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SWOT Analysis for Rainbarrel Production Case Study

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SWOT Analysis for Rainbarrel Production Case Study. Vision And Mission Statement The mission statement for Rainbarrel Products Company is to make Rainbarrel products one of the leading products in the market through proper product development techniques. The organization is focussed on the maintenance of a good customer service and satisfaction program. They seek to maintain high employee morale through a reward system that combines financial and non- financial rewards. They also aspire to have a positive impact on the community through involvement in the activities of the community through corporate social responsibility. Above all, they intend to maintain high standards of transparency, honesty and equity in all organizational activities. Swot Analysis A SWOT analysis is a tool that defines the strengths, weaknesses, opportunities and threats in an organization. Opportunities and threats represent factors that are beyond the control of the organization i.e. the external environment. Strengths and weaknesses on the other hand represent factors within the control of the organization i.e. internal factors. Strengths represent the factors within an organization that put it at a competitive advantage against its competitors. They include factors such as internal resources and assets that are in most cases hard to find. Other strengths may be in the culture of the organization and the integration of the culture in the objectives of the organization. A culture of good leadership, good management styles, work ethics and beliefs can also be company strengths. From the case study, Rainbarrel Company has been able to achieve good employee efficiency at the customer service call centre and productivity has gone up. Although we do not know whether the quality of service is good, this can be exploited and used to enhance performance. Rainbarrel has also been able to achieve a lean labour base. There was a cut in the head count at the company which has led to increased productivity; this can be harnessed and converted into a positive growth. There is a reward scheme structure in place that can be streamlined for better results and the company is gifted with able and visionary leaders who can help it grow into a more successful business. Weaknesses Is lack of good customer service. Customers from Rainbarrel production constantly complain of poor services. The retired staff have also complained of mistreatment by the sales team. It was also clear in the case that the management does not work under an agreed budget; instead it works on the basis of following the good ideas. This poses a high risk to the company because the spending is not structured and can lead to misappropriation and/or wastage of funds. This would also affect the long term operations of the organization. The staff at Rainbarrel are demotivated because there is a feeling that management laid off the best talent and offered the remaining average performers better packages. There is also a feeling that Hiram concentrates on rewarding short term performance without considering the effect on the organization in the long run. There is therefore, a general lack of motivation in the staff which must be addressed for better performance. From the case study, top management does not seem to have effectively communicated the strategy down to the lower level staff. There is no ‘buy in ‘from the employees and they seem not to understand the intention of the employed strategies. The reward system has also been structured in a way that encourages unhealthy competition and poor service. There are no measures to ensure that the customers get high quality service and the bonuses are based on operational processes, like length of calls, rather than results e.g. customer feedback. One of the main opportunities identified for Rainbarrel is in the implementation of a change management program to get ‘buy-in’ from the lower level staff and restructuring to enable positivity and productivity. Rainbarrel has a fairly good strategy although the implementation is poor. Top management must communicate the company strategy to the lower level staff and performance management tracked more closely, to include customer feedback, in order to successfully implement the company strategy. The culture at Rainbarrel is also all wrong; there must be a change management program in place to help change the negative attitude at Rainbarrel to a positive and responsive culture. This would enable Rainbarrel retain its customers and have better results. Threat The main threat facing Rainbarrel production is from its competitors who are capable of taking over Rainbarrel’s customers. The customer service is very poor at Rainbarrel and there is a high likelihood of Rainbarrel’s clients moving to competition. Another threat is the possibility of Rainbarrels clients sharing their bad experiences with other potential clients. This would have a negative impact on the performance of Rainbarrel because potential clients would be led away. Additionally, there is the threat of disillusionment of staff at the company; this would not just mean poor service but could also lead to loss of top talent as staff can seek employment somewhere else where they feel more appreciated and secure. SWOT matrix SWOT matrix is a tabular representation of an organization’s internal and external factors. STRENGTHS Good efficiency at the customer care call centre; Lean labour force achieved after the cut in head count; Rewards and incentive initiatives; and Knowledgeable leaders WEAKNESSES Poor communication channels; Inappropriate employee motivation strategies; Poor employee rewarding strategies. Poor employee commitment and loyalty OPPORTUNITIES Entrenchment of a results and effectiveness oriented culture; Improvement of strategy communication and implementation; Implementation of a results based reward system for staff; and Entrenchment of a customer centric culture SO strategies WO strategies Cultivation of a customer centric culture at the call centre(S1,O4) Structuring of an effective communication strategy(W1,O2) THREATS Competition Change in customer perception of the company ST strategies WT strategies Use the leaders talents to beat competition(S4,T1) Motivate staff and train them to serve customers diligently One of the alternative strategies that I would recommend for Rainbarrel production is that the company must put in place properly defined communication channels throughout the organization. Communication is vital to the successful implementation of business strategies because management can use it as a tool to communicate company goals and objectives to all levels of staff. A good communication channel is characterized by free and continuous feedback from all levels of staff. I would suggest that management uses a variety of channels in communicating the strategy to the staff. They could use e mail, memos, internal newsletters and other non-conventional ways like internal posters and so on. Strategy could also be communicated during meetings. The more the strategy is communicated, the more likely it is to sink into the company culture. Secondly, I would recommend that the management of Rainbarrel put in place a reward scheme that is performance based and not demeaning to staff. The scheme should be structured to ensure that top performers are rewarded without embarrassing the average performers. There should also be a means of supporting the poor performers so that they can attain good competency. Another strategy that I would recommend is the establishment of a performance management framework that would ensure that employees are paid for what they have worked for and are constantly appraised and reviewed. I would suggest a performance management system that does not focus on the processes but on the outcome of the processes. In customer service for example, I would suggest that the personnel be rewarded based on the customer feedback and on the overall customer experience rather than the number of calls handled. I would also want the management at Rainbarrel to introduce a means of tracing the resolution of customer issues as a process and have the customers give feedback on whether or not they are satisfied by the way in which their issues are managed. Finally, I would suggest the formation of a results management office. This office would be responsible for the implementation of the above strategies and would have a means of measuring the key performance indicators against set goals. A Focus on results rather than processes would be emphasised in the results management office. It would also be an avenue for two-way communication between staff, management and other stake holders. Any concerns from staff could then be addressed through this office and management can use it to re-emphasize the importance of vital areas of the strategy. SWOT Analysis for Rainbarrel Production Case Study

Bond Portfolio Construction Project 2-5 pages.

Bond Portfolio Construction Project 2-5 pages..

You have inherited $250,000 million in cash and are charged with building a portfolio consisting of bonds.Format:Economic Climate – Describe the current economic climate in the countries or regions that you will be investing. This includes current and expected GDP, inflation, and any other economic or demographic indicator that helps justify your bond strategy.Create a pie chart with a legend or table that visibly shows the breakdown of how your portfolio is invested. Cash or money market funds are a sector you can use.Discuss each sector and bond type that you have included in your portfolio. Describe why you included it? Be concise with your points. The paper should be 2-5 pages.Extra credit: Discuss reasons you are excluding from your portfolio a sector, country or region.
Bond Portfolio Construction Project 2-5 pages.

IWU Benefits of Technological Advancement in Healthcare System Discussion

write my term paper IWU Benefits of Technological Advancement in Healthcare System Discussion.

Getting StartedElectronic information and computer technology have enhanced healthcare in many ways. You will access information from your assigned readings in this course and an additional literature review to discuss the impact of clinical informatics on the safety, quality, and efficiency of nursing care. This paper should reflect correct grammar, punctuation, spelling, and APA format.Upon successful completion of this assignment, you will be able to:Describe the impact that information systems and computer technology have on quality, safety, and efficiency in healthcare.ResourcesTextbook: Applied Clinical Informatics for NursesTextbook: APA Publication ManualWebsite: GrammarlyWebsite: Grammarly Setup for IWU StudentsBackground InformationIndiana Wesleyan University uses the Turnitin program to check submitted assignments for potential plagiarism using pattern-recognition algorithms. After you submit your assignment in the Assignment Submission page, an originality report is generated. Read through “Viewing an OriginalityCheck Report” at https://kb.indwes.edu/Web/Academic/Brightspace/Stu… to learn how to interpret your report.Wikipedia is not viewed as an academic or scholarly source for written assignments. This open and collaborative online encyclopedia allows anyone to edit information, and not all edits can be verified. It may include factual errors and false or misleading information. You may find that the bibliography list in Wikipedia provides links to credible sources that may occasionally be used for certain topics. As with any website, you must verify the authenticity of each source prior to citing and referencing in academic writing.You are expected to use correct APA format for this assignment. You may use the APA template (provided in workshop two) or the template created in Academic Writer. Other resources for this assignment can be your course textbooks and OCLS resources. Please write in third person and avoid referring to the reader as “you” (second person). Minimal use of direct quoting is important when citing and referencing information on this topic. Please review the criteria on the grading rubric carefully before starting this written assignment.InstructionsReview the rubric to make sure you understand the criteria for earning your grade.Write a two- to three-page paper (excluding the title page and reference page) that includes the following:Describe the impact of information systems and computer technology on the quality, safety, and efficiency of healthcare.Consider benefits and constraints that information technology brings to nursing practice.Give specific examples from the literature to support your discussion.You are required to cite and reference a minimum of three current and scholarly sources in this paper. Your textbook, Applied Clinical Informatics for Nurses, may be considered one of the three sources used for this assignment.Minimal use of direct quoting is important when citing and referencing information on this topic.Please write in third person and avoid referring to the reader as “you” (second person).Review the criteria on the grading rubric carefully before starting this written assignment.Proofread your paper for grammar, spelling, and APA errors. Use the Grammarly tool if that is beneficial to you. This link explains the use of the Grammarly tool: https://kb.indwes.edu/Apps/Grammarly.Remember, the Grammarly tool does not have your nursing knowledge. Some suggestions or comments may not be accurate, but it is useful as a general tool to assist with improving your writing style as needed. Remember that there is a plagiarism check in the Grammarly program that can be used before submitting the assignment.When you have completed your assignment, save a copy for yourself and submit a copy to your instructor using the Assignment Submission Page by the end of the workshop (Turnitin enabled).The following assessment rubric is used to grade this written assignment.
IWU Benefits of Technological Advancement in Healthcare System Discussion

Responsibilities of Human Resource Management in Microsoft Corporation

Responsibilities of Human Resource Management in Microsoft Corporation. Microsoft Corporation is a company located in USA that manufactures, develops and supports a wide variety of products and services in the computing sector. The products and services of the company include computer software, consumer electronic, hardware, IT consulting, etc. The company established in 1975 by Bill Gates and Paul Allen, excelled in developing the operating systems for the computers. In 1984 they released the Microsoft windows version jointly with IBM. The company considers Human Resources as its asset and is keen on attracting and retaining talented manpower and managing them efficiently by making informed decisions. The company has around 93,000 employees and they manage the employees strategically. Maintaining a sound performance appraisal system in the company is the most difficult and most important part of Human Resource Management in the company (Coutts and Schneider, 2004). The performance of the employs in the organization is tracked and their work is observed by the supervisors and effective feedback is given at appropriate times. The performance appraisal process in the company is carried out after the superiors and subordinates come together to discuss the goals, objectives, expectations of the company, targets to be achieved, evaluation criteria and methods. The supervisor of the company is responsible towards identifying the skills, competencies and knowledge of the employees and if they are capable enough to carry out their duties and work effectively. The superiors also need to ensure that they properly communicate and give the right idea regarding the performance expectations and the rewards for the performance (Newstrom and Davis, 1993). Some methods that companies usually follow for the purpose of performance evaluation are 360 degree feedback, critical incidence, rating scales etc. Microsoft is a company that gives importance to its Human resources, thus has developed a web-based tool ‘the performance tool’ wherein the commitments, goals and employees and bosses are included and their roles defined. The employees in the company can log on using an ID and clearly understand the goals of the superior frame or change one’s own goal that way. This tool or model is flexible as the goals can be changed according to their requirement. Performance management system is managed with the help of this model in the company. Microsoft follows certain steps in its performance evaluation process: As a first step the employee and the manager carry out a face to face meeting twice a week. Then a meeting is done half yearly where the employees and the managers discuss and solve various issues concerned with behavior, performance and the expectations. Online tests are carried out to check the skill level of the employees and feedback is given according to the tests. Microsoft also provides an option for the employee to choose their superiors to be their mentors. Performance appraisal structure in Microsoft is unique with 2 reviews being held in a year i.e. career compass held in January and Final performance appraisal held in August. Career Compass is a review held in midyear wherein the employee development considered as an important thing. The mainly includes the development of their competencies, in which case the company involves two kinds of competencies: Microsoft core competencies- involve collaboration and cross border cooperation, innovation, confidence and proper decision making Functional competencies in Microsoft are the interpersonal skills, skills for project management, analytical skills, strategic decision making etc. Final performance appraisal involves the proper reviewing of the total performance management carried out in the company and is used to rate all the performances and commitments. The goals and targets that were set before as a benchmark will be reviewed and revised after the performance evaluation is done. The employee is also encouraged to do the self appraisals so that they themselves can understand the issues and lack of performance and reasons etc. in the final appraisal process the concerned managers of the department where the employee belongs and HR personnel of the company would sit together and discuss the details of the performance evaluation and appraisal process of the employees. They then rate the employees according to their level of performance achieved based on the standard set. The rating system in the company is based upon commitments and the target achieved. The performance rating in the company is form 5 which is for exceptional performance to 1 unsatisfactory performance. The company also follows a contribution ranking against the coworkers depending on the factors like the readiness to work and potential to learn. The performance appraisal and evaluation process in the company is highly essential in highlighting and communicating its goals and objectives to its employees and ensuring that they are properly achieved (Longenecker, 1997). Microsoft has been successful in maintaining the proper level of performance among the employees and achieves organizational goals. The employees in the company are aware of their roles and responsibilities thus working towards achieving the targets by framing their goals in the right direction (Grote, 1996). Microsoft is a company that provides certain important targets for each department by asking them to maintain a standard level performance rating for the employees, where in the standard of performance of the employees does not go below this level. The environmental factors have a key role to play in the methods used by the company with respect to the various HR practices. Thus the performance evaluation process in Microsoft Corporation is formulated taking into consideration the factors of external environmental factors. The various political, economic, social and technological factors play a key role in defining the human resource activities of the company. Political factors: The political environment in a country can be considered as an important factor that will affect the working of the company in a number of ways. One of the important political issues related to companies like Microsoft are the property protection measures and protection for investments. Many political parties helped the company gain tax benefits in a lot of ways. Economic Factors: it is difficult to list out the key economic factors that affect the company, since the Information Technology market is highly dynamic and standardization is not possible (Rubini, 2010). The recent economic downturn has also adversely affected the company like any other as the economy of most of the countries was badly hit and the market had slowed down. Social environmental factors: the social environment of the country in which they operate, act as important aspects in deciding the performance and operations of the company. A company that is socially responsible will be considered well by the customer. The employees will feel proud to work for such companies. Microsoft has been funding many CSR activities, but due to the economic recession the company has cut its budget in that area to invest in some its products. A company that is committed to the society will also possess employees who would work towards such a goal. Technological environment: the technological factors like the technological innovations and creativity has lead to an entirely new and different kind of expansion in the information technology industry. There are many companies operating in the market providing software, IT and hardware services with innovative technology in every service. The growth of technology has been tremendous as a result of which the company has to recruit and acquire more skills and trained employees who have the knowledge of changing technology in this field. In order to increase the operational efficiency the company is expected to increase the performance level of the employees (Kurtz, 2009). Proper performance management system in the company will cater to providing the solution to this issue. Microsoft has developed various methods to perfectly understand the make clear evaluations of the employee performance and train them according to the need of the hour. The study is thus concludes that the company Microsoft is highly specific on establishing a proper performance management system that meets their requirements and maintains their standard at all levels. The Human Resource Management and planning in the company is effective as they have a plan on how to make best use of their human resources asset. The various environmental factors and conditions play a key role deciding various aspects of HR practices in the company. The performance appraisal system is crucial in achieving the goals of the company. Responsibilities of Human Resource Management in Microsoft Corporation

Walden Quality Improvement Program Reduces Errors in Oral Medication MGT Review

Walden Quality Improvement Program Reduces Errors in Oral Medication MGT Review.

1. Complete a search for ONE scholarly article related to:a. Quality Improvement within Nursing and Healthcare.b. Assure article uses at least one of the QI tools as outlined in McLaughlin & Kaluzny’s Continuous Quality Improvement in Health Care (5th Ed) (2020) as outlined in readings.2. Write a brief review of the journal article outlining:a. Cite article and include the article in your post for your peers to review.b. Identify the purpose of QI projectc. Identify CQI tool(s) usede. Describe your own view of the outcome of study and if you would recommend any tool changes and if so, why and if not, why. Provide supporting evidence to support your viewpoint.
Walden Quality Improvement Program Reduces Errors in Oral Medication MGT Review