Implementing ISO 9000 and Investor in People initiatives in working Essay

Implementing ISO 9000 and Investor in People initiatives in working place. Business Initiatiaves - Essay Example In today’s competitive world, every organisation wants to stay ahead of others, for which they strive to run more efficient businesses aimed at achieving maximum benefits using minimum resources. This has led to a formal, structured business process in which an organisation first sets a vision derived from its core values and ethics, develops a business plan based on its goals and priorities and then formulates business strategies to achieve the goals and hence put the business plan in action. A major business plan can often redefine the direction in which the organisation will proceed in the near or distant future (Bianca, 2013). There are several motivators that can cause an organisation to formulate a business plan and develop strategies to implement the plan such as, market-related motivators like, improving customer satisfaction, evolving with changing market dynamics and targeting a new market segment, competition-related motivators like, increasing market share, expandi ng product line, diversifying business, improving product quality, mergers and acquisitions, outperforming competitors and toppling market leaders, economic motivators like, job cuts and pay cuts, increasing market share and sales volume, reducing operational and manufacturing costs and improving productivity, operations-related motivators like, increasing productivity of employees, improving working environment and work culture and adopting new technology, environment-related motivators like, discontinuing using toxic chemicals, reducing pollution and carbon footprint, lowering energy consumption and adopting biomaterials as well as brand-equity motivators like, increasing brand visibility and recognition, creating brand loyalty and improving brand perception and brand image. Sometimes, multiple motivators may closely interact together. For instance, an organisation may decide to reduce its carbon footprint, improve the environment and be eligible for receiving special tax incentiv es from the government. Another organisation may want to introduce several new lines of products to target new market segments, create brand equity and generate more revenues. This means that at the core, every new move that an organisation makes is primarily tied to its commercial benefits. Almost all business plans and strategies are designed privately by organisations in consultation with internal employees. Such parties often tend to focus only on the desired outcomes and ignore the associated negative implications. This leads to achieving the desired goals at the cost of several other exploitations which not only backfire at the organisations, but also harm the entire society. The growing list of poor business plans and strategies of organisations around the world has prompted governments to undertake several measures that help organisations to take a holistic approach during chalking out initiatives, so that all the parties involved (such as, employees, customers and investors ) reap the benefits together. This has led to the creation of several business standards that draw from benchmark business practices in their respective industries and these standards are promoted to organisations for adoption. The adoption of a business standard helps an organisation to