A knowledgeable person is more innovative in the given field due to the fact that knowledge is the vital element of innovation. The knowledgeable person drives the ideas, technologies and expertise and achieves a competitive edge through his diverse capabilities. It can, thus, be said that a knowledgeable person is more innovative in any given field as compared to the inexperienced person.
Companies can globalize because they wanted to stabilize and make firm position in those countries where no other companies have ever entered. The company can seek its advantage becoming the first one to enter and capture new markets and making its base strong. Moreover, the company or organization will surely globalize if they have a potential for growth. The attraction of moiré customers, large markets, and growth potential make it easy for the companies to see their companies on a global level.
Two important factors are considered to be essential to determine how the company can decide to structure itself. Primarily, the product that the company produces affects the corporate structure. For a company to manufacture high-class product that fulfills the demand of the consumer, it is necessary to keep the hierarchical structure loose with flexible line of command in order to encourage creativity and also to produce intellectual property. Secondarily, the motive and philosophy of the company owner has a deep relation with the structure of the company. An owner with the aim of empowering the worker will surely adopt a horizontal structure for his organization with fewer vertical relationships.
Hiring the manager from outside can assist the company in acquiring the competitive intelligence and identifying the other talented and potential candidates to poach from the competitors. Moreover, the managers from outside can provide instant knowledge and talent for new products, programs and skills to the firm. In addition, external hires stimulate the thinking of other employees through their effective decision-making and ideas.
The advantages that are found in hiring the employees fro inside the firm are significant as their performance level is higher than the external hires. The promotion of internal talent helps the firm to reduce the need for expensive advertisement. Moreover, the familiarity of the internal employee with its firm and terminology reduces the break-in period. A law that emphasizes on the equal treatment of all the employees and offers such environment that is free of discriminatory practices is said to be affirmative action. While on the other hand diversity is a commitment to accept that each employee is respectful and recognizable.
It is very certain that the consequences set up for behavior have a great impact on the behavior of the others. If an employer wants a good productivity from his employees, it is essential that he provide them timely bonuses on the completion of the task in order to motivate them. Moreover, imposing sanctions can also help employees to avoid the negative behavior.
A good listener should respond to the speaker in order to acknowledge that the listener understands the message of the speaker. The response either verbally or non-verbally determines the speaker that his message is properly received. The non-verbal response is significant while communication as it include gesture or posture that acts as a feedback to the speaker. Whereas a verbal response that includes written response is not necessary for the communication.
Self-control can be referred as the management of one’s behavior that helps the person to strengthen his inner system, control reaction, and emotions. Self-control enables an individual to stick firmly to his decisions and is also considered to be the vital key to success. Hence, it is, therefore, said, “self-control is the preferred control method.”
