It is measurably more expensive to attract a new customer than to retain an existing customer. So why do so many companies focus their efforts and their dollars solely on new customers? It is because every organization is committed to growth and growth is associated with building new business. However, in order to maintain continuous profitability, companies must establish and maintain profitable relationships with all of their customers (past, current and future). Business leaders must do four things to have profitable customer relationships.
Human Resource Management Week 1 Assignment 1. Why do you think is it important for HR to be a strategic partner to the business? HR is an important strategic partner to any business, because it identifies the needs and future needs of the organizations that they are representing. HR is a direct connection to the employee, management and the organization ultimate goals. These ultimate goals are met by the basic functions of HR which are planning, organizing, leading, and controlling.
In addition, having both management and leadership are significantly important in any organization that wants to succeed. In today’s management role, one must implement the functions necessary to be successful. In particular, strong leadership is imperative for shaping an organization into a force that serves as a sustainable business advantage. Having a vision, the ability to articulate it, and having the necessary skills and resources to carry it out is a cornerstone of one’s organization. Furthermore, managers should establish the following within their units: valid performance standards; provide adequate information to employees; ensure acceptability; maintain open communication; see that multiple approaches are used.
Human Resources are a major aspect to every business. Management's presentation in human resources will say whether or not a business will be flourishing in the long run by recruiting with the right people for the right positions. A lot of businesses and their managers undergo the pressure to be completely staffed and take on people without actually evaluating their potential for quality effort as well as being a good fit for the atmosphere the managers desire the workplace to have. ACC has experienced employment issues in recent times since they are devoted to maintaining a definite standard of quality when offering a spot to a new member of staff and are reluctant to just settling for the regular. Managers at ACC have to cautiously examine their respective workers and decide if they require the need for extra people and if they do the managers have to estimate the different personalities they manage and what type of personality would fill the open spot effectively.
Workplace Motivation Paper PSY/320 May 14, 2014 Workplace Motivation Paper There are varieties of reasons why people go to work every day. The largest incentive to work is to make money therefore earning a living. When it comes to basic human needs e.g., food, shelter, clothes, and transportation are paramount. However, there are other benefits to working which are non-monetary. When starting a new job, a new employee will learn of all the non-monetary benefits that the company has to offer.
When you think about HRM what is the first thing that comes to your mind. Do you believe that HRM focus on compensation and benefits, safety and health or recruitment inside of a company? In reality all of these components and more are needed to contain a excellent HRM. An effective human resource management process sets the foundation for excellence. By focusing attention on setting understandable performance expectation, it will help the employees know what is expected of them to be successful on the job.
Employee Portfolio: Motivation Action Plan Jennifer A. Eichelberger MGT/311 May 19, 2013 Oren Gilbert Employee Portfolio: Motivational Plan As an effective manager, you need to be able to show your employees that you are willing to put in the time and effort to help them be as productive as possible. Putting in the time and effort for each employee allows them to see that you care about their performance and how far they can go within the company. Allowing them to have a certain level of responsibility shows them their opinions are important, they are not there just as an employee, but as a valuable team member. Teaching them to have confidence in their abilities and showing that you have a positive attitude about the goals in
Introduction As a new manager, many people will also see you as a “new” leader in the organization. Simply stated, leaders provide the inspiration and motivation for your team, while managers handle the coordinating, organizing, and planning of business activities (Wall Street Journal, 2012). To provide insight into what is involved with the leadership aspects of your new role, let’s look at the personality traits and leadership styles of great leaders. Personality Traits Many studies and years of research have revealed that the most respected leaders possess several traits that distinguish them from others. Below are ten traits that are commonly associated with great leaders (Leading Effectively, 2013).
Management of human resources is very important of an organisation, the management should therefore find the right approach to their employees to be able to plan and manage them in a professional manner. Human resources management is important for an organisation because if employees perform efficiently it increases the production and/or customers services in an organisation. A business can manage its human resources through methods such as: motivation, training, appraisal and personal development planning. A very important aspect in HR management is employing staff with the right skills and qualification required for a particular job role and training those staff who don’t have the right required skills to carry out a particular task. Management of human resources is essential as it commits employees into achieving organisation goals and objectives.
Understanding Leadership skill INTRODUCTION Very often we encounter or hear how important good leadership is to run a successful business. But the question is why? Why do we need good leadership? Why is a good leader essential for running a business? What is leadership anyway?