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).
As stated in the paragraph above, the need for this change is to allow for us to keep close ties to our customers via the new customer management system. We must keep close ties to both our long-standing customers and our new customers as well. Implementing these new management systems will allow to strengthen our relationships with our existing customers while the new systems will also allow for our relationships with new customers to continue to grow. We have a goal of fifty million dollars to reach, to reach this goal we must increase sales to existing customers, increasing sales by forced promotion; price discounts; and customer user group services. We must also expand sales to our newer customers by utilizing public relations activities, trade shows, brand development, and sales force promotions.
By doing this then the Company Q leadership can institute changes corporately as well as locally because they would then have an understanding the unique situations that each store has to contend with in each of the different communities. An added benefit of Company Q establishing and instituting a culture of social responsibility, will be in recruitment of talented individuals who are looking for companies that understand the importance of social responsibility in the communities in which they
Tanglewood: Case One Dear Mr. Perrone, after reviewing your company history, values and philosophy I feel confident that I can help you design a better functioning staffing department. Acquire vs. develop talent I believe that since two middle class everyday individuals founded Tanglewood, it is within their philosophy to develop talent within to promote ideas from their own employees and make them feel empowered. As part of my research of your company I found that it is company culture to allow all employees to give their input and suggestions, therefore in order to promote participation employees need to feel that their efforts will result in promotions. Hire yourself vs. outsource When I first began researching your company and
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.
Also will need to establish the productivity measures and compare those with the company or organization figures. Lastly, the manager will need to have a team meeting; take contribution on achieving the goals set by the manager, and institute a common goal for the teams. The transformational leadership style will work for the restructuring strategy with the new management practices, because the teams are mature and under the strong leadership of new management. In order to allow the new transformational leadership to be effective, one will have to recognize critical competencies, educate their employees, and motivate, empower, and encourage the teams to facilitate them to focus on accomplishing their goals effectively. It is important to engage the employees in the critical thinking process, decision making process and setting a common subsidiary goal that will be able to help the specialists to merge well with the existing teams.
Winchell Sr., he incorporates what it takes to be a great general manager. It is important to understand people by applying specific theories related to reinforcement, teamwork, why employees fail at their job and motivation. As a leader, it is significant for employees to feel appreciated. A simple thank you shows appreciation and respect for the employee. General Managers have the ability to reward those employees who are exceptional in their position.
This is not an effective way to get the best result from a team, but it has some advantages in situations where there is pressure to get the task done, like in the armed forces. This leadership style may use threats or intimidation to make sure that subordinates do what the leader requires. This could bring down subordinates by ignoring their knowledge and input. The leader monitors the work and each individual's performance; which is good to make sure that everyone is working. People are motivated by being rewarded; this brings encouragement helping the person who has done well do a better job and help them achieve more in the job.
Realizing what is truly important to us is a major step towards achieving personal success. Once a person fully knows who they are, they are able to see limitations and opportunities. Personal success is being able to allow for personal growth. Success can mean having a family, friends, and a mediocre paying job that satisfies. It is important to keep a balance of the important things in one’s life otherwise, weaknesses can be developed that shadows over a person’s natural strength to prioritize.
Positive Influences James Bond LDR/531 April 03, 2053 Jason Bourne One of the best ways to influence employee is providing a feedback through performance appraisal. Cascio (2005) states, “Appraisal provide feedback to employees and thereby serve as vehicles for personal and career development”. If leaders can find and identify ways to motivate and satisfy the employees, then their performance will be better. It is important to understand the personal traits, such as attitudes, emotions, personalities, and values of each person, which motivate an individual to achieve higher goals and performance. Therefore, the leaders need to concentrate on making adjustments to create a pleasing work environment for employees to deliver optimized performance.