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Silverton Buraundi (c3214665) Xiaoxiao Wang (c3209164) Kin Ming Wong (c3198623) PowerPoint PPT Presentation


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Organisational Behaviour & Design. ‘ Organisational behaviour : A case study’. Silverton Buraundi (c3214665) Xiaoxiao Wang (c3209164) Kin Ming Wong (c3198623) Yong Lin (c3170571). Austwide Financial Services. The Firm:. First established in 1980. Medium-sized company.

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Silverton Buraundi (c3214665) Xiaoxiao Wang (c3209164) Kin Ming Wong (c3198623)

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Silverton buraundi c3214665 xiaoxiao wang c3209164 kin ming wong c3198623

OrganisationalBehaviour & Design

‘Organisationalbehaviour: A case study’

Silverton Buraundi (c3214665)

Xiaoxiao Wang (c3209164)

Kin Ming Wong (c3198623)

Yong Lin (c3170571)


Austwide financial services

Austwide Financial Services

  • The Firm:

  • First established in 1980

  • Medium-sized company

  • Three main service:

  • General insurance

  • Financial planning

  • Lending


Austwide financial services1

Austwide Financial Services

Sydney

Melbourne

Brisbane

Senior Management

State Managers

Advisors/Staff


Key issues

Key issues

1.

Competition

  • Explosion in number competitors

  • Expansion in range of financial services/products

  • Competitors increasing size, profitability, market share

  • Government regulation favouring competition

  • *AFS stagnant for 3yrs


Key issues1

Key issues

2.

Staff dissatisfaction

  • *Paid on commission-only basis

  • Increasing pressure to improve performance

  • Abnormal/irregular working hours

  • Narrow focus of job

  • Lack of ‘continuing professional development’


Key issues2

Key issues

3.

Staff stress

  • *Moody/depressed resulting in “sickies”

  • Not sleeping well

  • Poor sales resulting in ‘customer poaching’


Key issues3

Key issues

4.

Poor Management/Leadership

  • *Poor people skills

  • Poor personality: temper, arrogant, pride

  • Not motivational

  • Berating staff

  • Disorganised: relying on instincts over facts


Key issues4

Key issues

5.

Unfair rewards

Managers Rewards

Staff Rewards

  • Managers receive bonuses. Staff does not

  • Staff lack say on product/services

  • Managers blame staff

  • Managers receive company car, mobile phone, credit cards


Reflections on case

Reflections on Case…

“…key issue at AFS best illustrated by two employees: Tom, an ambitious but deflated and frustrated advisor and Luke, an arrogant and power-hungry manager….”

Tom

Luke

VS


Behavior personality profiles

Behavior/Personality Profiles

Tom

Luke

VS

  • Ambitious

  • Need for power

  • High need for affiliation

  • ‘Neuroticsm’

  • Hard-working

  • Arrogant

  • Good people skills

  • Poor people skills

‘suited for job’

‘not suited for job’


Afs working environment

AFS Working Environment

The environment (previously alluded):

  • Lack of career development opportunities

  • Poor renumerating: commission-only based

  • Work pressure: increasing sales targets

  • Unfair rewarding: bonuses


Relevant motivational theories

Relevant Motivational Theories

Maslow’s need of hierarchy theory

Expectancy theory

Equity theory


Possible solutions

Possible Solutions

Cross training opportunities

Professional development course

Fair and transparent reward system

Better leadership

Increase renumeration


Conclusion

conclusion

  • The issues within AFS can be solved by implementing the motivation theories in the course

  • apply the suitable reward system。

  • To find the right people for the management role.

  • To use different methods to motivate employees


References

References

1) Nutt, P, C, (2005) “Search during Decision Making” European Journal of Operational research. Vol, 160, Issue 3, Pp851-873

2) Freely, T, H, (2002) “Comment on Halo Effects in rating and evaluation research” Human Communication Research. Vol, 28, Issue, 4 Pp578-586

3) Markman, A & Genter, D, (2001)” Thinking” Annual Review of Psychology, Vol52 Pp223-247


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