1 Jamelle Reeves Assignment 1: Bank of America or McDonald’s Case Study Valencia Westray-Miller HRM532 Talent Management 2 Bank of America's talent management program led to success for the company Bank of America's executive performance and retention strategy breaks down into the objectives set out in Figure 2.1 (Fisher and Congel, 2009, p. 22), 'attract, retain and develop great leaders.' This process occurs in distinct phases over the first 36 months of executive promotion but begins even before the new hire, if 'attracting great leaders' requires adequate compensation, with "clear and calibrated" (Fisher and Congel, p. 25) criteria screened by recruitment specialists. This includes more than business skill, extending to integration into the existing executive team as well as the total human resource silo the executive will ultimately oversee. This overall fit is assessed in order to prevent "derailment" (Fisher and Congel, 2009, p. 24) through conflict or loss of credibility at the head of a changing and challenging culture. Job development takes place prior to selection and incorporates the needs and objectives of the stakeholders who will depend on the new executive, presumably reducing the likelihood of revolt during and after transition and facilitating success before individual talent is even invited.
Identify the types of financing that typically coincide with each stage of a successful venture’s life cycle. Development Stage – Seed Financing Startup Stage – Startup Financing Survival Stage – First-Round Financing Rapid Growth Stage – Second-Round, Mezzanine and Liquidity-Stage Financing Maturity Stage – Obtaining bank loans, issuing bonds and issuing stocks 5. Identify three types of startup firms. Salary-replacement firms are firms that provide their owners with income levels comparable to what they could have earned working for much larger firms. Lifestyle firms are firms that allow owners to pursue specific lifestyles while being paid for doing what they like to do.
For example, 75% of the bonus of Dermatology managers would be related to the division and 25% to the company as a whole. EVA improvement goals should be analized in the begining of each year in order to adapt to real expectations of the market, for bad and good situations. Timeline History 1945 1997 Foundation Maurice Vedrine is the new CEO (MBA of Insead, 15 years operational experience Europe and USA) Subsidiaries were being run as fifdoms Big Issue - How could these divisions work together to fuel continuing profitable growth? Main Goals of Vedrine as CEO - Implementing EVA (Economic Value Added) to measure company´s performance and payout bonuses; New EVA program is introduced Company´s structure is adpated to 15 subsidiaries EVA centers Company´s structure is adapted to 3 global business and 4 regions Global Business Regions Dermatology North America Internal Medicine Europe Veterinary Medicine Asia Latin America Dermatology share market jumps unexpectedly form 50 to 75%. Main competitor is shutt down for FDA (food and drug admin) Daniel Sanders (CFO) and Blake Myers (Controller) wonder about EVA
Don is an intrinsic part of a 5-member team who built the Gene One out of a 2 million-dollar investment. Don’s goal is to position Gene One as an industry leader. In order to acquire large amounts of capital for advanced research and superior product development to meet consumer demand and a grow by 40% per year, Gene One board of directors have decided on an initial public offering (IPO) within a 36 month deadline. Describe the Situation Issue and Opportunity Identification Gene One has several opportunities within the organizations. These opportunities are organizational culture, teamwork, and leadership.
Article Analysis- “Revitalizing the American Dream” “Revitalizing the American Dream”, by Adam Bluestein and Amy Barrett is an article from “Inc.” magazine that gives some ideas for boosting the amount of small businesses formed in America each year. In this analysis I will cover the three ideas that I think are the best, and give reasons why I like them. With unemployment being such a major concern in America, and small business being the source of most job creation, entrepreneurs are vital to the health of our economy. The three ideas from the article that I like the most are: “Our education system should foster entrepreneurship among the young”, “Reward innovation through business-plan competitions”, and “Take entrepreneurship out of the business schools.” The first of my favorite ideas mentioned in the article is about fostering entrepreneurship in our young through the educational system. As long as I can remember I have wanted to be my own boss.
The Chief Executive of parent company ‘Pablo Isla’ wants Zara to be the fastest globally expanding brand the fashion world have ever seen and be the leader in fashion industry with affordable prices. Their business model is fast turnover rate and saavy information systems. The Company targets fashion conscious young adults,who are often willing to pay a high price. The company is twofold plan to grow in Europe and Asia by 2013 which is going to reduce the Spain sales to 20% from 31.8% in 2010, Europe excluding Spain going to give 50% to the total sales, Asia 20% and America 10% respectively. Problem: How can Inditex make itself the leader into the fashion industry ?
Both the firms want to serve their customers best. Investment in technology and innovation will be the way forward for these companies, specially when both are looking to capture emerging markets. Market Place Global E-Commerce Trends Globally, E-commerce is a growing industry, with 2013 sales expected to be around $ 1 trillion, which is 20% higher than that in 2012. This represents about 5% of total retail sales value.1 Thus, there is a huge potential for future growth too. North America has
GE’s strategy is to achieve 75% of its earnings from its industrial business by 2016. The production of any service or commodity is considered an industrial process, with infrastructure being well developed assets. Also, another shift by GE is underway to rede ploy the company’s investments away from “ non-core” assets such as media, plastics and insurance to higher growth, higher margin business in oil and gas, power, aviation and health care. Since the announcement of the sale, GE shares were trending higher up 14% to $ 26.24 per share. Shares closed at $26.61 since rumors first surfaced about sales.
VW needed to rebuild the image as a “drivable car”. • Decide Marketing Plan/Nostalgia How much of cars heritage (planned nostalgia) and vehicle past influence current customer base was something that Vanzura also had to consider. Research said the car had customers
International tourism ranks fourth after fuels, chemicals and automotive products in terms of generation of export income. Heritage tourism is the fastest growing sector. The historic and cultural resources associated with people, events, or aspects of a community’s past give that community its sense of identity and help tell its story. These resources are the most tangible reflections of a community’s heritage. History can and should be used as a selling point for a community.