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1.0 Reflection on Key Learning
One of the topics, which we have learned in this course, is concerned with the tactics and strategies of opening a business based on the amount of capital at his disposal and the organizational culture implemented by a firm. From a personal perspective, opening a business demands capital and dedication to ensure that the career of an individual is successful. Carlsson, Eriksson and Gottfries (1) say that the efficiency wage and bargaining theory argues that organizations set wages above the level of market clearing and the level of labour demands determines the rate of employment. The significance of analysing the job market before deciding to start any business is significant since it offers an investor the ideas that are needed in identifying the level of competitiveness and the simplicity of joining that market. There are numerous theories that have been developed to examine the requirements that are needed before opening up a job.
Organizational behaviour plays an important role in the success of an organization since it impacts on various forms of communication strategies and exchange of ideas. This will be of huge benefit to my career choice since it will equip me with skills that are necessary when it comes to investment in small businesses. Studies have shown that alternative theories of the labour market have been used to analyse the variations in the creation of new jobs. For instance, search-matching theory argues that when it comes to job creation, an organization tends to depend on the presence of workers (employment) as well as the level of job openings in other organizations (congestion). Furthermore, efficiency wage and bargaining theory argue that the level of labour demand tends to determine employment creation while the market clearing level tends to influence the wage rate.
Research studies done to collect macroeconomic evidence from America and other nations argue indicate that creation of jobs and destruction of employment opportunities tends to co-exist in all stages a business cycle. Organizations tend to have different employment opportunities and experiences, even when they are defined narrowly during aggregate conditions. Mortensen and Pissarides (397) have developed a model that is concerned with the creation of jobs and destruction of jobs and they integrate it into a matching strategy to wage determination and equilibrium unemployment. This is an employment theory that tends to examine the way in which jobs are created in a specific market and the way jobs are destroyed. Organizations tend to experience different factors because of persistent individualistic shocks. This leads to different mechanisms of job creation and destruction, which can then be incorporated, into an aggregate behaviour that is concerned with employment creation and the level of unemployment.
This course has examined numerous job creation theories and models and how these affect investors opening up a business. The economy usually has diverse employment opportunities that tend to vary based on the values and aspects of the labour product. The design of each job aims at manufacturing a single unit, which vary from the common product. The variation tends to impact on the amount of price, which will be charged, and this is distinct in every employment that is subjected to individualistic risks as well as productivity and taste shocks. It is also commonly assumed that an investment tends to be irreversible and this implies that an employment opportunity cannot be switched based on the variation of a product that has been created. Therefore, before investment, an entrepreneur must put into consideration the technology that is needed and ways in which different products can be varied.
2.0 The Essay: Organizational Behaviour
Organizational behaviour can be defined as a way in which a firm manages the way employees communicate with each other and different stakeholders. Coca-Cola is a beverage company that manufactures and distributes soft drinks across the world. The company has managed to expand greatly to become the largest manufacturer of soft drinks because of its organizational culture, unique brand, and effective marketing strategies. Since it was founded in 1886, Coca Cola’s distribution system has been instrumental in enhancing the competitiveness of the company and enhancing the brand. LePine, LePine and Jackson (883) say that the way an organization manages hindrance stress and other challenges tend to influence the relationships, which employees form as well as performance in the organization. Coca-Cola has established an organizational culture that tends to motivate its employee to communicate openly whenever they are faced with challenges.
According to a study done by scholars, stress related challenges that are in a learning environment could have a positive impact on the learning performance and the activities of employees. However, stress that is related to various hindrances present in the learning environment can lead to a negative impact on the learning performance (LePine, LePine and Jackson 883). Coca-Cola focuses on meeting the demands of its customers, employees, clients, and other stakeholders. This is done by developing effective communication channels where employees go to the market with the aim observing, listening, and learning. The main aim of this strategy is to ensure that it fulfils the needs and requirements of customers and this is done by creating an organizational culture that appreciates the demands of all stakeholders.
The organizational design of Coca-Cola places emphasis on “being the brand” where employees are motivated to inspire passion, competitiveness, merriment, and optimism. Studies have shown that the company tends to meet the ever-changing demands of its customers to ensure that it remains competitive. The company also establishes an organizational culture that rewards innovativeness. Flinchbaugh, Luth and Li (324) argue that when employees are able to understand the impacts of stressors, they will have a better opportunity of thriving on the satisfactions that are present in the environment. Therefore, an organizational culture plays an instrumental role in influencing the way employees react to workplace challenges and stressors and these impacts on the productivity of the organization. Despite the fact that huge amount of research studies have been conducted on the effects of life satisfaction and stress, very few studies have been done to combine the two factors.
The management team at Coca-Cola has realized the significance of decentralization and the company currently operates as a bottling firm and a section of corporate affairs. This enables the company to react effectively to any local changes and alteration of market demands while focusing on long term demands. Studies have shown that organizational culture and other communication strategies play an instrumental role when it comes to the establishment of an effective working environment. Patrick, et al (1) say that when an employee is in his specific employment, the training outcomes and pre-training attitudes will influence his participation in the learning processes. These learning processes will then affect the productivity of the employee and that of the entire organization. Coca-Cola has gone a long way in establishing training programs that improve the productivity of its employees. This is because the cognitive capacity does not explain the reasons why some employees tend to perform better than others do after training programs.
There are various theories of communication and organizational culture, which tend to examine how an organization performs and how they affects human relations. For instance, the discourse theory of storytelling tends to examine the actual chronology of events and how they unfold in a narrative. Discourse also examines how the story is reconstructed starting from the chronological sequence up to the time when the event actually occurred (Tomascikova 281). Theorists of narratives argue that narrative texts contain two levels, which include what the story is being told and how it is told. Discourse is described as the group that is made up of differ...