Advantages of Established Institutions
Older organisations have always brought knowledge and stability to the forefront. This investigation delves into why older institutions have a distinct advantage, representing ideals and experiences that have withstood the test of time. Please note that in this investigation, ‘institution’ or ‘organisation’ refers to all (suitably aged) institutions and organisations. This ranges from large companies like 3M to schools like ours
Firstly, older organisations tend to have stronger values. These values are often deeply rooted in the history of the organisation and are passed down from generation to generation of pupils and workers. The benefit of having such strong values is that they help people to focus on their work and provide a high-quality output. Furthermore, they can also help people to stay motivated and committed to their work over the long term.
Another advantage of older organisations is that the community within the organisation is strengthened over time. This can lead to a sense of trust between the people of the organisation and provides a safety net that people can rely on. This is very beneficial because people are more likely to be committed to their work and do their work more efficiently.
Also, older organisations have faced many challenges in the past. This could be in many forms, such as political upheaval or economic depression. The organisation thus remembers how to overcome major challenges. Institutional morale also remains high and the organisation becomes stronger as a result. These trials make the organisation stronger and more resilient in the face of adverse situations.
Older institutions are also more adaptable. While the word ‘old’ is often paired with deep values and archaic thinking, older organisations have perfected the art of constantly evolving to prepare for a rapidly changing future. This characteristic is one of the most powerful of these institutions because it enables them to efficiently combat any challenge that the future presents and quickly change their strategy if it is necessary to do so.
In addition, people trust older, well-established organizations. This is because a person’s family may have been using products from that organisation for many generations and that institution has had more time to become ingrained into the culture. The organisation would also have had more time to hone the art of making their product. Therefore, older organisations tend to be more trusted by the public.
Finally, older organisations have a vast resource of knowledge and experience to draw upon. It helps them to effectively learn about a challenge and opt for the best solution out of it, as they have done many times in their history before. This benefits them in a plethora of ways.
Overall, there are many benefits to being part of an older organisation. These benefits include deeper values, a strong sense of community, and a more supportive work environment. All these factors can contribute to a more fulfilling and satisfying work experience for employees.