The performance of SWOT will be used to analyze if Kudler Fine Foods has the resources and time to become an IPO and discuss any possible mergers/acquisition request to either expand or reduce assets. Kudler Fine Foods “Kudler Fine Foods is a local upscale specialty food store located in the San Diego metropolitan area. The company has three locations (La Jolla, Del Mar and Encinitas). Each store has approximately 8,000 square feet of retail space located in a fashionable shopping center. The stores are stocked with the very best domestic and imported foodstuffs and divided into the following departments: * Fresh Bakery and Pastries * Fresh Produce * Fresh Meat & Seafood * Condiments and Packaged Foods * Cheese's and Specialty Dairy Products” (Tatum, Harris, 2011) Strengths of going public with IPO The strengths of a company are very important when it comes to decided such a huge change like becoming an initial public offering (IPO).
Feedback should be practiced for each individual employees via meetings, or other devices to reinforce team performance and effectiveness with intention of providing motivation for team 2. Why is encouraging participation in the planning, decision making and operational aspects of the team's work important for developing team cohesion, and what role does feedback play in doing this. Offering feedback and reinforcements is important because it commends and offers opportunities to review and reward its members for their contribution, and the standard of cooperation to the work produced. Investing feedback in developing team cohesion is vital for the teams dynamics to work, because it
Organizational Behavior Kudler Fine Foods is an upscale specialty store in southern California. The store’s primary market focus is to customers requiring gourmet and organic foods. Kathy Kudler’s mission is to provide the finest selected foodstuffs, wines, and related needs coupled with helpful and knowledgeable staff to provide the customer the best experience possible. This analysis will examine Kudler Fine Foods’ culture, organizational structure, leadership style, and identify factors that will drive change to improve the company’s competitive advantage. Culture at Kudler Fine Foods Kudler Fine Foods, like every company, has an organizational culture.
Understand how to establish an effective team. AC. 1.1 The benefits of effective working relationship in developing and maintaining the team Establishing and maintaining good work relationships critical to business success. It is important that good relationships exist between the team members and between the team and the manager. Good working relationship can benefits of more effective team work and improved morale by • Good communication between team and manager-this ensure that information is passed in to all members.
On a company wide basis, this has had a knock on effect, gelling us into a team that have built good relationships with each other, formal and informal. We have all committed to the common goal of the company, acting in an open and honest manner whilst feeling appreciated and secure. The following are behavioural steps that I look to and seek to put in practice toward developing and maintaining trust: Always be honest with your manager/employees about positive and negative aspects of the business. Expect the wider team to maintain the same level of honesty with the employees. This sense of integrity makes your manager/employees and colleagues more trusting of you and your actions.
An effective tool to set a common purpose within a team would be to develop a Psychological Contract. This is a “set of promises or expectations that are exchanged between the parties in an employment relationship. These parties include employers, managers, individual employees and their work colleagues.” (Paul Matthews). This informal agreement can create a strong relationship within a workplace team with positive impacts on motivation and performance both individually and collectively. ‘Michael Wellin’ states that a psychological contract will typically make reference to the efforts/results employees are expected to deliver, and also to the way the organisation will contribute to the psychological contract development.
They have recognized the importance of creating a culture that includes accountability. The organization creates the culture of accountability therefore the employees understand they must work as a team to ensure the organization as a whole is successful. The employees that are self sufficient and self motivated seem to contribute more to the culture of the organization. The culture being set in place sets the tone for the organization’s management and the frontline employees. This culture may also build a positive rapport between the organization and employees that will produce a positive culture.
If they get more customers, then sales will increase and their overall profit may increase because of this. The co-op may also benefit from being ethical, as it makes the business different from their rivals and competition. It gives the business a unique selling point, and the co-op can use this to their advantage. They have an opportunity to increase their prices as the customers may be willing to pay more for products if the business has good morals. Co-op, however, can experience disadvantages from being ethical.
Why is cohesion so important to the team setting? Cohesion refers to the processes that keep members of a team united. A team with good cohesion will be able to work together to reach common goals and work with each other in the future as a result of their experience together. Cohesion is a strong feeling of trust and respect of the fellow teammates that allows the team to communicate and be honest with each other to be able to keep focus on what’s best for the company. Group cohesion represents the strength of bonding of group members and has been found to be strongly related to group efficacy (Marcos 320).