Management & Organisational Behaviour - The Change is Coming Essay

Management & Organisational Behaviour - The Change is Coming - Essay Example In case of Tracey Foods Production, employee motivation is likely to go down because of the expected changes in the organizational systems. In this case, it is the responsibility of the managers to take effective steps to build the level of employee motivation to make them put their efforts in increasing the productivity of the company. Communication with employees and other staff members is also necessary in order to make organizational changes effective and result-oriented. Moreover, the top management of the company also needs to take effective steps to restructure the culture and work approach in order to make the company accomplish its goals effectively and efficiently. Answer 1: 1. Need for Increasing Motivation Motivation is the key to increased employee productivity. It is imperative for the management of a company to take effective steps to build employee motivation. Williams (2010, p. 1) states, â€Å"Motivating people to do their best work, consistently, has been an endur ing challenge for executives and managers†. However, employee and management motivation could be affected due to the changes that are brought within an organization due to the variability in internal and external environment. ... Those human needs include need for power, need for affiliation, and need for achievement. The top management of Tracey Food Production can use this theory to make employees aware of their needs of power and achievement which can ultimately be used for increasing the motivation level of employees in spite of of the all anticipated changes. 2.1 Need for Power One of the needs of employees is power. Employees want to be included in decision-making matters, as well as in other managerial affairs to some extent. To build employee motivation companies can share some management power with the key employees. They can also involve the employees in decision-making matters to make them feel valued. Moreover, consulting employees in making different business strategies, as well as in setting employee benefit strategies can also prove effective for a company. It is a fact that every employee wants to be taken into consideration during the phase of decision-making or strategy development. Therefor e, if Tracey Food considers these needs of employees while developing or implementing strategies, the results would definitely be good for the company. for example, if the management invites employees to give their suggestions in business planning, they will feel valued and the level of their motivation increase will increase as well. 2.2 Need for Achievement The need for achievement is the need of an individual to accomplish his/her personal and professional goals. Tracey Food Production can make employees aware of the importance of achieving company’s goals in a timely manner. The top management of the company can motivate the employees to work hard to get better job positions which can play a significant role in the accomplishment of their personal goals. Moreover,

FRS 5 Case Study Example | Topics and Well Written Essays - 1500 words

FRS 5 - Case Study Example The principle of FRS says that legal characterisation of the transaction should not be affected. The principle of the FRS 5 can be discussed through two factors. 1) Features of more complex Transactions. The link between the transactions should be created as that the commercial effect can be made out, considering the entire series. It should be ensured that with the separation of legal title, exposure of the risk inherent in the benefits can also be possible. Inclusion of the option is also necessary. There are certain transactions, those are accompanied by an option instead of commitment to the original owner or to the owner to repurchase or to the buyer to resell.2) Assessing commercial effect by considering the position of other parties. While assessing the commercial effect, it is important to consider the position of the related parties to it along with the motives of agreeing to its apparent expectation. It is important to have commercial logic to all of the related parties irr espective of whatever the substance of transaction is. Regarding the recognition of an item in the balance sheet, there are two conditions that it has to fulfil after meeting the definition of assets or liabilities. Those conditions are as follows: If there is an appropriate evidence of the benefit of future inflow or outflow along with the sufficient evidence of the existence of the item.The item should be measured by the monetary aspects.. Basically, FRS 5 has two key paragraphs which indicate the disclosure required for the complex transactions.