Riordan will pay higher salaries to employees with high-level skillset to attract and maintain employees with these skills. In addition, this strategy will help the organization keep production running smoothly. The company understands it would cost much more in time, resource, and money to keep retraining new employees. Research and development strategy is part of the pride of the company. Riordan regularly creates and uses some of the most innovative processes and procedures to provide customers with the best product possible.
Shuzworld will be able to accomplish this by equalizing the task times at the company’s work stations in order to ensure that employee time is maximized to its full potential. This can be accomplished by organizing employees into work cells that focus primarily on the product they are working on. By focusing on the product within the work cell, the company will be able to make better use of the production floor, as well as reduce the amount of direct labor required while increasing the sense of participation by employees. This will translate into higher rates of productivity on the assembly lines. One way to improve the work area for the employees is to create work cells that enable employees to communicate with each other in a simpler fashion, as well as have employees cross trained so that they can intervene and assist when necessary.
A procedure can be build to help the managers and consultant at the customer interface achieve new insights into the customer’s requirements and favorites. Lastly, customer-focused strategy is to enter industry that has strong strategic relations to the core adjoining industries. This is a mainly tempting alternative when the core industry is moving toward its operating effectively, produce surplus cash for reinvestment and full capabilities. Therefore industries are most situated to this strategy because it creates relationship with the customers. The executive growth strategy- The three customer-focused growth strategies explains the need supporting infrastructure to raise the chance of victorious implementation.
2. Competitive strategy Digging into CI’s case, it seems that the firm tries to use cost leadership strategy, and they do their best to control the costs. CI’s impressive improvement strategies include increasing productivity, cost cutting, overhead control, improving technology and increasing prices. Whether these strategies are appropriate, however, should be carefully evaluated. 2.1 Productivity The competitive strategy of increasing productivity is mainly concentrated on enhancement of direct labor productivity.
Knowledge Questions Unit CU681 Improve Own Performance in a Business Environment Outcome 1 - Understand how to improve own performance 1. Explain the purpose and benefits of continuously improving performance at work The purpose of improving performance at work is to gain new or extended knowledge which can be helpful toward improving the quality of work you do. If you want to progress in your job e.g. promotions etc. constantly improving how you work is not only good for gaining knowledge but for your own self-worth and confidence and how other people perceive you e.g.
PERSONNEL MANAGEMENT: POLICY AND PROCEDURAL ISSUES 2 EMPLOYEE ENGAGEMENT/DISENGAGEMENT INTRODUCTION Employers want employees who will do their best at work or ‘go that extra mile’. Employees want jobs that are worthwhile and that inspire them. More and more organisations are looking for a win-win situation that meets their needs and those of their employees. What they increasingly say they are looking for is an engaged workforce. Employers want engaged employees because they deliver improved business performance.
The best forms of motivation focus on what the employees deem to be important. Many organizations find that flexibility in job design increases an employee’s longevity with the organization, improves productivity and betters morale ("Reference for Business; Encyclopedia of Business", 2012). Some methods of motivation include empowerment; creativity and innovation; learning; quality of life; monetary incentives; and other incentives ("Reference for Business; Encyclopedia of Business", 2012). Empowerment means giving employees more responsibility and decision making authority so they can feel control over the tasks they are held responsible for and better equips them to carry out those tasks ("Reference for Business; Encyclopedia of Business", 2012). Creativity and Innovation gives employees the opportunity to use their ideas to improve a job, product, or service ("Reference for Business; Encyclopedia of Business", 2012).
The types of jobs that would open up could be Communication Director, Marketing, Management positions, accounting, human resource, public relation, administration and economic, even research and development. Tuition reimbursement will help build the company by increasing confidence in the employees, retain employees, and attract quality employees. Hiring within the company shows goodwill we care. The company has an opportunity to give back and create a new culture that consist of goodwill and loyalty to their employees. Building a foundation that will growth from the inside.
Nordstrom’s business practices contribute to positive worker relations by giving the employees a sense of importance to both the corporation and their own occupation. By the employees feeling important and knowing they will benefit from being the best salesperson they can be, I believe it makes be more motivated and determined to perform their daily work duties. Nordstrom uses positive reinforcements to motivate and push their workers and mainly secondary reinforcers to appeal and maintain their salespeople. According to Psychologist Kendra Cherry, in an article on About.com, a secondary reinforcement, also known as conditioned reinforcement, refers to a situation in which an incentive emphasizes a behavior after it has been associated with a primary reinforcer. Cherry also explained primary reinforcers and how the items occur naturally and do not need to be taught nor learned (water, food, sleep, air, love, etc.).
b) What are the benefits of continuously improving performance at work? Please state at least two. Benefit 1: There is a chance of a promotion as my employer will see how hard I work and the work I produce which leads to more money for me Benefit 2: I will be able to take on more skills which will broaden my career opportunities and may lead to getting a better paid job in another organization 1.2 a) What is the purpose of encouraging and accepting feedback from others? The purpose of encouraging and accepting feedback from others will help me improve how I produce my work tasks. I will learn from mistakes I have made and ensure I carry out work duties correctly the next time around.