MBA People and Organization

Culture of an organization can be identified as the embodiment of its joint systems, beliefs, norms, ideologies, myths and rituals. Furthermore, those factors can motivate employees to become valuable sources of efficiency and effectiveness (Sudarsanam, 2010). Generally, organizational leadership is directly associated with the organizational culture and due to same, it is very difficult to change it even under good leadership (Denison, 1990). According to Kotter and Heskett (1992), corporate culture is included with a significant positive impact on the organizational long-term economic performance while highlighting all the key managerial constituencies such as customers, stockholders, and employees and leadership. Edirisinghe Trust Investment (Pvt) Ltd (ETI) was a leading and strong finance companies registered under the Monetary Board of the Central Bank of Sri Lanka under the Finance Companies Act No. 78 of 1988, providing services in the areas of Fixed Deposits, Pawning, Gol...

Human Resources are fundamental to all industries, including the construction industry. However, the workforce in the construction industry is extremely diverse with, skilled and unskilled workers, craftsman, managerial and administrative workers. Therefore the use of correct human resource functions in recruitment, remuneration, conditions of employment, performance management, training and development is essential for the long term survival of the construction industries (Spooner and Kaine, 2010). Generally, the performance of the construction industry is often considered as an indicator of economic development. The construction industry in Sri Lanka contributes about 9% to the GDP with around 600,000 employees. During 2018, the total annual construction turnover was about Rs. 800 billion. As per data in appendix A, the construction costs for middle-class housing clearly indicates that the unit cost of construction in Sri Lanka is the highest in the region, second only to Singa...

Globalization can be defined as a world-sweeping arrangement with the integration of economic, political and cultural systems and trends across the world for economic growth, prosperity and democratic freedom. There is a clear relationship between education and successful modernization under the context of globalization proves the theory of human capital. According to the theory, investment in education and training increases the economic productivity of the labour force (Bottery, 2006). When considering the developing countries in the context of the globalized world, improving the basic employee skills are not enough due to the impact of change in the international division of employees (Patted, 2003). Therefore, employees must be equipped with new skills and capabilities through the education process and that depends on the role of the teachers. The efficiency of education among the world is shown as Appendix A using their average national intelligence quotient (IQ). Accord...

Devi and Nagini (2013) explained Job satisfaction as a pleasant feeling experienced by the employee when there is a fit between what he expects and what he actually derives from his job. According to the nature of human beings, identifying job satisfaction factors is very difficult due to the variation of their needs and expectations. Every organization faces difficulties in filling the gap between reality and expectation of employees while many of the employees are not satisfied with this gap, which may lead to job dissatisfaction and turnover of employees. When considering the organizational aspect, it is not good for long term success as well as the organization's reputation. (Grover and Wahee, 2013). The banking sector in Sri Lanka composed of Licensed Commercial Banks (LCBs) and Licensed Specialized banks (LSBs), dominates the financial system and accounts for the highest share of the total assets in the financial system. According to statistic, there are around 5000 emp...

Employee Engagement can be explained as employees’ ability to use varying degrees of their selves physically, cognitively and emotionally in work role performances (Kahn,1990). Armstong (2017) were expressed job challenge, an opportunity for development, autonomy, variety, fit between the job and organization and high customer satisfaction as factors which may influence levels of employee engagement. However, quality of the employee engagement depends on the elements such as level of overall wellbeing, meaningful of the work, leverage employee strengths, strong relationships with team members both on a personal and professional level and genuine recognized for their efforts (Hogg,2013).  Consumer Affairs Authority (CAA) is a government organization in Sri Lanka and it has been established under the CAA Act No.09 of 2003. Major activities of the CAA can be mentioned as ensuring of consumer rights through regulation of trade, providing redress to consumers affected by unfair tr...

The emergence of new forms of employment was taken place based on the Societal and economic developments, such as the need for increased flexibility by employers and workers, the greater use of advanced information and communications technology (ICT) and the greater importance of particular business activities and occupations. Generally, nine boards of new forms of employment were identified such as employee sharing, job sharing, interim management..etc and their implication on working condition and labour market showed in appendix A (Mandl & Biletta 2018).  Under the interim management, experts are hired temporarily to conduct a specific project or solve a specific problem, integrating external management capacities within the organization (Mandl 2015) and generally that was provided by audit firms. When providing interim management services, interim managers usually supervise permanent staff effectively under new organizational culture and it will create potential psych...