OB is an interdisciplinary field that includes psychology, sociology, economics, political science, management and communications. (Bauer p. 10). The study of Labor or Industrial Relations (LIR) is a subset of organizational behavior topics and is very specialized; however, it can provide insights into the broader view of employer-employee relations in any organization. Wages, benefits, work-life balance issues, workplace conditions, career opportunities, employee development and training programs are just a few of the issues that HR professionals currently manage. As we look forward, the role of HR will be increasingly tasked to prove their worth by improving a company’s financial performance by focusing on activities such as strategic planning, change management, corporate culture transition and development of human capital.
Contingency plans typically are developed during the analysis of the strengths and weaknesses of a proposed business strategy (Adams, 2013). Both strategic controls and contingency plans are necessary because a company’s internal and external environment are constantly developing and changing. Without either a company cannot appropriately respond to normal changes and events or any unexpected and potentially catastrophic events. Objectives Ocwen’s grand strategy is to obtain a competitive advantage through market growth. The company’s objectives include continuing to secure sustainable growth through acquisitions and then attain successful integration of those acquisitions.
Persuasive Paper Part 1: A Problem Exist Linda Aponte Strayer University Introduction Outsourcing is one of the most popular trends in present times as outsourcing helps companies to achieve higher levels of cost efficiency. A company that engages in any off shoring/outsourcing activities; - these activities may include production and information processing. Outsourcing helps a firm give out some portion of its work and ensure that it carries out only the main aspects of business thus focusing on the major aspects of work and value addition activities. Since there are foreign nations involved in case of outsourcing, the rules and regulations as well as the laws and legislations of each of the nations are severely different. Thesis Statement In case of companies outsourcing to nations without labor laws and union laws, it is quite possible that there is exploitation of workers and practices like child labor prevail.
Question #1: Examine the advantages to hiring internally to fill vacancies within an organization. Hiring internally to fill vacancies within an organization has many advantages, both tangible and intangible. Reduced costs during the hiring process and greater employee productivity are quantifiable advantages. Also, hiring internally may be the practice that best aligns with a companies’ corporate culture or strategy. External recruiting can be expensive, and hiring internally provides an avenue to reduce this cost.
In the service sectors, the cost saving from offshoring enables companies to create new service lines, many of which had been deferred for want of investment. New services increase customer satisfaction and become new revenue streams, as well as growth paths for companies. The geographic nature of offshoring brings its own advantages. It helps the company expand its reach, thereby helping the company grow. This growth mitigates any negative effects of offshoring.
They play a critical role on the firm's ability to compete within the market. Their performances can have a huge impact on the firm's strategies and how the firm’s goal is designed. The managers are charged to make certain their firm is able to effectively formulate and implement strategies. The top level manager's strategic leadership is the ability is to anticipate, envision, maintain flexibility, and empower others contribute to the firm’s success. They involve in managing entire enterprise rather than a functional subunit, and coping with change that continue to increase in the global economy.
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.
Business Case-Talent Acquisition Topic: Business Case-Talent Acquisition Presented by: YM Goals: Demonstrate the importance of putting more time, effort, and energy into the hiring process in an organization. Introduction: The following table has been created to offer key points to begin a good Talent Acquisition process. These points also provide general ideas about how organizations can save money and efforts at the same time. And with this information, the senior management team will learn about an effective and necessary process that must be taken in consideration to be able to increase revenues in long terms (not only in short terms), increase credibility (inside and outside the organization), as well as maintain legal compliances within the organization. Business Case-Talent Acquisition | HR-Talent Acquisition Team | GOALs | Effective Talent Acquisition | An effective talent acquisition must begin internally to be able to success externally.
Individual financial rewards are given if the entire team completes the presentation to the company’s satisfaction and before the due date. This concept varies from the common individual-based compensation strategy that many firms employ. Individual-based compensation, as defined by Martocchio, rewards employees for meeting such work-related performance standards as quality, productivity, customer satisfaction, or other relevant factors. Team-based compensation is adopted by businesses for many reasons. For a business that struggles with collaboration morale, it can help incentivize group work.
Activity based costing (ABC) is a dynamic method to determine the costs by assigning them to the major activities performed in an organization. ABC is a powerful tool for organizations to have accurate and effective cost to avoid the misrepresentation of the product’s cost, which can lead to sustainable development and growth required to be competitive in the era of globalization and complex business environment. In today’s global marketplace, firms are facing ever-increasing competition among them. Companies must react rapidly and manufacture low cost, high quality products to be successful in this new environment. Senior managers must have accurate and up-to date costing information to make proper decisions.