Winning at any cost philosophy won't work for long | WeForNews | Latest News, Blogs Winning at any cost philosophy won’t work for long – WeForNews | Latest News, Blogs
Connect with us

Industry

Winning at any cost philosophy won’t work for long

The team assessed participants’ responses for perceived bottom-line mentality in their organizations, workplace behaviours and job satisfaction.

Published

on

Dr Gabi Eissa, management professor at San Diego State University

New York, Sep 19 : The approach of winning at any cost at the workplace can get you short-term gains but could spell long-term disaster, say researchers.

Organizations endorsing a win-at-all-costs environment may find this management style good for the bottom-line, but it could come a price. Teamwork and civility between co-workers are severely compromised which can lead to major issues down the road, the researchers found.

The research published in journal ‘Human Resources Management’ found that teamwork and civility between co-workers are severely compromised which can lead to major issues down the road, if endorsed a win-at-all-costs environment in workplace.

Dr Gabi Eissa, management professor at San Diego State University found that employees with Machiavellian personalities — defined as those who prioritize their personal goals above all else — tend be successful in these environments even if it means sabotaging the work of their colleagues, adding that they show a willingness to engage in amoral behaviour and exhibit a desire to maintain interpersonal control.

“They tend to believe that a coworker’s success is risky, so they become motivated to see others lose. Often times, they feel that when co-workers lose, they win,” Eissa added.

To test his hypotheses, Eissa and researchers from the University of Wisconsin-Eau Claire and the TA Pai Management Institute sampled 500 English-speaking, full-time employees and their supervisors in India, as well as 196 employees in a number of organizations in the US.

The team assessed participants’ responses for perceived bottom-line mentality in their organizations, workplace behaviours and job satisfaction.

The results of two studies indicated that Machiavellian employees tend to develop a bottom-line mentality more strongly when they perceive their management endorses bottom-line outcomes.

In addition, the researchers found Machiavellian employees who developed a bottom-line mentality were found to be less willing to cooperate with their co-workers and were more likely to deviate from organizational norms, rules and practices.

“Overall, we found that employees focused on the bottom-line are more likely driven to see others lose and less likely to engage in behaviour that may help others succeed,” said Eissa.

“Clearly, when bottom-line outcomes are valued over everything else, employees may be encouraged to act in their own self-interest, even if it means engaging in unethical behaviors. If the examples set by Enron and the mortgage industry are considered, this behaviour can have dire consequences in the long-term if left unchecked.”

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Google gives workers Rs 75K each, to reopen offices from July 6

According to Pichai, there are a limited number of Googlers whose roles are needed back in office this calendar year.

Published

on

Google Employee

San Francisco, May 27 : Google has set July 6 the date for its employees to return to office in a gradual, phased manner and has announced to give $1,000 (around Rs 75,000) to each of its workers globally for expenses on necessary equipment and office furniture as they work from home.

Alphabet and Google CEO Sundar Pichai said that the company will restart opening more buildings in more cities from July 6.

“This will give Googlers who need to come back to the officeeor, capacity permitting, who want to come backethe opportunity to return on a limited, rotating basis (think: one day every couple of weeks, so roughly 10 percent building occupancy),” Pichai said in a statement late Tuesday.

According to him, if condition allows, Google will gain 30 per cent office capacity by September by further scaling the rotation programme.

“Because we still expect that most Googlers will be largely working from home for the rest of this year, we’ll be giving each Googler an allowance of $1,000, or the equivalent value in your country, to expense necessary equipment and office furniture,” Pichai announced.

According to Pichai, there are a limited number of Googlers whose roles are needed back in office this calendar year.

“If this applies to you, your manager will let you know by June 10. For everyone else, returning to the office will be voluntary through the end of the year, and we encourage you to continue to work from home if you can,” said Pichai.

Google’s original plan was to keep work from home policy until June 1.

While some of Google employees have expressed interest in coming back to the office, others have asked whether it’s okay to temporarily relocate to another place to be closer to family while you’re working from home.

Pichai said that in this case, they need to review the guidelines which include important information about a number of personal factors such as your tax filings and health coverage/eligibility.

“We’ll have rigorous health and safety measures in place to ensure social distancing and sanitization guidelines are followed, so the office will look and feel different than when you left,” said the Google CEO.

“We are taking slow, deliberate steps to begin re-opening offices in areas where they still remain largely closed. We’re also investing more in your work-from-home setup to make sure you have what you need to be productive and comfortable,” he added.

Continue Reading

Business

Moderate participation expected in spectrum auctions: ICRA

In addition, the telcos are required to pay Rs 90,000 crore as AGR dues as per the Supreme Court order, but the payment terms are yet to be finalised in the court.

Published

on

By

Mobile tower

Mumbai, May 27 : Rating agency ICRA expects moderate participation for the upcoming spectrum auctions at Rs 55,000-Rs 60,000 crore due to the limited financial flexibility of the industry.

The Telecom Regulatory Authority of India (TRAI) has recommended auctions with one of the largest quanta of spectrum on offer – more than 8,500 MHz, which at reserve price, is valued at around Rs 5.7 lakh crore.

However, ICRA expects a relatively muted participation fetching around only Rs 55,000 – Rs 60,000 crore to the exchequer.

“This, along with the impending AGR dues, are expected to result in further elevation of the industry debt to around Rs 4,60,000 crore as on March 31, 2021 despite sizeable deleveraging done by the telcos as well as the anticipated improvement in cash flow generation post the tariff hikes,” ICRA said in a study on Wednesday.

“Such a high valuation is on account of high reserve prices and high quantity of spectrum for the newer bands i.e. 700 MHz and 3300-3600 MHz, which are primarily expected to be used for 5G. The 700 MHz was put to auction in October 2016 where it went unsold and thereafter the price for this band has been revised downwards for the forthcoming auction.”

According to ICRA’s Assistant Vice President for Corporate Ratings Ankit Jain, the ratings agency foresee minimal participation in the 700 MHz band and expects relatively better participation in the 800 MHz and 1800 MHz bands, that beholds significant expiries for incumbents in 2021, and thus the telcos will acquire it for continuation of 4G services.

The Centre has budgeted Rs 1.33 lakh crore as non-tax receipts from the telecom sector for FY2021.

“While the regular receipts – license fee and spectrum usage charges – are expected to fetch around Rs 20,000 crore, the telcos will have to pay Rs 20,000-25,000 crore as upfront payment for the forthcoming spectrum as per ICRA expectations,” the statement said.

In addition, the telcos are required to pay Rs 90,000 crore as AGR dues as per the Supreme Court order, but the payment terms are yet to be finalised in the court.

“If the telcos are required to pay this amount upfront, the Government will meet its target for FY2021, while in case of staggered payment terms stretching to 20 years, there will be a sizeable shortfall in the GoI collections.”

Continue Reading

Industry

‘Safe’ Goa needs to arrest trend of people flocking in: Oppn

Published

on

Digambar Kamat

Panaji, May 27 : The Goa government needs to arrest the trend of persons who are travelling to Goa just because it is a safe zone and not because they are stranded elsewhere and are returning to a place they belong to, Leader of Opposition Digambar Kamat said on Wednesday.

“I can understand the case of Goans who are stranded and want to return. But there are lots of other people who want to come to Goa for various reasons. And unless we screen them properly and make border checking stricter, I have a feeling the number of positive cases may increase,” Kamat told reporters in Panaji.

“The trend is, since Goa is in a better situtation (compared to other states), many people from abroad or outside (the state) want to come to Goa to take rest. This kind of thing is going on. So we have to keep a check on this. Only Goans who are stranded abroad, those who are coming back from other parts of India should be welcome,” Kamat added.

Goa currently has 39 active Covid-19 cases, according to the state Health Ministry. The coastal state had zero active cases earlier this month, but with relaxations in subsequent lockdowns facilitating more inter-state travel, Goa saw a surge in cases, most being persons who entered the state via Maharashtra.

Goa Chief Minister Pramod Sawant has already appealed on several occasions that tourists and those who do not have a residence in the state, should not travel to Goa by taking advantage of the easing of inter-state travel restrictions.

Continue Reading
Advertisement

Most Popular