Subject : The key to Wealth Creation .Excerpts.Organizations will have to live with increased competition that will call f...
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Organisation of the future

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Organisation of the future

  1. 1. Subject : The key to Wealth Creation .Excerpts.Organizations will have to live with increased competition that will call for fasterdecision making. In addition Companies will have to factor employee/Associate’s needsto help them find more meaning in their lives.Two main drivers of Change in this millenium are infotech and the human quest for amore meaningful life. This mingling of the IT revolution and the personal awakeningwill have an impact on the future, and the key to this will lie in the integration of thevarious facets of the job.P-business stands for business by the people, for the people and to the people. The oldermodels of business have given way to the new knowledge based models. In a portfolioanalysis of the functional specialization in Business schools, the epicenter reveals thetrend of marketing with technical competence. As far as specialization in humanresources management is concerned, the trend has been downward except for a fewinstitutes which have maintained their vision of providing students the ability to foreseechanges from a mass manufacturing economy to a knowledge – based economy; therelevance and goal of the learning process, obsolescence of traditional methods andunderstanding of motivational strategies designed by companies for people whoseskills are required, but who are not likely to remain.Therefore there is a greater need to address the core issues of human resourcemanagement which can be segregated as:1.End to Lifetime employment. In a Company, which does not focus on providinglifetime employment, the thrust is on creation of value and the enhancement of skills.2.Increasing participation of women.3.Dominance of technology. This will be a source of stress and this factor will have tobe taken into account continuously.4. Freedom of operation. Companies, which do not provide this, will always run shortof talented people.5.Changed organizational structures. From hierarchical control driven to flatterorganizations.6.Integration of cultural diversification.7.Creating symbiosis of Knowledge.Organisations of the future will comprise highlyskilled associates who will keep seeking opportunities to develop their skills optimally.Internal practices should provide for confrontation management.8.Recruitment filters.People who can live with ambiguity and develop an ability tohold two diametrically opposing views in objective balance are the most likely ones tohave the deciding influence in the success.IT and human awakening promise to create organizations that are flexible and dynamicWith networks of empowered and intelligent associates, free of the drudgery of routine.The successful marriage of committed people and benevolent organization createswealth. That could well be the way of the organization of the future.

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