By creating this opportunity for others to reward for their work efforts and efficiencies, she empowers the job enrichment theory. Her approach to creating a high-performing team was to provide a personal touch, provide excellent customer service, and comprehensive training. • Describe the theories found in each case study and cite specific examples. The second case study, Klein Feld of Siemens, represents the motivational theories of Maslow’s needs hierarchy, goal setting, and expectancy. Klein Feld is motivated by his need for self-actualization when he planned to speed production at Siemens’, which would hopefully allow the company to compete with their rival company, General... • What was each business owner’s approach to creating high-performing teams within their
Russell/Chapter 1/TC1 Mr. Penchiala our goal is to look into your staffing strategies and see where decisions can be made that will improve the work environment, recruit the best people, and provide opportunities for creativity and increase productivity as well as profits for Tanglewood. Our first step is to look at the areas of staffing and decide the position in each area that will benefit Tanglewood. This is an overview of those areas and my recommendations for the position Tanglewood should take in those areas and why. We will address each area in more detail as we move forward. With each area there is a continuum that has an either/or extreme on each end.
However in order to generate greater revenue for its stakeholders and employees, Nucor should take a planned approach in formulating its future growth and business strategy. Nucor should use it is current strength in cost leadership to its maximum potential and enhance its strategic positioning via differentiation of processes used in its products manufacturing. This differentiation rights must be patented to avoid imitation thus giving Nucor the sustainable competitive advantage. For Nucor’s continuous growth in the mature steel industry heavily depends on making successful acquisitions, mergers and strategic alliances. Therefore Nucor should rely on the Mckinsey growth pyramid to ensure that decisions made will help Nucor to compete with mega steel makers.
Evaluating the steps an organization can take to improve skills of its employees * The achievement in any business is contingent on exactly how good your personnel are skilled. Skills for example, communication is quite essential to any organization. If its employees have acquired and implemented more skills within their work, it will obviously be better for the business, in terms of productivity, efficiency, success and revenue. It is very essential for staff to have adequate communication skills, due to the fact it’ll maintain the flow of the business, productivity, and extra participation and involvement for the employees which will allow them to interact with each other which will eventually result in better propositions and outcomes for the business. * In addition, supposedly if staff are having difficulties during communicational activities and processes, it is possible for them to attend and be a part of training programs after work hours, and if any sufficient improvement is made, employees it will be very profitable when working with colleagues and customers which will ensure everything is very understandable and no confusion is cause.
An effective compensation and benefit system is one which contributes to organizational effectiveness, includes the principal components of a compensation and benefits system and develops a clear strategy in maintaining a compensation and benefits system in order to maintain highly motivated and effective employees. In order for an organization to be successful, the executives of an organization must have a strategic plan in place. “A company’s strategy consists of the competitive moves and business approaches management has developed to attract and please customers, conduct operations, grow the business, and achieve performance objectives” (Gamble &
I thrive on the challenge of demanding positions that permit me to continue to learn and grow within a business. Part of the culture of the company would provide a safe place and structured so that the employees are comfortable within the environment. It would be essential for the company culture to provide valuable resources to perform my duties at the highest standards possible. To complete tasks whether individual or as a team, it is important for employees to have the correct tools to be successful within the proper amount of time. Teamwork centered is an outstanding way to build a network with other people to share information with other employees, customers, or suppliers.
One key role of a good manager is to help and nurture their employees to improve their communication skills. When this happens and managers, employees and outside departments and vendors are able to communicate well with each other they will most likely perform well. Technology has advanced dramatically that the way we communicate has become more effective. We can communicate with teams, access information more quickly to make those last minute decisions. In order to be competitive an organization needs to be on top of the latest technology, but no matter what advances there may be we must ask ourselves how will this improve productivity with our department or
Role models strongly shape their workplace performance through modelling appropriate behaviour, offering advice, projecting a positive image and encouraging others. It is also essential to serve as a positive role model through personal work planning and organization. The first step in being proactive about organizing your time is to understand the scope of your work responsibility. In the process of developing your goals, you should have defined what your area of responsibility is. Steps for being proactive in your work planning are as follows; form the habit of planning your time, understand the scope of your work responsibility, find regularly reoccurring tasks and automate them, Seek out the regularly reoccurring problems and deal with them before they become problems, Find the 10% of wasted effort and eliminate it and find better ways to do things.
Sustainable business spending would also increase rapidly because it is seen as a catalyst for more productive improvements which is a win for human beings, the company and our earth when reducing resources and lowering cost while still being sustainable. A company’s reputation is also a big factor as to why companies wanted to reduce environmental footprint as more investors are becoming increasingly interested in the environmental performance of a company where they put their money into. Also, because of customer awareness, large manufacturers and retailers are also using their buying power to push suppliers into more environmentally friendly practices. Green is the new ideal trend and it should be sticking around. Now it is much better to be knowledgable about your health as well as making overall healthier choices and it helps to know some of the companies we tend to rely on are also doing their part to become greener and meet the peoples needs.
Unit 2- Business Resources D1- Evaluation on Managing Resources Can Improve the Performance of a Business If a business manages its physical and technological resources effectively, this will impact the performance of the business as it will give Cheshire Balloons the full benefits of the resources. The same applies to the Cheshire Balloons budget, if the budget is controlled and managed effectively, this will improve the performance and success of the business. As profits are the way to recognise any improved performance with in the business, if business profit levels were to improve, this would mean the business has managed to maximise its income and minimise it cost. This is an overall improvement to the Cheshire Balloons performance. As the business is aware of what will sell and be successful with in there shop.