the operations of an organization.
Myriads of firms employ knowledge in forms such as computing, scientific innovations, information technology as well as the internet. The strategy is adopting new and creative ways of knowledge to get a leap in the competitive business world as well as to stay effective and efficient when it comes to production. Such organizations utilize contemporary specialized and scientific knowledge, information technology and computers as elementary inputs of their general operations. Amar (2002) calls such companies ‘ Knowledge Organizations’ . For instance, a management information system (MIS) entails organized procedures, databases, software, people as well as devices which are essential in delivering information to decision-makers and managers on a routine basis.
This MIS is focused on the efficiency of a Knowledge organization’ s operations. It supports marketing, manufacturing, finance, production as well as other active actors of an organization through linkage of a common database. A vivid case study is the Dell Company whereby its computer utilized the software of manufacturing MIS to create various reports on its costs and processes of manufacturing. Dell Company’ s product variety doubled and at the same time saved approximately $1 million in the costs of manufacturing every year (Reynolds and Stair, 2011).