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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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What do you understand by threats to an organization? Threats refer to negative influences which not only hamper the productivity of an organization but also bring a bad name to it.

Let us go through common threats faced by an organization.

One of the most common threats faced by organization is employees with a negative approach. Remember; nothing can harm an organization more than unfaithful employees. Believe me, employees who attend office just to earn their salaries are in fact the biggest threat to an organization.

Non serious employees do not contribute much towards the productivity of an organization. They are a mere burden on the system. Even the best of clients, best of infrastructure or the best of machinery would not help if people associated with the organization are not loyal and committed towards it.

High attrition rate is another big threat to an organization. Organizations suffer a great loss when talented employees quit and join their competitors. When an individual who has been trained for six months by an organization leaves all of a sudden, it is both waste of time and energy. Make sure employees who know their job and responsibilities well stick to the organization for a long time at least for two to three years.

Another common threat faced by an organization is data and information loss. A lot of effort goes in formulating important strategies for the team and organization.

It is unethical to share confidential information with your competitors. When individuals have their best friends within the organization but working in separate teams, they tend to share team strategies and policies. In such a case not only respective teams suffer but also the entire organization. Client data base, monetary transactions, company accounts, salaries of employees need to be kept confidential under all circumstances.

In today’s business scenario, where individuals are totally dependent on their computers, everything goes for a toss if system crashes. Believe me; a server failure can lead to major losses for the organization. A lot of time goes in first detecting as to what went wrong and then rectifying the problem. Employees find it extremely difficult to deliver if their machines are not in proper working conditions. They can neither fetch any data nor interact with their clients through emails.

Instruct employees to take proper backups at regular intervals. IT department is the lifeline of every organization and they need to ensure proper softwares and anti viruses are installed in every machine. Do not keep untrained professionals in your IT team. Another major problem arises when telephone lines are out of order.

Security issues pose a major threat to the organization. Make sure you have appointed security staffs who are responsible for the overall security of the organization as well as safety of the employees.

Proper measures need to be taken to protect the organization from fire, earth quake or any other disaster of similar sort. It becomes organization’s primary responsibility to take care of its employees and their basic requirements. Poor working condition does not allow employees to give their hundred percent.

Mass boycotts and strikes also pose major threat to organization. Situations where individuals tend to form groups and go on strikes not only affect the productivity of the organization but also spoil the work culture.

Lack of funds is another area of concern for the organizations. Financial stability is of utmost importance and organizations need to have a stable background. A situation where you are unable to give salaries to your employees and also meet daily expenses need to be avoided at any cost. Planning is essential. An organization needs to have sufficient funds to survive the challenging times.

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