Organisation and Management Essay Example | Topics and Well Written Essays - 2000 words

Organisation and Management - Essay Example Now the imperative point to understand here is the fact that learning can not only be at the highest level, rather the knowledge management can even take place at the middle cadre and the special trainings help at doing their best as far as the lower level management is concerned. An organization which can learn can understand what are its responsibilities with regards to the society, the environment, its stakeholders and customers, its functions and different processes which have to be looked down up at with a legal and ethical perspective. This means that the organization emancipates its working methodologies in line with its already set values and moral principles. Moreover, it knows what are its obligations and compulsions towards all the above-mentioned. The organization is always willing and eager to learn from its mistakes, ready to bring in newer and fresh processes within its folds and always encouraging its stakeholders and employees to invest more money and time, respectively. Managing an organization is also an important function which comes under the learning principles. It has case studies and best case scenarios to look up to whenever there is a problem or trouble at hand and it knows who the right person is to contact whenever there is some discrepancy within the system. Add to that the organization tries to keep its contacts, no matter in which capacity they are, at a maximal point and always keeps on increasing so as to become a socially active player within the relevant industry. The management aspect also stems from the fact that its knowledge base is intact and knows what is required of it. This knowledge base has the role of continuously improving the systems and working methodologies. It also has the best available middle management employees who know the technical basis of running the organization and whose potential can largely benefit the sound workings of the company. Thus it is very

Payless Shoe Source Paying Less for Fashion Case Study - 1

Payless Shoe Source Paying Less for Fashion - Case Study Example Payless is not the first to chart this territory as retailers such Target and Zellers have tried to peddle high fashion products at everyday prices. This new strategy has allowed Payless to claim to democratize fashion and has given new life to an outdated brand. The method for setting an items value changes when the item is the piece of an item blend. Mostly, firms search at a set of costs that amplifies the benefits on the aggregate item blend where evaluating is troublesome on the grounds that the different items have related request and expenses and face distinctive degrees of rivalry. There is five distinctive item blend evaluating systems that can be utilized for a firm. These are, for example, the product offering valuing, discretionary item pricing, captive-item evaluating, by-item estimating and in conclusion, item package estimating. A pricing approach that considers the brain science of costs and not just the money making concerns; the cost is utilized to say something in regards to the item. For instance, $19.99 or $9.99 kind of "odd costs" that can round of by one final digit number. With the new line and new system, Payless expand the cost of their items. Be that as it may, if the abruptly change their cost by expanding a great deal, clients would not feel good and they wouldn't prefer it whatsoever. Along these lines, they can utilize this sort of technique of Psychological evaluating so as of now expanding of costs, however, make their clients agreeable.