It can go globally, but it should be careful with culture of countries, and beware of other potential competitors. Before going globally, it should improve the company’s workforces, be better and offer best products and services. Attract or Relocate On my opinion, it is easier to bring the labor to the organization, than organization to labor for Tanglewood situation. Company has 12 regions, many region choices for people to live. It would be hard for Tanglewood to relocate.
A code of conduct is a one of the major key factors in keeping a business in good ethical standing. Ever company should have a code laid out for all employees to view and understand. Code of Conduct: I. The success of our company is built on trust and credibility that we obtain by following through with commitments, and showing integrity and honesty. II.
Changes in services that are offered to the residents have been the driving force towards the growth and setting BKD apart from the others. One can clearly see how the change managers have applied the vision in the changes. Other departments or communities can take a look at the vision and use that as a guide to changes they want to implement or in the process of implementing to be sure that what they are doing will grow the company, will enrich the lives of our residents. With BKD’s vision in mind, one must be sure that they do not try to grow too fast. Set a pace of growth that will be sustainable, that will not rock the company to the core and in process set it back.
If the company engages an operational product planning tactic interconnected with a vast quality progression that focuses on market needs and customer needs, the company will succeed with new products in the current market. A further quality procedure for BJB Manufacturing Company would be to make sure successful product proposals are generated through consultations through corporate management, and manufacturing groups. This is done because groups will have important product information that can help other group’s complete individual sections of the business plan. It is vital that each section of BJB Manufacturing Company comprehend the company intentions and product course so that the company can design product plans, merge quality procedures, and adhere to planned practices.
The strategic plan will help provide better, more targeted service to its clients and will be more specific on how the company will go about achieving company goals. The strategic plan will help Riordan’s executives understand the company’s direction by reviewing past progress and making changes to improve and grow. The strategic plan is an organizational tool that will help keep Riordan on track to meet growth and financial objectives. Need for a Strategic Plan Successful businesses are effective at identifying opportunities for growth and ensuring every manager has the same goals. For Riordan to further strengthen their strategic plan, they can develop a financial model based on their income and cost assumptions they would anticipate under the plan (Mikrut, 2010).
This form of leadership allows individuals to take accountability of meeting the goals of the organization. Transformational leadership fosters open communication between company lines and throughout the organizational lines. Transformational leaders are visionary and can motivate employees to do what is right for the company, despite individual differences. Building trust with the teams of employees is crucial. Transformational leadership allows for the necessary changes in paradigms to occur within the
Business Plan A well documented business plan can provide tremendous value to the organization by detailing the business goals for your intended audience. By definition a business plan is “a plan for the business, clarifying why it exists, who it exists for, what products and services it provides these client groups, how it intends to develop and deliver these products and services, and where it is headed” (Business Plan, n.d.). Business plans are used to start new businesses and to grow existing businesses. They can be geared towards internal audiences (staff) and external audiences (investors, suppliers, lenders, and so on). They provide a rationale for the business, its service(s) or product(s).
It involves modeling the vision, forming teams, influencing them and aligning people to achieve the set goals. Leadership bears the responsibility of inspiring people and producing meaningful changes in the company. Leadership is therefore responsible for positioning people and organizations in the right positions. A good leader has the ability to articulate a vision and assign the right people the right tasks based on their talents. Leaders motivate their subordinates and in return obtain outstanding results from their employees.
This culture creates acceptable and predictable behaviors to better guide associates through their daily job functions. The corporate cultures serve an organization by enabling the organization to be flexible and adapt to the ever-changing competitive landscape (Leban & Romuald, 2008). Home Depot’s leader Robert Nardelli, determined that Home Depot was in need of a culture change. He wanted to change the organizational culture from a laid back, interconnecting organization, to a tough-minded approach to develop power, growth and volume. The Nadler congruence model would be the best option for this type of cultural change.
Human Resource Management Week 1 Assignment 1. Why do you think is it important for HR to be a strategic partner to the business? HR is an important strategic partner to any business, because it identifies the needs and future needs of the organizations that they are representing. HR is a direct connection to the employee, management and the organization ultimate goals. These ultimate goals are met by the basic functions of HR which are planning, organizing, leading, and controlling.