PSO(Pakistan State Oil) Short Overview
Posted on January 6, 2011 by syedanousheen
Organizational Structure:is an idea in the field of organizational studies and management which describes the psychology, attitudes, experiences, beliefs and values (personal and cultural values) of an organization. It has been defined as “the specific collection of values and norms that are shared by people and groups in an organization and that control the way they interact with each other and with stakeholders outside the organization.
ORGANIZATIONAL CULTURE IN PSO: (Example)
ORGANIZATION CULTURE: Organization culture is a system of shared meaning within an organization that determines in large degree how employees act.
IMPORTANCE OF CULTURE IN PSO
According to the opinion of the PSO’s sales officer PSO is a sales oriented company. Strong culture is a symbol of more profit more earning and sense of responsibility. It is also a monument of well-disciplined enterprises in which every organ of that organization is well concerned with the ultimate objective of the organization. As it’s a fundamental truth that every individual from worker to Top manager is aware of his rights privileges responsibilities and outcome of efforts being invested.
SIX DIMENSIONS OF CULTURE
Innovation and risk taking: According to our survey what we have found is that employees are not much encouraged to be innovative and take risks. Attention to detail : According to our survey employees have given importance. Outcome Orientation: The manager’s focuses on both results or outcomes and the techniques needed to achieve those outcomes. People Orientation :Management decisions do not take into consideration the effect of outcomes on people within the organization. They have made their employees a central part of their culture. Teamorientation: They emphasize on team orientation i.e. work activities are organized around them. Stability: PSO is maintaining the status in contrast to growth. PLANNING AT PSO
Planning: a process that involves defining the organization objectives or goals and
developing an overall strategy for achieving those goals and developing a complete
hierarchy of plans to integrate and coordinate activities.
PSO is striving to add value to its business by introducing modern efficient and
innovative business practices to boost corporate performance. Benefits of this value will be given to shareholders and the employees of the company. Corporate planning is about competitive advantage; at this most challenging juncture in PSO’s history the focus is on forward thinking of on cutting edge issues. Staffed with professionals having a diverse background in business engineering and computer technology and international experience CP is endeavoring to prepare PSO for the challenges ahead to ensure its sustainable corporate leadership in future based on the best industrial practices. The development of a financial model that resulted in the company’s first in depth study on product wise and business wise profitability as well as the establishment of an effective procedural framework for capital budgeting mark the first year of the corporate planning activity in PSO. This has led to classification of authority and criterion for investment decisions efficient project appraisal based on computer modeling and effective monitoring of the status results of investments undertaken. These systems have been adopted by the company for periodic review of corporate performance through management committee meetings.
CONTINGENCY FACTORS IN PLANNING
LEVEL ON ORGANIZATION
Outstanding performance of company was recorded by the board of management and noted by the
secretary petroleum during his recent visit. It was because employees worked hard delivered efforts and produced results. During the last six months unnecessary expenses had been curtailed to a great
extent; operations improved depot losses...
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