Letting the company’s intentions known to people will allow open discussions amongst the shareholders of how to handle a situation appropriately. Thus, allowing the confidence in knowing that Riordan is functioning to a high set of standards. There is lot of competitive advantages for the Riordan, as there is lot of diversity in the sales. There are both national and international sales of the products. There is also provision for incentives for the employees for their outstanding performances.
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.
Task 2 – (This question provides evidence for grading criteria P2 & M1) Evaluate the benefits and importance of customer loyalty. Identify and apply the importance of relationship marketing. Ans: - Customer loyalty can be defined as the strength of the relationship between an individual's relative attitude and repeat patronage with a supplier. It is a self-reinforcing system in which the company delivers superior value consistently to find and keep high-quality customers, (and, where applicable, employees). The economic benefits of high customer loyalty are measurable.
The challenges place an ability of performance, increasing skill-levels that produce customer valued work. Employee encouragement takes a creative and “individual approach to challenges, with a strong emphasis placed on performance and skill—and equal, merit-based opportunities across the board” according to "Lg, Life'S Good" (2013, p. 9). This increases the value of the organization and how the organization maintains its longevity with shareholders, within the market, and a society catered to through
The rewards granted, by the advancement of this position are lucrative and professionally enhancing in a career. It is my opinion that the rewards associated with this position are effective as there are many people waiting for a position to opening. Employees in this position seem to be motivated to progress toward higher levels and goals. In addition to the Independent Development Program, this position is entitled to enroll in the Independent Leadership Development program. Goals The main goal of this position is to place the organization under a microscope and define areas of improvement and productivity.
To achieve these strategic targets, P & G plans to achieve by improving and touching the lives of more consumers, in more parts of the globe. The company will also influence its core strengths in leadership to generate competitive advantages that are vital to winning in the consumer products industry. The driving forces of: brand-building, innovation, customer knowledge, and go-to-market capabilities will permit P & G to accomplish their targets. The company is motivating productivity in all aspects of the business through an arrangement of digitization, integration, and simplification. The company is also strengthening the quality, extent, and depth of leadership on all levels of the organization to make a more real-time, demand-driven and future-focused business (Procter & Gamble, 2011).
Our value-added: financial advice. Our competitive advantage: our people. The company’s mission is to satisfy all of their customers' financial needs, help them succeed financially, be the premier provider of financial services in every one of their markets, and be known as one of America's great companies (Wells Fargo, 2009, para. 6). Wells Fargo mission and vision statement is understandable.
Why is diversity valued? Diversity is valued because it is fair and it’s what makes the United States who they are like in the workplace my company is very diverse in the workplace they hire many different races and offer the employment opportunity to any member of society that may have
The employees retention rate is double that of all employees. Cassidy, J. F. (2004). Business Communication degree will be useful to our company. College will help them improve in organization skill, prepare them to handle written reports and letters or give oral presentations, improve multi-tasking skills or listening skill just to name a few. 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.
Diversity Training Rosalyn Romero-Donis Everest University Online SYG2001-35 Governments and corporations can definitely make positive use of diversity training for employees who deal extensively with the public. Diversity training is more than just realizing that people come from different cultural and economic backgrounds. One of the key factors in dealing with diversity is realizing that people have different ways of communicating based on their backgrounds. Focusing on diversity and looking for practices to create an inclusive organization - one that makes absolute use of the contributions of all employees - will generate increased productivity. As such, diversity training is a critical component of the present and future success and growth of an organization's business strategy.