Prabodha Madhushan

  (Nakamura, 2021) Introduction In the always developing business world it's so important to have a clear strategic framework as a guidance on the company decision making and handling company success. There are three important components at these strategic frameworks. Those are Mission statement, Vision statement and Core Values of the company. Altogether, these three components give a pathway for the organization articulating its goals and guiding values. This article describes the importance of each component and show how those components work together to create a unified and impactful strategic framework. 1. Mission Statement - Defining Purpose and Direction According to (Croneberger, 2020), writings about mission statement state that mission statements are used to help define the immediate goal and stay focused on the plan. As per (Hennigan and Aditham, 2023) A mission statement not only explains what your company does, but also the why behind it. And (Gorton, et al, 2023) says...

  (Farhan, 2023) Introduction Effective leadership is important for the success of every organization. Good leaders possess an effective management is crucial for the success of any organization. Great managers possess an exclusive skill sets and characters that assist them to stand out from the other leaders. Ability of these leaders to Their ability to motivate and lead their respective teams differentiate these leaders in the field of leadership. This article explores the key qualities and actions that will create great leaders who stand out from the rest of the leaders and give and actions that make great managers stand out and provides inputs on how these leaders can contribute to their organization’s success. 1. Building Trust and Relationships Good leaders have the ability to understand the importance of the trust and they are investing the time to build good relationship with their team members. Good leaders actively listen to their team member’s concerns, give required sup...

  (OpturaDesign, 2018) Introduction To be successful for any company in today’s corporate world paying well for their employees and offering good benefits are very much important. That has the ability to make employees happy, make them want to stay with the company and do their best in the work they perform. In current business world where really difficult to find good talent due to the increasing competition companies use compensation and benefits as way of attracting potential people to the company and make employees stay motivated. This article looks into the compensation and benefits studying different parts of the compensation and benefits while studying the importance of it and the difficulties companies have to face. (Org Communications, 2013) Compensation & Benefits Explained (Tess C. Taylor and Miriam Mourad, 2023) When we explore the compensation, we are able to identify two main types of compensations methods. Those are, Direct Compensation Indirect Compensation ...

  (Siam Pukkato, 2020) Introduction In today’s competitive work culture companies needs strong and united teams to be successful. When teams are strong and united, they can achieve more things and increase the productivity also. This will be a critical factor to have less turnover too then more people will be working together longer time and then the unity between them get increased. But when team has less unity and work on separate ways it’s difficult for companies to achieve success on their operations. However, to build strong and united teams companies need to have the intention and put some effort on to it. Here are some of the effective methods on team building which is used in current corporate world. Strategies for Team Building 1. Establishing Trust and Psychological Safety For any team to be successful trust is critical is an important aspect. When focusing on building strong teams companies needs to focus on establishing the trust within the team first as these group is ...

  (Buravleva Stock, 2021) Introduction Improving employee productivity is very much important in today’s corporate world as it can decide the company’s success of its operations. When employees are not performing well automatically companies will be failing. But when employees are productive it’s the other way around as companies can perform up to its full potentials and achieve success on its operations and has the ability to create positive work culture also. However, to get into the maximum productivity needs more than good goal settings. It requires strategic planning to empower employees and encourage an environment helpful to efficiency and modernization. Here are some strategies that can help to improve employee productivity looking into the industry understandings. Strategies to Enhance Employee Productivity 1. Clear Communication and Goal Setting According to the study of (Locke, 1968 cited in Indeed, 2022) businesses can achieve greater success by applying specific an...

  (CAAR, 2022) Introduction In current highly competitive business world having the competitive advantage is critical for any organization over its competitors. As per (Bentes, 2019) “your biggest competitor in the future will likely be any company, in any industry, that can attract and retain competent people to their workforce.” As any company which is able to attract competent people in their industry to the company and retain them will automatically give high advantage over its competitors as it already has the top competent people in the industry to handle their operation. Therefore, any company requires to understand the certain importance of retaining top talent plays a vital role of any company’s success. High turnover in a company disrupts the operation and cause huge cost for the recruitment process of replacements. Therefore, company’s need to implement proper strategies to reduce the turnover and improve its retention targeting a sustainable growth in the company. W...