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Finding Topics for Research Paper on Schitzophrenia on the Web

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Total Compensation Is The Package Of Quantifiable Rewards

Section A: Question # 2: Total Compensation is the package of quantifiable rewards an employee receives for his or her labors. It includes three components: base compensation, pay incentives, and indirect compensation/benefits (Gomez-Mejia, Balkin, Cardy, 2016, p. 317). Although government pay has grade level (e.g. Grade 1 – 15) and you might tend to know a GS 1 salary from a GS 14 salary; however, it’s still a secret because there are steps 1 through 10 per grade levels. There are really no secrets when it comes to salary because people talk. I believe on a fundamental level that the openness is better that secrecy in all we do including salary due to the fact that this will help organizations to retain the best employees because they are more likely to feel they are getting a fair salary. I also believe that openness will perpetuate unfair salaries which are bad for people and for the organization. I am of the conviction that one of the main reasons for salary secrecy may surely be that they are not currently fair and therefore making salaries open seems dangerous to many workplaces. Maybe Mr. John Doe is making more than me, not because he does a better job, but because he drives a harder bargain when it comes time to negotiate salaries or is a close associate of the boss. In the salaried ranks of the working world, not everyone get the same salary of raise if they are paid according to contributions, therefore, salary openness would do the organization a lot of goodShow MoreRelatedLiterature Review : Employee Retention1187 Words   |  5 Pagesthat can enhance employee retention. These factors are compensation and appreciation of the performed work, provision of challenging work, chances to be promoted a pleasant atmosphere within the organization, positive relations with colleagues, a healthy balance between the professional and personal life and good communication. Elements of employee retention approaches 1) Compensation Compensation is the all financial and non-financial rewards given to management and non-management employees in returnRead MoreVideo 9 : Talent Management Yakup Ozcelik953 Words   |  4 Pagestraining . 2. (a) The video describes both training and development efforts at Metropolitan Bakery. What is the difference between training and development? How are they connected? They are not the same. training programs have very specific and quantifiable goals, like operating a particular piece of machinery, understanding a specific process, or performing certain procedures with great precision. Developmental programs, on the other hand, concentrate on broader skills that are applicable to a widerRead MoreOrganizational Pay Analysis: a Case Study of Southwest Airlines3828 Words   |  16 PagesFulfillment of the Requirements of OM 5218 – Managing Compensation and Rewards Capella University Spring 2008 Name: Address: City, State, Zip: Phone: E-Mail: Instructor: Abstract Title Organizational Pay Analysis: A Case Study of Southwest Airlines Abstract This report begins with an overview of Southwest Airlines, its strategies, and its compensation and benefit structure. The author considers how the human resources department can use a compensation strategy to strengthen the strategic and businessRead MoreCompensation and Benefits2497 Words   |  10 Pagesto acknowledge the importance of compensation and benefit strategies used in organizations all around the world. Compensation and Benefits are used by different organisations globally to attract, motivate and retain their employees. This paper contains a case studies, summary and analysis of academic journals and books to understand the latest trends in compensation and benefits field. The three primary components which are used in designing a strategic compensation plan are listed. During the courseRead More Human Resource Management at Delphi Essay example2516 Words   |  11 Pagesorganiza tional, behavior that goes beyond the role of just personnel administration. I have learned How job analysis is a systemic process of determining the skills, duties and knowledge required for performing jobs in an organization, How compensation includes all reward that individuals recovery as a result of their employment, and The Occupational Safety and Health is an approved state occupational safety and health program. With today?s work force becoming increasingly diverse, a organizationRead MoreEmployee Retention Policies And Practices Essay2266 Words   |  10 Pagesand 3) determine the factors that most significantly influence employee retention to meet the diverse needs of employees and create an environment that encourages current employees to remain employed. The results of this study were clarified that compensation, fringe benefits and job satisfaction play a vital role in employee s motivation which leads to employee s retention. Similarly, Training, career development and recognition were found motivating factor which leads to retention and promotionsRead MoreChapter 42457 Words   |  10 Pagesï » ¿Strategic Compensation, 7e (Martocchio) Chapter 4 Incentive Pay 1) Which of the following is true concerning incentive pay? A) The award is earned only when the predetermined work objective is totally completed. B) Motivates employees to be more productive, but does little to control payroll costs. C) Awards are granted in one-time payouts. D) Incentive levels are generally subjective in nature. Answer: C Difficulty: Difficult Type: Concept Learning Obj: 1 2) Which of the following is trueRead MoreEmployee Incentives Essay2098 Words   |  9 Pagesproductivity and the achievement of organisational goals. Establishing benefit programs require both large and small organisations to consider specific goals. Employee retention, compensation distribution and adherence to the budget must be carefully weighted against the overall organisational goals and expectations. Payments must reward employees for past performance while serving as a motivation tool for future performances. Organisations must balance each of the concerns while still remaining competitiveRead MoreEmployee Remuneration13571 Words   |  55 PagesChapter I INTRODUCTION 1. MEANING OF WAGE/ COMPENSATION PAYMENT: Wage is a monetary payment made by the employer to his employee for the work done or services rendered. It is a monetary compensation for the services rendered [1]. A worker may be paid Rs. 100 per day or Rs. 4500 per month. This is wage payment. The worker gives his services and takes payment called wage payment. Industrial workers are paid remuneration for their services in terms of money called wage payment. WagesRead MoreReward Management6987 Words   |  28 PagesContents Reward Management 4 Objectives of Reward System 5 Alternative to Reward Management 6 Types of Rewards 6 Criteria of Reward Management 7 Relating Rewards to Performance 9 Job Satisfaction and Rewards 10 Rewards and HRM Cycle 10 Reward Management System in Coca Cola  International 11 Reward Management System 11 Findings 12 Criteria of rewarding employees 13 How Coca Cola International Motivate Employees 14 Pay system of Coca Cola International 15 Types of Rewards of Coca

Transportation Essay Writing For Second Grade

<h1>Transportation Essay Writing For Second Grade</h1><p>Transportation exposition composing is frequently utilized so as to enable a kid to breeze through their normalized assessments. Understudies in the subsequent evaluation can utilize the paper composing as an apparatus to do research and discover answers to the inquiries that they are posed. This is an imaginative methodology for a primary school understudy to use in their education.</p><p></p><p>Elementary school understudies can't make such an exposition all alone. They don't have the opportunity or the capacity to examine, produce their own thoughts and keep in touch with the guidelines that they are required to compose. This may make their parent stress that their kid isn't excelling on the state administered tests. Be that as it may, the parent should realize that the standard tests don't test composing skills.</p><p></p><p>Teachers have mulled over the abil ities and capacities of understudies. They don't expect that each understudy will be ready to make, alter and keep in touch with the elevated level that is required by the guidelines set out by the school. The guidelines are intended to survey critical thinking, talking capacity, understanding abilities, math aptitudes and numerous other skills.</p><p></p><p>Writing expositions requires tuning in, taking a gander at things from alternate points of view and getting thoughts that are not effectively observed and heard. In this way, educators need to ensure that the understudy is taking part in an action that will permit them to tune in and have a decent feeling of what they are perusing. What's more, the understudy needs to be able to plunk down and create an article on their own.</p><p></p><p>Writing a paper all alone permits them to see the work that they have placed into the exposition. This shows they are not simply latently viewing the instructor carry out her responsibility, yet that they are assuming responsibility for the procedure. Along these lines, the understudy is giving the educator a work report and an evaluation of work.</p><p></p><p>It is significant that an understudy is permitted to communicate on the article, particularly when the understudy has made it autonomously. The parent must comprehend that the article isn't only a passing mark or a grade. It is an impression of the understudy's insight and imagination. Hence, the parent must ensure that their kid isn't composing something on their own that could cause issues later on.</p><p></p><p>However, this is frequently the situation when the understudy is doled out to write in the subsequent evaluation. It is significant that the understudy gives their parent or watchman consent to compose the paper all alone, in such a case that they don't, they will be unable to compose it and turn in their evaluat ion on time.</p>

University Of Chicago College Essay Samples - Easy Findings To Find The Best Ones

University Of Chicago College Essay Samples - Easy Findings To Find The Best OnesWhether you are looking for college essay samples that give you great ideas, or you just want to expand on your own skills, a list of some of the most popular essays by different authors is always an easy thing to do. Whether you're in a situation where you're short on time, or you want to search for a specific topic or author's opinions, it will be very beneficial if you know where to look and what to do when the time comes.As you know, there are several websites on the internet that offer some basic essay ideas and samples. You might wonder, though, which websites would be good for this type of search?The most common search sites are those that offer plenty of general topics, such as work and life or love and relationships. When it comes to what is usually needed by someone who wants to find the perfect writing sample, these types of sites should provide just what you're looking for.Some other websites that could be helpful in your search for the best student essay subjects are those that provide specific topics that might be a bit more difficult to write about. These topics may include things like religion, politics, or even sports.You'll also need to have an actual example that you can use as a basis for your own ideas. The best idea is to choose a popular writing sample, because you will have something to compare it to and can look for examples to see how they present their opinions.Once you have this, you can begin to look for more detailed ideas and examples. Look for topics that are close to your own, or even something that will give you some ideas for the style of writing that you would like to do.Remember, while searching for college essay samples, you should look at all the options that are available to you. Some sites offer free samples, but these should be of low quality.A site that offers you many different writing samples, one after another, is the way to go. These s ites give you great resources and will help you gain great insight into the writing world.

Comprehensive Analysis of Staples Free Essays

string(111) " the Staples Soul programs is beneficial to the organization, the environment, the community and the customer\." Comprehensive Analysis of Staples Harding University Angela Maloch Ashley Perez Keith Miller Ricky Griffin Abstract This paper will review Staples, Inc. comprehensively. The authors will discuss Staples’ visions, missions, and objectives, in addition to outlining the firm’s internal strengths and weaknesses and their external opportunities and threats. We will write a custom essay sample on Comprehensive Analysis of Staples or any similar topic only for you Order Now Several matrices will be included to provide visual aid and better observations of the operations and current practices of the company. Recommendations will be provided on new courses of action that may benefit the company and help increase sales and brand awareness. Vision and Mission Staples, is the world’s largest office product organization, and a reliable source for office solutions. The company products and services include office supplies, copy and print supplies, and technology to support these products. Staples, also provides supplies for facilities, break-room, and furniture (Staples, Inc, 2012). Staples conceptualized the office superstore in 1986. It has more than 88,000 associates worldwide, in 26 countries, and fosters annual sales of 25 billion (Staples, Inc, 2012). Many organizations foundations began with a vision and an organizational mission. The vision and mission are set to be accomplished by setting objectives, and implementing strategies to achieve the goals set by the organization. According to Business Improvement Architects: Creating a compelling vision and developing the strategies to achieve it is one of the organization’s most difficult challenges. The vision is more than a dream; it must convey a larger sense of organizational purpose, so that employees are able to picture themselves â€Å"building the dream company† rather than â€Å"laying the stones. It is an ambitious view of the future that everyone in the organization can believe in, one that can be realistically achieved, yet offers a future that is better in important ways than what now exists. (Business Improvement Architects, n. d. ) Staples mission is â€Å"to make it easy to buy office products (David, 2013). † The mission is simple yet it encompa sses what the organization strives to do with the products and services it provides to its customers throughout the world. Staples, does not have a written vision, but he the organization utilizes a unique approach in identifying the future direction of the company. Staples Soul program is a program designed by Staples, Inc. to help make the organization an employer and neighbor of choice, and sets Staples brand apart from competitors. The program is also aimed at allowing Staples to grow profitably and responsibly (Staples, Inc, 2012). Objectives and Strategies In Staples 2011 Annual Report, Ron Sargent who serves as the organization’s Chairman of the Board and Chief Executive Officer stated: At Staples, we take great pride in our consistent execution and our ability to evolve and meet the changing needs of our customers. Throughout our 25 year history we’ve succeeded by setting aggressive goals, acquiring and retaining customers, and being accountable for our performance. We took the same approach in 2011 and made progress on many of our key initiatives, despite the challenging economic environment. (Staples, Inc, 2012) Staples has established goals and objectives to keep the organization viable in the fast changing market, and the sluggish economy. The Staples Soul program, separates the organizations objectives into four pillars, and outlines the strategies to obtaining those objectives. The four pillars of focus of the Staples Soul Program are community, ethics, diversity, and environment (Staples, Inc, 2012). Staples Community Objectives and Strategies Staples is dedicated to bring education, hope and opportunity to the communities of where their customers live. The community efforts are strategically approached through local grassroots programs, and large scale initiatives that build ties in the global community (Staples, Inc, 2012). Staples has donated more than $17 million to nonprofit organizations, in the United States, and around the world in 2011. Through its Choose a Charity program, Staples has enabled associates to donate nearly $1. 9 million to organizations, in which they care about (Staples, Inc, 2012). Staples has also been established volunteer programs, and associate volunteer programs which has led to more than 33,000 hours of volunteer work to being performed in 26 countries (Staples, Inc, 2012). Staples and Ethics and Strategies Staples 2011 Annual report discusses their objective to meeting the ethical component of the organization. The report states: We believe that doing right is just as important as doing well. We hold ourselves to the highest standards of honesty, fairness and integrity, and continually implement strategies to ensure ethical conduct from the boardroom to the supply chain to the store. Our strong ethical foundation, demonstrated in the daily relationships with our stakeholders, and ensures our continued success. (Staples, Inc, 2012) Staples stress the importance of ethics in the business organization. The good business ethics must span throughout the entire organization. In efforts to achieve and maintain an ethical environment Staples has done the following: * Ethics, helpline, and training and awareness program in every business unit and function worldwide (Staples, Inc, 2012). * Established a new Ethics scorecard that allows senior leaders and the Audit Committee of the Board of Directors to monitor compliance with program requirements (Staples, Inc, 2012). * Created and established a monitoring and measurement framework to assess how well we are preventing, detecting and responding to ethics and compliance risks (Staples, Inc, 2012). Updated the Staples Suppliers Code of Conduct, by adding an Environmental and Business Ethics section, while modifying other sections (Staples, Inc, 2012). Staples, the Environment and Strategies Staples Annual Report focused on environment as its third organizational objective. The organization’s 2011 report states: At Staples, our vision is to generate business and environmental benefits for ourselves, our c ustomers and our communities by leading the way in sustainable business practices. his vision through a continued focus on sourcing more sustainable products; improving our offering of recycling and other green services; maximizing our energy efficiency and renewable energy use; and eliminating waste. In 2011, we communicated several new global sustainability goals and continued to work in several program areas to help move us closer to our sustainability vision. (Staples, Inc, 2012) As mentioned before the environmental pillar of the Staples Soul programs is beneficial to the organization, the environment, the community and the customer. You read "Comprehensive Analysis of Staples" in category "Essay examples" Staples has been instrumental in environmental progress by: recycling more than 67 million ink and toner cartridges, and 13 million pounds of technology waste in the United States. Staples has continued the implementation of its Race to the Top Initiative, which is focused on key suppliers reducing the environmental impact of their product (Staples, Inc, 2012). At the end of 2011, Staples had 286 facilities in the U. S. that have received the ENERGY STAR ® for buildings certification. By the close of 2011 Staples had 36 solar installations at 33 facilities and purchased a large sum of renewable energy certificates. Staples has a goal of reducing operational electrical intensity by 25%, and global carbon emissions by 50% by 2020 from a 2010 baseline (Staples, Inc, 2012). Staples, Diversity and Objectives Staples believes that being a successful company is dependent on people with rich backgrounds and diverse views. Staples commitment to diversity and inclusion opens the doors for the people of different races, gender, nationality, sexual orientation, physical ability, background and thinking styles. This in turn allows the company to be more innovative, because the organizations associate base reflects the diversity of the customers. Staples’ diverse workforce and suppliers help to build and enrich relationships with customers. While building upon these customer relationships, the organization is able to adapt to the ever changing global market place (Staples, Inc, 2012). Although Staples does not have a written vision statement, the Staples Soul Program has outlined the path, in which the organization wants to proceed over its business life. Fred R. David states: â€Å"A vision statement should answer the basic question, â€Å"What do we want to become? † (David, 2013, p. 45) David also states that a comprehensive mission statement is formulated by a clear vision. It is suggested that the vision statement be established first, and should be short approximately one sentence (David, 2013, p. 45). Many organizations have both a vision and a mission statement. David states that an organization’s mission statement distinguishes one organization from another in the same industry. An organization’s mission statement is â€Å"its reason for being. A mission statement is important for effectively establishing objectives and forming strategies (David, 2013, p. 45). It is important when formulating a vision and mission statement, it is important to include the managers and the employees. When employees and managers work together to formulate the organizations vision and mission, the statements will reflect the personal visions that employees and managers alike feel passionate towards, and sets the foundation for the future. The shared vision leads to a common objective and can motivate employees and remove the mundane atmosphere in the work environment (David, 2013, p. 47). An organization’s vision and mission statement can: * Ensure unanimity of organizational purpose * Provide a standard for allocation of organizational resources * Establish organizational climate or general tone Serve as a focal point for people to identify with the organization’s purpose * To help translate objectives into a work structure assignments and task * To specify organizational purpose and translate those into organizational objectives (David, 2013, p. 48). The Staples Soul Program sets the tone for a vision statement for the organization. Staples vision statement could re ad: â€Å"Staples vision is to be a world leader in providing easy assessable office supplies while being committed to improvements in ethics, environment, community, and diversity for those we serve. The Staples mission as stated before states that the company’s mission is â€Å"to make it easy to buy office products. † (David, 2013, p. 69) Staples mission and vision projected through its Staples Soul Program has set then foundation for the organizational to expand and utilize its strengths and opportunities to continue to be a leader in its industry. The organization can also utilize this foundation set to identify weaknesses, and potential industry threats. Eternal Opportunities and Threats External Opportunities Opportunities can give an organization an edge over the competition. Staples, Inc. isplays the potential to increase its growth in additional countries. Currently Staples has 300 stores internationally. An international expansion would increase the profits for the organization. According to David (2013) â€Å"Growth is forecast to reach almost $88 billion by 2013, reflecting a five-year average growth rate of less than 1 percent† (p. SM-66). The advancement in technology can provide Staples with a balanced diversity for its shoppers. New technological gadgets continue to bring additional efficiency for individuals in a number of ways such as online shopping, reading books, and playing games. Staples, Inc. artnered with Barnes and Noble to offer an alternate color reader commonly known as The NOOK. This technological device competes with Amazon’s Kindle and the Apple’s iPad. The partnership with Barnes and Noble will provide Staples with the opportunity to expand within the digital era. External Threats Threats are external and could occur at any time. Threats most often occur from other competing companies. Staples, Inc. continually competes with a number of organizations in regard to price competition and retail competition. Price competition occurs with equal ground stores such as Office Depot and OfficeMax. Staples, Inc. s the largest office supply company compared to Office Depot classified as the second place organization. David (2013) stated the following interesting fact, â€Å"Staples is larger than Office Depot and OfficeMax combined† (p. SM-76). The three organizations display similar challenges in regard to the reduction of sales because of businesses going paperless. The retail competition includes stores such as Wal-Mart, Kmart, and Target. These organizations display the need to obtain additional market share. As stated earlier, Staples, Inc. began the route of digital services with the latest product from Barnes and Noble commonly known as The NOOK. With the consumer trend of digital services reduces the need for traditional supplies. Green initiatives continue to be another factor for the reduction of traditional supplies, which reduces the need to stock a lot of cases of copy paper in the distribution centers. Competitive Profile Matrix External Factors External Factor Evaluation Matrix (EFE) Key External Factors WeightRatingScore Opportunities International growth (only 300 stores overseas). 12 4. 48 Trends towards digital items. 12 4. 48 New partnerships (Barnes Nobles). 11 3. 33 Implement research/development. 15 4. 60 Threats Price competition. 10 3. 30 Retail competition. 12 4. 48 Unemployment rates. 06 2. 12 Oil prices. 06 2. 12 New technologies reduce need for traditional supplies . 10 3. 30 Green’ initiatives might shift demand for products . 06 2. 12 Totals12. 04 The External Factor Evaluation Matrix (EFE) demonstrates how opportunities and threats may affect the company. Similar to the IFE, this gives a visual rating of the importance of external factors that may contribute to or inhibit the success of Staples. Seen in the matrix above, new opportunities can greatly contribute to the success of Staples. With such broad expansion opportunities, it would be easy for Staples to make new connections overseas, whether in creating new locations or promoting online sales. New partnerships should be looked into as well. Staples has already teamed up with Barnes Nobles, but opportunities with other major brands might impact Staples’ sales in a positive way as well. Implementing a research and development team can give Staples the opportunity to study consumer patterns, marketing techniques, and what products to offer to better meet the needs of society. Competing companies that offer similar products are the greatest threat the Staples. To best combat this, Staples needs to be prepared to offer the best customer service and technologies to stay in the competition. New technologies are changing what consumers need in regards to office supplies. For example, most consumers have switched to computer filing, rather than paper filing. This reduces the need for so much paper, files, folders, and filing cabinets. While some may still need this, Staples may want to look at reducing their inventory of these items and offering a larger supply of more current and modern items. Internal Strengths and Weaknesses Internal Strengths Strengths refer to the factors that exist within the company and exhibits formations of competitive advantage. The organization has dominance worldwide in more than 22,000 locations to include China, Australia, Germany, North America, and a number of other countries. Staples, Inc. is an established organization with a well developed infrastructure that offers business services such as supplies, technology, furniture, and office machines inside the stores as well as online. Staples, Inc. has a competitive advantage with the use of its online sales market. Instead of keeping a large inventory, the majority of the retail store locations stock approximately 7,000 products. When customers do not find a particular item inside the store, he or she can receive next day service at the local store when ordering from Staples. com. This avenue provides customers the option to review over 30,000 products in approximately 125 distributions. When the customer orders a product, he or she can request to receive shipment at the local store, at work, or at a home address. This type of service provides convenience for Staples, Inc. shoppers. In addition, Staples, Inc. ade an investment in regard to its delivery system with a purchase of small fleet of electric trucks. The purpose of this investment was to improve the organization’s efficiency and cost minimization by reducing fuel cost by 75% compared to diesel trucks. Internal Weaknesses Weaknesses are the areas an organization needs to try to correct imperfections for improvement. Understanding potential weaknesses can help an organization to both manage and remove possible threats. In contrast to a limited inventory as strength, this concept can be a weakness in regard to customers not wanting to wait for a specific product. Customers may go to a competitor to purchase the needed product or purchase it online. A number of challenges exist because of the advanced technological era. For instance, Staples, Inc. reported a seven percent decline in stock prices according to its 2010 Annual Report. Internal Factors Internal Factor Evaluation Matrix (IFE) Key Internal FactorsWeight RateScore Strengths Strong international growth and partners. 12 4. 48 Advertising and marketing. 12 4. 48 Strong Online sales market. 10 3. 30 Many convenient Locations. 10 3. 30 Staples Delivery System. 11 3. 33 Weaknesses Only 1. % increase in Sales (2010). 06 2. 12 Stock price fell 7% (2010). 06 2. 10 Poor executive compensation plans. 12 4. 48 Poor inventory management. 11 3. 33 No research/development Budget. 10 3. 30 Totals13. 19 As seen above, the Internal Factor Evaluation Matrix (IFE) is used to provide a numerical and visual score of key factors of the internal strengths and weaknesses. This gives management an idea of how to prioritize any issues that may be affecting or attributing the growth or success of the company. With more than 1500 locations throughout the United States, Staples is easily accessible to the population. Their advertising and marketing campaigns are successful and catchy; this creates brand awareness, and can potentially bring in more consumers. The internal weaknesses have caused such financial stresses on the company that it is very important that these issues are addressed. For instance, in 2010, there was only a 1. 1% increase in sales and stock prices fell 7%; however, the CEO of Staples, Ron Sargent, took a 41% pay increase. Moves like this can set Staples up for failure, so it is important for management to be aware of these internal issues through the use of an IFE. With no research and development budget, Staples is falling behind the trends of fast-paced society. They are not current on what is popular and what issues may be hurting their sales. * SWOT Analysis According to Thompson, Gamble, and Strickland (2006), â€Å"A SWOT analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future well-being (Chap. 3, p. 85). A SWOT analysis is a significant portion of the strategic planning model. An organization uses a SWOT analysis that consists of strengths as internal forces of the organization to accomplish the objective; weaknesses are internal forces of the organization that harm the objective; opportunities are external forces that can expand the organization; threats are external forces that can destroy the organization’s success. In developing a strategic plan, leaders must ask if the current strategic plan is adequate to achieve the goal and are there allowances for contingency plans if the current plan is not working. Therefore, an effective strategy will consider the internal and external factors of the SWOT analysis by looking at the big picture of what an organization will face in the course of goal achievement. SWOT Matrix Space Matrix Current Strategies Inventory Staples is looking to reduce physical inventory in stores and offer a wider variety via Staples. com (Donoher as cited in David, 2013). In doing this, they can limit the size of store locations and be able to cut building costs, utilities and floor space on new locations. In addition, research done by Shankar, Rangaswamy Pusateri (1999) indicates that online shopping is more convenient than offline shopping and allows consumers to find products to best fit their needs. This strategy, once fully implemented may promote more business to the website and offer better selections. The only issue that may arise is not having an item in stock that competitors might have. It would helpful to research buying trends and patterns of this industry and keep those items stocked. Prices Low prices have been the ultimate focus of Staples. This is understandable in retail today, however customer service and loyalty programs are just as desirable to consumers. Indicated by Shankar, Rangaswamy Pusateri (1999), customers are not sensitive just to price increases, but rather a mixture of factors that contribute to the overall buying experience. Slightly raising prices and focusing more on customer service can produce a better experience for in-store shoppers and may encourage them to return. Also, in some cases, low prices can correlate with low quality. When Staples offers their own brand items for extremely low prices, consumers may consider the price in relation to the quality. Recommended Strategies Based on the case study, Staples, Staples has seen gradually declining sales and profits in recent years (Donoher, as cited in David, 2013). In order to turn that around and be a successful office supply company, they need to implement new strategies. Staples is not a competitor with other office supply companies. They cannot maintain desirable inventories of what consumers are looking for and they cannot beat the prices and leverage that other similar stores offer. If left alone, Staples will go out of business. Suggestions on strategies that may offer aid to Staples are outlined below. Retrenchment â€Å"Retrenchment occurs when an organization regroups through cost and asset reduction to reverse declining profits† (David, 2013, P. 146). If Staples would try this strategy, they might be able to save the company and turn it around. In order to implement this strategy, they would stop opening new stores, and perhaps even close stores throughout the United States. Closing stores throughout the United States can greatly reduce costs and increase revenues. It would be most logical to close the locations with the lowest annual sales. In addition, by reducing the number of store openings would allow for more focus to be within what Staples already has. This means there would be more time to focus on customer service, inventory management, product display, management, and online sales. Online sales are such a large portion of their business, it may be more effective to put more efforts into obtaining sales through that medium, rather than brick and mortar locations. Related Diversification In order to remain in the competition, Staples must be open to diversifying the products they currently offer. Staples needs to revamp their current inventory and look at what it is consumers want today. With such a boom in technology, there is a consumer desire for new and up-to-date items. The items they rarely sell need to be taken off the shelves or offer a very limited inventory in stores. That clears up space for new items, and a greater inventory capacity. By stocking items that customers want can increase the traffic flow through the store. Often, consumers know competing stores, such as Office Depot and Wal-Mart have more of what they need, so Staples is eliminated completely. Recommended Annual Objectives and Policies Organizational Annual Business reports are a vital tool in making recommendations for annual objectives, and policies. The annual report identifies the company’s short falls, but more importantly it shines the light on the organizations achievements. The annual report also illustrates the plans and strategies to rectify its weaknesses, and refute potential threats. According an article by Jill Leviticus, an annual report; â€Å"provide information on the health of your company to shareholders, stakeholders, the media and your community. † (Leviticus, 2012) The article also states that the organizational annual report provides financial information, highlights achievements, promotes the organization, and other key information to the stakeholders (Leviticus, 2012). Staples 2011 Annual Business Report outlines the organization’s recommended annual objectives and policies, which is based on the needs of the employees, shareholders, and customers. Annual Business Reports and meetings cover a broad range of objectives and policies. Staples 2011 Annual Business Report covered topics on beneficial of ownership of common stock, corporate governance, and election of directors, employee stock plans, and long-term cash plans (Staples, Inc, 2012). Adjustments to these specific objectives and policies will specifically impact the viability of Staples, Inc. The aforementioned Staples Soul Program has been instrumental in making the organization the â€Å"employer and neighbor of choice. † (Staples, Inc, 2012) Staples has been proactive in implementing policies and objectives to acilitate the organization in achieving goals centered around the four pillars of the Staples Soul Program, which are community, ethics, diversity, and environment (Staples, Inc, 2012). Strategy Review and Evaluation Defining a strategy is an educated guess. The guess is a key process in any organization. The changes that occur in today’s society ca n make or break an organization. Strategy, as any other process improvement, cannot be determined unless it is measured. There is an old saying that says it is hard to know where you are going until you know where you have been. Strategy has to be evaluated to determine if the direction of change is favorable or unfavorable to the organization. There are acronyms of famous cycles to help lead an organization to improve. PDCA, PDSA or DMAIC are some of the well-known cycles. These cycles define a basic process of evaluating changes made to determine if the actions taken reflect the desired results. A similar process of planning, doing, studying and acting has to be defined in each organization. Organizations can vary in the data used but the process will be the same. Data There are a number of inputs that need to be included into strategy development. External inputs include items such as customer needs, customer survey results, industry trends, regulatory requirements, technological advancements, market risks and competitive intelligence to name a few. Internal inputs include company vision, mission, goals, philosophies, employee survey results, SWOT analysis and balanced scorecard results. These inputs will help determine what a company’s balanced scorecard should be. The balanced scorecard could be used by location moving up to the organizational level. It could also translate down to specific goals and objectives for individual performance management. Measure Once the balanced scorecard has been developed then it is time to capture the results. In most cases these results are measured monthly. There are some cases where the time frame may extend to a longer period of time depending on the metric being measured. For instance, financial information would probably be calculated monthly by an internal team. An external assessment could be used to challenge or protect your company such as Sarbanes-Oxley audit. These measurements help determine direction. Review Periodic reviews of balanced scorecard information are required to determine if the actions taken are effective or not effective. These reviews can occur at different time intervals. Changes or actions taken can immediately take effect or it could be a period of time before the change is realized. An example of immediate effect could be actions taken to reduce inventory levels. Depending on the action the company may see the results on the following month. An example of a longer term effect may be implementing an â€Å"open door† policy which involves a cultural change that may not be seen immediately. A general understanding of the metric and the anticipated impact time should be rationalized during the review process. Adjustment Once the review has been analyzed actions should be taken to correct metrics that are not performing to the desired results. There are several methods of problem-solving that can be used to help work through the possible contributors of poor performance. The A3 process was derived by Toyota. The process is a collaborative problem-solving tool used to manage individual issues from beginning to end. The A3 process identifies the team, the problem, the metrics used to measure the issue, potential causes, countermeasures to potential causes, responsible party assigned and results. The cycle starts again similar to the Plan, Do, Study and Act cycle mentioned earlier. Recommendation The recommendation for Staples is to have monthly reviews as well as annual reviews. The monthly reviews would consist of A3’s developed for each of the metrics. The A3’s would be reviewed to see how the countermeasures are impacting the metric. This type of review will help monitor performance in the short-term time frame. Annual reviews should be conducted on the internal and external inputs and balanced scorecard results. The annual review would be designed to develop the strategic plan for the following year or longer. References Business Improvement Architects. (n. d. ). Understand the organization’s vision. Retrieved November 22, 2012, from www. bia. ca: http://www. bia. ca/vision. htm David, F. R. (2013). Strategic Managment: A Competitive Advantage Approach (14 ed. ). Upper Saddle River, New Jersey: Prentice Hall. Leviticus, J. (2012). What Is the Purpose of Company Annual Reports? Retrieved November 23, 2012, from www. smallbusiness. hron. com: http://smallbusiness. chron. com/purpose-company-annual-reports-57428. html Shankar, V; Rangaswamy, A. Pusateri, M. (1999). The online medium and customer price sensitivity. Penn State School of Information Sciences and Technology. Staples, Inc. (2012, April). 2011 Annual Report. Retrieved November 22, 2012, from www. thomson. mobular. net: http: //thomson. mobular. net/thomson/7/3218/4642/document_0/SPLS_2011AR. pdf Staples, Inc. (2012, November 14). Corporate Profile. Retrieved November 22, 2012, from www. staples. com: http://investor. staples. com/phoenix. zhtml? c=96244p=irol-IRHome How to cite Comprehensive Analysis of Staples, Essay examples