Case Study
Impact of employee involvement on organizational performance – A study of Visakhapatnam Steel Plant
The efficiency and effectiveness of processes executed in any organization are dependent on people who execute the same. As per the literature of Managerial Economics, there are Four factors of Production viz., Men, Material, Machinery and Money. The Men play the key character in controlling ad regulating the remaining factors of production in an efficient manner if they are inclined to do so. Hence, it is essential to ensure that, people are in possession of a positive attitude towards their organization, co-workers as well as the management. People with a positive attitude feel satisfied with their job and tend to exhibit a commitment to their work and strive for the fulfillment of organizational Goals and Objectives. Winning the attitude of the employees is not an easy task in the current era owing to the modern scenario of growing interests, increasing technology and Inflation, diminishing the value of money and monthly earnings. Hence, the strategic and scientific Management experts rightly concluded that instead of making the people motivated through Extrinsic benefits. It is quite wise to make them self-motivated by offering Intrinsic benefits. These intrinsic benefits include Freedom to work, provision of Challenging work and an environment where the people are involved in making decisions that exert impact on their work, work environment, and working conditions. Hence, in the modern organizational scenario, it is extremely essential that the management should ensure the involvement of its employees, which makes them self-motivated, satisfied and committed to the organization’s Objectives.
Published by: B. V. S. P. R. Vithal, Dr. Naga Raju Battu
Author: B. V. S. P. R. Vithal
Paper ID: V6I2-1269
Paper Status: published
Published: March 17, 2020
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