Business in Philippines


So whether the risk may be caused by fire or an incompetent accountant Sean Taylor Hat , policies and procedures provide reasonable assurance that the possibility of the risk occurring is mitigated, or at least minimized.


Another instance is the risk of key personnel joining a competitor. Written procedures reduce the risk to a great extent when organization knowledge is documented as opposed to procedures only jotted in a notebook or just stored in a person’s head.


Drive for Continuous Improvement


The internal controls produced by written policies and procedures can drive continuous improvement. Procedures implement the Plan-Do-Check-Act (PDCA) approach.


Clear policies describe the goals and direction desired by the management. Such goals are implemented by the “Plan.” The “Do” part will carry out the plan by capturing the needed data to meet the goal. The “Check” section will review and verify the data as they relate to the organization’s goals. The “Act” phase will reflect the changes necessary to improve the effectiveness of the business processes.


Improvement and success is oftentimes impeded by lack of clear communication. Procedures promote internal communication in the business process. For instance, the Credit Department communicates to the Sales Department which customers are not faithfully paying their bills so the latter can suspend extending credit to such customers.


It is hoped that these two articles have been helpful in letting you understand why you need procedures. Anticipate the returns to your investments when you know why you write them and what you expect to achieve when you write your processes.


Synergy must exist between corporate management and the individual culture of employees in order to bring out the best results sustained in the best atmosphere.


The herd mentality of Filipino or Asian personnel actually stems from a strong sense of family Preston Smith Hat , that is further reinforced by their culture and traditions. Then there is the need to forge relationships through ritualistic action. In other words, to make a social connection, there is a process one has to go through. But I think that these norms apply to everyone around the world.


Morale and motivation increase when the employees personally feel that they are part of a family and can regard their employers as benevolent figures. Companies who take care and help their employees or show concern for them get greater productivity or performance.


Based from my own experience Brandon Scherff Hat , I would like to recommend three simple better management practices to guarantee better employer-employee relationships: