Changes in services that are offered to the residents have been the driving force towards the growth and setting BKD apart from the others. One can clearly see how the change managers have applied the vision in the changes. Other departments or communities can take a look at the vision and use that as a guide to changes they want to implement or in the process of implementing to be sure that what they are doing will grow the company, will enrich the lives of our residents. With BKD’s vision in mind, one must be sure that they do not try to grow too fast. Set a pace of growth that will be sustainable, that will not rock the company to the core and in process set it back.
There is no one way to motivate employees; each individual employee has to make the choice to figure out what motivates him or her. To be a successful manager or supervisor, you have to understand that you can’t teach your employee’s to be motivated, but you have to create an environment that encourages and promotes employee motivation. Managers must use positive motivational techniques consistently and timely in order for them to be effective. The most effective employees are those that feel valued and supported, but also feel that they are progressing and developing through the completion of challenging tasks (www.careers-help.couk). WORKS CITED: Employee motivation.
There are many different forms of leadership styles and each differs greatly from the other. All leadership styles share one simple objective; to complete a goal as effectively and efficiently as possible. (Elliot) Effective leadership involves the delegation of tasks and proper training so that people can build upon their foundation of basic skills and grow their competencies. (About.com) An effective leader naturally motivates people to act upon opportunity, encourages others, and empowers people to achieve success rather than place blame. (About.com) To be an effective leader is to care less about your needs, and more about the needs of the people and organization you are leading.
With the centralisation of the finance, I.T. and Human Resources departments, the firm is likely to become more competitive as the corporate views and standards can become installed, regimented and properly controlled, which would result in projects and day to
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.
Despite being in the same industry, the two companies do not offer the same products, but rather different products that go into building the same final product. The merger would allow for the company to have a larger product base, enabling them to fulfill more of their customer’s needs. There are a number of synergies that are created by this merger specifically in potential cost savings by combining manufacturing facilities and processes. The estimated annual cost savings would be roughly $80 million from 2007 on. Additionally, it is expected that the acquisition would allow for Timken to have a greater power of negotiation regarding price.
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).
Organizations and businesses that promote teamwork create environments that lead groups to greater productivity, creativity, and a feeling of ownership (Finch, 2007). Developing effective teams and groups would begin with setting a clear goal that communicates the clarity of a common purpose and direction. Teams that pursue one goal at a time increase their chances of success than teams that have several agendas in place at the same time. A manager should consider the skills a team member brings to the table when putting a team together. In addition, they should group the team members according to their specific skills, and play the role needed to accomplish a particular project.
BSBMKG501B MARKETING OPPORTUNITIES Assessment 2 INVESTIGATE MARKETING OPPORTUNITIES 7 October 2014 TASK 1 Assessment of Opportunities All businesses need to set goals and objectives which provide an organisation with focus. Businesses that have specific aims are usually more successful than those that do not. The future that Super Cycles is striving to accomplish is introduce a new marketing opportunity that will fit into current business activities, will be accepted by the current customer base, will not attract intense competition and that will be financial beneficial to the long term tenure of the organisation. The goals need to be specific, measurable, attainable, realistic,
Outside –in thinking as opposed to inside out thinking is vital for successful product and service innovations. Discuss. Introduction Evidence shows that businesses that have the awareness to continually create, evaluate and successfully exploit their new ideas are more likely to survive and prosper in the competitive global economy. These ideas improve the way we do things and the things we make: the things that allow a business to remain competitive. Innovation Innovation can be defined as the process of translating an idea or invention into a good or service that creates value or for which customers will pay.