Fostering a Learning Organisation for Small Community Tabloid Essay

Fostering a Learning Organisation for Small Community Tabloid - Essay Example A new management was installed to carry out company restructure. The takeover management was resolute to achieve a bit more than company survival but to be a source of insight through business leadership. A first concern was whether the paper made a connection with the community, and an organizational assessment was conducted. The appraisal should determine the possibility of a radical turnaround, directing financial sustainability and professional management. Sometime in the 1990s, the newspaper weekly was formed through the convictions of two brothers who were once newspaper boys roaming the city. These days, they are men of political ambitions, and the paper advocates to shape collective expression. The company had undergone a rough evolution typical of small organizations, survived a series of turnovers, low liquidity; high debt and structure transitions from corporate to proprietorship, to the foundation, led activities. From the ownership end, there seemed a constant lack of commitment and a few notable failures. Small organizations form the backbone of the economy. Of a total of 811,592 business organizations, 61,762 are recognized as small enterprises and 743,949 as micro-enterprises. While the segment employs 69.9%, the rather huge amount of resource input equals an economic value of only 32% of GNP. Poor productivity arises out of the lack of business introspect and foresight, insufficient use of technology and poor capital formation. Of the recent four years, the community tabloid operated on a funding of 50 thousand monthly, and a three-term provincial Governor was its principal funder. The medium made up eight pages and was circulated within provincial borders, having a population size of about 320 thousand. Company revenues listed 570,274 covering seven months, with the portion of it uncollected or ‘arranged’ comprising 21%.