My Boss, L.J. Watkins, wants to cut cost because of increased competition from another firm and some changes have already been made. Before these change Watkins Co. had a relatively laid back atmosphere in which supervisors did not frequently push or confront employees that often. Wages were considered low for the area and as a result workers would work overtime to make up for their low pay. They were unsupervised during these overtime hours and reportedly were very productive.
Identifying where change needs to be made is not always obvious in an organisation. Simply challenging the ‘status quo’ or ‘it’s the way we’ve always done it’ can lead to new ideas and ways of ‘thinking outside the box’ that benefit the company. AC1.2 Identify the barriers to change and innovation in the organisation There can be multiple barriers when trying to implement change. The organisation may know they need to make changes but lack of planning or lack of agility can stop progression. Employees and Managers play a
Innovation is usually a catalyst that spreads change and adaptation throughout the industries it touches. Like a virus it moves from one industry to other helping to create the economic system stronger. Because early adaptors of innovation make market advantages such strategic incorporations are sought, accustomed and capitalized on. Great ideas create great interest and stretch quickly even when new innovations are concealed by the industries that develop them. A large number of people understand the need to understand and adopt new innovations when they are beneficial but not many understand what happens when such innovations do not succeed.
Although helpful, temporary employees will not maintain the cohesive employee and company culture as would permanent employees. Hire or Retain: Tanglewood does NOT want a high turnover ratio, so their best interest is in retaining their employees. If Tanglewood is going to put an investment in their employees with internal hiring and developing their talent, then they need to follow that with
This strikes me as a fear of change. He feels he is viewed as an estate agent, and although he has aspirations of a managerial position, he believes that others may not feel the same. He knows he is more than capable of doing the job as he has stood in for the current manager when he has been on leave. I think he feels that he coped then because he always knew the current manager would be returning to correct any potential mistakes? I also think he believes that the other office staff were happy for him to cover, purely because it was a short term thing, and potentially they couldn’t be bothered with the additional workload.
Acquire or Develop Talent: engaging in an acquired talent strategy shifts the responsibility of employees to human resources department to all managers throughout the organization. The process of attracting and retaining profitable employees is well promoted in the organization so this really increases more competitive relation between firms. But if you refer to the book if the company wants to achieve a full acquisition strategy then Tanglewood is going to have to acquire new talent. This is obviously the best strategy for Tanglewood due to its evident looking at the case. They are some inconsistency in the management styles between the first set of stores and the more recently acquired stores.
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.
There is no training program for them that state any reasons why the culture of the company relies on customer satisfaction. So in this case some employees may feel resentment for having to put so much effort into making their customer happy. For instance, some Nordstrom employees may feel that it is too difficult to meet the needs of some of their customers. Employees are expected to go out of their way, even to work long hours or beyond their hours to meet their customers’ needs, but they do not get compensated for any overtime. The environment for this employee could be very stressful and cause them to not want to put much effort into sales.
The rise of industrial capitalism drastically changed America and the way people thought which had a both positive and negative effect on America. The new industrial transformation made life easier and more convenient for people with the invention of new technology, ideas, and more opportunities. It created more job opportunities and allowed people to use their creativity. People had the freedom to pursue wealth with self-interest and competition as their
It has helped us to bring the world to where it is in the present. While it was not all beneficial, it also increased population and made America and Britain more successful in making goods faster and having more than what was needed which is a great thing to have other than the opposite. The Industrial Revolution has benefitted us in many