Donco has not lost an employee who chooses to chase a dream, quite the opposite; our company is better and stronger for caring. The loyalty instilled in someone when so much caring is shown is priceless. The affect this individual can have on attitudes in the workplace is amazing. Simply stated, this is doing the right thing for the workers. According the U.S. census bureau, between 2005-2009 median earnings for individuals with a high school diploma was $27,272, while those with a bachelor’s degree earned $47,747 [Census, 2009].
So there appears to be a significant cost savings in purchasing the manufacturing software. Moore also argues that the vendor system is a better system because it is a mature system that has gone through many iterations of changes based on feedback from hundreds of customers. Moore believes that adopting BMC’s manufacturing process to the vendor software will improve BMC’s operations because of the experience that has gone into the manufacturing software. Moore believes that this system will be successful because he is championing the purchase and will make sure that it works. Moore also argues that the situation at BMC is better suited to adopt a new software package since inventory is under control and they are no longer expediting orders due to capacity issues.
Management Plan Robert Greene MGT/311 Organizational Development September 16, 2013 Sylvia Ramirez-Cahan Management Plan Employees are at the heart of a successful company. Employees can bring a company from bankruptcy and low profitability to a successful and profitable organization. Therefore, the most important asset to any company is its employees. A company cannot last long in a competitive market without a skilled and well managed work force. Due to the tremdous leaps in technology, company’s market bases have grown from domestic to international as well.
Task 2 – (This question provides evidence for grading criteria P2 & M1) Evaluate the benefits and importance of customer loyalty. Identify and apply the importance of relationship marketing. Ans: - Customer loyalty can be defined as the strength of the relationship between an individual's relative attitude and repeat patronage with a supplier. It is a self-reinforcing system in which the company delivers superior value consistently to find and keep high-quality customers, (and, where applicable, employees). The economic benefits of high customer loyalty are measurable.
They create budget plans for their customers so it can be affordable, and are able to receive the rest of the rest of the full payments at the end of the year. Its top competitors are American Electric Company, Constellation Energy Group, and CenterPoint Energy. Duke’s annual revenue is 24,598 million, it is the top electric company in the United States. Horizontal analysis is important because it is showing a trend in individual statements over time. The trends in are in percentage to evaluate the economic statistics for research in budget.
The gross profit margin was 82.08%, partially imparted by the Hive Dance Club’s ability to manage the reduction of costs. The pro forma provides a significant benefit to any business owner because it supports the growth of the business as well as enhances the ability for the entrepreneur to make the correct decisions for the business. Regarding the raising of capital, the most significant sources are personal funding, private investors, and friends and family. The pro forma also reduces the stress that investors place on the entrepreneur and is something that small business owners should not neglect to develop. The pro forma can help the company to remain viable as well as ensure it with thrive and achieve future
It is important to support and encourage current employees to strive for higher goals. Showing that you the employee is cared for as is the business will help business grow because after all employees make the business world go round. Tuition reimbursement increases the value of the employee which in turn increases the value of the company. A business degree or communications degree offers a multitude of career choices ranging from salaries of over $100,000 per year to $30,000. Tuition reimbursement means increased morale, productivity, confidence, retention, profits, and less employee turnover.
The best forms of motivation focus on what the employees deem to be important. Many organizations find that flexibility in job design increases an employee’s longevity with the organization, improves productivity and betters morale ("Reference for Business; Encyclopedia of Business", 2012). Some methods of motivation include empowerment; creativity and innovation; learning; quality of life; monetary incentives; and other incentives ("Reference for Business; Encyclopedia of Business", 2012). Empowerment means giving employees more responsibility and decision making authority so they can feel control over the tasks they are held responsible for and better equips them to carry out those tasks ("Reference for Business; Encyclopedia of Business", 2012). Creativity and Innovation gives employees the opportunity to use their ideas to improve a job, product, or service ("Reference for Business; Encyclopedia of Business", 2012).
XCOMM285 WK7 Tuition Reimbursement April 14, 2014 Administration The company had a very profitable year, this is due to the employee’s hard work proving that a company is only good as its employees. As we continue to have profitable year we as a company need to keep our employee and help educate them so they can continue to grow the company. At times it can be a struggle to retain and hire employees due their knowledge or lack of what the company has to offer. By adding tuition reimbursement to the employees benefit package, (so they can achieve a bachelor’s degree in business and communication) this will help ensure the company’s profitability and growth for years to come. Offering tuition reimbursement will also help retain and attract
This book is a great resource for my paper because it supports that leaders grow their employees and make them happy. It lists the key traits to successful companies are employee happiness and what tactics these successful companies do to offer employee happiness. Having happy employees means they are productive, motivated, and care about their job. Employee happiness helps grow the success of these companies because it takes a team to get the work done and make a company successful. This is a reliable source because it is from Kaplan Library and the authors are very creditable within the business and educational world.