Occupational Health & Safety Essay Example | Topics and Well Written Essays - 1000 words

Occupational Health & Safety - Essay Example In this similar context, workplace stress is fundamentally described as the physiological and the physical effect that is experienced by a particular individual or people while engaging with any sort of employment (Erickson, 1996). In this paper, a detailed analysis of workplace stress relating to OHS will be discussed. A Brief Overview of Workplace Stress Workplace stress is regarded to be a major issue in the organizational context. This is for the reason that this particular factor can broadly affect the heath of an individual by causing severe stresses. Workplace stress can generally take place in any place of work of different organizations if there lay inconsistencies between workplace demands and the ability of an individual to perform deliberate acts in order to comply with those demands. It has been apparently observed that stressful workers often remain less productive and incompetent and most significantly motivated, which further restricts the organizations to accomplish their desired business targets. Moreover, the organizations are not able to attain greater success in this competitive market due to the presence of stressful workers within the workplace. Another major reason of creating workplace stress is the incapability of the business managers belonging to any particular organization to provide greater support to the employees and controlling and motivating them for the accomplishment of organizational goals. Moreover, workplace stress can also occur due to the reasons such as unpleasant tasks, ineffective control and unsuccessful participation in decision-making process (Leka, Griffiths, & Cox, 2003). Managing Workplace Stress Workplace stress is considered to be a critical determinant that affects the health and wellbeing of a particular individual at a significant level. After acquiring a brief idea about the different causes of generating workplace stress, it can broadly be stated that there are several ways by which stress or workplace st ress can be minimized to a greater extent. In general, normal stress can be managed by taking proper care of oneself through performing regular exercise, consuming healthy foods on a frequent basis and sleeping properly. Similarly, workplace stress can be managed through maintaining a balanced schedule, evading performing multiple tasks at a time and making effective plans of availing short-term breaks while conducting work activities (Cartwright & Cooper, 1997). Furthermore, workplace stress can be reduced by managing emotions in a constructive and positive way, meeting challenging situations and solving conflicting conditions through handling work pressures and staying focused on the activities that are needed to be performed. Furthermore, stress in the workplace might also be reduced through establishing and developing effective communication with every organizational member and preserving a healthy climate within the workplace (Help Guide, n.d.). Finally, it can be affirmed that workplace stress can be managed effectively with the application of a risk management approach. This approach can be measured by recognizing the hazards that are prevalent for causing detrimental effects to employees in the organizational context (Leka, Griffiths, & Cox, 2003). Workplace Stress in Relation to Occupational Health and Safety with Case Example With regard to determining the issue of workplace stress relating to OHS, it has been apparently observed that workplace

Strategic Choice and Evaluation Assignment Example | Topics and Well Written Essays - 1500 words

Strategic Choice and Evaluation - Assignment Example Every business organization requires growth for its sustainability, profitability retention and increase in the market share. Growth strategies need to be constantly formulated for the retention of the organization in the existing market and also for its survival. The author of the study will deal with the various facets of growth strategies, which affect the survival of the business enterprises. It will deal specifically with the growth strategies to be recommended for Davivienda bank, which is one of the most esteemed banks of Colombo. The study will also highlight the various alternative growth strategies that have the potentiality of generating huge amount of revenue and also maintain its goodwill in the banking industry. Finally, the studies will conclude with recommendations, which provide the bank an opportunity to expand on a large scale without having to implement time consuming and expensive methods. Overview of Davivienda Bank Being one of the most esteemed and well establ ished banks of Colombo, Davivienda has been able to create a niche for itself in the banking industry and also gain the trust of the customers at the same moment (Davivienda, 2013a). Davivienda is a Colombian bank, which was established in the year 1972 and is known for providing credit to the individuals, organization and also in the rural sector (Davivienda, 2013b). It is regarded as a mortgage and saving banks, which has diversified its business of credit card portfolio and also retail banking services (Davivienda, 2013c). The essence of the bank is that, it provides banking services to the rural sectors and to various other corporate organizations for the betterment of the entire society. Presently, it has more than 21 percent of markets share in the banking industry in the credit card portfolio section. It is also regarded as the third largest financial institutions in Colombia itself. Alternative Growth Strategies & its Significance for Davivienda Bank The decline in the sudde n growth rates of the varied banking organizations in Colombo has had a dampening effect on the Colombian economy and also on the neighboring countries. The sudden decline in the growth rate of the Columbian banks has led to decline in the export –import growth rates also simultaneously. Therefore, growth strategies have become essential for the implementation and expansion of the banks on a large scale and offering tailor made financial products for each of the crisis and situations (Perkowski, 2007).The sales of financial products have been declining worldwide because of the sudden economic slowdown, which has made the customers cautious about investing and dealing in securitization, mortgage portfolio etc. To combat the ill effects of the economic slowdown, Davivienda banks need to adopt certain marketing strategies, which had been instrumental for the growth of other banking institutions. Firstly, the need of the growth strategies needs to be identified with the current s ituational analysis of the internal and external environment (Mills, 2001). After the assessment of the external and internal environmental analysis, the various forms and needs of the alternative growth strategies of the banks need to be identified and evaluated (Rice &