STRATEGIC MANAGEMENT CAPSTONE Research Paper Example | Topics and Well Written Essays - 1000 words

STRATEGIC MANAGEMENT CAPSTONE - Research Paper Example will also involve ensuring that cameras at all levels of production showcase exceptional design and are easily accessible, while the level of awareness about these attributes will need to equally high. These attributes call for balance between developing employees’ R&D competency, increment of unit sales hence expansion capacity, as the company generates higher demand with time, and according employees compensation that is above average. The first step in the labor strategy will involve training individuals that are better equipped in production and sale of digital cameras than potent competitors in the industry. This will play a significant role in ensuring that Advanced Camera has significant competitive advantage over other camera providers. Such human resource-dependent competitive advantage should not be overlooked, since unlike other company advantages that can be replicated elsewhere, unique skills and characteristics of employees are difficult to imitate. Further, a properly trained production workforce will generate higher quality cameras than one that is untrained hence unskilled. In the first year, the company will primarily focus on training extant portable appliance testing (PAT) members. This will happen for two years in a row, thus keeping the money used for quarterly productivity improvement and PAT training constant at $1,000. In the third year, the company will hire 20 new PATs, with the intention of raising the number of units assembled during overtime (OT) to 80 per member. In the subsequent quarter, that is, during year four, Advanced Camera will strive to maintain about 30 PATs, while increasing units assembled at OT by 20 cameras per PAT member. The company intends to maintain this number of PATs even in the fifth year, in order to sustain first shift and overtime PATs, without having to outsource labor (Dess, Lumpkin, & Eisner, 2006). Through this strategy, the company will be able to raise basic wage per PAT member by about 2% from the

Analytical Paper Essay Example | Topics and Well Written Essays - 1000 words

Analytical Paper - Essay Example 56). The question that we need to ask ourselves is, what then is the relationship between the employee and this pathological entity as depicted by Balkan? To answer this question the paper will look at the responsibilities of employees to the corporation and vice versa, how the corporation shapes identity of an employee, the ethical relationships to another and how creativity is managed. The employee and the corporation are often assumed to have a psychological contract that governs the behavior of employees and the employer. In this contract, the employee has a responsibility to the corporation in terms of what/she puts in and in return expects compensation from the employer (Bakan, 59). The employee thus gives the corporation his/her expertise, experience, education, efforts and skills and expects to receive a fair remuneration for the efforts from the employer. The corporation on the other hand, expects outcome from employee in terms of loyalty, engagement, improved performance (i.e. increased revenues and profits). A breach of contract on either side may lead to detrimental consequences such as reduced productivity or high turnover rate. This was especially so in traditional organizations where loyalty to the employer was key. What happens today where organizations have become networked and operate in different geographical areas, where there is no direct contac t between employee and employer? For today’s employees’ loyalty is of little importance as they move more towards independence and do not expect to work for one company for a long time. The employees give value to the corporation in terms of improved performance and productivity but if their efforts are not rewarded adequately, they move on to other corporations. In the other hand, the corporations have the responsibility to take care of their assets who are the employees. Today, due to increased tendency towards cost-benefit analysis corporations expect the highest