Solutions of Technology Essay
In order to support the growth of a certain business organization, it is important to carry into consideration the procedures by which the organization is being duly managed by the head officials of the organization. In BASF’s case, the governance much more likely depended on the capability of the officials to foster fine managerial procedures through carrying the responsibility of arranging the primary activities of the organization as well as setting a fine pattern for the organization’s external relationship.
By being able to control the major engagements of the organization, the whole team of the BASF group is able to deal with the different challenges facing their business in their own industry. About the Group BASF is a group of chemists and biologists pioneering in developing the already existing things in the society that are used to support the lives and the regular activities of the human society.
The group believes that the existing innovations of technology that are featured in the different products used by people art present could still be bettered through continuous research and innovation so as it fits the busy lives of the people specifically living in the urban areas. To be able to meet the said mission
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From this particular presentation, the arrangement of the technological activities of the group could be clearly identifies. Fortunately, this particular pattern of activities has worked well for the organization for the years that it has primarily operated within the industry of technological innovations. The Pattern of Governance Effective and transparent corporate governance fosters the confidence of our shareholders, domestic and international investors, the financial markets, our business partners, employees and the public in the management and supervision of the company.
Executive board and supervisory board play a key role in managing and monitoring BASF in a responsible and value-driven manner. (Source: BASF. http://www. corporate. basf. com/en/ueberuns/fuehrung/? id=EaTtKAVe8bcp. sq. ) From this particular quote on the governance procedures of the BASF organization, it could be observed that the main aim of the management team is to provide the clients and the stakeholders such as the investors the best possible service as well as products that the organization could provide them. Certainly, this is no joke responsibility.
The idea is supported by the thought and the mission of the higher level of officials in the organization to provide the society with breakthrough products through the effective application of scientific researches. So as to be able to completely perform their task as the head officers of the organization, the governance of BASF follows a certain pattern of authority. The Board of executives remains as the head officials followed by the branch supervisors who are appointed over the different operational activities of the said technological group.
Through the assistance of the said system of authorization, the different activities of the organization becomes more and more progressive suggesting the fact that the officers indeed put their efforts forward for the sake of organizational success procedures. It could be noted that the strategy of management that the said organization deals with certainly portrays the fact that the officials put their best in assisting the whole team in becoming effective performers in their own responsibilities in the operations of the organization.
Holding full control of their human resources has also been the key factor that brought the said organization the success that they particularly needed from operating in business. The management divisions see to it that they are able to provide their people with the satisfaction and the motivation that they ought to receive from the higher management of the organization. The people then in return perform at their best to be able to return the favor to the organization.
The two major branches of the organization primarily deal with the best procedures of dealing with their human resources through the utilization of reasonable policies and effective procedures of helping the people force reach their goals through the reasonable efforts that they devote for the completion of their appointed jobs. The Future of BASF In its research strategy BASF concentrates major technology-driven issues of particular relevance to the future in five growth clusters: energy management, raw material change, nanotechnology, plant biotechnology and white biotechnology.
These cross-sectional technologies are outside the realm of the classical disciplines and can only be brought to fruition by interdisciplinary and international cooperation. Between 2006 and 2008, a total of €850 million will be allocated for the research activities pursued within the five growth clusters. (BASF. http://www. corporate. basf. com/en/innovationen/wachstumscluster. htm? id=V00-dXv63AVe8bcp1LC) The future of the organization is indeed outlined through the claim presented above.
The groups is obviously hoping for a better future which they primarily sourced out from believing that the governance of their organization would be effective enough to handle the said advancements in the future. Through this, the members of the group believe that they are capable of facing the future with much confidence that they would be the main organization who would help the human society face the major changes of technological innovations in the society.
Conclusion Any organization is subjected to the need of being guided by a comprehensive system of management that would set the path for them to trod into for a better future in the business industry. It is through the existence of an effective organizational set of officials that the group of business ventures such as BASF is assured to survive the different challenges of competition within the business industry around the globe.
References: BASF. Organizational Governance. http://www. corporate. basf. com/en/innovationen/wachstumscluster. htm? id=V00-dXv63AVe8bcp1LC. (July 13, 2008). BASF. Innovations. http://www. corporate. basf. com/en/ueberuns/fuehrung/? id=EaTtKAVe8bcp. sq. (July 13, 2008) BASF. Future Plans. http://www. corporate. basf. com/en/innovationen/wachstumscluster. htm? id=V00-E9gBMATBnbcp41jZ. (July 13, 2008)