T-BOX is organized based on job function as above. Although each staff have their own assigned jobs, they could help each other in other areas whenever. The salary for our employee starts as minimum wage and it will be increased based on the job being performed. Employees must show their enthusiasm, progression and willingness to help the business succeed.
3.5.2. Organizational culture
Organizational culture is a system of shared assumptions, values, and beliefs, which governs how people behave in organizations. These shared values have a strong influence on the people in the organization and dictate how they dress, act, and perform their jobs. Every organization develops and maintains a unique culture, which provides guidelines and boundaries
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However, our future plan is expanding the brand by opening more shops not only in Vung Tau but also in the neighboring provinces. Hence, T-BOX needs a HRM software to professionally manage human resources when they are working at shops located in many places. All of the staff should be trained to be familiar with IT equipment and software in order to be able to communicate with other staff in the future.
3.6. Risk
Coffee shops are not high-risk businesses, but there are some exposures that business owners should be aware of.
3.6.1. Supplier risks
Risks due to the supplier include two major issues, that is:
Product quality has a problem: because of the food, the food, the drink had affected the health of the consumer, so if the type is the low-quality products, which cause food poisoning will cause damage to the reputation of the cafe.
Supplier abruptly withdraws: for special reasons, supplier withdrawal without notice will make it difficult for the raw material source.
To minimize those risk, in the contract with a supplier, supplier's withdrawal terms will be clearly stated, in particular, in the case of the supplier would like to retreat, they have to notice at least 1 month in advance, if suddenly stop without notice they have to compensate according to the prescribed level. Besides, we will carefully check the quality of each
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Equipment risks
The sound equipment, lighting, cinema projectors ... have additional impact power for the operation of the cafe. If the problem happens with these "hardware" then it will also cause the damage to the cafe activities.
To minimize these risks, we will focus on the selection of the equipment. Besides, regularly check as well as keeping contact with warranty repair shop in case of necessity.
However, the risk of the equipment is not large and can be minimized, so it is also not a big concern.
3.6.3. Competitive risk
With the differences and appealing of T-Box, its success will cause the attention for the other businessman. They will imitate the products and services of T-Box and create an extremely dangerous direct opponent.
However, with the first mover advantage, as well as learning, creating, improving spirits, we believe these are the strong points of T-Box that difficulty imitate, and we will maintain our position on the market as well as in the hearts of customer.
To start with the forecast to the risks that may occur, we believe that we can carefully prepared to optimize, so T-Box might work well under any
Have you ever wondered what the organizational culture was for Ulta Beauty? If their staff members are a priority to them? We see many different companies hold contrasting standards on how they treat their employees, but does anything make Ulta stand out? That is what I will be looking into today.
The risks of failure can come from many different reasons, such as “changing demographics, accommodating the unrealized demand for new services and products, market consolidation to gain market share in selected regions, and realignment of the product portfolio that requires selected unit closures” (Parsa, Self, Njite, & King, 2005). The ever-shifting trends can also be a risk to a restaurant if the trends move away from the concept of the restaurant. Market saturation of restaurants can also be detrimental to a business, if there are too many business’s in the area serving the same style menu as you, then you could lose out on a lot of potential customers in the slew of competition (Scott, ). Poor management is another reason a new restaurant can fail. This includes poor planning of labor and ordering of inventory.
1. What errors did you see in protecting the patient’s privacy? There were several errors done on protecting patient’s privacy. Firstly, when Mildred soaked her bed, nurse shouted loudly asking for the clean bed sheet saying that the patient had soaked herself which is extremely embarrassing to her.
Organizational culture is the foundation for organizations to strive and maintain success. Its structure of standards, include planning of human resources, management, health and safety, and the like. Organizations depend on these tactics to gain revenue, marketing strategies, and satisfaction of employees, and build relationships. Management should also be involved to create positive work environments, demonstrate great attitudes, and effective communication to its employees. The organizational culture at Walgreens is based on a variety of components within the organization.
Porter’s Five Forces Porter’s Five Forces framework is to identify the level of competition within the industry and to determine the strengths or weaknesses which can utilise to strengthen the position. The framework consist of five elements: threat of entry, bargaining power of supplier, bargaining power of buyer, threat of substitutes and industry rivalry. Forces Analysis Implication Threat of new entrant Low Threat Diversified of product There are high demand of furniture and electrical appliance.
Ford Motor Company's various leveled society affects the affiliation's drive toward higher execution to perform its vision of industry organization. An association's various leveled society describes the qualities, conventions and traditions that impact individual and group practices. Ford uses its progressive society to keep up a world class workforce. As the fifth most noteworthy player in the overall vehicles showcase, the association needs to keep up high productivity and convincing support for mechanical and technique headway (Khosrow-Pour, 2006). These necessities are met through a various leveled society that epitomizes Ford's vision and mission statements, with highlight on flawlessness and joint effort.
The Importance of a Company’s Culture The culture of a company is one of the most important and sometimes overlooked factors in an organization. The culture can increase employee engagement and increase productivity which will allow a company to reach its goals, “From productivity and engagement in the organization’s day-to-day, to an employer brand that naturally fuels recruiting efforts, to creating a lasting brand that customers immediately recognize, there’s no escaping it – culture radiates outward into the marketplace” (Straz 2015). The culture can have a great impact on the employees. Employees thrive in a positive working environment and the ability to engage with their managers without fear of retaliation.
The switching costs are high, so customers would somewhat drawback with fear from moving to a new firm leaving the reliable one. This is a heavily regulated industry. 4. Threat of substitutes Low threat of the substitutes as it is determined by the three factors in the industry which are brand loyalty of the customers, switching costs and the belief in effectiveness of new products/ services. Customers are brand loyal in this
Quality product is critical to just-in-time (JIT) purchasing system. Poor product quality from a supplier can disrupt the entire supply chain and result in expensive production. If Bose corporation receives a poor-quality that they need to send back to the supplier, entire Bose’s production processes disrupted. Such occurrences can shut down production line in some cases. Since Bose uses JIT system which minimizes inventory.
Another external risk is a lost of a supply chain which is result in late or missed deliveries of inventory. A manufacturer of a product may discontinue making a popular item or cease business operations all together. Target can monitor external market conditions of its manufacturers however they cannot control their cash flows or business operations. Target should analyze and identify the potential consequences to potential risk situations (Popescu, Gherghinescu, & Ionete,
Boost Juice is an Australian organisation that specialises in making juice, but has also recently opened ‘Salsa’ stores as well. They started in 2000 and since then have opened 250 stores in 12 different countries (Boost Juice, n.d.). This report analyses the organisational culture, management and leadership styles of Boost Juice as well as how they engage and motivate employees in the documentary Undercover Boss. An issue and strength will also be identified within this and recommendations will be made. Finally, the Undercover Boss method with be evaluated in order to support the recommendations made.
The Indonesian Mattress and bedding industry will be analyzed using the Porter’s 5 forces model: Porter five forces that determines an industry’s competitiveness (Porter, 1979), which will give an indication of how the industry affects DAP. The five forces are the “Bargaining Power of Suppliers, threat of new entrants, threat of substitute, bargaining power of buyers, and the industry’s rivalry. Threat of Substitute products or services: Low As a mattress manufacturer, DAP supplies Spring Bed Mattresses, Box Spring Mattresses, Memory Foam Mattresses (Tempur-Pedic) and Latex Mattresses.
3- Threats of substitute products 4- Bargaining power of customers 5- Bargaining power of suppliers Practical implementation of the Model:
1.1 Background of the case The chosen company is Lenovo Group Limited which is a multinational technology company that is headquartered in Beijing, China. Established in 1988, Lenovo is the largest information technology enterprise in China, engaged primarily in the sale and manufacturing of personal computers, mobile telephone handsets, computer servers and printers, in China. It has been the market leader for seven consecutive years, commanding a 27 per cent share of the domestic PC market in 2003. It is also the market leader in the Asia Pacific region (excluding Japan), with a market share of 12.6 per cent in 2003.
• In China, government regulation and policies regarding food products are very strict due to various food safety scandals in recent years. All biscuit manufacturers have to reach the state standard requirements for quality, packaging etc. (IBISWorld, 2010). In order to meet the tightened regulatory requirements on food quality and environment protection, this would require huge investment in stringent quality and hygiene control measures for new entrants (Euromonitor, 2014). • Existing competitors that have achieved economies of scale in production has an advantage over new entrants in terms of the burdening of overall expenditures