In addition to his pay at the bank when he’s promoted to loan officer he would be receiving an additional $3,000 raise. Being stuck in a position where teaching is Luis’ dream job and has wanted this since a sophomore in HS, and being given the opportunity of becoming a banker with many recommendations can be very strenuous to choose from. Luis should make other arrangements and try out banking not only because of the sufficient amount of money he’d be receiving, but also because this may offer him many more opportunities over time. Both teaching and banking offer different salaries and benefits. Teacher’s salaries have a starting rate of about $29,000 a year, but as teachers build up a longer stay with their teaching position their salary starts going up slowly.
Assignment 1: Chipping away at Intel Student: Vivian Samuel Professor: Dr Vanessa Graham Class: HRM 560 Date: January 28, 2013 Case Study @ Intel Discuss the changes at Intel over the first three years of CEO Craig Barrett’s tenure. The case study presented for this assignment describes the management decisions of Craig Barrett as being “bold moves that took Intel beyond chip making for PC’s [and] into the production of information and communication appliances as well as services related to the Internet” (Palmer & Dunford 2009 pg 72). Barrett had spent lots of money by investing in new business projects and markets that soon had to be withdrawn due to possible lack of knowledge. The first change conducted by Barrett was to “withdraw [the business] from the production of network servers and routers after copping backlash from its biggest customers Deli and Cisco” Second, he closed down Intel’s partner for e-commerce services iCat, which was an e-commerce service partner for small businesses providing Web broadcasting of share-holder meetings. Barrett seemed to believe that his so-called ‘hands on leadership disciplines were the best strategies for keeping Intel out in front of its growing list of competitors.
Despite CanGo’s initial success, however, the organization is not without its fair share of concerns. The primary issue with CanGo is that it lacks a formal strategic business plan. The company has also failed to clearly define what its short-term goals and long-term goals are and how it plans to go about realizing those goals. The company also has problems with its current organizational structure. Although roles are clearly defined, CanGo often succumbs to a centralized form of decision-making, with Elizabeth Bennett micromanaging to such a degree that the decision-making process almost becomes paralyzed.
It would be beneficial to have him take the What Time of Day am I Most Productive survey to see if his poor decision making is based on his ability to focus. The characteristics of the employees make up the characteristic of the company, and both of these are a direct reflection of their leadership. Keeping employees happy is a key element to success, as noted in (Robbins & Judge, 2011), “Therefore, companies implement programs; such as piece-rate pay where workers are paid a fixed sum for each unit production completed”. It is imperative that a company can attract and retain a skilled workforce. Ensuring that their compensation is competitive with the market and valuing the employee’s opinions are just two ways to accomplish this.
The strategic plan will help provide better, more targeted service to its clients and will be more specific on how the company will go about achieving company goals. The strategic plan will help Riordan’s executives understand the company’s direction by reviewing past progress and making changes to improve and grow. The strategic plan is an organizational tool that will help keep Riordan on track to meet growth and financial objectives. Need for a Strategic Plan Successful businesses are effective at identifying opportunities for growth and ensuring every manager has the same goals. For Riordan to further strengthen their strategic plan, they can develop a financial model based on their income and cost assumptions they would anticipate under the plan (Mikrut, 2010).
Having a base company in the United States and expanding global, Riordan must be knowledgeable of those differences and a master at intertwining them. Achieving this is a delicate balance that must be adhered too. Staying true to the moral compass of the company will provide reassurance to the stakeholders that the company is on solid ground and a wise investment. Having yearly reviews of governmentally laws and society changes will allow Riordan to stay current with the ongoing challenges of change. Letting the company’s intentions known to people will allow open discussions amongst the shareholders of how to handle a situation appropriately.
Home Depot’s key to success is the way the organization treat people well and encourage associates to speak up and take risk in leadership and development for growth. The organization use the Bill of rights for legal, ethical, and regulatory issues that allow customers access to customer quantity and price, assortment and training on the sales floor for the philosophy of customer service “whatever it takes” to cultivate relationships with the employees and customer for security measures (The Home Depot Foundation,
The ethical perception of this organization is one of constant understanding, learning, educating of their main directive, to achieve excellence through training and educating the business leaders and to pass this education on to the next generation of leaders. They are “committed to serving as a force for integrity, good sense and wise solutions to the problems facing businesses and the capital markets today.” (Pwc Building Relationships, creating Value,
Reflection To realize their goals, organizations need to enlist the support of their employees. This assignment has provided me the insight to be able to identify some of the barriers that has complicated the communication process within my organization. Through my research I have gathered that communication cannot be easily defined but the conclusion has been the same among all researchers. They all agree that effective communication is a vital component in the achievement of high customer satisfaction. During my research I have concluded the foundation of a good organization is regular and complete communication.
Human Resource Management Aquanetta Littles HCS/341 September 5, 2013 Michael Taylor INTRODUCTION Human resource management (HRM/HR) is the complex art and science of governing the organization’s employees through a structured strategic approach. It encompasses managing the cooperative behavior and relationship between personnel and company. The department runs the administrative processes of an office, business, governmental organization, or institution. Originally, HR was division within the finance department, concerned with pay and benefits, however, as the function evolved companies realized its’ important to the organization. People are a business most valuable asset and keeping them satisfied, motivated, developed and retained is necessary if a company is to remain profitable (humanresources.about.com, n.d.).