Frequent Innovation in Business Model

Question: Prepare a detailed report that examines the underlying reasons for the issue (the why?), how best to address the issue (the how?) and provide succinct recommendations for the business in moving forward. Answer: Introduction: Frequent innovation in business model is influencing the field of employment in business. The very foundation of employment is strengthening just because there has been continual storm of change in market in a short span of time. Researchers are apprehending that if this change precedes future market will feature job prospects that are nonexistent right now. According to Vlter et al.,2013, the roles in the workplace that are evident now will become obsolete in few years for growing influence of technology. Engineering and mathematical based fields will confront wave of demand whereas non-technical fields may need enhancing and restructuring of their roles in order to survive extinction (Garton McCulloch, 2012). Transformation in business model has largely affected the employment structure of the market and soon some jobs will lose its existence. Unemployment will create upheaval in the society. RF System PTY is a company that has recently exempted employees from their duties as job responsibilities is changing faster than one can imagine. In order to circumvent from such situations the organization has to implement some actions in order to adapt to the change that is affecting the market. What change is taking place? Demand for technical professionals and business analyst is increasing but employment opportunities for non-technical support are facing constriction. Technology revolution has already started and the machinery forces are substituting human beings. Why the change is taking place: Apparently, technology has a relevant chance of substituting human workforce as the business model is remolding quite often. Technology has become a culture that everyone wants to embrace but the combination of socio emotional and intellectual skills that human being posses is unparallel. This report is to propose a business model that will be effective for the organization and will assist RF System PTY in adapting to the change that is affecting the world. 2. Defining and framing the Issue: An organization is only successful when the leadership and the management effectively participate in problem solving and motivating the employees so that they can achieve the objective and goals (Poisson-Choisne Bertran, 2015). The management of an organization works under certain functions that help them to facilitate in a productive way. According to Fayol, the managerial function needs to supervise the subordinates and guide them to work in unified manner to achieve the designated goals. Controlling and Directing are the two important methodologies that can change the structure of an organization. According to the researchers, controlling is a measure that scales the performance of an individual in an organization (Miller, McMillan Ross, 2013). In the world of business, controlling provides the perspective to a manager as to how well the organization is performing (Messmer, et al.,2015). With the help of balance sheets, data collection report and sales report managers derives the result as to what extent their organization has been successful in meeting the standards that they had set. Employees receive appraisal based on their performance. Leading or directing function involves leading the employee towards accomplishing the organizational goal. It justifies the role of an organization head. Past records has sited that a leader who scarcely communicates with their employee has failed to understand the need of the organization and has failed to meet the organizational goals (Finch, et al.,2015). Behavioral science has helped in understanding the attributes and personality that a human being possesses and how it affects management functions. A management that supports their employees assists them in enhancing their skills by arranging training sessions for them. Researchers have justified that this management procedure has been very effective and has increased productivity of the firm that have adhered to it (Chen Wang, 2015). In contingency theory, a leadership is dependent on the changes that are taking place in an environment, scrutinizes the capabilities and demeanor of the followers, and takes action depending on that (Strau Zecher, 2013). At times, a leadership who can show his capacity in a place cannot display his skills in a different situation, as he is not a leader who performs well under contingency. This theory guides an individual to modify his thought process according to the change of the situation (Stock, et al.,2013). The theory is appropriate for the situation under condition because an organization is thoroughly dependent on its leadership. With changing times, leadership should also make some changes in his ways in order to sustain the situation by controlling the variables that may affect the environment of the organization adversely. 3. Addressing the Situation: Due to repeated changes in business model, RF System PTY is confronting issues regarding employment. Heavy influence of technology has limited the need of basic employee and increased the need of technical professionals. It is a high tech based company as result skillful workers are getting top priority. Researchers are apprehensive to the fact that by 2020, there will be mass changes in job opportunities. They are also anxious that employment opportunities in the field of manufacturing and production will fall while there will be high demand for data analyst and sales representative. To sustain this professional turmoil, education system also has to sway from their adhered track of instilling knowledge(Shijun, 2014). Government needs to restructure the educational format to enhance the skills of future generation. For corporate bodies also implementation of control is highly necessary; the managers need to analyze the market to collect data so that they can measure the performance level of RF System PTY in the market and sum up ideas to ameliorate their present sate. Leadership should provide guidance and assure the employee that the necessary modifications that the organization is embracing will not going to affect their job (Meng, 2015). For restructure the current state of organization, leadership should offer training to the employee so that they can reform their skills and perform better in future (Turner, 2014). Data and information collection can assist the manger in measuring the current position of the company in market. Controlling the environment of the workplace according to the market situation can help the organization adopt itself to the factors. Contingency theory provokes the leadership to acknowledge the ways of transforming and sustain the changes without disturbing the organizational balance. According to Griffin 2013, Flexibility is the most necessary approach that will bring equilibrium in workplace environment. According to the contingency theory, leadership should accurately elucidate the goals that the organization wants to achieve and to accomplish that what changes are necessary. RF System PTY is an engineering based firm; engineering and technical implementation is prominent in this organization. Leadership need to give strict instruction to the human resources manager in what are the criteria that candidate should comprise to deserve the proposed position in that organization (McCarthy,et al.,2013). Relying on that research the manger has to take measures that will generate productivity. Leadership needs to react to according to the demand of the situation. Style of leading has impact on the organizational struc ture that is why guidance and controlling the situation adroitly is necessary in this case. Contingency theory refers that there is no principle way of leading, leadership attributes has to handle changes and remold the organization according to it (Shafritz, et al.,2015). Controlling and directing functions are interrelated, that is why a leader and a manager of an organization should work reasonably. In order to overcome the situation they need to plan solutions to strengthen their rate of adaptability and sustainability. This will assist the human resources management of RF System PTY to designate candidate according to their skills. HR of an organization plays a very important part in contingency theory because they assist the organization in seeking candidates who are suitable for their role in the company (Van de Ven, et al.,2013). Competitiveness in market is putting pressure on the organizations to declare decisions to dismiss employees, as they are no longer appropriate for the metamorphosed environment of the company. Unemployment is not what RF System PTY support s. According to Grtsch, et al., 2013, Contingency Theory is the approach that will fortify the base of the company and aid the company by supplying the substantiality that the company needs for future market. Conclusion: The structure of the report is in order to raise conscience about the factors that are affecting the organizational behavior of RF System PTY and has supplemented it with relatable theory that will prepare it for future sustainability. It is evident that business models will be revitalized every now and then but that should not hamper the lives of the employees who are working for the organization. In specific categories, technology will replace human being but re skilling of employees can help in employee retention. Recommendations: Firstly, RF System PTY has to retain the non-technical employees by restructuring the employees, as it will help them to obtain organizational goal more effectively. The manager of the RF system needs to keep track of market and collect information and data to help the organization in training procedure of the employee. The target should be clear, so that the manager and the leadership can make the goal of employee retention possible. Contingency theory is a realistic approach that will help the organization in creating a balance by training the employees so that they can maneuver technology. The goal should be effective from 2015 onwards up to 2020 as during this time the market will be facing disruptive changes due to reinstating of business model. Reference: Chen, S., Wang, S. (2015). A Contingency Theory of Internal Reorganization: Risk and Output Management.Available at SSRN 2635835. Finch, D. J., O'Reilly, N., Foster, W. M., Dubak, A., Shaw, J. (2015, January). Predictors of Knowledge Transfer: A Biographical Analysis of Authors in Leading Management Journals. InAcademy of Management Proceedings(Vol. 2015, No. 1, p. 12901). Academy of Management. Garton, C., McCulloch, E. (2012).Fundamentals of Technology Project Management. MC Press, LLC. Griffin, R. (2013).Fundamentals of management. Cengage Learning. Grtsch, V. M., Blome, C., Schleper, M. C. (2013). Antecedents of proactive supply chain risk managementa contingency theory perspective.International Journal of Production Research,51(10), 2842-2867. McCarthy, I. P., Silvestre, B. S., Kietzmann, J. H. (2013). Understanding outsourcing contexts through information asymmetry and capability fit.Production planning control,24(4-5), 277-283. Meng, J. (2015). Ultimate Controlling and Dynamic Recapitalization.Available at SSRN. Messmer, N. W., Atkins, R., Margerm, S., Longhurst, P. W. (2015).U.S. Patent No. 9,111,330. Washington, DC: U.S. Patent and Trademark Office. Miller, C., McMillan, F., Ross, D. (2013).U.S. Patent Application No. 13/748,691. Poisson-Choisne, C., Bertrand, G. (2015).U.S. Patent No. 9,120,439. Washington, DC: U.S. Patent and Trademark Office. Shafritz, J., Ott, J., Jang, Y. (2015).Classics of organization theory. Cengage Learning. Shijun, F. (2014). Empirical Study on Impact of Earning Management of Ultimate Controlling Shareholder on Stock Price Synchronicity.Technology Economics,8, 014. Stock, R. M., Six, B., Zacharias, N. A. (2013). Linking multiple layers of innovation-oriented corporate culture, product program innovativeness, and business performance: A contingency approach.Journal of the Academy of Marketing Science,41(3), 283-299. Strau, E., Zecher, C. (2013). Management control systems: a review.Journal of Management Control,23(4), 233-268. Turner, J. R. (2014).The handbook of project-based management(Vol. 92). McGraw-hill. Van de Ven, A. H., Ganco, M., Hinings, C. R. (2013). Returning to the frontier of contingency theory of organizational and institutional designs.The Academy of Management Annals,7(1), 393-440. Vlter, M., Stahl, T., Bettin, J., Haase, A., Helsen, S. (2013).Model-driven software development: technology, engineering, management. John Wiley Sons.