...MEMO TO: Supervisory Team FROM: DATE: April 3, 2010 RE: Management Behavior By now you’ve all heard of the merger between InterClean and Envirotech. I felt it vital that the merger be communicated throughout the company so that it is not perceived as a problem to our employees. Being managers I rely on all of you to help this merger occur with little issues. As with any organization the rumor mill has surfaced and employees are afraid that they may be losing their jobs. I am counting on you to make this a smooth transition. The primary goal of InterClean is to become an autonomous cleaning solutions resource for institutional and commercial organizations and we can’t do this without the help of all of you. Remember as first level managers I thought it imperative to remind you of the importance of the behavior exhibited by managers. Mmanagement’s behavior can have an impact on the productivity of InterClean’s workers. It is also important that you know the types of management actions that are in line with employment laws and those that are not, and some best practices for working within a diverse work environment. The employees may be afraid they lack the skills needed to maintain their positions after the merger. As managers communicate the different training that will be offered to the sale’s staff to help them better align themselves with InterClean’s new direction. This will allow them to understand that they have a chance to remain in their current capacity or...
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...Best Practices in a Diverse Work Environment Melody Nelson HRM 531 October 18, 2010 Caroline Willett | InterClean, Inc. | Memo To: First level managers From: Melody Nelson CC: Date: October 18, 2010 Re: InterClean, Inc and EnviroTech Merger Transition Merger Transition The merger between InterClean an EnviroTech is in its final stages. As in any situation involving change, there will be some uncertainties and insecurities among the staff and it is the responsibility of all management personnel at all levels to effectively deal with these issues. However, setting a good foundation and following through with good communication, uncertainties and insecurities will be kept at a minimum. Following are a few ways you can make a significant contribution toward that goal. Enthusiasm is contagious! This is a golden opportunity not only for the future of InterClean but also for anybody at InterClean. As we begin merging the operations of both companies, there very well could be some downsizing in certain areas. However, there will also be new opportunities to learn, grow, and move into positions of greater responsibility. Commitment is contagious! “The importance of talking the talk and walking the walk is fundamental to achieving commitment” (Schifalacqua, Costello, & Denman, 2009). Frequent communications updating the status of the merging of operations should be relayed to all team members in a timely fashion in order to keep the excitement flowing...
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...memo To: Daphne Duquesne | | From: Sarah Smith CC: Patricia Derrick | | Date: July 25, 2014 | | Re: Accounting for Warranties Sold Separately | | | | Dear Ms. Duquesne, Thank you for reaching out to me about the accounting standards involved in the type of warranty that you hope to sell along with your newest line of products. First, I would like to provide a little background on accounting for warranties and then I will discuss the treatment of warranties, hopefully answering all of your questions. A warranty puts two obligations on the issuer; preparedness to perform and pay for agreed upon services (FASB 460-10-25-2). According to FASB 460-10-25-5 “because of the uncertainty surrounding claims that may be made under warranties, warranty obligations fall within the definition of a contingency.” This means that we accrue losses from warranty obligation that are considered “probable”. A. A lot of new literature has been published by FASB regarding the recognition of separately priced warranties. These new items will take effect between 2015 and 2018, just in time to launch our new product. I strongly suggest complying with the newest guidelines when projecting our sales figures for the new line of products. I encourage you to review FASB 606-10-55-30 through 606-10-55-35 for a full review of upcoming changes. B. This asks the question: when is a warranty considered separately priced? Do their need to be two receipts? Can their be a range of options...
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...To: Mr. Bloomflower From: Broker Date: October 1, 2015 Subject: Evaluation of iPad Air 2 Over the course of the past week, several employees have brought to my attention that it has become difficult to accomplish work-related tasks. Through this memo I want to propose the benefits of supplying our employees with the iPad Air 2 so that the company can come to a conclusion about what would be the best investment for HOPE Mortgage Corporation. While in the workforce, employees need to have access to vital resources at their fingertips. Daily obligations consist of working outside of the office to visit clients, show properties, or obtain signatures on required documents. The iPad Air 2 can effortlessly adapt to the working environment because it can carry out multiple tasks or projects. There are many reasons why the iPad Air 2 is an appropriate tablet for our company. First, it weighs 437 grams, which is less than a pound and does not impose a burden to be carried around. As opposed to the Nexus 9 and the Samsung Galaxy Tab S, it contains a 9.7-inch retina display, ensuring clarity when navigating the web, emails or documents. The iPad Air 2 provides features that can help integrate and improve the workforce. This iPad model comes with 8 megapixels offering our employees with exceptional photos or videos of houses to better serve our customers. Even more, with the help of Siri this device has the ability to set reminders on upcoming meetings and due dates. With this...
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...January 1987 / February 1987 How to Measure Yourself Against the Best Frances Gaither Tucker; Seymour M Zivan; Robert C Camp ABSTRACT: The Logistics and Distribution unit of Xerox's Business Systems Group was gaining 3% to 5% a year in productivity not good enough in light of industrywide price cuts in business machines. One solution, benchmarking, measures L&D's warehouse and distribution performance against comparable activities in other industries. Comparing oneself with competitors (as well as with internal units) is useful, but doesn't necessarily get the benefit of the best practice, not to mention the benefit of cooperation. Benchmarking against non-competitors is the answer. After a search, L&D found the best warehousing and materials handling organization was at L.L. Bean, the outdoor-clothing retailer and mail-order house. With Bean's cooperation, L&D benchmarked its operation against the best and learned a lot. By looking closely at the operation of Bean and other noncompetitors, L&D has raised its productivity 10% each year and gained a better position against its real competition. BODY: One way to judge the performance of an organization is, of course, to compare it with other units within the company. But these measurements often merely reinforce complacency or generate "not invented here" excuses. Comparisons with outsiders, however, can highlight the best industry practices and promote their adoption. This technique is commonly...
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...“Analyzing the Compliance practice of With respect to Worldwide Responsible Accredited Production (WRAP)” A Study On Clifton Textile & Apparels Ltd, Baizid Bostami, Chittagong. (THIS INTERNSHIP REPORT IS SUBMITTED FOR THE PARTIAL FULFILLMENT OF THE DEGREE OF BACHELOR OF BUSINESS ADMINISTRATION WITH A MAJOR IN HRM) Prepared By: Abdullah Al Mamun Matric No: R101195 Program : MBA Semester : Autumn 2011 Internship Duration: 1st September, 2011 to 1st December, 2011 Submission Date: 11th June, 2011 Department of Business Administration Faculty of Business Studies International Islamic University Chittagong “Analyzing the Compliance practice of With respect to Worldwide Responsible Accredited Production (WRAP)” A Study On Clifton Textile & Apparels Ltd, Baizid Bostami, Chittagong. (THIS INTERNSHIP REPORT IS SUBMITTED FOR THE PARTIAL FULFILLMENT OF THE DEGREE OF BACHELOR OF BUSINESS ADMINISTRATION WITH A MAJOR IN HRM) Prepared By: Abdullah Al Mamun Matric No: R101195 Program : MBA Semester : Autumn 2011 Supervised By: Mr. Abdullah Ahsan Mamun Lecturer, DBA, IIUC Internship Duration: 1st September, 2011 to 1st December, 2011 Submission Date: 11th June, 2011 ____________________ Signature of Supervisor Department of Business Administration ...
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...Best Buy MGT/521 - MANAGEMENT BUSINESS Description Best Buy or BBY is one of the leading developers of technology products and technology services. Best Buy is broken down into two segments; domestic and international, and works under a variety of names. In the domestic region there is Best Buy, Best Buy Mobile, Magnolia Audio Video, Pacific Sales, and Geek Squad. The international regions include; Canada, China, Mexico and Europe and use the brand names; Best Buy, Cell Shop, Best Buy Mobile, Five Star, Future Shop, Connect Pro, Geek Squad, The Carphone Warehouse, Geek Squad, and The Phone House. (Reuters, 2012) Best Buy stores currently make their money in six categories: • Consumer Electronics – Video products like TVs, DVD and Blu-ray players. Audio products like MP3 players, home theater audio systems and components, • Entertainment – Video games, DVDs, Blu-rays, CDs, and computer software, • Services – Installation from home theater and mobile audio, warranties, and repair, • Computing and Mobile Phones – Laptops, desktops, tablets, and printers, • Appliances – Major and small appliances, Other – Snacks and beverages History To understand the history of Best Buy, one would have to know the history of its founder, Richard M. Schulze. Mr. Schulze and a partner started Sound of Music, Inc. in 1966 with their first store in St. Paul, Minnesota. Four years later Schulze bought out his partner and decided to expand. His first step to expand came in 1982...
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...overall strategic decision and focus on how it will be done. These will be made by department directors and heads of departments. One way DSGi have done this is to try increase customer service. Another example for DSGi which Niall O’Keeffe, DSGi marketing director made, is the recent advertising campaign which featured Star Wars characters, R2-D2 and C-3PO, which was focused to highlight the dual branded Currys and PC World megastores, which have recently undergone a reformatting part of the strategic plan to raise the brands identity (Baker 2010). This advert is part of how DSGi intent to accomplish the overall strategic decision. Operational decisions are made to address present issues and focus on how resources are to be allocated best; they can be made quickly allowing the overall desired strategic outcome to be achieved. An example for DSGi could be where to put new stock in the shops; this will be different for each store so shop...
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...Benchmarking: A permanent Process for Excellence Benchmarking is a process in which organizations evaluate various aspects of their processes in relation to best practices, usually within their own sector. It is also a process of identifying other organizations that are best at some facet of our operations and then modeling our organization after them (Operations Management, 9/e, Jay Heizer & Barry Render). It selects a demonstrated standard of performance that represents the very best performance for a process or activity. Benchmarking is `the continuous process of measuring products, services and practices against the toughest competitors or those companies recognized as industry leaders, (that is) ... the search for industry best practices that will lead to superior performance (Camp, 1989, 10). According to these definitions benchmarking helps organizations increase their performance. They compare and measure their policies, practices, philosophies, and performance measures against those of high-performing organizations. Benchmarking could be a onetime event but rather a continuous process in which organizations continually seek to challenge their practices. It is a continuous, systematic process of measuring products, services and practices against organizations regarded to be superior with the aim of rectifying any performance ``gaps’’ because of the existence of strong dynamics in the current business world. The aim of benchmarking is to identify competitive...
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...ROWE Program at Best Buy Craig Doss John Mitchell Leadership and Organizational Behavior BUS-520 8/30/2011 Abstract Previous to the implementation of the Results-Only Work Environment or ROWE for short. Best Buy had a really high turnover rate. Jennifer Janssen works in the finance department at Best Buy. She was often called to put out fires at her job that may have required her to stay late at the risk of not being able to pick up her children. She was definitely a team player and wanted to do what she could to help the company which employ’s her. However, her demanding schedule was causing havoc or her other tasks outside of work. For people like Jennifer, Best Buy created a program where you take the time you need, come in when you want. Leave or take off if needed as long as the job was done. And while there was some hesitation and apprhension when this program was first implemented. With time people have come to value this new system and retention has improved among employees. When anyone mentions where to purchase the newest electronics, most people first thought is Best Buy. It has become a consumer favorite. Over the years, Best buy has become a household name. Best Buy is a multinational retailer of technology and entertainment products and services with a commitment to growth and innovation. The Best Buy family of brands and partnerships collectively generates more than 45 billion in annul revenue and that...
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...at 7am or you can rock up at 3pm. You can work whatever hours you like … and still get paid a full-time wage. Sounds too good to be true, right? Well, it actually exists. It was a trend that was started in 2004 by Best Buy, a retail chain in the US. The organisation introduced a system in their head office of 3000 workers called ROWE – Results Only Work Environment. In essence, it meant one thing: employees were judged on their performance, not their presence. The result was a 35 per cent increase in productivity as employees started working at more convenient times and during periods when they were more energetic. Since then, ROWE – or variations of it – has been rolled out in just a few companies. It is an innovation so radical, for now at least, that the vast majority of businesses prefer to stick with what they know, the nine-to-five grind. Only the brave attempt it, and one of those that's taken the plunge in Australia has been BigCommerce, a fast-growing SME of 65 employees, specialising in online stores. Advertisement: Story continues below BigCommerce’s co-founder and co-CEO is Eddie Machaalani. I asked him why he put such an extreme version of flexibility in place. “From day one we set about creating a supreme company culture in order to attract the best talent and keep our people happy,” he said. “We wanted to create a performance-driven culture. Performance doesn't start at 9am and end at 5pm. Sometimes it starts at 10am, sometimes it ends on Saturday morning...
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...Research Project IV Nicole L. King Baker College HRM315: Evaluating Human Resources Tae Dawson June 13, 2012 Abstract This purpose of this research project was to find out how well BWI HR is meeting the needs of its employees. Fifty surveys were collected and reviewed. One each survey were eight HR services. The HR services are Performance Appraisal, Wage & Salary Administration, Incentive Pay Program, Internal Job Posting, Healthcare Insurance, Technical Training, Career Counseling/Development and Flexible Work Schedule. Each of the HR services had a rating scale to see how important and satisfied the Target employees would rate them. There were three HR services that showed the largest gap between importance and satisfaction. The incentive pay program, performance appraisal system and career counseling and development all showed large negative gaps. The incentive pay program should be changed from an individual-based program to a team/group-based program. The performance appraisal system should evolve into a “social network” type of performance management system. This type of social performance management system will bring many advantages, including empowerment. Finally, the career counseling/development programs should see a small expansion and reviews of the eligible degrees, adding certificates, increasing the tuition reimbursement amount and adding mentoring programs. These improvements should be implemented to improve the HR services, our people and...
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...fresh food, they will come to your café instead of your competitors. One way to reduce buyer power is to implement Loyalty Programs. A Loyalty Program that can be implemented in the Corner Shop Cafe is to have a customer purchase card. Every time a customer makes a purchase, this card gets "stamped" and after 7 purchases of a sandwich, their 8th one is free or 50% off. Bargaining Power of Suppliers Corner Shop Cafe will want its supplier power to be low. The café should seek out and search suppliers that will offer the lowest price. Since there are many suppliers of basic commodities (e.g., flour, sugar, bread) they all will be vying for your business. A private exchange or a reverse auction could be done in order for you to get the best possible price from your suppliers. Threat of Substitute Products Ideally, you would like to be in a market where there are few substitutes for the product or service you offer. It is true that a potential customer can ultimately make their own sandwich or cup of coffee. Yet do these customers have the time and resources to do it? Most likely this will not be the case. The café can...
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...Facilitating a 2nd Year student who is assisting in leg ulcer redressing including compression bandaging. Abstract Part of the role of the mentor is to “facilitate the selection of appropriate learning strategies to integrate learning from practice and academic experiences” (NMC SLAiP Standards 2008). Assessing and carrying out leg ulcer dressings is a vital part of working as a community nurse and this report describes how I as a mentor facilitated a student to assist with this activity and identifies some of the range of facilitative strategies to support learning in practice. It describes carrying out an activity, from preparation, implementation and evaluation of the activity, assisting my student to to evaluate her own learning, identify further learning needs and planning and management of how these learning needs can be met. Overall this report demonstrates how supervising a student in a learning situation, setting learning objectives and giving feedback are all part of the role of the mentorship. Background and introduction to the activity Student S is a year two semester two student nurse currently on her second week of a nine week community placement. At this stage she should be using evidence based practice and focusing on the service user. Student S has identified that wound care, rationale behind different dressings and types of bandaging is an area where she needs to gain more knowledge. Further practice in the practical aspects of using aseptic non...
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...antifungal cremes cleansers and moisturizers. For 42 years, all Coloplast operations were contained within Denmark, however 97% of its revenue was generated by exporting its products beyond its national borders. In 1999 the company changed its philosophy and began to investigate off shoring its production facilities. In 2001 the first Coloplast production facility opened its doors outside of Denmark. The expansion took place in Tatabanya Hungary. This location was chosen because of cheaper labour and land rates, as well as a more favourable tax rate. The city is located in the Western region of the country which provided better infrastructure. Coloplast had no blueprint to navigate through the expansion process, and had to learn and develop best practises by trial and error. By 2004 the management team in Tatabanya had advanced the production system to the point where it was outperforming the longer established Danish facilities. In 2005 Coloplast revealed an aggressive plan of Strategy 2008. In this plan the company states it will strive to achieve a profit margin of 18% while maintaining 10% organic growth. A key pillar of this plan is the continued relocation of volume production to Hungary and further expansion to China. Coloplast is at crossroads, it needs to decide if it has learned enough from its first international expansion that it can duplicate and improve its success in new locations, or if it should delay new locations and focus on fine tuning its operations...
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