Page 24 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) 23062 COPY.indd

BFSI Chronicle, 2 nd Annual Issue, 10 th th Edition July 2022
BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
nd
n organization is a social system
MANAGING of people who are structured
and managed to achieve some
& Agoals. It is grown up with
the way people perform and contribute
as individual or in group under an
LEADING GAP environment, system and process to attain
the goals. But the contribution of people
depends mostly on the degree of motivation
REFLECTS in the given environment and connecting
people with the management for effective
converting the inputs into output through
ORGANISATIONAL a logical sequence. The motivation of the
people to stimulate them for excelling in
a particular direction is directly related to
FACE the handling of the most valuable resources
i.e human resources which has assumed
immense importance in the unpredictable
fast changing business environment
especially after opening of economy in the
early nineties.
There have been sea changes in
the approach of the management
professionals from time to time towards
handling of human resources due
to high competition, technological reforms,
innovative products, diversified activities,
and customer driven growth. There is no
more protected environment, regulated
market, normal traditional thinking, stability
and predictable business environment, and
control by hierarchy. The command-and-
control system to get the work done by
the management is no more sustainable in
long run. The ‘Yes-man’ concept is no more
taken in to granted by the subordinates.
The environment is dynamic and very
uncertain in the multicultural business
Dr. Kishor Chandra Behera environment posing big challenges to every
Former Dy.General Manager, organization. The management of human
Allahabad Bank resources has changed its style from the
way it was handling earlier because of the

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