MGMT6009 Managing People and Teams

How it applies to your own organisation or another organisation of your choice.Both pieces are due by emailed portfolio by (See below for information on the format of your portfolio, and see the schedule of actual assessment dates provided separately).

Discussion entry Application writing piece may be written in a less formal structure, expressing your feelings and thoughts about the content and process of your learning, and importantly, how this can be applied to your own organisation.

Does the participant meet the requirements for numbers of discussion entries
Does the participant demonstrate awareness of key issues and how they could be applied on an organisational level
Does the participant show, through comments and discussion, the ability to analyse, discuss, critique, explain, question.

In order to reach the peak of success, efficiency within the everyday business operations holds prime importance. This efficiency possesses flexibility to add maximum value to the profit margin. This addition reduces the intensity of the risk factors, pushing up the prices of the products and services (Oakland 2014). This motive contradicts the inner essence of management. Adding value to the profit margin requires hard efforts by the organizational personnel. Incapability to expose benchmark level performance compels the personnel to encounter losses and risks. It would be helpful to gain competitive advantages in the market and help the company to retain its respective position. This crisis is a gradual progression towards the degradation of the reputation. In order to cope up with these crises, consistent tradeoffs are required to maintain equilibrium within the infrastructural operations.

This maintenance requires alignment with the organizational strategies, which helps in the assessment of the organization’s current position in the competitive ambience of the market. For this, the organization needs to have clarity regarding the goals and objectives. Adoption of performance matrix can be a prospective means to track the progress in terms of the identified goals and objectives. Failures are bound to occur within the performance of the basic tasks (Kurdve et al. 2015). Effective consideration of the failures acts as a stepping-stone towards success. Exposure of acceptance towards the failures develops tolerance power within the personnel. Financial flexibility in this context would result in introducing prospective schemes and offers for the customers. These joint ventures would enhance the relationship between the organization and the associate partners, which is crucial for enhancing the corporate social responsibility. Flexibility in this direction helps the organizational personnel to maintain the equilibrium between the supply and demand, which is a gradual progression towards the attainment of sustainable growth.

Adopting means such as feedbacks, surveys and customer portals correlates with the steps, which lead to success for the organization. Frequent surfing of these sites makes the company personnel aware of the needs, demands and requirements of the customers. In this context, the hardness of the “stepping stones” reduces, which enlightens the steps of customer satisfaction for Price water house Cooper.

It is important to evaluate operation of business that can be managed to achieve peak performance. Day-to-day operations of a business help to assess performance of entire business and help management to measure the achievement of the business. In the present case, profit of the organizations can be maximized through generating its profits at the time of maximizing the risks as well as costs of the organization. It can be achieved through making effective plans and steps in the organization. In addition, it is crucial for the company to manage the resources that can be helpful to supply raw materials to the business. Stakeholders have an important role in operational performance of a business (Jabbour et al. 2013). Hence, it is vital to keep proper communications with them, which is included as one of the major operations of the business.

Measuring costs and loses included in the role of finance team as well as management of the organization. Evaluating financial performance can be useful to estimate revenue of the organization. However, an organization needs to ensure trade-offs in managing risk-cost-loss equation. Along with these, efficiency within the operations of business has a major importance in the business. Intensity of the risk factors need to be reduced and maximizing the prices of products as well as service. In addition, it is required to keep operational infrastructure of the organization, which is related to the current strategy. In order to strike appropriate balance, management of the organization needs to be clear with its operational objectives. It assists to set daily target of the particular organization. The management of the organization has a vital role to develop key performance factors that are useful to manage the operations, which is included in the well-defined tolerances. The factors affecting performance of the organization requires additional attention on it.

Moreover, adding value to the margin of profit need hard efforts by the personnel of the organization. On the incapability for exposing the performance level to the benchmark helps the organization to encounter financial factors involved with the organization. The organization need to make effective strategy to cope up with infrastructural operations of the business. Continuous trade-offs are needed to properly maintain that is related to the readings of week 9. Maintenance of the operational performance of the specified organizations requires proper evaluation of current position of the organization and evaluates the performance through applying assessment framework. In addition, adoption of performance matrix is a perspective that helps to track progress of the organization.

It is important to ensure the performance of the organization that evaluates the performance of primary tasks (Barata and Cunha 2017). The management and respective authority need to asses failures of the organization through making success in steeping-stones. It is also vital to expose the activities through making development of tolerance power with personnel. Adoption of the feedbacks from surveys and through other forms like customer portals would be helpful to co-relate the operational performance that leads to success for organization. Surfing of the websites and portals leads to get success of Price water house Cooper.

Operations of a business need to be evaluating regularly in order to achieve objectives of the organization. Evaluating the performance can assist to maximize the performance of the particular organization. In addition, it is required to minimize the risk factors that can affect organizational performance (Wang et al. 2015). Costs and identifying the factors responsible for loses in the business of the organization assists the company to take necessary steps on it. In addition, it is required to take effective strategy that can be helpful to minimize the risks factors in business of the organization. On the other hand, it is observed that constant trade-offs is needed to be achieved within the organization. Risk-cost analysis helps to develop strategies in order to mitigate the issues. The staffs of the organization need to be capable to expose the level of performance to the benchmark level and help to achieve target of the organization. However, risk factors need to be reduced and push up the prices of products as well as services. Crisis is one of the gradual progressions that can make the organization to degrade its performance and reputation within a specific time period (Zohar 2014). In order to tackle the situations, it is necessary to maintain trade-offs constantly and equilibrium properly within the operations of infrastructure.

Maintenance needs to align with effective strategies of the organization. It assists in evaluation of present position of the organization with proper ambience of market. In order to achieve this, it is important to assess the performance of the organization within competitive market and help the company through evaluating the performance. Adoption as well as implementation of performance matrix can be perspective means in order to track the progress through identifying the targets as well as objectives. Failures are occurred within performance of the organization is required to develop with effective considerations of failures. It acts as steeping stones in order to get success for the organization. In addition, adoption of the feedbacks of customers helps to understand the demands and work on it. Surging the internet regularly helps to generate success for organization (Coltman and Devinney 2013).

Along with these, hardness of the steeping stones enlightens the appropriate steps to satisfy the customers of Price water house cooper. It is vital for the organizations to manage the operations within well-defined tolerances. The management has a vital role to fix up the strategy and implement that properly. In addition, the management needs to provide supports that can be helpful for the organizations to manage the operations of business. It is also vital to the staffs of the organization to involve within the operation of business and develop key performance factors that helps to achieve target of the organization. The motive of the management contradicts with the inner essence of management. Addition of value to the margin of profit needs hard efforts by the personnel of the organization. However, incapability for exposing the standard performance compels them to encounter financial issues.

In addition, it is required to have evaluation framework that can be able to measure performance of the organization and track the changes occurred in the particular organization. Effective consideration of getting loss in business acts as steeping stone. Thus, it is crucial for the organization to expose acceptance of failures and enhance tolerance power within the staffs of the organization (Davenport 2013). The staffs are also needed to motivate to work and help the organization to improve its organizational performance.Countering this, the Price water house Coopers needs to examine its position in terms of purchasing this software. Meetings and conferences would act as a wise step in this direction. Market research would make the personnel of the Price water house Coopers aware of the customer approaches towards the software in demand within the market

Evaluative report

Modification of the internal activities leads to the business expansion of the organization. Escalation of the sales revenue correlates with the inner essence of the action of marketing. It is important to develop proper business strategy that will be helpful to analyze business performance. In addition, it is required to manage operational performance of the organization that can be helpful to achieve target of the organization. Present report deals with application of the piece that reflects the passage provided and illustrate that in the organization in order to achieve competitive advantages in the market. Challenges faced while applying the strategy would be useful to the organization.

Marketing is the first step towards the attainment of firmness in the reputation. The earlier sentence aligns with the motto of Price water house Coopers. As a matter of specification, marketing is the assemblage of buyers and sellers. Effective adherence to the standards and codes of market legislations would help the organizational personnel to indulge into fair completion with the contemporary brands. Typical example in this direction is the competition policies. Joint venture with the associate partners and agencies would prove beneficial in terms of introducing lucrative deals, trades and transactions with the buyers. Herein, lays the consciousness of the organizational personnel towards the purchasing power of the customers. This consideration is the foundational base towards efficient and effective marketing. Market research is a beneficial tool in adding firmness into the position of the organization within the competitive ambience.

Discussion entry

Oakland (2014) stated that the behavioral conduct of consumers can be considered as a segment of marketing. Delving deep into the mindset of the customers adds appropriateness within the action of marketing. From this perspective, the concept of trade-offs proves appropriate. This step reflects the attempts undertaken by Price water house Cooper to influence the purchasing decisions of the customers by adding spice and variety in the life of the customers. This motive facilitates the low-income group customers, which ceases the complexities of the organization in terms of adding to the stock of natural resources (Kurdve et al. 2015). On the contrary, tax impositions on trades and transitions sub-sides the purchasing power of the customers. This motive compels them to suffer from inferiority complex, which bears correlation with the poor quality of decision-making. This maintenance highly influences their purchasing power and buying decisions.

van Hoof and Thiell (2014) commented that target segmentation is the stage, which helps the organization to the minds of the customers. Bearing in mind the lifestyle, income, specific tastes and preferences of the customers helps the organizational officials in the achievement of positive results. Tax impositions act as a deviation of this consideration. Marketing mix is a typical example, which would prove beneficial in identifying the target of the organization. Targeting the customers belonging to the old age group would help the organization to mitigate their financial complexities (Jabbour et al. 2013). From this perspective, trade-offs would facilitate the elder citizens to execute the money related transactions easily. The attribute of “efficiency” relates with the addition of value in the profit margin, which possesses flexibility for the organization to penetrate into foreign markets.       

Consideration of internal and external environment acts assistance for Price water house Coopers in expanding their business. Beautification of the internal environment leads to the modification of the external environment. Herein, lays the symbolic significance of the inbound and outbound logistics of the value chain analysis (Barata and Cunha 2017). Aligning the current case study, at the primary stage, meetings and conferences needs to be organized with the stakeholders and shareholders. Interactive nature of these meetings would help in chalking out plans for adopting efficient and effective risk assessment techniques. Assistance from the Federal Trade Unions would be an additional assistance in achieving consistency in the trade-offs (Wang et al. 2015). This would specifically maintain the equilibrium in the financial aspects. Strategizing the proposed plans would systematize the tasks related to the business requirements of the Price water house Coopers. Countering this, identification of the goals and objectives at the first instance would help the personnel in the achievement of efficiency within the business activities.

Creation and development of effective plans would help the personnel to priorities the important tasks (Almeida et al. 2014). This would establish relevancy with the organizational requirements. Evaluation in this case would help the organizational personnel to examine the effectiveness of the proposed plans in terms of the identified goals and objectives. Strategizing the proposed plans would add firmness in the organizational operations.  

Evaluation after every step would establish relevancy with the organizational requirements. Adopting performance management systems would help the personnel of the Price water house Coopers to achieve positive outcomes in terms of enhancing their reputation. Performance matrix acts as a typical example in this direction (Kroes and Manikas 2014). Each quadrant aligns with the stages of performance exposed by the personnel. Refinement in each of these stages would be a gradual progression towards the establishment of professionalism at the workplace.

Cost loss equation holds equal importance in the risk assessment. Risks put strain on the business activities of the companies and Price water house Coopers. This situation gives rise to instability and unrest within the business transactions, which influence the needs of the customers. This motive aggravates the intensity of the risks, instead of mitigating them. This situational crisis links with the action of “loss” in the name of the equation, which brings financial instability for the Price water house Coopers (Wang and Sueyoshi 2014).

On the contrary, adopting software, which calculates the profit and loss from the business activities, would act as a restoration of financial stability for the Price water house Coopers; Along with this, it would be assistance in tracking the cash flow from the Price water house Coopers to the external agencies. This action enhances the partnership between the Price water house Coopers and the stakeholders and shareholders. This partnership is crucial for the achievement of efficiency within the business activities. Moreover, this partnership results in the introduction of prospective deals, trades and transactions for the customers, which possesses enough flexibility for revenue generation (Hora and Klassen 2013). Herein, a contradiction can be established with the word “loss”. Viewing it from other perspectives, joint ventures would help the Price water house Coopers to adopt latest and technologically advanced software. This would ease out the process of financial calculations.

Zohar (2014) commented that adoption of JIRA software would help the Price water house Coopers to bring noticeable improvements within the business activities. Maintaining records of the cash flows, import and export activities would help in the establishment of annual report. Placement of the numerical projections within charts, tables and graphs would act additional assistance in the tracking the position of the Price water house Coopers in the market. Accuracy in this direction enables the Price water house Cooper’s personnel to achieve financial stability.

Viewing it from another perspective, this accuracy would gradually lead to the achievement of escalation in the sales revenue and profit margin. This possesses enough flexibility in the achievement of customer satisfaction. Along with this, it would assist in the achievement of balance between the supply and demand (Zhu et al. 2013). Maintenance of this balance simultaneously leads to the preservation of stability in the financial aspects of the Price water house Coopers. Critical review of this discussion projects the omission of “loss” from the equation and consideration of the project as a cost effective means for the execution of business activities in an efficient manner.

Coltman and Devinney (2013) asserted that this step would make the parameter of competitive advance clear to the personnel. This clarity is essential in terms of maintaining the market position of the Price water house Coopers within the ambience of competition. As the concept of the software is in its primary stage, exposure of conscious attitude by the Price water house Coopers personnel would help in the firm establishment. This is in reference to the threat of substitutes, which sub-sides the individual attempt of the personnel to lure the customers.

Adoption of templates in terms of mitigating the risks would bring positive outcomes for the organization. In-depth description of the risks would broaden the scope and arena of organization regarding the lessening of the intensity of the potential risks (Davenport 2013). Consideration of this step would help the organization to ensure the wellbeing of the customers and safeguard their basic rights. Means, such as, feedback, survey and customer portals would help the organizational personnel to bring noticeable changes within the services, including risk assessment. These templates would help in tracking the maintenance of risks, which adds to the corporate social responsibility of the organization. Moreover, it would enhance the reputation, which helps in the achievement of better place in the market.

Mere adoption of these steps would not serve the true purpose. Application of effective management techniques would act as a protection over the execution of business activities. Judicious utilization of the software would add to the contribution of the managers in terms of bringing technological advancement (Cordery et al. 2015). Achievement of success in this direction paves the way of foreign market penetration for the organization, Price water house Coopers.

Effective and judicious utilization of the software would bring technological advancement for the Price water house Coopers. This can be made possible through the provision of trainings to the employees as well as the managers. Adherence and compliance to the legislations would be an additional assistance towards authenticating the business activities. On the contrary, non-compliance with the standards and codes of the regulatory framework would give rise to conflicts, discriminations, harassments among others. Maintenance of frequency in the training programs would enhance and upgrade the preconceived skills, expertise and knowledge of the employees. As stated by Ojha (2015), taking post-training tests would help the managers to judge the capability of the employees to make practical application of the learnt skills in the workplace operations. This judgment is assistance in establishing relevancy with the requirements of Price water house Coopers.

Reviewing the recommendations, market research attains the top priority. This step would act as an example for the organization to gain an insight into the steps taken by the contemporary brands to enjoy competitive advantage. Activities of marketing mix can be considered as a segment with the market research. Adopting means of survey, feedback and customer portals links with the word “research”.

Creation and development of plans attains the second place. This action reflects the capability of the organizational personnel towards following the footsteps of the contemporary brands. Evaluation in this step is assistance in terms of analyzing the exposed performance in terms of the identified benchmark (Belekoukias et al. 2014). Strategizing the proposed plans takes the organization one-step forward towards success.  

 Elongated discussions about the methods of marketing act as a compromise with the needs, demands and requirements of the customers. Countering this, in-depth discussion about marketing prepares the company personnel to influence the purchasing power of the customers. Herein, lays the effectiveness of introducing trade-offs (Piercy and Rich 2015). This step possesses two connotations. One it adds to the stock of the organization. On the other hand, it exempts the personnel from tax liabilities, which limits the free movement of goods from one country to another.

Means such as feedback, survey and customer portals acts as additional assistance in gaining information about the customer approaches towards the levied products and services. Effective consideration of these approaches helps in the manufacturing of customer centric products (Aziz and Hafez 2013). From this perspective, trade-offs seems appropriate as it helps the company personnel to maintain the balance between supply and demand. This balance possesses flexibility for adding maximum value to the profit margin, which is a gradual progression towards penetration into the foreign markets for business expansion (Bodenheimer et al. 2014).  Aligning the concept of corporate social responsibility, trade-offs reflects the duty of the personnel towards revenue generation. This escalation reduces the intensity of losses, which brings financial instability and contradicts the true essence of the attribute of corporate.

Conclusion 

From the above discussion it can be concluded that contradiction nullifies the parameter of social in this discussion. Further, this nullification questions the marketing capability of the organization in terms of achieving financial stability. Shedding the word “offs” from trade simultaneously exempts the organizational personnel from the tax restrictions. This adds to the stock of the organization, which aligns with the specific needs and demands of the customers. Overall, evaluation refines the performance of the organization in terms of satisfying the needs of the customers, who occupy a central position within the organizational hierarchy.

References

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