With hiring the correct staff for the business, this is beneficial as the business will have more productive workers, which can lead to a better business. Cheshire Balloons needs to include in their budget is the premises, a business needs to rent a suitable premises to fit the style of the business,
Improving efficiency in connecting to customers, building customer satisfaction, customer value and loyalty leads to improved and better business results. Marketing experts Don Peppers and Martha Rogers say, “The only value your company will ever create is the value that comes from customers—the ones you have now and the ones you will have in the future. Businesses succeed by getting, keeping, and growing customers. Customers are the only reason you build factories, hire employees, schedule meetings, lay fiber-optic lines, or engage in any business activity. Without customers, you don’t have a business.” Companies must establish and maintain a high customer value for their products and services because consumers use customer value to make buying decisions.
Nateesha Bains Explain how the management of human, physical and technological resources can improve the performance of a selected organisation- M1 Human Resources: Human resources are an important element of a business the management should therefore find the right approach to their employees to be able to plan and manage them in a professional manner. Human resources are important for a business for employees because of the work efficiently this will benefit McDonalds as it increases the production and customer service in the organisation. McDonalds can manage its human resources through different methods for example McDonald’s uses motivation for their employees to improve their working environment, training for staff that have newly joined the business, appraisals and persona development planning. Another important aspect of McDonalds management is making sure they’re staff is suitable for the job this links to employing staff with the right skills an qualifications required for the job role or task. Management of human resources plays an important role in clarifying the organisations problems and providing solutions, while making employees work more efficiently.
In the case of Genentech and Zappos, they understand their employees and they understand that “money talks” and time is money. In today’s market, employees are looking for more of a work-life balance and a less stressful working environment. Genentech and Zappos do a great job at showing employees they are valued members of the company by including benefits like nap rooms, unlimited personal leave, flexible schedules, childcare, and many more along the same lines. By showing the employees they care, Genentech and Zappos are able to have higher quality, motivated employees because they have a higher visibility to the job market due to their quirky benefits. These benefits are key to ensuring you are able to fulfill the goals of HRM because they allow an organization to attract the most qualified and enthusiastic employees.
Flippo has defined training as “the act of increasing the skills of an employee for doing a particular job.”(Personnel Management, p192) Training has several benefits for the employees. It increases a sense of ownership in them for the business and increases their effectiveness by making them more organized, productive and flexible. Development implies the overall growth of the employees rather than development of any one particular skill set. It is a dynamic process involving continuous expansion of the skills and knowledge of employees aimed at their long term professional growth rather than their immediate performance. Therefore, development is not only about improving the employee’s job performance but is about the overall growth of the potential capacities of individuals.
It’s suitable for Best Buy to adopt Differentiation Strategy, on of Porter’s generic strategies. Because one of Best Buy’s organizational strengths and advantages is having strong market share in retail-market. More-over, Best Buy has low cost advantage over its competitor so it don’t have to put a lot of focus on this segment. Best Buy always very good at getting high volumes of products out of its factory to its stores. But they still need to evolve, to reengineered its supply chain to improve their business.
Tanglewood want to make sure they have the best possible staff that will give the best customer service experience. Tanglewood needs to differentiate itself from the competition, build a strong culture, save money by hiring internally and developing their talent, hiring people who are new to retail and developing them as Tanglewood associates, and it will support Tanglewood’s team focus and maintain the family atmosphere in employees that the company was built on. Developing talent is a better strategy for Tanglewood than acquiring talent because acquiring talent from other companies’ costs more money. Additionally, if Tanglewood starts employees off as associates who are new to working in retail, everyone will start fresh and learn everything the Tanglewood way. This may also result in there being less opposition among workers about how things should be done in retail because they will not have experienced any other method.
Evaluating the steps an organization can take to improve skills of its employees * The achievement in any business is contingent on exactly how good your personnel are skilled. Skills for example, communication is quite essential to any organization. If its employees have acquired and implemented more skills within their work, it will obviously be better for the business, in terms of productivity, efficiency, success and revenue. It is very essential for staff to have adequate communication skills, due to the fact it’ll maintain the flow of the business, productivity, and extra participation and involvement for the employees which will allow them to interact with each other which will eventually result in better propositions and outcomes for the business. * In addition, supposedly if staff are having difficulties during communicational activities and processes, it is possible for them to attend and be a part of training programs after work hours, and if any sufficient improvement is made, employees it will be very profitable when working with colleagues and customers which will ensure everything is very understandable and no confusion is cause.
Benefit and Drivers Paper Team A OI/361 03/18/2014 Terry Haney Benefit and Drivers Paper Huffman Trucking Since Huffman Trucking wants to use innovation to achieve the organizations objectives. They can put their workforce to good use by using them, their employees are the ones that work in those trucks, work with the customers. So the employees should have the best insight on how to use innovation. Since the employees are already being paid they would be more than willing to offer their input, just to see the company improve itself, we hope. However if we do not receive enough input on how to make the company better, we would offer an incentive package to help motivate those employees even more.
One of the main reasons why workers formed unions was so that they could have some say over wages, hours, working conditions, and the many other problems that arise in the relationship between a worker and an employer. Unions are important because they help set the standards for education, skill levels, wages, working conditions, and quality of life for workers. It also can have a huge impact on the middle class which in return can help boost the economy. One reason why unions are important is because of the fact they help increase wages and benefits for its members. Training programs and apprenticeships help ensure that working men and women have a voice in the workplace.