There are a number of consequences that arise from breaching one’s duty-of-care and these include;- * Loses in profits;- due to the disruption as well as losses in production due to worker absence * Legal action;- may be taken against the company in the form of workers compensation costs this in turn causing less profit turnaround. * Bad company reputation; - if the company is accident prone then consumers and other competitor companies will start to view you negatively and inturn cause low morale amongst employees leading to lower production rates. c. At Myer there are a couple legal obligations that the company has to ensure has been met for employees to work well in a safe environment. They have the duty of care to provide safe work systems that assist in developing performance measures by doing this they are fulfilling their legislative requirements. Myer’s duty of care to its employees includes (but is not limited to) providing a safe working environment for all staff.
Kristi Oldaker Topic Identification Bus 600: Management Communication with Technology Tools Dr. Lee Meadows June 9, 2012 Supervisor-subordinate communication is imperative to a business and can determine the success of one’s employees. If there is lack of communication between a supervisor and an employee or several employees it can be detrimental to a business. The success of one’s employees is heavily weighted on communication between the supervisor and the subordinate. Communication can affect one’s morale, trust, and performance on the job. When one’s morale and trust is diminished, then job satisfaction goes with the morale and trust; and with that goes the willingness to work.
With the economy in recession, high unemployment rates, and high interest rates proved very challenging for Welch to run GE. The challenges faced from inside the company were massive information and inefficient macro-business models. Amidst all the challenges, Welch took them on with a motto, which was to be “Better than the Best” (Bartlett & Wonzy, 2005). Welch took a stand to restructure the company and identified managers who would fit in areas that could assist to restructure the company, while other managers who did not bring value to the company were let go. By eliminating the sector level, about 123,450 jobs, and also eliminating addition of new jobs, Welch implemented lean and agile methodologies, as well as real-time-planning strategy.
The company has seen an increase in weaknesses over the course of the recall mentioned in this specific scenario. The fact that millions of dollars is being spent in order to ensure that the recall is handled correctly is a great indication that the company wants to do what is right, but it is a financial strain that the company simply cannot handle, as well as a great way to damage the brand name. The company has the strength of their corporate structure and a pretty clean history to help grow positive brand awareness. Mattel has the opportunity to correct the situation found in the scenario if they apologize to the public and issue a statement about their plans to alleviate all concerns. Finally, the threats to the company include decreased growth, loss of leadership position, and the potential for new recalls to emerge.
Workplace Flexibility Benefits In today’s business world, employers are looking for those exceptional employees that can become part of their success. This drive for that employee results in serious competition in the marketplace. Employers have found that salaries and typical benefits packages alone might not be enough to get that desired employee. Sometimes, employers do not have deep enough pockets to offer big salaries, stock options, bonuses, etc. Employers are finding that if they turn to workplace flexibility options, they might offer that package that fits the employee’s needs for balance between work, family and health.
Pricing, billing and collecting fees What CPA firms can do to run their businesses more efficiently and effectively. By Edward Mendlowitz, CPA/ABV/PFS/CFF CPA firms provide invaluable advice to business clients but often struggle to run their own businesses effectively, particularly in the areas of pricing, billing and collections. Failure to set appropriate fees, deliver bills in a timely fashion and collect payment promptly—or even in full—cuts into a firm’s profitability, hurting the business and the accountants in it. Remedying this situation requires CPA firms to make a conscious effort to ensure they get paid an appropriate price in a timely fashion. To best do this, CPA firms should secure the fee agreement upfront, when their value to the client is greatest, and make sure they deliver excellent work on, or ahead of, schedule.
Through observation and information collected Roberta has detected that there are a few problems within the company. For example, the management information practices are a costly expense for the company, documentation processes and procedures are not the same across the broad. The lack of follow through in policy and procedures could have a long-term effect in product decline at PolyProd. Roberta is convinced that the problems within the company can be rectified, with the involvement of change and project management techniques. Thus far, Roberta has taken her findings to senior executive Stewart Jones.
They all need to have a more different attitude towards their workforce while trying to complete their goals and challenges toward fulfilling the company’s vision and purposes. The advantage out here is that the employees are already committed and loyal to the company therefore, if we study the company well enough, we can say that the company has amazing long standing rules and procedures, the people are punctual, they have a very calm workplace, and they are focused on making high-quality products price as reasonably as possible. But what the actual problem is, is that the company were losing employees because of their tight management control, and they prioritize systems and rules over the employee’s creativity. Therefore, what the company could do is, allow the workers to work in a more relaxed environment so that they can be as creative as possible. They could also recruit creative talent to help bring in new ideas to the team and strengthen the product development team.
It is said that a delay of 6 months in a project can cause a loss of 33% in product revenue share. * Due to vastly available knowledge the complexity of a project has been increased. A product is a combination of a variety of technologies, and to face this complexity project management is needed. * An organization should focus on three factors; profit, how the company corporate with people and how environmentally responsible the company has been, which are also known as the three bottom lines. By effectively applying project management, a company can have the balance of the triple bottom line.