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1 Introduction The company selected for this essay’s discussion is Christie’s – international auction house for arts and luxury goods. Established in 1766, Christie’s has remained at the top of the public’s mind as one of the best auction houses. Christie’s has a foothold in multiple countries, situated in major capital cities such as London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, and Shanghai. The main motivation for selecting Christie’s structure to study is due to their involvement in the auction of fine art and their unparalleled ethical standing. (Will elaborate more when all other chapters are complete.) 2 Discussion of Major Business Management Concepts Christie’s main company values are integrity, …show more content…
This creates a safe responsible working environment for all employees to fulfil tasks to their best abilities without needing to compromise in morally challenging situations. Teamwork focuses on working collaboratively throughout the hierarchal chain of command and inter-department, promoting respect for all employees regardless of their organisational position. Emphasis on passionate expertise encourages all employees to find their calling within the organisation, to attain higher levels of self-fulfilment and work performance. These two values are in line with Mary Parker Follett’s management theory, in which she stipulates that true leaders are able to attain “coactive” power through the mutual empowerment and respect of …show more content…
Majority of the processes would involve programmed decisions, as a standard operating procedure (SOP) would be put in place for all offices. Control Proactivity Behavioural control Outcome control Feedforward control Organizational culture Market demand or economic forecasts Concurrent control Hands-on management supervision during a project The real-time speed of a production line Feedback control Qualitative measures of customer satisfaction Financial measures such as profitability, sales growth Table 1. Types of Control (Carpenter, Bauer, & Erdogan, 2017) In Table 1, we see three different process controls. Starting with proactivity or feedforward control, this is the method of anticipating problems before they occur. This allows the organisation to prevent needless revenue loss through failed initiatives or drops in the economy. This could relate to offering clients enhanced services to discourage them from approaching Christie’s
Often, collectors rely on art dealers when deciding whether an art work is 'good or not'. They are not very knowledgeable about how valuable a specific art work is. Valuation of an art work is made by some criterias .How much are the similar art works worth? Are there any artworks that can be bought or is this the final chance to have a Picasso in your home? Does any museum show interest such as MoMA? Or was that artwork owned by Charles Saatchi? Is it going to be auctioned at Sotheby's? All answers of these such questions helps determining the value of an art work. The network of the actors of art worlds should be analyzed for example if we were to study the phenomenon of skyrocketed prices of art works. However, where Becker's approach is not enough is that he believes there are different art worlds. Becker states, 'Art worlds typically have intimate and extensive relations with the worlds from which they try to distinguish themselves.' Even though they share resources, exchange ideas and they are part of a larger social organization, not everything is shared and this is one of the main reasons that generates a curious economics phenomenon of the art markets. We should try to find a balance between researching every aspect of the complex cooperative network of art creation and limiting the research to a specific
The need for achievement regards an individual’s relationship with setting challenging goals, creating competitive scenarios, and overcoming difficulties. Setting goals and creating healthy competition between employees can bring the performance level back to normal, and even better yet surpass the usual level. The need for power regards an individual’s need to positively influence coworkers and improve their wellbeing by making a difference in their life. Having an impact on the lives of others has the potential to influence employee turnover rates and attendance. If an individual feels that they have power over another employee they will be more inclined to show up to work everyday and to stay at their current job for longer than they may have originally anticipated. The need for affiliation concerns the relationships that an individual needs to maintain positive, close, or intimate feelings with others. Positive, close relationships in the workplace make individuals feel as if they are truly a part of the organization and increase satisfaction levels amongst workers. These close relationships will help employees to fell that their work is appreciated within the organization and that there certainly are people who care how they perform at their jobs. Together, achievement, power, and affiliation all play an influential part in motivating individuals in the
filled with rare and expensive art is what they came up with. "The buyer identified an
control to ensure the company is not overextended should a severe economic downturn occur the plan period.
Individuals have their own personalities that can influence their enthusiasm and productivity within an organization. In addition, individuals also form groups and are part of teams that work together to reach a common goal within organization. According to Gibson, Ivancevich, Donnelly, and Konopaske (2009) dedicated and cohesive teams can have a tremendous impact on organizations effectiveness and the global market. However, all of this happens within the frame-work of office politics and can hinder or enhance the organization’s effectiveness. Therefore, it is important to not only understand individuals, but also groups, teams and office politics within the organization. This will help leaders to plan, organize and motive individuals and groups for the best possible outcome for the organization.
-Status symbols: Sophisticated customers who value the distinctive, exclusive collection seem to value the corporate-branded version of luxury. –Philip Martiz, chairman of the board
A great leader has the ability and capacity on leading other individuals to achieve greatness. What makes this leader stand out is their capacity to lead different types of individuals. In today’s society, leading individuals is not an easy task since individuals have different characteristics when is comes to work. Individuals have different methods of achieving their daily task of work. Individuals are either very work strong and achieve their highest ability to achieve greatness then there are individuals that achieve the very minimum in a work setting. A great leader will have the capacity to lead these individuals by having different methods of achieving the work standard in a workplace. In the article, “Social Organizations,” by Robert Prodanciuc talks about different methods of achieving greatness in a workplace. He examines was makes an astonishing leader within the
Some of these concepts can be further expanded upon by sharing a recent personal experience by this essay’s author on the subject matter. A work team with long term negative work attitude challenges and unexceptional performance was transferred to this author’s scope of authority from another department in the organization. The work team was made up of three employees and a team supervisor. The team supervisor displayed attributes of a Theory X belief system and was very vocal about dislike for work. Holding true to Theory X leadership characteristics, staff on the team were closely monitored in all aspects of their daily activities by the supervisor in an autocratic manner. Cross training the staff in each other’s duties wasn’t a priority for the Theory X supervisor. Furthermore, the supervisor’s expectations of the group reaching high productivity standards and goals were
everyone should be power ful every one should be responsible for their work. There should be effective communication among each other and we should be able to understand each other.there should be a positive attitude of the members of the team.
Dunnes Stores is an indigenous, family owned Irish Company. The Company is a retailer in both the food and textile market who work around the principle of providing competitive prices, high quality products and a vast variety of choices. The company’s motto of “Better Value” looks to draw in all these principles together.
Teamwork: Demonstrates the ability to establish and maintain effective relationships both internally and externally. Willing to cooperate and be flexible when working with co-workers and management to complete a job, while always treating them with dignity and respect. Recognizes and respects differing opinions, approached differences with others in a respectful way; Acts with the team’s best interests in mind.
Working in teams provides an opportunity for individuals to come together and establish a rapport towards others within a group. Teamwork is classified as people with different strengths and skills who work together to achieve a common goal. When a team works well, specific objectives are fulfilled and satisfied. Teamwork plays a crucial role in implementing and fulfilling a common goal in a team project. Each member plays a role and takes on different responsibilities combined together. In different stages of teamwork, conflicts and arguments may occur for as members have different standpoints which need to be harmonized within the team. The key to having an effective teamwork is to explore each member's unique abilities to motivate them.
...ll those helps managers to know if the process control is working or not, while the control process is contributing to successful of the current strategy.
Teamwork is defined as, “the process of working collaboratively with a group of people in order to achieve a goal.” (Business Dictionary, n.d.) Ultimately, it provides us with a sense of accomplishment and a feeling of unity amongst each other. It allows us to create healthy relationships, and bond further with our peers, and generally, it’s a necessity for our lives. Teamwork aids us with developing imperative life lessons and skills. It also helps us gain a new perspective, and discover our strengths and weaknesses. Personally, I believe that I work well in a team, and I possess the skills of a good leader. Regardless, some individuals
Many businesses place an emphasis on the importance of teamwork. A good team consists of people with different skills, abilities and characters. A successful team is able to blend these differences together to enable the organisation to achieve its desired objectives.