Peopple, Work & Organisation

People , Work and Organisation Report for Drugs Inc

1 . Introduction and Overview to the Work Organisation Paradigm

The work organisation paradigm has historically been structured on the basis of scientific management ' as extrapolated by Hamel and Prahalad (1990 . However , the literature review of the work organisation demonstrates that this has changed and in turn demonstrated a shift towards companies adopting an organisational structure intended to unlock creativity and commitment of their employees as a benefit of growth (Pfeffer ,1995

Moreover , leading economist Joseph Schumpeter incorporated the term creative destruction ' as a

central element of the contemporary capitalist business model describing the process of transformation that accompanies radical innovation (Schumpeter , 1942 . As such , it has been propounded that Schumpeter 's creative destruction ' analogy envisaged entrepreneurial vision as the force of sustained , long term economic growth , with the gales analogy symbolic of the destruction of monopolistic markets , which facilitated abuse of market position and power (Reinert , H Reinert , E .S , 2006

In propounding such a vision of capitalism , Schumpeter extrapolated the business model framework for competitive markets , stating capitalism then is by nature a form or method of economic change (Schumpeter 1942 . Furthermore , Schumpeter argued that innovation was the key to success and survival in a capitalist state . Schumpeter further argued that failure to adapt would ultimately result in the demise of the business , coining the process creative destruction . To this end Schumpeter 's theory suggests that the evolution and sustainability of a successful business model is not dependant on how capitalism...