Discussion Board, Week 2 Kelli J. Rogers Organizational Design and Structure BUSI610 Professor Dr. Spotts Written responses to questions How do you think planning in today’s organizations compares to planning twenty-five years ago? Do you think planning becomes more important or less important in a world where everything is changing fast and crises are a regular part of organizational life? Why? Planning in today’s organizations has changed drastically compared to organizations twenty five years ago. Companies must be much more aware of the external environment due to the advancements in technologies (Daft, 2013).
The company’s objectives include continuing to secure sustainable growth through acquisitions and then attain successful integration of those acquisitions. In addition executive management seeks to improve the company’s business activities by implementing infrastructure improvements, improve the quality of customer service, and lower operating costs. Although these objectives are of significant importance the executive managers also recognize the need to implement financial strategies to reduce risk and to implement a strategic growth management plan. Functional Tactics Functional tactics are derived from the company’s business strategy
Industry Matrix From my research I found Wiggins Payroll’s key success factors to be client training, user friendly web portal, human resource support and fair prices. In reference to the industry matrix you can see Wiggin’s in comparison to two other payroll service companies. Client training is a big factor in the success for Wiggin’s. Many client reviews have justified just that, for example, “They cost less, they
Price *Improve competitiveness in pricing with a totally different strategy or approach than competitors. Need competitors’ selling prices, strategies by benchmarking. *Low prices as a long‐term approach to business to attract more customers. They can implement this strategy by lowering transportation and storage costs. Need supply chain, inventory, order processing, replenishment, and manufacturing process data.
The Industry as a whole strives to reduce costs. The DCF approach -“When customers insist on our brands for reasons other than price, when they view our products as clearly superior to other appliances.” Ex: Super efficient refrigerator program. Also “building competitive advantage by continuing our expanding worldwide enterprise at all levels, and to leverage its best practices and Whirlpools cumulative size”. Innovation is also very important competitive advantage. Whirlpools were able to go to the position of a leader in its industry because of three things: Cost efficiency – focused
By expanding into the market of low cost tax accounting services this firm will be able to remain competitive and profitable. To successfully complete this goal, the company will hire non-Certified Public Accountant (CPA) tax consultants. Non-CPA tax consultants require less compensation than their CPA counterparts, thus aiding in the goal to reduce costs. By hiring non-CPAs, this firm will be adopting an ethical responsibility to clients, the public, and the non-CPA employees. The American Institute of Certified Public Accountants (AICPA) has published guidance on various ethical issues that may possibly arise from the shift in business strategy in this firm.
For companies with constrained resources, offshoring also offers better utilization of capital investments through remote usage in multiple time zones. The key to offshoring success is to exploit its advantages through a well-planned and articulated proposition that looks at the business from multiple dimensions, rather than as a simple cost-reduction exercise. As Franklin D. Roosevelt once said, "The only limit to our realization
Best-Practice Integrated Supply Chain Management and its Competitive Advantage Survival of companies in today’s economy requires continuous process innovation. Firms often seek competitive advantage through product features, price, promotion, and advertising, while failing to see the value of an exceptional service operations system. It is best-practice integrated supply chain management that enhances the firm’s marketing effortts to create competitive advantage. Supply chain management is rare in today’s business organizations because of its complexity, but its process intricacy makes it difficult for competitors to replicate a successful system. Supply chain management is the complex process of managing systems to ensure that products are where they should be when they should be there, while minimizing costs and creating opportunities for profit.
Running Head: CASE STUDY The Coors Case: Balanced Scorecard Objective of Implementing Balanced Scorecard The main objective of implementing the balanced scorecard (BSC) in the Coors is to implement an effective performance measurement process as traditional process is not quite effective to measure the performance of the corporate and business units. The main objective to implement BSC in the organization is to increase the focus on continuous improvement. The other objective of the business is to reward the employees on their performance and also for their risk taking ability and learning to improve performance. The BSC will also be effective to state the employees about the opportunity and reward for their working clearly. The gap between the vision statement and sic planks of the Coors also supports the implementation of BSC within the organization as it would be effective to bridge the gap and to increase the business profitability.
For a business that struggles with collaboration morale, it can help incentivize group work. For a company that strives to combat an individualistic workforce, it can aid in cooperation. Employing a team-based compensation strategy in a company will encourage employees to engage with each other, collaborate and strive towards a common goal together, which creates major business benefits. Also, team-based compensation can help a firm stay competitive within its market. Companies that outline their people as their competitive advantage need a strong compensation system to attract and retain their workforce, and employing a team-based compensation strategy will aid in this.