Case #1 Acquire or Develop talent My professional Recommendation: I think it is best for Tanglewood to focus more on developing talent from within because it saves the company time and money. In house employees already know about the company, and the products it has to offer. They also know about and are use to the organization’s culture, and has a proven track record. Therefore, fewer resources will be needed for this candidate. Hire Yourself or Outsource My professional Recommendation: I think it is best for Tanglewood to focus more on doing the hiring themselves because they get to set the criteria for the new employees themselves, and they get a chance to get a feel for the employees first hand.
Outsourcing is more practical for small and medium companies. To have good customer service, it is wise for Tanglewood to hire itself because their employees share the same values as the company. External or Internal Hiring To have a stable
The board of directors must by law be composed of volunteers, which can be an advantage to the company. These are also internal factors that have helped the organization be successful that it will want to leverage and grow. Asset leverage; Loyal customers; Market share leadership; Diversified products. They are all the strengths of the ALL. Asset leverage allows ALL to use their best operational assets to expand their business and improve their market share.
This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. Roberts (1988), defines innovation as the successful implementations and exploitation of a new idea or invention . Innovation is the main idea in shaping corporate life and helping companies to adopt various strategic options. It helps to reduce total cost of production, increase income avenues, and maintain efficient operating systems. Innovative businesses also benefit the economy: delivering added value; high quality jobs; successful business; better products and services for customers; and new, more environmentally friendly, processes.
This will improve and impact the businesses activities as businesses will have more skilled and efficient workers than can maybe help with more activities and aims to help them achieve their purpose. Providing organisations to support other businesses is a way to support and increase recognition of the businesses. Most businesses having follow-on businesses or businesses they may have been in business together as they both have the same aim or support the same kind of thing. The government do a lot to support businesses for example if businesses want to start up, or a very well-known and profitable business wants to move around and open up a new store; the government will lend out a grant to pay for the store. However, the government generally hand out grants to businesses that
Barriers to Accessing Care There are many potential barriers that face many people every day. The main barriers that occur are attitudinal, geographical, physical, psychological, financial and cultural &language barriers. These barriers can affect the most vulnerable of people, from the elderly to low income families. Attitudinal Barriers An attitudinal barrier is when people have negative attitudes and views towards others who may have a disability for example. Prejudices and stereotyping can influence attitudinal barriers, for example, a disabled person in a work environment may be acted against by even the most well meaning of their colleagues, as they might feel pity or feel sorry for them, making a disabled person feel put down and inferior, meaning they don’t work up to their full potential and empower them to having full independence.
Besides external output to the client, the team itself can improve their ability as each individual and complement each other as a team. It also improves their knowledge and skills and increases their experiences in handling different situation from the client and makes them learn for future task. Not only as a team, but also as individual who compose a team, each individual should feel an equal treatment and chances to learn and growth in their skills and capabilities. Each individual of the team feels appreciated with what they have been doing, the rewards not only by monetary system, however it also can be compliment from their leaders or promotion to have better position. The company itself also should survive with the financial condition, while at the same time they should maintain the reputable image in front of its
We can have both. In fact, inspired employees, quite often, help make sizeable profits.” If what Conley says is true, then happiness and success can actually be tied together for the betterment of society.
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).
It also provides customer support in the form of consulting to these customers. HubSpot has reached a point where the company can provide limited service to a diverse set of customers thus needs to consolidate and target a specific group which can provide highest utility for its efforts. HobSpot should consider the expected Consumer Lifetime Value while selection of the target markets and should consider various ways to maximize it. Key implication of narrowing the target market is better service to the customer which will result into increased retention rates. As we know increase in retention rate in the customer segment has a significant positive effect on the CLV.