Marcus Rigsby MKG 300 – Final paper Professor: Keith D’Ambra April 27, 2010 1. Marketing Definition Marketing is the sum total of all activities an organization undertakes to bring about the firm’s desired objectives that are focused on anticipating the wants and needs of consumers. This is done in order to utilize a producers resources efficiently and effectively to produce a good or service to satisfy the wants and needs of its customers. 2. SWOT SWOT is an analysis of an organization’s Strength’s, Weaknesses, Opportunities, and Threats.
Memorandum To: Ms. Marilyn Gonzalez and Mr. Daryl Perrone From: Tera Sparks Date: April 10, 2015 Sub. : Tanglewood Proposed Selection Plan. Analysis of Traditional Method The relationship between the traditional predictors and the performance measures for the traditional method depicts that education is more related to the promotional potential in comparison of the other measures. The education factor also improves the performance of organizations employees. The working experience, which is another predictor of the traditional selection method, is also highly related to the performance and promotion potential outcome, due the fact that these employees have seen how a place of employment should function.
To address this issue they must re examine their current benefits and efficiently implement a benefits package that matches the goals of the organization such as providing high quality bags at an effective rate. The first step in providing this is to determine what the role of indirect pay will be in Plastco. This role consists encouraging certain behaviours from employees such as membership behaviours. Membership behaviours will help
Employee Portfolio: Management Plan Jackie Clayton University of Phoenix MGT/311 November 19, 2012 Kevin P. McCoyd Employee Portfolio This paper will discuss how employee’s characteristics affect the organization and recommendations for additional assessments. With any employee, different personalities and characteristics can be beneficial or damaging to an organization. At Riordan Manufacturing, our goal is to provide a superior service to our customers. To accomplish our mission, employee satisfaction is the key to providing superior customer service. Another issue is the relationship between employee and employer.
According to authors of text book, Operations Management (Reid & Sanders, 2010), SCM is also defined as the “design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally”. The objective of the integration effort is to maximize company value to maintain competitive advantage in the market place. For this purpose Durham International Manufacturing Company needs to take action in response to market demand. Market demand can be ascertained if there is integration with the regional distribution centers and retail centers that distribute and sell the products of Durham International Manufacturing Company. The integration process should first start with the distribution and then should reach out with suppliers (Ellram, 1991).
Case Questions: 1. How do information systems projects get started in organizations? Information System projects start with a request which describes problems or desired changes in an information system or a business process. The request might propose enhancements for an existing system, the correction of problems, the replacement of an older system, or the development of an entirely new information system that is needed to support a company’s current and future business needs. In the Petrie Electronics a request from the executive team has decided that the number one priority is to not only survive but to thrive and prosper by developing closer relationships with their customers.
Internal and External Equity Comparison Internal and External Equity Comparison Total compensation is be defined as the rewards, which employees receive for their labor. A well designed compensation package will attract skilled employees, reduce turnover, and increase employee productivity. Two factors that affect a compensation plan is internal and external equity. “Internal alignment, often called internal equity, refers to the pay relationships among different jobs/skills/competencies within a single organization. The relationship forms a pay structure that should support the organization strategy, support the workflow, be fair to employees, and motivate behavior toward organization objectives” (Milkovich & Newman, 2009, para.
The management of the company has decided to introduce changes to the business processes. The business process of the company would be enhanced through the use of latest technology. The goal of the management is to increase the sales revenue for the company by focusing more on the customer relationship management initiatives. Furthermore, the company also wants to analyze the analytical customer relationship management program. However, the final decision for the implementation of this analytical CRM project depends on the return on investment and the adequate payback period.
Full costing is an account of the entire cost involved in production or rendering service. Atrill & McLaney (2009, pp.92) puts it as a process that accounts for all cost associated with producing a product or service. Full costing is an essential process to the prizing of any product or service because it aids with the classification of all expenses involved in production and manufacturing and aids in the final costing of the product or service. Full costing is used by managers as earlier mentioned to decide product pricing and output, it is used to exercise control in all work process, it is used by managers to assess relative efficiency which will aid in the comparism of cost related to type of product or area of production to determine cost efficiency, it is finally used by managers according to Atrill & McLaney (pp.93, 2009) to assess performance which has to do with measuring business performance like income or profits. Activity based costing (ABC) on the other hand does not just rely on cost of materials for production or service but rather, also, on issues like overhead costs caused by certain activities, charges on overhead to outputs due to driving rates and the established overhead cost pools (Atrill & McLaney, pp 136-140).
Economist and Psychologist are showing more interest on the subject of Time Management . Time management pertains to the development of processes and tools that increase efficiency and productivity. (Konig, C. J., & Klenmann, M. 2007). The effects of organization and time management can play a big role in productivity. This is an important factor that can have and affect on the success or failure of a company.