What communication techniques demonstrate the company’s flexibility? There are several techniques used by TRI that demonstrates their flexibility. The top-down system they have in place shows that they have in place a structured management system. The open door policy of theirs shows that they are receptive to their employees’ ideas and grievances. The cross training shows they are always aware and interested in the advancement of their employees.
Tanglewood Case 1: Staffing Strategy Sarah Hembree Instructor Cheryl Karg January 6, 2013 Assessment of operating environment Tanglewood is a company that appears to be thriving and growing at a good rate. Their PM, ROA, and ROE shows profitability as well as being able to efficiently handle their assets and revenues. Their market is the middle to upper class of consumers who are looking for lower prices as well as convenience. They have created for themselves their own “Brand” to sell in its stores, as well as an online “Country store” which allows consumers to be able to shop online and be able to either pick the item up at the store or have it shipped for convenience. Employees are an asset to the company and are encouraged to make suggestions which have lead to a few major operational changes within the company.
Taking this into consideration - Tanglewood’s rich history, its competition, current staffing strategy and desire to grow and maintain a strong internal culture - I have detailed my recommendations below. They are sectioned into the thirteen areas of concern highlighted in the report provided me and are closely tied to the company’s mission and values: Acquire or Develop Talent I recommend acquiring
A Leadership Plan for the Merger/Acquisition The success or failure of a merger or acquisition depends on the skill and integrity of the organizations’ leaders. The leaders of both organizations must be skilled in communication. Effective communication is the most important element in organizational behavior and is the key ingredient of successfully integrating two corporate cultures. Effective communication in this situation is merely a method of delivering ideas specific to organizational restructuring. Management must be cognizant of the need for continuous open and timely communication within the new organization.
Rachael Jamison What is professionalism? It is the level of excellence or competence that is expected of a professional. Professionalism is a quality that is a great asset for any individual to have, and a person that is professional should always act with integrity, be trustworthy, be respectful of others, and always conduct their business in the appropriate manor Businesses expect a certain level of professionalism from their employees during work hours and when on company property. Workplace etiquette is important for making first impressions and maintaining healthy relationships with superiors and peers. Communication, behavior, and appearance are three are the crucial factors that make a great professional employee, as these are characteristics that can contribute to a company in its goals to be profitable.
1. Using the strategic training process shown in Figure 2.2 of Noe identify each component of the company’s strategic training process. The first component of Just Born’s strategic training process is its mission, vision and values. Just Born’s stated mission is “Aggressive growth and above average profitability through superior leadership.” Their declared vision also gives insight to the company’s values “Continuing as a family-owned confectionary company, our commitment is to be market-driven, quality business enhancing our reputation as a progressive, ethical, and respected employer, manufacturer, marketer, and member of the community” Both Ross and David made it clear the goals of the company closely align with its vision statement. They Just Born to be a respected company and obviously a profitable company.
Knowing your own strengths and weaknesses and those of your employees, taking the time to know your employees is vital for a strong and cohesive team environment and will enable you to be able to bring the best out of your team because you understand their strengths and weaknesses and you know the person. Being motivated, energised, focused, positive and loving what you do is a great example to lead by and I would ensure I always acted in a manner that reflected my values and work ethic and to be fair and firm in all my dealings, that is how I would measure my performance. There is so much more though to being an effective leader and good role model; you need to be able to set clear and defined personal and work goals, plans and activities that reflect the plans of your business and your own responsibilities and accountabilities. To measure my personal performance I would set performance based goals rather than goals based on outcome because with performance based goals you have control over how and when you achieve them and satisfaction when you do complete them. With outcome based goals you are
Best Buy is able to effectively manage the flow of its inventory that helps them complete the important task of having the right merchandise on its shelves for customers to buy. Weaknesses Although Best Buy has a large market share, the sales of the company heavily relied on domestic sales. The large percentage of the company’s sales mostly comes from US market despite the existence of its stores in other countries. The company still needs to push the products to the market in order to stay in the global market. Best Buy lacks strategies in strengthening the business in other countries where the company operates.
7 Principles of Admirable Business Ethics 1. Be Trustful: Recognize customers want to do business with a company they can trust; when trust is at the core of a company, it's easy to recognize. Trust defined, is assured reliance on the character, ability, strength, and truth of a business. 2. Keep An Open Mind: For continuous improvement of a company, the leader of an organization must be open to new ideas.