Sunday, May 24, 2020

Analysis Of Sam Walton / Jay Z - 1397 Words

There are many different formats an argument can take, including classical, Toulmin, and Rogerian. However, the one type of argument that is displayed throughout the text Sam Walton/Jay Z is undoubtedly the classical form of an argument. The Classical form of and argument contains six different parts to make up the whole structure: Exordium, Narratio, Partitio, Confirmatio, Refutatio, and Peroratio. These Latin words can be simply broken down into five different sections: Introduction, Background, Lines of Argument, Alternative Arguments, and Conclusion. In the article Sam Walton/Jay Z by George Packer, the classical argument structure is used effectively to convey the message that anyone can become well off no matter where they came from†¦show more content†¦Packer uses the background information effectively in the first few paragraphs of both sections, by giving the reader simple facts of â€Å"†¦Born in 1918 in Kingfisher, Oklahoma, right in the middle of the countr y†¦ Shawn Corey Carter, born in ’69, Marcy houses, country of bedStuy, planet of Brooklyn† (Packer 351-55). The statements provided are a good example of how the use of background information can be used to show Packer’s audience where Sam and Jay Z came from. The use of these quotes is to give the basic information needed to understand the message. It can be easily seen that the first couple paragraphs, Packer used to provide the reader with some background information about Sam Walton and Jay Z. The third part of the classical oration comes as two parts, Partito and Confirmatio. These, however, can be combined into simpler language as just the â€Å"lines of Argument.† Packer uses the lines of the argument in a way that provide the audience with supporting information to help convince the reader of the key message. Packer has supported his argument in ways that show the intelligence of the Sam Walton and Jay Z as well as their determination. Anyone can see Sam Walton had a different kind of intelligence because his philosophy â€Å"Buy low, sell cheap, high volume, fast turn† (Packer 352). Packer’s choice to include thisShow MoreRelatedWalmart Case Study4848 Words   |  20 Pagesemployer in the world †¢ Fourth largest utility or commercial employer †¢ Largest grocery retailer in the United States ( 20% ) †¢ Largest toy seller in the United States ( 22% ) Wal-Mart at a Glance †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ †¢ Founded - Arkansas, USA(1962) by Sam Walton Headquarters - Bentonville, Arkansas, U.S.A. Products - Discount Stores, Super centers, Neighborhood Markets Revenue - US$ 351.1 billion (2007) (Ranked # 1 on Fortune 500 list) Net income - US$ 11.3 billion (2007) Total assets - US$ 151.193 billionRead MoreSolution Manual, Test Bank and Instructor Manuals34836 Words   |  140 PagesMethod, 5th Edition_Daryl L. Logan (SM) A First Course in the Finite Element Method, SI Version, 5th Edition_ Daryl L. 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Wednesday, May 13, 2020

Quiz Questions On Supply Chain Management - 1170 Words

Quiz 1 Supply chain management Supply chain management: It is defined as effective control of flow of material, information and finance in a network consisting of suppliers, manufacturers, distributors and customers. Schematic representation: Effective functioning of supply chain requires †¢ Coordination: proper coordination should exist in supply chain to meet the demands of the customers at right time, right place with right quality †¢ Collaboration: there should be proper collaboration between parties so that whole supply chain can benefit. †¢ Information sharing: There should be information sharing between vendors and buyers about specifications, costs and time limits By understanding the demand side and supply side uncertainties and creating a value to the customers, supply chain can gain profitability. Demand side uncertainties: low-functional product; high-innovative product Supply side uncertainties: low-stable process; high: evolving process †¢ Efficient supply chain: by enhancing the capacity utilization in production and distribution operations, one can aim for increased productivity †¢ Risk Hedging supply chains: In this type, profitability can be achieved by using inventory pooling and developing multiple supply bases †¢ Responsive supply chains: Focus is on responsive and flexible supply chain based on postponement and build to order strategies. †¢ Agile supply chain: Decoupling is practiced as a means of pooling inventory and capacity resources. 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Wednesday, May 6, 2020

Nonfunctional Requirements Free Essays

Functional requirements define the needs in terms of performance, logical database requirements, design constraints, standards compliance, reliability, availability, security, maintainability, and portability. EXAMPLE 1 Performance RequirementsPerformance requirements define acceptable response times for system functionality.The load time for user interface screens shall take no longer than two seconds. We will write a custom essay sample on Nonfunctional Requirements or any similar topic only for you Order Now The log in information shall be verified within five seconds.Queries shall return results within five seconds.Example 2Logical Database RequirementsThe logical database requirements include the retention of the following data elements. This list is not a complete list and is designed as a starting point for developmentBooking/Reservation SystemCustomer first nameCustomer last nameCustomer addressCustomer phone numberNumber of occupantsAssigned roomDefault room rateRate descriptionGuaranteed room (yes/no)Credit card numberConfirmation numberAutomatic cancellation dateExpected check-in date. Expected check-in timeActual check-in dateActual check-in timeExpected check-out dateExpected check-out timeActual check-out dateActual check-out timeCustomer feedbackPayment received (yes/no)Payment typeTotal BillFood ServicesMealMeal typeMeal itemMeal orderMeal payment (Bill to room/Credit/Check/Cash) EXAMPLE 3 Design Constraints The Hotel Management System shall be a stand-alone system running in a Windows environment. The system shall be developed using Java and an Access or Oracle databaseIllustrate a timeframe needed to complete each task based on the requirements from question 2.(5 Marks)Answer Estimating time framesTo manage your time well, you should know not only what tasks you need to accomplish, but also when those tasks must be completed and how long they’ll take. Making accurate estimates about how long a task will take is one of the keys to effective time management. Many management problems are the result of unrealistic estimates of how long it will take to complete specific tasks.If you estimate time frames accurately, you’ll be able to schedule work efficiently and meet deadlines:schedule work efficiently  Ã¢â‚¬â€œ Accurate estimates about how long tasks will take to complete make scheduling a lot easier. They ensure that you won’t have to keep changing your schedule. If you have a task that you accurately estimate will take six hours, for example, you can allot that time in your schedule and be reasonably confident you won’t have to change the schedule. But what if you didn’t accurately estimate the time for that task and allotted it only three hours? It would throw your schedule off, and you’d need to rework deadlines  Ã¢â‚¬â€œ If you’re accurate in estimating the time it will take to complete tasks, you’ll be better able to meet your deadlines. If you’re estimates aren’t accurate, you may need to ask to change deadlines or disappoint others who are relying on you to complete certain tasks. With accurate time estimates, you’ll also be more confident about setting deadlines because you know that the time you assign for completing each of your tasks is realistic.Time estimate equationIt’s important to estimate the time frames for your tasks accurately so that you can schedule all your work effectively and meet deadlines. To go about doing this, you first need to know the requirements of each task and your experience with activities – both when they run smoothly and when they don’t – to produce three time estimates:The  likely time  is the time that the task normally takes you to complete. It helps to consider the time it takes to complete the task without interruption. You should also think about a time frame you would be comfortable with based on your workload, the task, and any external factors that may delay or speed up the completion of the task. The  shortest time  is the least amount of time that you have taken to complete the task in the past. It may also refer to the shortest time in which you think you can complete the task if there are no interruptions or distractions.You can estimate the  longest time  by considering what may go wrong when performing the task and then adding this extra time to the task’s likely duration. This estimate should be based on your experience of this type of activity in the past, as well as on any foreseeable difficulties. You use the three time estimates to calculate the shortest possible time to complete a task based on an average of the likely, shortest, and longest times. Because in most cases a task will take the likely time to complete, this time is given more weight. You need to multiply it by 4, add the shortest time, and then add the longest time. You divide the total by 6 to get the shortest possible time.One important thing to remember is that you must use the same measurements for each type of time. For example, if your likely time is a number of days, the shortest and longest times must also be in days. If your estimates are in different measurements, start by changing them so they are all the same. The time frames equation often produces a shortest possible time that is longer than the shortest time you put into the equation. This is because the equation helps ensure that you’re realistic about how long things will take. To manage your time effectively, you have to estimate the time it will take to complete each of your tasks. Doing this ensures you can schedule your work appropriately and meet all your deadlines. To estimate the time frames for your tasks, you can use a simple time frames equation, which uses estimates for the likely, shortest, and longest times to calculate the realistic, shortest possible time that it will take to complete a task. Five threats to your business that you need to consider for the success of this system.Answer: After assessing the strengths and weaknesses of your business for your business plan, look for external forces, like opportunities and threats, that may have an effect on its destiny. These changes includeThe appearance of new or stronger competitors.The emergence of unique technologiesShifts in the size or demographic composition of your market areaChanges in the economy that affect customer buying habitsChanges in customer preferences that affect buying habitsChanges that alter the way customers access your business. Changes in politics, policies, and regulationsFads and fashion crazesList the threats and opportunities facing your business, and follow these guidelines:When listing opportunities, consider emerging technologies, availability of new materials, new customer categories, changing customer tastes, market growth, new uses for old products (think about how mobile phones and even eyeglasses now double as cameras and computers), new distribution or location opportunities, positive changes in your competitive environment, and other forces that can affect your success. When listing threats, consider the impact of shrinking markets, altered consumer tastes and purchase tendencies, raw material shortages, economic downturns, new regulations, changes that affect access to your business, and competitive threats, including new competing businesses and competitive mergers and alliances. Also think about the impact of expiring patents, labor issues, global issues, and new products that may make your offering outdated or unnecessary. If you’re having a tough time getting specific, look back at the strengths and weaknesses, but this time, use it to list strengths and weaknesses of a competitor. You won’t know as much about your competitor’s capabilities as you know about your own, but you probably know enough to flag areas of strength and weakness. Your competitor’s strengths are potential threats to your business, and its weaknesses present potential opportunities. Three elements of risk All risk management standards agree that the goal of risk management is to enhance the chances of success of the relevant endeavor. However, each of them provides a different definition of risk: ISO31000:2009 calls it â€Å"effect of uncertainty on objectives,† the PMI â€Å"PMBOK Guide†Ã‚  has â€Å"an uncertain event or condition that, if it occurs, has a positive or negative effect on the project’s objectives,† and the preferred Risk Doctor definition is â€Å"uncertainty that matters. â€Å"Each description is true, but only partly so. This matters because, until we know what we are dealing with, we cannot manage it in the best way possible:If we use the ISO definition, then our first thought will be to focus on the  effect;If we follow PMI, then we will start from the potential  occurrence;With the Risk Doctor definition, we start from  uncertainty.Each of these — the effect, the event and the uncertainty  Ã¢â‚¬â€Ã‚  is a component of risk, but on its own is not a risk. Even taken in pairs they do not provide the full picture:an effect plus an event is  an issue;an event plus an uncertainty is  a prediction;an uncertainty plus and effect is  a concern.It is only when you put all three together that you can see what a risk is made of, and use this information to decide on what, if anything, to do about it. Of course, this then requires a longer definition, but the goal enhancing the chances of success is worth the effort. But what is â€Å"success†? It is more than simply â€Å"meeting objectives;† it must also include the condition of â€Å"complying with project constraints† in order for the final result to remain within scope.Given this clarification, a more complete definition is: â€Å"Risk consists of three parts: an  uncertain situation, the  likelihood of occurrence  of the situation, and the  effect (positive or negative)that the occurrence would have on project success.† The three-part definition helps with three important stages of the risk management process:In  1.risk identification, it supports the structured description of a risk (â€Å"risk metalanguage†) in the form: â€Å"Because of one or more causes, uncertain situation may occur, leading to In  2.risk evaluation, knowledge of potential causes allows you to evaluate the likelihood; identification of effects provides a basis for quantifying the impact. In  3 risk response planning, the different parts of the definition suggest different response approaches:for  threat avoidance, understanding the  situation  may allow you to stop it happening or protect against its results;understanding the  situation  can also be used to help us  exploit opportunities;in  risk transfer or sharing, we seek a partner better equipped to address the  effect;for  threat reduction  or  opportunity enhancement, we focus on the  effect  and/or the  likelihood;in  risk acceptance, any contingency plan has to address the  effect. Including these three components when you describe risks (the uncertainty, the event and the effect) will help everyone involved in risk management to take account of these three important aspects of risk, and act on them to enhance the chances of success. EXAMPLE Two examples of Managing risk in hotels Process and framework IHG has an established risk management process and framework embedded in owned and managed hotels in all regions. The long-term strategic goals are aligned with the IHG core purpose Great Hotels Guests Love and include three key elements:safety and security of guests, employees and other third parties;brand strength supported by operational excellence in risk management at all hotels and corporate locations; andmaintenance and promotion of the reputation of the Company. Our approach has been to enable and support hotel owners, staff and corporate functions to manage risk effectively. This is accomplished by giving them a systematic approach and framework to follow and by providing them with tools to do the job.The Global Risk Management function aims to share specialist knowledge and capability globally whilst being aligned to the operational structure of the business to ensure local circumstances are understood and respected and greater engagement of our people is achieved. Example 2 1 Safety and security risks in hotelsA strategic framework for hotel safety and security has been designed for owned and managed hotels and is illustrated below, showing the identified groups of risks and describing the management activities carried out to mitigate those risks.2 Mitigating hotel safety and security risksRisks are identified at hotel level through various means including intelligence gathering, quality audits, risk management assessments and internal audits. They are also identified as a result of incidents, customer audits and self-assessment. Hotel management discuss issues at monthly safety meetings and action plans are developed. Risks are prioritised, assigned and improvement actions are identified, progressed and monitored. Action plans are reviewed at appropriate levels in the organisation for issues that need to be escalated either to drive action or to develop common solutions. IHG believes it has a mature and capable systemic and systematic approach to managing hotel safety and security which both reduces the likelihood and impact of events. The embedded culture within IHG makes hotels and the corporation more resilient to unexpected or unidentifiable risks. How to cite Nonfunctional Requirements, Papers

Monday, May 4, 2020

Project And Originally Developed Schedules â€Myassignmenthelp.Com

Question: Discuss About The Project And Originally Developed Schedules? Answer: Introduction In all projects that are established and those that take place, a risk assessment plan is established, in which the possible risks that might occur as the project proceeds on is assessed. At the same time, the organization establishes a schedule that will be utilized to determine the tasks that will be carried out and the time when those organizations will be carried out. These two factors play a significantly major role in guiding the project development process. Without this establishment, it becomes extremely difficult for individuals to manage completing a project within the allocated budget and time constraint. Dairy Farming Group Organization is currently facing the challenge of establishing an effective management information system. One of its major aim is to carry out both the schedule review and the risk review of this project. Risk Review The projects risk management plan had established and identified some risks whose occurrence can jeopardize the ability of the project to meet the intended purpose. With the project development process proceeding on, the main problem that exists is the fact that risks constantly change. It is, therefore, appropriate to establish an effective review of the current risks that are in existence and the strategies that are appropriate for addressing those risks. The first risk identified is the risk of lack of resources. At the level that the organization is currently in, there are some resources that it can utilize to develop the project. The main question is, however, the aspect of sufficiency. Some resources may not be sufficient in fully carrying out their intended purpose, an aspect that can be partially appropriate. With this regard, therefore, the strategy of addressing this issue with the organizational management and explaining the required additional resources can help in addres sing this risk occurrence completely (Anderson, 2006). The other risk is that of overrunning the budget. The probability of the occurrence of this risk is significantly low. Despite this reason, however, it is appropriate to ensure that the risks are minimized to the least level possible. An example of an appropriate strategy that can help to address the mitigation of this risk is creating an appropriate budget that is precise to avoid miscalculation of the totals in the budget that the organization intends to use in the project development process. Another risk, whose occurrence is significantly high, is the increase in the estimated time which the project is intended to be complete. This risk is significant because, through it, the project may not manage to meet its time constraint. A strategy that can be utilized to address this issue is increasing the motivation and effectiveness of the employees, and thus they can manage to accomplish the tasks allocated to them in time. The occurrence of any of these risks might cause major problem s with the project development process, and thus it is appropriate to avoid any of the risks from occurring (Khatta, 2008). Table Risk Analysis The following table provides an analysis of the risks provided and the means through which they can be improved significantly. Risk Impact to Dairy Firm organization Probability of occurrence Mitigation Strategy Exceeding of the budget. The organization would be required to spend much more money on the organization 8/10 probability of occurrence Ensuring that all the information needed regarding cost and price of all aspects relating to the project is precisely known. Inability to meet the project constraints The organization would lose too much money, time and other resources. 2/10 probability of occurrence Ensuring that the project has all the necessary requirements to become successful. Implementing effectiveness of operation. Ineffectiveness of developers The organization would lose resources invested in the project development process. 3/10 probability of occurrence Ensuring that training and development strategies are established to train developers before the project development process begins. Reduction of project resources The organization would be required to increase the money invested in the project in order to ensure its successful completion. 5/10 probability of occurrence. Ensuring that all the project requirements are completely established and indicated in the budget before the project commences. Schedule Review The schedule that the organization intends to use contains all its tasks and targets and the means through which those tasks will be carried out. With this regard, therefore, the first major aspect of consideration is the means through which the schedules can be organized in a way that they will fully fit the context that they are intended to. With the many changes that occur during the development process, some of the schedules may change and require further adjustment. Strategies for ensuring that the schedules are effective and appropriate are therefore significantly necessary (Frenkel, Hommel, Rudolf, Dufey, 2005). The first schedule aspect that requires being altered is the time management aspect. The time management aspect determines the ability of the project to complete all the tasks effectively. An improved management plan helps in ensuring that the project is effective about the time it takes (Heldman, Baca, Jansen, 2007). The second schedule issue that requires altering is the duration allocated to different project durations. Reducing the durations that each task needs to be completed can help in saving time for the complex tasks, and at the same time in ensuring that the project completes within the given time limit. Changing this schedule aspect is therefore appropriate. The other aspect of consideration regarding the schedule that should also be changed is the critical path issue. This aspect should be altered to enable the project to have more time in the development. Extreme focus on the critical path of the project helps to establish effectiveness in the different aspects of team management (Kendri, 2004). Table Schedule Review The table below provides an explanation of the schedule aspects of the daily farm group organization and the means through which the organization can improve them in the process of the development. Schedule aspect Impact to the project Impact to the organization Improvement strategy Time management Determines the ability to complete within the given time limit. Defines whether the organization achieves its results of the project in time. Ensuring that the project managers are fully skilled in managing time through training and development Task delegation Enables early completing of tasks and uniform completion of the project. Determines the effectiveness of the project and its ability to meet the allocated time deadline. Ensuring that the project managers and supervisors are fully skilled in teamwork and delegation practices through training and development. Pladevelopment and dation allocation Enables the developers to define the required time and resources efficiently. Enables the organization to attain a proper estimate and thus make an appropriate decision regarding the project. Ensuring that the individuals developing the plans have experience or advice from highly experienced individuals. Recovery strategy in case the remaining time is less Enables the developers to have a backup plan. Can cause the organization to obtain the results and provisions of the project late. Establishing a plan through which an additional workforce can be provided to increase the speed of the development process in order to enhance effectiveness of operation. References Anderson, T. 2006.Perspectives on strategic risk management. Kge, Denmark Herndon, VA: Copenhagen Business School Press. Frenkel, M., Hommel, U., Rudolf, M. Dufey, G. 2005.Risk management : challenge and opportunity. Berlin New York: Springer. Heldman, K., Baca, C. Jansen, P. 2007.PMP : project management professional study guide. Hoboken, N.J: Wiley Pub. Kendrick, T. 2004.The project management tool kit : 100 tips and techniques for getting the job done right. New York: AMACOM/American Management Association. Khatta, R. 2008.Risk management. New Delhi: Global India Publications. Siegrist, M., Earle, T. Gutscher, H. 2010.Trust in risk management : uncertainty and scepticism in the public mind. London Washington, DC: Earthscan.

Sunday, March 29, 2020

Cultural Diversity In The Workplace Essays - Social Inequality

Cultural Diversity In The Workplace Juan Concepcion Managing Diversity in the Workplace Cultural diversity in the workplace is becoming more and more prevalent. Corporations in all industries are encouraging minorities, women, elderly workers, people with disabilities as well as foreign workers to join white males in the workplace. The following analysis will focus on these groups and how companies are encouraging them to join an ever-expanding workplace. Even if affirmative action is dismantled, diversity of the workforce is clearly here to stay. Business owners and managers, experts say, will still need to maintain or step up efforts to recruit and advance ethnic minorities in the year 2000 and beyond. Thats essentially because having a diverse work force and managing it effectively will simply be good business for various companies. One business leader who is at the forefront of implementing diversity is the Xerox Corporation. Xerox implemented their strategy for diversification through an aggressive, hard driving affirmative action plan. (Managing Diversity: Lessons from Private Sector, AOL Electric Library). The company has been successful in grasping Diversity by instilling it in its organizational culture and making it management priority. Xerox Corporation has taken on the imperative responsibility to implement plans that ensure a true representation of the community in which they are based and upholding a true picture of the globally based customers they serve. Their strategy is one that sets goals to recruit and retain minorities for previously restricted positions and hold management accountable for reaching those goals. It is an approach which has worked well for the organization. Because they are truly committed to tapping into the expanded creativity minorities bring, Xerox has moved from the mandatory focus of Affirmative action programs to the voluntary implementation of a business objective. According to John Fernandez, author of the book Managing a Diverse Work Force, white males would make up only fifteen percent of the net additions to the labor force between 1985 and 2000. White males were already in the minority, representing only forty-five percent of Americas 115 million workers in 1985. Other facts and figures also support the above mentioned trend. This is pointed out by The Career Exposure Network, a premier on-line career center and job placement service. According to the Network: Through the 1990s, people of color, women and immigrants will account for 85% of the net growth of the nations labor force. By 2000, women will be 47% of the labor force Over the next 20 years the U.S. population will grow by 42 million. Hispanics will account for 47% of the growth, Blacks22%, Asians18% and Whites13%. Miami is 2/3 Hispanics. San Francisco is 1/3 Asian American. A more recent survey suggests that smaller businesses have been more successful than larger ones in promoting ethnic minorities into upper management. The study shows that in businesses with fewer than 500 employees, twenty percent of the senior managers are minorities, as compared with about 13 percent for businesses with five hundred or more employees (Thiederman, 162). The reason probably lies in the fact that the highest net increase of small businesses since the early 1990s have been minority owned. The number of Hispanic-owned business has grown 76% since the early 90s proceeded by Asians, Pacific Islanders, American Indians, and Alaskan Natives which grew 61% (Nickels, McHugh, McHugh, 4). Naturally, minority-owned businesses are more opt to promote their own into managerial positions. Either because the business is family owned or they have a limited labor pool of applicants. Managing diversity goes far beyond meeting the legal requirements of equal employment opportunity and affirmative action. Whereas Affirmative action is based on mandatory compliance regulations designed to bring the level of representation for minority groups into parity, diversity initiatives within organizations are voluntary in nature. It takes Affirmative action a step further. Organizations that incorporate diversity initiatives as a part of their organizational objectives will be the most prepared they will be to meet the challenges of the next millenium. Whereas Affirmative Action focuses on including those on the basis of race, gender, and/or ethnicity, Diversity initiatives, when well implemented, focuses on all elements of diversity. Management must embrace the inclusion of employees not only with regard to obvious differences of race, sex, and age but also without regard to such

Saturday, March 7, 2020

Compare and contrast Emily Dickinson and Walt Whitman Essays

Compare and contrast Emily Dickinson and Walt Whitman Essays Compare and contrast Emily Dickinson and Walt Whitman Compare and contrast Emily Dickinson and Walt Whitman The lyrics composed by Emily Dickinson's and Walt Whitman have various contrasts. Case in point, the Dickinson's ballads are basic and brief time Whitman's lyrics are complex and long. Despite the fact that there are similitudes between the authors: - both are authors structure twentieth century; - both approaching demise as a primary topic, they staying unruffled notwithstanding passing wonder; - both are managing the thought of religion, connecting it with the subject of death, being realized that, around then, Romantic time, the religion was viewed as out of date. In spite of the fact that their works were extraordinary and unique, difficult to emulate, however subjects they concentrated on, were the same. Whitman's style presented the idea of free verse, this style turning into his unique imprint. Additionally, his boldness to manage "unthinkable" subjects, in particular sex, human body, and various other brought perspective changes of the American open of verse. Dickinson's works are pretty much as one of a kind, because of her odd position of accentuation, uncommon linguistic use, and straightforwardness of dialect. Her lines end suddenly, apparently harmless words are frequently promoted, and her inclination to compose meters common of hymn books all recognizes her from different journalists. Pundits have hailed the beginning of writer ladies, Walt Whitman like , othe rworldly and succinct, perceiving in artist the exemplified soul and magic of New England. Later nearing ubiquity of "pious devotee of Amherst" was the most merited, high perspectives invigorating her sonnets, the easiest expressions having the center of its motivation.

Wednesday, February 19, 2020

Management - Change Management Essay Example | Topics and Well Written Essays - 1750 words

Management - Change Management - Essay Example The restaurant’s menu is designed to meet all taste and the purchasing power of the customers. The company has been a global operator and its experience in the market and well-established services make the company market structure moral stable. From the large number of the customers who feed in the restaurant every day and well management of the funds the company financial situation is extremely stable. In order to meet the competition in the industry, Cafe de Coral Company has commenced planning, leading and implementing management changes needed to improve effectiveness and performance. Change Management Change management is never a choice between technologies, organizational or employee oriented solutions, but it involves combinations for best strategies designed to produce results. Hughes (2006, P. 180) indicates that the future scenarios are dynamic as they depend on the company’s abilities to manage them properly. According to Kam and Ming (2006, P. 217), the effe ctive and progressive management of change can assist in shaping a future that will better the enterprise’s survival prospects. The managers and companies operating in public or private will continue to be evaluated depending on their capability to manage change efficiently. Cafe de Coral Company has a larger global market place that has been made smaller due to the enhanced technologies and competition from abroad. Hughes (2006, P. 129) claim that Companies should note that planned change management is not impossible, but it is difficult. The significant point is that change management is an ongoing process, and it is incorrect to think that visionary Cafe de Coral Company can be reached in a highly programmed way. The growth of the company from the local operator to a global operator it shows the company is a different from what it was ten years ago. Kam and Ming (2006, P. 217) indicate that the company has developed strategies that have assisted in responding to competitiv e pressures so that it can transform the company. The Cafe de Coral Company has tried to manage and organize it human and technical resources in order to respond promptly to issues they encounter. The company has achieved the change of taste and preferences of client via harnessing the analytical skills and imagination of all company personnel to improve and introduce new products and services. Various factors have contributed to positive and negative changes in the Cafe de Coral Company. The significant change has transformed both internal and external situation of the company that was initiated due to the discomfort with the status quo. The change of Cafe de Coral led to changes in the internal organization and difficulty of operations in the company. The company noticed there was a gap between the set target and actual result in terms of market share and employee productivity. Therefore, there was a need for the company to reduce the gap and handle the forces of change. Adamson ( 2005, P.358) claim that the Cafe de Coral competitive strategy, and leadership shape has contributed a lot in the change of preference and the taste of the product and services. Meanwhile, the Cafe de Coral wanted to meet the employees’ needs and values that made them change their policies. For instance, it introduced attractive financial incentives that motivated employees and provided autonomy at work to attract and retain its effective employees.