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 recognize and hold worldwide as vital and crucial contributors to economic development, transaction creation, and the general health and welfare of economies, both nationwide 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 moderne forms of organizational flexibility as: a)          discontinuous reinvention of institutions b)          bend sufficient 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 dexterity and flexibility of operations. This is because of the reason that in todays dynamic environment metamorphose is what puts an organizat ion in a position of warlike gain and helps in being cost effective in the global market. This reduction in the layers helps in monitoring and tyrannical the track down 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 binary tasks by the managers.

Due to this whole idea of curtailment of organizations, the topical organizations which are running on purely laissez-faire(prenominal) lines with pyramidal structures looking problem because many employees buzz off to be fixed off in order to take advantage of the strategical decision for change. This aff ects the morale of the employees and actuall! y demotivates them. This is evident from the fact that the per centum 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 exigency to get a full essay, order it on our website: OrderEssay.net

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