Challenges to IOM

• An industrial enterprise has no absolutes
• Coordination


  • Internally
  • Externally
• The chapter discussed the importance of coordination, internally and externally

  
• The chapter tackled the position of the enterprise in the sphere and its coordination with different channels and government relations
• The chapter discussed the conditions on selecting and managing the best type of organization for overseas operations
• The chapter explained the challenges met and adaptive measures of organization to avoid difficult problems
• Films, movies, and dramas are part of the daily lives of people
• The director coordinates with the scriptwriter and the actors to transform the story into a film
• The director coordinates with the producer for the budget of the film and the adjustments to be made
• The director analyzes his target viewers
• The director manages the activities of the group to produce a synchronized and harmonized product
• The manager directs the activities to produce synchronized and harmonious actions in the organization
• The manager relates within and outside the organization to determine the best results
• Managers have to procure and make best use of resources like money, machines, materials and men
• Many of these resources and functions which are under the disposal of managers are interrelated
• To attain the common objectives of the organization efficiently, different activities and efforts must be planned, organized and carried out in an orderly manner
• This is possible when there is coordination inside and outside the organization
• An enterprise is composed of different aspects with special functions such as finance and budgeting, marketing, human resource management, and labour-management relations
• These phases of industrial organization and management coexist and simultaneously perform its tasks in order to fulfil the prime motive of the organization which is to gain profits
• No successful enterprise went into the top of the ladder without going through the obstacles of industrial organization and management
• Challenges within and outside the company contributed in building a strong foundation for the company
• Coordination is important because it provides an opportunity to combine the actions of different resources, skills, activities, and perceptions
• Diversity is only natural in an organization due to cultural differences of the members
• Through coordination, the effects of cultural differences are reduced and actions are made possible to be unified in order to achieve organizational goals
• An organization that is coordinated within and outside its factory doors is most likely to succeed
• Having internal coordination is vital to an organization because without it, an organization would not be able to function smoothly and the flow in the workplace will be hampered
• External coordination is critical for the continued existence of industrial enterprise
• Environments pose threats and opportunities which will shape the enterprise's strategic plan
• Coordination helps the organization to survive and satisfy the requirements of the market and other more specific aspects
• High costs with low profit margin may result in financial difficulties that sicken or destroy the enterprise
• If the production department turns out more goods than the sales department can sell, inventories pile up, costs rise, and losses set in
• If sales exceed production capacity in the time set for delivery, customers may be lost
• If equipment is not properly maintained and if the flow of production is not well planned, waste, stoppages, and breakdowns result
• If personnel is poorly selected or improperly placed in the enterprise, disharmony and inefficiency weaken performance
• If finances are not carefully planned, the enterprise may fall into distress
• If harmony and a sound working balance are not achieved, the enterprise will be weak and may ultimately fail
• Coordination


  The control of different elements into an integrated and synchronized operation
• Coordination aids an organization to perform better to achieve their goals by uniting the efforts or ideas of each individual involved
• If different groups or committees in an enterprise are not coordinated well, the functions cannot be integrated which might result to the decline or worse, failure of the enterprise
• Coordination involves every individual in the enterprise, from the human resources managers to the skilled workers