People Work And Organization

Front 1

Industrial Unionism

Back 1

a labor union organizing method through which all workers in the same industry are organized into the same union regardless of skill or trade rather than following strict craft lines like traditional unions. This gives workers in all industries, more leverage in bargaining and strike situations.

Front 2

Neo- Corporations

Back 2

1940-1980's Everyone had the same picture of how industrial companies worked. There were a few institutions and it was stable and balance

Front 3

Wagner Act-1935

Back 3

Gave workers right to organize unions, bargain collectively with employers, right to strike, gave election mechanism to employers and restrictions of unfair labor practices to employers.

Front 4

Labor Management cooperation

Back 4

labor management relationship impacts directly on profitability, productivity, job secury and quality of life. These started off well for a while, they established problem solving solutions. Also they sustained corporations but then it blew up because markets and economic changes, recruiting, downsizing and sub contracting.

Front 5

Front back structure

Back 5

removing autonomy and core problems. Customers are at the bottom and this equals bureaucracy and creates "skill pikes". It creates separate division that does not allow to speak to each.

Front 6

Social Democracy

Back 6

government mandated benefits, high taxes, low inequality, strong unions and high public sector employment. (Like in the Nordic countries)

Front 7

Flexicurity

Back 7

a combination of labor market flexibility in a dynamic economy and security for workers.

Front 8

Craft Era

Back 8

from 1850 to 1900 when US predominately had local markets. Prior to the industrial era

Front 9

Industrial Era

Back 9

Era we have transitioned from. A time period when there was high productivity in factories, using line workers. Each worker specialized in a task to complete one aspect of the product and were only responsible for a specific job. Taylorism derived from this era.

Front 10

Knowledge Era

Back 10

Era we are currently transitioning in to. There is a decline of the old institutions and rules, inequality and insecurity is growing along with development of new institutions. There are two types of economy and societies; things are not transparent.

Front 11

Knowledge Society

Back 11

As discussed in readings by Drucker, he explains that we need to work in teams to be successful.
Knowledge society is much more unstable than an industrial one. This creates a problem becaouse people are unstable. It can cause confusion and chaos for people instead of stability. People may not be able to work in teams. Although knowledge society is destabilizing, society needs stability. In knowledge society there are consequences for business and people, for example in businesses there is limited loyalty in part of the employee, cost structure, obtaining knowledgeable people will provide businesses with competitive edge. For people there is less job stability, there is more competition because there are less openings.

Front 12

Value Added

Back 12

Value is what is produced by economy. In the graph Primer on knowledge economy and employment it shows an increase in value but at the same time jobs are declining.

Front 13

Solutions Strategy

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This is the company's flexibility, innovation and responsiveness towards how well goods and services are sold to customers. It integrates various products and services even merging suppliers and customer's operations to solve complete customer problems. This is taking the high road because it develops high skilled workforces and creates atmospheres of trust btw employer and employees.

Front 14

Commodity Strategy

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A low road approach where company's are focused on efficiency, production,and distribution of their goods but are not innovative or think about producing new goods. Companies main goals are to make money but not creating customer solutions.

Front 15

Bureaucracy

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part of the old system where there is a top down system. This system emphasizes on workers doing their jobs. It is good for producing, improving and distributing existing products. I is not good for understanding new problems and reorganizing to meet them.

Front 16

Divisional organization

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Allows for people to coordinate and get things done. Divisional organization differs from functional by grouping diverse functions into divisions. All the necessary resources are contained within each division. It is organized according to the various out puts of the organization. Each division is independent and responsible for different set of products, geographic markets or clients.

Front 17

Collaborative Organization

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A temporary new system, fast focuses, bringing together diverse skills, multiple levers as well as functions. Example product design teams

Front 18

Cross functional teams

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groups differ in knowledge and skills which creates misunderstandings and mistrust. People report to multiple bosses and there is a loss of accountability. There is no communication between higher and lower levels. There is culture difference which also blocks communication.

Front 19

Financialization of the economy

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ivolves LBO's and Derivatives. LBO's are similar to mortgages because buyers borrows money to buy a company. Then has to pay off the lenders by getting more money out of the acquired company. These are attractive to company because there is stable cash flow.
Derivatives- are a bet on a future of something , example are hedge funds. Investors borrow to make a bet on a future value and if they are wrong they can't repay the losses. Effects markets.

Front 20

Creative destruction

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Good for the economy because it destroys but creates new things and things are always changing they should not remain stagnant. Efficient markets tend to balance themselves out. There has to be balance because when companies are too secure then there is slow growth and productions in economy.

Front 21

Efficient Market

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Pure free market approach is unbalanced and has created huge dangers. Example LBOs and Derivatives. The problem is to balance economy and social considerations.