Contingency Theory of Incentive Alignment †MyAssignmenthelp.com

Question: Discuss about the Contingency Theory of Incentive Alignment. Answer: Introduction Managing business is the most vital job in case of building the business to be the best in the organization. The managerial decision making is associated with that and in case of a commercial organization, the process if expositing the ethics in management as well as in business is the right form of managing the business. Media, technology and innovation are the three aspects of business context and that evolved the standard of the business. The entire situation of this paper is related with Simcoa and along with this company, all the information according to the change management and structural lacking is important for the company (Business of Silicon, 2018). In this paper, Regionalization is the main aspect of the business process. The company has taken this process and makes their market on the regional basis. The aim of this research is to identify the implanted context of regionalization and how the process influences the company for the better development. The objectives of the research will determine the contextual focus in business. External and Internal focus are two kinds of focus and that affect all the speculated strategies, that have taken for the decision-making state of Simcoa business (Business of Silicon, 2018). The organization is a private sector company, so employees have to meet the target and produce the largest amount of silicon from the company. The scope of the research is to connect a link between business context and external and internal environmental forces. In case of basic understanding in a business context and to allow the impact of decision-making in business, the research will help in form of determining the possibilities of business in the context of regionalization. World largest silicon productive organization is Simcoa. In case of export cases in other countries, Australia has to depend on the Simcoa organization. Silicon related products can be acquired from the company and in many cases; this organization has supported Australia in making or building some major innovative things. The organization founded in 1989 and within these 28 years of business progression of the organization is commendable (Business of Silicon, 2018). 50,000 tones in a year produced by the company and the number determine the quality and productivity of the company. Organizational structure The hierarchical structure is followed by the company. The work culture and effective business communication have come in this process and the flow is heading towards high to low. Simcoa has a CEO and employees have to listen and obey what CEO wants from employees (Business of Silicon, 2018). As the company is under the private sector organization, the shareholder of the market is essential and important for the development of the company. In case of marinating financial support to Australia, this company can provide that support to the nation. The government of Australia is very stable and they encourage business opportunities in Australia. In case of help, the business in international level strong politics is needed to form the organization end (Steinbach et al., 2017). If possible opportunities are provided to the organization form the Australian government, and the business support is always there. Good decision and better productivity is the determining concept, from the business expanding nature, political stability is needed. The economic condition of Australia is productive and that will be impacted by the business enhancement in Australia. The GDP of Australia is $1.350 trillion and the figure has gained a 0.6% enhancement in business (Golev Corder, 2016). In case of manufacturing 6.0% GDP has gained. 1.7% annual inflation has noticed in case of economic stability. The process is helpful for the new companies to grow their business in an ethical manner. Most of the Australian people are co-operative and have a nature of work. The education of those Australian people is enormous and they have invested their mind to get the better business opportunity for them (Manalo, Perera Rees, 2015). In case of labour engagement, 78%of employees are doing service and it determines their capability and work as a group culture. The country is progressive in case of social accumulation and their productive culture is important for the development of social context also. Technological improvement is needed in any organization to implement new approaches in the organization. In case of these organization, extracted machines, easy production deals, fire controlling or the use of raw material all are the production issues, that can be changed in case of technological development (Luke, 2018). The large quantity of silicon form the raw material is the main aspect of this business. Environment management system and following nature of ISO is also important to mark the organization are under ISO9001:2008. The strength of Simcoa is the highest production of silicon and acquiring the largest maintenance of stakeholders. In that case, stakeholders are other nations also, so a diverse range of their business acceleration is the most important factor and biggest strength for the organization (Hill, Jones Schilling, 2014). The company also recycles their own products and makes them into their core ingredients of silicon making and this is considered as strength. The set of environment rules are followed by the company and has ISO certificate, so the ethical issues are maintained by the company (Kitchingman et al., 2016) Shareholder negation and in some cases government intervention on this matter is the concern matter for the organization. Environmental influence and negative perspective deliver as the setback for the business (Chen et al., 2017). Employees' safety is other weaknesses and many employees have to work in hazardous condition and that needs to be stopped. As the largest silicon manufacturing company, business expansion is the most challenging situation of the organization. The parental business is in Australia and if they need to produce their business in other countries, the business-related context needs to be understood (D'Netto et al., 2014). Simcoa can deliver B2B or B2C business way and also delivers a good set of employees in case extension cases. New entrants in market and risk environment change rarely the two threats the can come in Simcoe Pty Ltd and that only provide a threat to the quality and values of the business (Fayezi, Zutshi O'Loughlin, 2015). The threat of environmental activists and production rate decreases due to that factor is the only reason to be feared by the organization. Risk of the organization Global crisis situation and less use of silicon in some devices are the risks for the organization. In some cases, high market demand is persisted. International acclamation is important but the changing environment along with the matter is also a concerning factor for that (Golev Corder, 2016). The high domestic obligation is another menace for the organisation as it moved 180% of non-refundable revenue. There are some chronic gases also emitted in case of production of silicon. Silicon-di-oxide affects the respiratory system of human irritation in the skin can happen. Employees, who are direct contact with the silicon, need to be careful that not to face such issues (Easterby-Smith, Thorpe Jackson, 2017). Financial risk is also as production cost is not meet in every time and leverage and debt is the concern factor for this. Total Quality Management is this performance indicator range that is needed form the company. Quality performance by the organization is the most concerning attitude that judge the best outcome for the company and prepares them for the international accession. Employees need to be motivated and the teamwork needs to be done (Ferguson Souza, 2016). Special care or a diverse range of people and community cases has taken. Productivity and quality in service is the most concerning mater in this situation. The human resource department recruits best suitable people for the company. These employees played an important part in the development of the organization. Finance department takes care of balance statement, cash flow and making the budget for the entire year. Marketing and sales department channelize the sell and also make the promotion of the company in the different section of the world (Wheelen et al., 2017). Operation department takes responsibility for all the operation takes place in case of supplying products, raw material, production, manufacturing process and the entire work culture that spotted in the workplace is under them. Conclusion The company works in Australia as the regionalization helps the company to work over here; though, it exports the products in different nations as well. The organisation can take the approach of Total Quality Management to confirm the eminence of the products. The external and internal environment of the organization is also stated here and better way of team bonding, employees' motivation needs to be there to maintain their business rate in an international arena. Reference List Business of Silicon. (2018). Simcoa.com.au. Retrieved 4 April 2018, from https://www.simcoa.com.au/environment-2.html Chen, H., Cui, R., He, Z., Milbradt, K. (2017). 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