Why are Companies Constantly Upgrading their ERP Systems?
February 7, 2025
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 […]
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 […]
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 […]
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 […]
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 […]
Process driven organizations are the exact opposite of a people driven organization. It relies on the principles of Corporate Law which states that any organization is a separate entity which has come into existence. Its existence is different from and not dependant on the existence of its promoters. It is an artificial person created by law.
The very idea of thinking about organizations as an abstract creature brings to mind exciting ideas. It is about creating an organization which has perpetual succession (Never ending life) and is not bound by constraints of time, skill and morality of its members.
Any multinational corporation that you see is the embodiment of this process approach. It is because they are not bound by human limitations that they can operate in many continents across the globe simultaneously. These organizations grow in terms of knowledge, scale of operations and efficiency irrespective of the contribution of its members.
It must be understood that the organization is not completely independent of people. Otherwise Unilever would be a mega robot, not a mega corporation! These organizations require contribution from labourers in the form of energy to get work done as well as the basic mental acumen to follow the series of instructions tabled as the “best practice”. This can be done by every other person therefore the reduction in dependency on specific people.
Here are some of the principles of process driven organization:
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