Trigger three
The main question for the third trigger is
Challenges of a growing company
And
the learning objectives are
What is value chain? (Structure)
Significance of HR (Roles & Responsibilities)
How to maintain the company growth? (Functions)
Keywords are
Team work
Goals
Company sturcture
Managing
Size of growth
Delegation
Communication
What is value chain? (Structure)
"A value chain is the full range of activities — including
design, production,marketing and distribution — businesses go through to bring
a product or service fromconception to delivery. For companies that produce
goods, the value chain starts with theraw materials used to make their
products, and consists of everything that is added to itbefore it is sold to
consumers.
To conduct a
value chain analysis, the company begins by identifying each part of its production
process and identifying where steps can be eliminated or improvements can be made. These
improvements can result in either cost savings or improved productive capacity. The
end result is that customers derive the most benefit from the product for the cheapest cost,
which improves the company's bottom line in the long run.
Ideally, your
value chain analysis will help your company identify areas that can
be optimized for maximum efficiency and profitability."
Significance of HR (Roles & Responsibilities)
"The key functions of the Human Resources
Management (HRM) team include recruiting people, training them, performance appraisals,
motivating employees as well as workplace communication, workplace safety, and much more.
Recruitment and training
HRM encourages
the people working in an organisation, to work according to their potential and gives them
suggestions that can help them to bring about improvement in it. The team communicates
with the staff individually from time to time and provides all the necessary information
regarding their performances and also defines their respective roles. This is beneficial as it
enables them to form an outline of their anticipated goals in much clearer terms and
thereby, helps them execute the goals with best possible efforts.
Maintaining Work
Atmosphere
This is a vital
aspect of HRM because the performance of an individual in an organisation is largely driven
by the work atmosphere or work culture that prevails at the workplace. A safe, clean
and healthy environment can bring out the best in an employee. A friendly atmosphere gives
the staff members job satisfaction as well.
Managing
Disputes
In an
organisation, there are several issues on which disputes may arise between the employees and
the employers. You can say conflicts are almost inevitable. In such a scenario, it is
the human resource department which acts as a consultant and mediator to sort out those
issues in an effective manner. In other words, they take timely action
and prevent things from going out of hands.
Developing
Public Relations
The
responsibility of establishing good public relations lies with the HRM to a
great extent. They organise business meetings, seminars and various
official gatherings on behalf of the company in order to build up relationships with other
business sectors. Sometimes, the HR department plays an active role in preparing the
business and marketing plans for the organisation too. "
How to maintain the company growth? (Functions)
"Growing a business requires;
-the right intellectual capital
-carefully selected strategic partnerships
-products and/or services with strong marketplace demand
-strong operational foundation
Business is about people and without the right people a business can’t grow and mature. Oftentimes, this requires an organization to refresh its talent pool in support of the organization’s business model and the unique needs of its clients.
Efficiencies drive costs down and embed a mindset within the workplace culture that makes people sensitive to costs and ways to streamline how the organization communicates, operates and connects the dots of opportunities. This helps to assure that activities within the organization are in alignment with the needs of the business to create and sustain growth.
You must always embrace an entrepreneurial attitude to see and seize the right opportunities – especially those previously unseen or that others don’t see at all. This is why you must embrace an entrepreneurial spirit when prospecting the right clients –to assure the business not only grows, but sustains itself over time.
Problem solving is the essence ofwhat leaders exist to do. As leaders, the goal is to minimize the occurrence of problems.When an organization has the protocols, the standard operating procedures in place to solve problems and make sound decisions, they have enabled the ability to anticipate the unexpected to assure that circumstances don’t force their hand.
The most successful leaders are
instinctual decision makers and thus have the circular vision to see
opportunity in everything. Great leaders will become immune to pressure
situations and extremely intuitive about casting strategic, long-term plans for
the future.
Sustaining growth requires you to share your momentum with others. It demands that you have the best interests of others on your team, and colleagues throughout the organization, at heart. Driving sustainable growth can never happen alone. It not only demands a strong team, but collaborative departments/business units that together make up a strong ecosystem with the right intellectual capital."
Sources:
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