Developing and sustaining organisation - the human factor: a case study of a liquidated financial institution

Abstract

Corporate bankruptcy is no new news. This issues cut across all spectrum of human organizations being national governments, multi-national and national companies as well. News divulged about this phenomenon are often naive when resources available to such distressed companies were compared with resources of like companies that continued operating. Much have been done by researchers in providing theoretical backgrounds for managing organizations. These have been currently found adequate in the administration of human endeavours. With regard to expertise, it is wrong to value one above another, hence all are needed in their respective specialization to move the organization forward. This paper examined the human factor as one of the crucial facets that needs an intensed attention in developing and sustaining organization in all aspects. In order to achieve desired goal, the paper focused on utilizing fully the lay-down procedures on staffing organization, and also applying all forms of motivations. It also touched on a vibrant control system that reveals the slightest sign of distress. For the purpose, undisclosed name of a financial company which has been liquidated is used in measuring the causes that often prang companies leading then to liquidation