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 businesses are well know and hold worldwide as vital and crucial contributors to sparing development, transaction creation, and the general health and welfare of economies, both across the country and internationally (Morris and Brennan 2000). The small business sector represents a statistically significant proportion of the world economy. Richard Sennett considers three occurrenceors that adore the novel forms of organizational flexibility as: a)          discontinuous reinvention of institutions b)          bend adapted specialization of production c)         Concentration without centralization of power Discontinuous reinvention of institutions Modern organizations are moving towards cut back the layers in their management structure with a view to plus the capacity and flexibility of operations. This is because of the reason that in todays dynamic environment alter is what puts an organization in a pos ition of warlike advantage and helps in being cost effective in the spherical market. This reduction in the layers helps in monitoring and tyrannical the counterfeit of employees in an efficient manner and also allows the managers to examine more(prenominal) number of subordinates under them and hence makes space for the consummation of triune tasks by the managers. Due to this whole idea of curtailment of organizations, the accepted organizations which are running on purely laissez-faire(prenominal) lines with pyramidal structures acquaint problem because many employees buzz off to be displace off in order to take advantage of the strategical decision for change. This affects the morale of the employees and actually demotivates them. This is evident from the fact that the portion of organizations that have downsized themselves with a view to be cost and productivity efficient is very less compared to what has been thought of. SMEs have been characterized by few employees and almost direct control and ! post everyplace all activities by the principal owner. This allows the organizations to be able to... If you call for to get a full essay, order it on our website: OrderEssay.net

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