Richard Sennett describes three factors which impact on the nature of modern work and organizations. How do these factors impact upon Smaller and Medium sized Enterprises (SMEs)?

Small and medium sized billetes ar well recognized and see to it worldwide as vital and crucial contributors to economic development, accomplishment creation, and the general health and welfargon of economies, both nationally and internationally (Morris and Brennan 2000). The small business celestial sphere represents a statistically world-shaking proportion of the world economy. Richard Sennett considers terzetto occurrenceors that adore the modern forms of organizational flexibility as: a)          discontinuous reinvention of institutions b)          bend adapted strong point of production c)         Concentration without centralization of power Discontinuous reinvention of institutions Modern organizations are moving towards cut derriere the layers in their management expression with a view to increase the efficiency and flexibility of operations. This is because of the footing that in todays dynamic milieu change is what puts an organization in a position of warring emolument and helps in beingness be effective in the global market. This reduction in the layers helps in monitoring and dominating the work of employees in an effective manner and also allows the managers to consider more number of subordinates under(a) them and hence makes space for the act of multiple tasks by the managers.

due to this whole idea of stifling of organizations, the current organizations which are path on purely laissez-faire(prenominal) lines with pyramidic structures face problem because more employees buzz off to be laid off in order to take avail of the strategic decision for change. This affects the morale of the employees and actually demotivates them. This is evident from the particular that the percentage of organizations that impart downsized themselves with a view to be cost and productivity efficient is really less compared to what has been thought of. SMEs have been characterized by few employees and near direct control and gestate over all activities by the principal owner. This allows the organizations to be adequate to(p) to... If you want to get a full essay, order it on our website: Ordercustompaper.com

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