4 Jan 2023

56

The Business Environment and the Factors That Affect Successful and Unsuccessful Businesses

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Academic level: College

Paper type: Essay (Any Type)

Words: 304

Pages: 1

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The article talks about the business environment and the factors that affect successful and unsuccessful businesses. The authors dwell on research based on the creams and decks in organizations. From the studies conducted, the cream rise to the top in successful organizations while the decks do the same in unsuccessful organizations. The authors suggest the reason for this is that employees that are more desirable and successful tend to have more opportunities to leave organizations that is about to decline. This therefore leaves room for the less desirable and talented employees to make their way to the top and eventually become the heads in organizations. This trend is very popular considering that the more desirable employees feel like they add a lot of value to organizations and may seek to find ‘stable’ workplaces because they know their worth. The decline in organizations may however be temporal since the business environment does not necessarily provide stability. This means that leaders in organizations should take into account such events and keep their employees motivated. Organizations need to perfect their art of identifying valuable employees and have incentives and programs that are geared towards retaining them. This is a precautionary measure, since the organization can tell when such as situation is about to happen, this calls for early preparation to avoid this decline in a full-blown decline. Employees need to feel safe at the workplace, with good programs in place, the employees may see the need to remain in the organization and work towards making it improved during the times of decline. This however does not mean that the company should ignore employees who seem to be weak and not very desirable. The organization can identify what they are good at and give them a good training in that area so that they may be more productive to the organization during rough times (Bedeian & Armenakis, 1998). 

Reference; 

Bedeian, A. G., & Armenakis, A. A. (1998, February). The cesspool syndrome: How dreck floats to the top of declining organizations. The Academy of Management Executive , 12(1), 58–67. 

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StudyBounty. (2023, September 15). The Business Environment and the Factors That Affect Successful and Unsuccessful Businesses.
https://studybounty.com/the-business-environment-and-the-factors-that-affect-successful-and-unsuccessful-businesses-essay

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