As I analyzed before, 4505 employees will promote by the internal staffing policy. So, the company should concern about how to hire more employees to figure it out that gaps. Although the environment for staffing managerial employees at Tanglewood is fairly complex, it must rethink about lower-level employees. That means the company improves employee’s pay or gives them more benefits so that let employees willing work at Tanglewood. If store associate gaps maintain in a lower number, Tanglewood could manage its business stable and keep growing profits year by
Week 5 Knowledge Check Score: 13/17 Concepts Mastery Questions Control Process 100% 1 2 3 17 Feedforward/Concurre nt/Feedback Controls 100% 4 5 6 Financial Controls 67% 7 8 9 Balanced Scorecard 50% 10 11 12 13 Benchmarking 67% 14 15 16 Concept: Control Process Concepts Mastery Questions Control Process 100% 1 2 3 17 1.The control process assumes that ________. employees require clear directions from management A. employees are underqualified and require training B. specific goals for performance were already created during the planning process C. employee monitoring costs are part and parcel of doing business D. The correct answer is: C. Because the control process measures actual performance against standards, these Correct!standards should already be in place when the control process begins. If standards are not created during the planning process, the control process will not have a goal against which to measure actual performance. 2.An example of control criteria that can be used in any situation is ________. A. number of calls taken per day B. employee satisfaction C. average time to process paperwork D. client requests completed per hour The correct answer is: B.
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
In this assignment, I have explained how the hardware replacement costs relates to the hardware replacement project and the project management. They are connected by the project and the five major variables which are quality, costs, time, scope, and risk. I have covered some things that a business needs to view when they are deciding the most effective project for their company that can influence a project's risk level and find ways to reduce the risk. Also I covered ways to supervise a project and explain it to all that is
It is very important that for a company to succeed every area of the business must be covered. Therefore when speaking about laws business laws are extremely important. Without laws, companies could not be secured. Whether is a multi-dollar company or a papa and mama’s place law is very important, law will help from companies getting sued and at the same time it helps companies become more productive and more profitable, laws will help a company get contract agreements in place whether is with other companies or customers. It is very important to have agreements and contract because it helps a company be honest and helps be
Most of the time the prices are higher than the rest of the other companies for product, but Zappos offers their customers a different experience. Zappos is able to maximize profits in this market because this company figured out how to dominate with their morals they have created. Zappos focused on how to provide wowing services to online customers. This is a company that knows they have to constantly change and embrace it. Zappos owners wanted his company to be fun and weird, making sure to stay adventurous with an open mind.
This advantage is most especially important in the technologies sector, in which a definitive product of specific design or purpose sets the standards for which other organizations can find most difficult to match. Though designs may be similiar in style, the cause of entering into an untapped “arena” may provide unparalled precedence in the industry. Additionally, being a first mover provides the organization the ability to set pricing at whichever value suffices its tactical goals (primary goals), as well as an enhanced demand for a rather new and innovative product. However, the problem with being a first mover is actually based upon the contrary to what is mentioned above. Without prior market penetration of an organization’s competetitors, the usefulness and effectiveness of properly marketing a new product or service can be quite burdensome.
For a company to retain talent it must offer more incentives for the employees than that of its competitors. Your company encourages the decisions and ideas of the employees but more programs could be put in place to help retain employees. Implementing a program that offers rewards for time and cost savings not only benefits the employee but also the company by projecting a positive image of employee worth to the company. Keeping the companies hiring practice on the national level is required for all employees that work in the retail stores but if there is a need for technology or manufacturing of a particular product I would recommend global labor. The ability to tap into the global labor market will make the company more competitive by being able to offer competitive prices on products due to lower overhead cost associated with the offset in the labor cost.
7). This type of unemployment benefits the worker because it allows them to search for jobs they like the most and for jobs that suits them the best. This gives the worker an opportunity to find a better job match with a competitive pay. Fictional unemployment also benefits companies by allowing them opportunity to find qualified workers that match their corporate values. Companies will have an opportunity to choose among the best talent on the market.
ALL WK 1, DQ’s: WK 1, DQ 1: What is a business’s obligation to build an ethical culture and balance its desire for profit with ethical responsibilities to employees, customers, society, and the environment? Ethics is different from one person to the next, so it is imperative that business clearly define the norm for staff members and management. The decisions organizations make influence more than business partners, affiliates, culture, and others. It is important for organizations center of attention on maximizing shareholder revenue. Therefore, maximizing profit without causing destruction to the business culture can be a balancing act for most organizations.