Job satisfaction as related to organizational climate and occupational stress: A case study of Indian Oil

Abstract

Liberalization of the Indian business environment through modification in the industrial, trade and fiscal policies by the government has brought in change and competition of a magnitude that was previously unknown to Indian organizations. In the new liberalized scenario, where multinationals and other global players are competing in the domestic market with the monopoly players, the management of organizations is expected to be more productive and efficient for survival. More than a decade ago, the western countries faced similar conditions. A cascade of changing business structures, and changing leaderships had forced various departments of the companies to alter their perspectives on their role and function overnight. As companies moved from an exclusively bottom line obsession to a focus on customer, mission and the organization’s role, they were forced to make changes in their organization to given emphasis primarily to productivity.