Who are the reasons behind a successful company?

Discussion in 'Growing and Managing a Business' started by dobiloan, Feb 1, 2015.

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  1. dobiloan

    dobiloan
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    Who are the reasons behind a successful company?

    Is it the
    -Top Management
    -HR Managers
    -Employees?
     
  2. john14

    john14
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    I think all those three factors mentioned above are really important but for me the most important is the relationship between employees and top management if this remains good then the company will succeed and specially good and dedicated employees are the assets of a company.
     
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  3. dobiloan

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    Thank you @john14
    We have the same idea. The three factors are important to the company because without them the company will be vanished.
    Relationship also are important for them to do their job accordingly and not all the critics that may come to a judgement of every employees.
     
  4. jaynorth

    jaynorth
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    Yes all the above points are important for proper functioning of a company, but handling finances tactfully holds the prime importance, after which relation between employee & top management follows.
     
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  5. MBA Trainer

    MBA Trainer
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    For the success of any organization it is very necessary to work in team. There must be work mutual understanding among all the workers.
     
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  6. lomey

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    it is very difficult to get right committed employees. They just care for their salary and how to pass time. You can't give some kind of R&D work to employees, they will 100% not get the juice for you. :cool:
     
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  7. prestonp

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    I don't think success of a company is that easy that it can be summarized in three simple factors, especially Internal Factors. These factors of success are what an amateur entrepreneur might come up with, no offense.

    Even with robust a internal structure, companies often fail, think of the Video Game Crash of 1982 (That was Economic Factor). Similarly, there are many other factors, political, technological sociological (known as PEST). Apart from them, you have company's product, strategies, competition and lots of other factors.

    First of all, you need to learn how companies determine or measure their success. Second, you need to learn about all the forces, external and internal, that influence the operations of a company. Third, you need to pickup an industry and read case studies of different companies in it and analyze what was cause of their downfall or success. Doing this will give you some idea.

    The question you asked is not something that can be answered in few points, otherwise there would be no need for getting education in Management science or other related fields. If it was all about top management, HRM, and employees; there would have been no need for PR guys, marketing and sales dept, or finance and accounts dept.

    Remember, achieving success is not that simple, be it an individual or a corporation.
     
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  8. dobiloan

    dobiloan
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    Thank you @jaynorth

    Do you think that the HR Managers will be affected to the changing world of work? Because they are the one who also manage on how the company become successful.
     
  9. dobiloan

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    Thank you @ MBA Trainer

    How HR Managers get along with the mutual understanding among all the workers?
     
  10. dobiloan

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    Thanks @lomey for the response.

    To remain good with regards to the relationship between employees and the top management do you think that the HR Managers will keep this responsibility for the sake of the company?
     
  11. dobiloan

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    Thank you @prestonp for that interesting answer.

    This is very informative answer. The three aspects that you gave can be applied to every employees who don't know the significance of their work.
     
  12. haring1995

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    I would like to answer the question that you asked to jaynorth about the changing world of work.

    As I consider “changing world of work” as those advanced systems (eg. technology used, diversification of people, nature of work, system design, and the like) which are commonly practiced by different companies from different industries of today’s generation, I can say that Human Resource Management would greatly be affected by these changes. This is so because of the advanced methodologies that affect HRM personnel in their way of selecting a candidate that would possess a skill that suits to the desired position, with the technologies, workforce, and diversification under consideration, that the candidate has to skillfully adapt. A more understandable way of saying this is to spot the past’s inability to exceed the productivity of today’s generation as it is distinct for us that we are now technologically-advanced. So basically the skills over what people have to possess is the thing that affect HRM during the selection process, considering the “changing world of work”.
     
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  13. dobiloan

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    Thank you @haring1995 for sharing your ideas as to how Human Resource Management will be affected to the changing world of work.

    It is true that the HRM will adapt changes with the technological advances because this might have the possibility that the company will do retrenchment. This is the instances to reduce workers because the installation of labor saving devices has also the man power to the do the particular work in the company.
     
  14. sunoy14

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    I think prestonp has given some nice points.
    But if you look at top management, HR and employees, I think that all of them have equal roles in contribution to a company's success. A manager manages and plans everything. Then the employees have specific talents they use to execute certain jobs. A manager is a manager, he doesn't have the employees' talents. So he needs the employees. Now there has to be good relationship and communication between the manager and the employees. The employees' needs have to be taken care of. So the HR comes into play, which is also a very important factor.
    If employees weren't important, why would the manager hire HRs? It's obvious that the company cannot be successful without the employees. That's why the management keeps HRs. And without the top management, there would be no strategies, plannings and management which would lead to disaster.
    So, the conclusion is that all of them are important equally.
     
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  15. dobiloan

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    Thank you @sunoy14 for your brilliant idea.

    The idea of yours was really correct. The manager is a manager only who directs employees. Is it possible that in a certain company do not have an HR? Only the top management will do all the plans and hire people.
     
  16. sunoy14

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    I think it would be possible to do without HR in a small company which doesn't have a large number of employees. But I think that an HR is a must once the company starts to grow.
    Let's see what others have to say :)
     
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  17. JohnBrowder

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    You need everything to be able to have a successful company, you need to have all parties involved. You cannot have a good atmosphere without good management and perfect manager and crappy employees are going to deliver crappy work. I think it’s all three of the above…that is the one answer I could give you
     
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  18. neyngnadal

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    Hi dobiloan! Your question about how HR Mangers will be affected to the changing world of work was very interesting.

    In the issue on the changing nature of work and organizations, we explore how changes in the external environment affect the world of work. Over the past decade, several factors have come together to impact the role,relevance and practice of human resource management in organizations. These factors operate at many different levels and raise important issues and challenges for the management of organizations. For example, individuals in the workforce have somewhat different values and expectations about work now. Organizations are employing the most educated workforce in the history of the world. Employees have higher salary expectations, the availability of opportunities to participate in organizational decision making, and the need to betreated fairly and with respect. In addition, more employees are concerned about the effects of work demands and work hours on their family and on their personal lives.
     
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  19. dobiloan

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    @sunoy14

    I've realized that the small company which doesn't have a large number of employees can be manage only by the top management. Your idea about an HR is a must once a company starts to grow is important because the HR will continue to plan about the company's consistency of development.
     
  20. dobiloan

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    Thank you @neyngnadal

    Do other employees still have the chance to be hired? will they have to undergo training with the management in order for them to be qualified to achieved the required standards.
     
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