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People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis.
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People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis.

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Presentation By the MBA Group Pinnacle at LondonSam on 2 July 2009

Presentation By the MBA Group Pinnacle at LondonSam on 2 July 2009

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  • This website can be a useful resource to find out what started the financial crisis http://www.financialcrisis2009.org
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  • good work guys.. good luck for the presentation
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People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis. People Management and Organisation Behaviour Dimensions of Management in the Current Economic & Financial Crisis. Presentation Transcript

  • People & Organisation Behaviour Management in the Current Economic and Financial Crisis.
    By: Pinnacle
    Obi, Martha, Lele, Ruchi, Jyoti, Saneeta, Mirabel, Atam
  • What is the Credit Crunch?
  • How did this happen? This is how:
    Inappropriate mortgages sold by mortgage lenders
    Laxity in control measures over the sale of mortgages
    Increased default caused and brought house prices crashing and the housing boom came to an end
    Group Name
  • The United Kingdom
  • ECONOMIC ISSUES
  • How the Credit Crunch affects UK economic activity
  • UK short term interest rates
  • UK Unemployment - LMS and Claimant Count (thousands)
  • How Economic Factors Affect People
  • How Economic Factors Affect People
  • Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch
    This case study will look into two important concepts related to people
    management which are:
    Argyris’s Psychological Contract – Term first coined by Argyris (1960) to refer to employer and employee expectations of the employment relationship, i.e. mutual obligations, values, expectations and aspirations that operate over and above the formal contract of employment
    Frederick Herzberg’s motivational theory – Herzberg was a clinical psychologist and is regarded as one of the great original thinkers in management and motivational theory.
  • Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch
    Suzanne Malcolm- Sr. Recruitment Consultant since last 10yrs at ABC Ltd. specialising in Retail Recruitment
    Reporting to Director – Mr. David Jones and was happy and satisfied with her job . Had developed good interpersonal relationships and shared a positive psychological contract with the Company.
    Herzberg’s Motivators
    Organisational Commitment
    Suzanne
    David Jones(ABC LTD)
    Psychological Contract
  • Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch
    Effects of change on Suzanne:
    • Business targets go up by 25%
    • Employment terms changed to Contractual Employee from permanent Employee
    • Suzanne was unhappy and the only explanation she got from her boss was that it was all due to the recession and tight financial conditions of the company
    CREDIT CRUNCH
  • Suzanne Malcolm- Case Study of how People Management is affected by the Credit Crunch
    Herzberg’s Motivators
    Psychological
    Contract
  • Frederick Taylor : Theory of Motivation
    Mr. Ryan Taylor, a senior investment banker working for ABM Bank Plc. UK, since last 15 years. Perceptibly earning good amount of salary.
    Eventually due to credit crunch and government impositions, his bonus was reduced by 60%.
    This uninspired and de-motivated Mr. Taylor, though 40,000 p.a. is still a big sum of money to be received as bonus.
  • Elton Mayo : Theory of Motivation
    • Jason Knoll, MD of Shell earning £1.5 million bonus p.a.
    • Recently made a statement in the financial times that rise or decline in the bonus will not affect his performances, as bonus is not an inspirational factor for him.
    • Hence, due to credit crunch the organisations must now switch to non financial methods of motivations and incentives.
  • Non-monetary methods of motivation during recession.
  • SOCIAL ISSUES
    - Who is Affected & How?
    Job Losses, Health
    Lifestyles; spending,
    Borrowing & Eating
    Habits.
    Pension schemes, Investments, crime
    Group Name
  • SOCIAL ISSUESWho & How?
  • CASE STUDY
    37-year old Phil a worker in the construction industry
    Secure employment.
    Good qualifications & experience
    A lovely house & girlfriend
    Redundancy
    No job, lost home, girlfriend left, lifestyle change
    World crumpling down
  • The Role of AnimalSpirits
    • Never understand important economic & financial event.
    • Confront the fact, causes largely mental in nature.
    • What had people been thinking? Why no notice till real events upon us?
    • The simple answer. Re –assurance by an economic theory, safe ok
    • Adam Smith – Rational Knowledge - deficient
    • John Maynard Keynes - Irrational Knowledge
  • The Role of AnimalSpirits
  • Positive Outcomes
  • Interesting Outcomes
  • Conclusion
    I brought chaos and destruction to New York's financial district...
    I hear you get a bonus for that...
    Depending on our pleasant and unpleasant experiences, we can keep on speculating about the whole crunch. In short, we Pinnacle conclude that people issues caused this crisis and that we all need to be ever more responsible towards our actions in the economy that we are a part of, otherwise this monster of capitalism which was overfed by the financial terrorists will give constant blows of cyclical ups and downs to all of us...
    When the next one happens,
    Wait and Watch…!!!
    Thank you all for listening