English Essay Example | Topics and Well Written Essays - 750 words - 41

English - Essay Example Young managers are vulnerable to make wrong decisions if they do not work with educated and ready-to-learn employees. As they are educated and with open minds, freshmen employees at the workplace are easiest to work with. They have innovative minds influenced by academic experience they have regarding the application of logic and proper management of resources. Operations managers do not hire workforce within the corporate environment. However, they have to work with the workforce hired and assigned to them by the human resource department. For employees with higher education, the process of selecting the most suitable option becomes complicated as possession of knowledge in different areas allows each employee equal chances of performing as good as the other. In this case, operations managers supervising employees with higher education experience develop reliable operations teams. As much as higher education provides opportunities to the student for getting well-paying job, it also complicates the operations’ manager’s ability to make decisions. With equally qualified employees or prospective workforce, it is the manager’s nightmare in decision making especially in promotion recommendations. However, the effect of higher education to the employees is that any given recommendation for promotion is likely to be a wise decision regardless of the fact that better options can be at disposal. In all industries, tech or otherwise, operations management is likely to be deemed inefficient if it cannot meet deadlines on projects and other duties. One major problem associated with the challenge of not meeting deadlines is having to deal with non-cooperative employees. It is not the duty of modern manager to micromanage (supervise the least of activities per individual employee) employees or to follow each around reminding them of their duties. Employing employees with higher education experience makes it possible for the

Corporate governance for lebanese SMEs Essay Example | Topics and Well Written Essays - 750 words

Corporate governance for lebanese SMEs - Essay Example This study hence is an analyzing assessment for whether this model would be, to any extent, applicable to the Lebanese context. It reveals the results of the first phase of an ongoing research aiming at investigating the extent to which the Anglo-Saxon System of Corporate Governance be adopted by companies in Middle-Eastern countries, specifically the case of SMEs in Lebanon?Identifying whether it contributes in improving or hindering their performance? Using a purposeful sampling approach, semi-structured interviews and focus groups technique is applied to 90 owners/shareholders, managers and employees from the trading, hotel and restaurant sectors that dominate Lebanese SMEs (table 1) and comprise 50.40% of the total population.This technique provides the advantage of comparing all participants’ responses to the main question and provides more in-depth information that cannot be obtained through questionnaires. This discussion answers the above mentioned research questions t hrough adopting the interpretive approach and a thematic analysis. Data will be collected and interpreted deeply in order to identify the extent to which socio-cultural factors affect a firm’s corporate governance structure and hence its performance. 1.1 Purpose of the Study According to the literature, there are much more forms of corporate governance, based on different structures of ownership and affected by large variations of cultural background, legal framework, political environment and economic climate (J. Solomon & A. Solomon, 2004). The â€Å"fit† between cultural values and organizational structures resulted from a fusion of human culture with the models of organization; therefore, it is recommended that organizations enter into arrangements that match with our basic cultural perspective (Hofstede (1991). In other terms, the organizational structural elements are shaped by values that are compatible with and suitable to cultural values as a component of the organization’s implicit models (Hambrick & Brandon, 1988). Swidler (1986) argues that organizations can be viewed as social entities integrated into the institutional and value structures constituting the culture of a society; in this view, organizations and societies tend to reflect each other structurally. In particular, national cultural differences influence the shape and functioning of organizations (Hickson & Pugh, 1995; Hofstede, 1991). Besides, literature found that good governance has a positive impact on organizational performance. Gemmill and Thomas (2004) note that good corporate governance and firm value are positively correlated. Corporate governance mechanisms can guarantee for shareholders an adequate return on their investments (Shleifer & Vishny, 1997). Given the culture-structure link and the correlation between good governance and performance, the purpose of this study is to identify the extent to which corporate governance model in Lebanon fits with the A nglo-American model. If it fits, the objective of the study will be how to maintain it? If not, the study will analyze the benefits of proposing a new model of corporate governance or adapting the existing one. 1.2 Nature of the Study The empirical analysis contained herein is of qualitative nature. Qualitative research seeks to understand the social world from the perspectives of research participants and the detailed descriptions of their experiences (Myers, 2000).The richness and depth of explorations and descriptions represent one of the