Professional Documents
Culture Documents
Module 1
FUNAAB
COLMAS
DEPARTMENT OF ENTREPRENEURIAL
STUDIES ETS 206
2016
• a.) New venture creation: The entrepreneur is tasked with the responsibility
to create new venture from nothing. Therefore all resources are directed to
new business models for profit making purposes
• b.) Risk taking responsibility : This means that the entrepreneur must be
willing to take calculated risk to improve the fortunes of his or her
organization
• c.) Human resource recruitment- This means that the entrepreneur must be
willing to take the responsibility of identifying competent human resource to
meet the goals of his organization
COURSE LECTURER:
DR. D. A. OLADEJO
Definition of Change –
Department of
Entrepreneurial Studies ETS
206 funaab
• organizational Strategies-
• Strategy is a comprehensive plan for achieving
competitive advantage.
Department of Entrepreneurial
Studies ETS 206 COLMAS
Federal University of Agriculture
Abeokuta
© funaab ets 1
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• HRM is also the personnel function which is concerned with procurement, development, compensation, integration and
maintenance of the personnel of an organization for the purpose of contributing towards the accomplishments of the
organization’s objectives.
• According to the Invancevich and Glueck, “HRM is concerned with the most effective use of people
• to achieve organizational and individual goals. It is the way of managing people at work, so that they give
• their best to the organization”.
• According to Dessler (2008) the policies and practices involved in carrying out the “people” or human
• resource aspects of a management position, including recruiting, screening, training, rewarding, and
• appraising comprises of HRM.
• a) Human Resource Planning: The objective of HR Planning is to ensure that the organization has
the right types of persons at the right time at the right place. It prepares human resources inventory
with a view to assess present and future needs, availability and possible shortages in human resource.
Thereupon, HR Planning forecast demand and supplies and identify sources of selection. HR
Planning develops strategies both long-term and short-term, to meet the man-power requirement.
b) Design of Organization and Job: This is the task of laying down organization structure, authority,
relationship and responsibilities. This will also mean definition of work contents for each position
in the organization. This is done by “job description”. Another important step is “Job specification”.
Job specification identifies the attributes of persons who will be most suitable for each job which
• c) Selection and Staffing: This is the process of recruitment and selection of staff. This
involves matching people and their expectations with which the job specifications and
career path available within the organization.
• d) Training and Development: This involves an organized attempt to find out training
needs of the individuals to meet the knowledge and skill which is needed not only to
perform current job but also to fulfil the future needs of the organization.
• In managing
• Types of Goals
• a.) Short term goals b.) Long term goals
• Short term goals are the vision that an organization envisions over a
short period of time. Examples of short term goals are weekly, monthly
or yearly goals
• performance = (+ success)+(-failure)
• These are theories that help define the way change should take
place in organizations.
• They include
• a.) Psychological Contract Theory
• b.) Nudge Theory
• c.) The John P. Kotter eight step change theory
• d.) The Elisabeth Kubler - Ross's Five Stages of Grief theory
• e.) The Sharon Drew Morgens Facilitation Model
• It focus on the
• a.) nature of relationship between the emplyee and organization
• b.) the mutual expectations between the employee input and
organizaiozations output
• c.) the fairness of the employer or organization to its employees
• d.) it shows that the relationship between the organization and employee is
dynamic and a situation that changes relative to employee remuneration
and organization output.
From the office of the Nassa welfare director-elect(Mr Phlex)
Nudge Theory
• The Nudge theory- is a modern and more flexible way of understanding
change in organiztion. It became popular in the US in the 2008.
• It focus on
• a.) Understanding of how people think,make decision and behave in
organizations
• b.) managing change in individuals and organizations
• c.) modifying and identifying unhelpful influences on individuals in
organizations
• d.) It encourages indirect motivation of employees in organiztions
• e.) it avoids direct enforcement of organization policies or forceful
enforcement of policies
• f.) it accepts that people are different and need diferent approach to lead
them
From the office of the Nassa welfare director-elect(Mr Phlex)
• g.) It is a soft and gentle way of enforce change in organization
The John P. Kotter eight step change theory
• John P. Kotter is a Harvard professor who postulated the Kotter eight step change theory. His
ideas help in understanding the pressures of change on people and peoples reaction to
change. It states that change should be achieved through the following steps
• a.) Increase urgency - i.e. through inspiring people to embark on specific change
• b.) Build the guiding team- that is a team to direct the change process
• c.) get the vision right- get this team to understan the right vision
• d.) communicate for buy in- persuade people to join the change train
• e.) empower action- remove barriers for the empowerment of the change
• f.) create short term wins- set goals within the change process that can be acived in stages to
encourage the team and employees
• g.) dont let up or give up- promote persistence and a no quiting spirit
• h.) Make the change stick- the change should be reinforced through through training and
reminding the team of the goals of the change process
• The Sharon Drew Morgens Facilitation Model- This is use in the process of facilitating change
in organizations. It emphasis how change can be facilited in organization through effective
communication - these include
• a.) enabling communication instead of Tender push or persuation - this invloves presenting the
change process through interaction instaed of a mild manner and encouraging employees to
change
• b.) communicating employees to buy in- this involves making employees believe in the change
through communication of change rahter than convincing
• c.) rather than Persuade allow employees to see a superior alternative
• d.) let final decision to join the change crew rest with the employee do not unduly influence.
• It is many a times not feasible it is only useful in buying and selling where the seller has no
authority over the buyer.
COURSE LECTURER:
DR. D. A. OLADEJO
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