Accounting technicians scheme west africa
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- 34 (ii) The human resources
- (iii) The financial position of the company
| (i) Owners and ownership structure Owners do influence the power structure in an organisation. The type of ownership structure or shareholder structure in a company has implication on the nature of interpersonal and group processes that are manifesting in an organisation. A sole proprietorship company will have a different communication pattern, pay structure and tenure security or employment security from a public owned corporation. These differences inevitably affect managerial and non-managerial efficiency and motivation at work. All things being equal, a public corporation should have a work environment that is less restrictive, more permissive, more accommodating, more job secured and more motivating than a sole proprietorship. 34 (ii) The human resources The company’s human resources in marketing, finance, production, research and development (RD, and the overall image of the company in these areas have implication on the company’s ability to exploit opportunities and strangulate threats. The quality of the top management of the company in the functional areas of business will have implication on the quality of the strategy being articulated by the company and overall well-being of the company. (iii) The financial position of the company Another internal element of an organisation is the financial status of the company. A company that has a strong financial base will have the muscle to employ competent human resources who can easily identify opportunities that the company has the financial capability to exploit. The competent human resources can easily design appropriate strategies to convert threats to opportunities or reduce the negative impact of the threat substantially. Download 3.37 Mb. Share with your friends:
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