Adding Value

In: Business and Management

Submitted By goodwoman01
Words 498
Pages 2
Today, organizations must demonstrate performance by meeting and or exceeding corporate goals and objectives. This means that coworkers must not only come to work but also impact the bottom line. How can management influence the importance of adding value to coworkers? *How will coworkers accept and understand that they must perform in order to rewarded as well as meet* the expectations of management? Management has the power to positively or negatively influence the importance of adding value to coworkers. Since the ultimate goal of an organization is to receive maximum performance from a team member, here are a few suggestions on how management can positively influence the outcome of adding value to all team members and the organization. Has there ever been a time, where you really needed a pick-me-up at work? For some, this feeling is quite frequent; for others-not so much. There is a way in which management can influence a team member to prevent this feeling. This is done by “Creating Moments that Matter”. This is a concept that can positively impact all team members of an organization in many ways. Creating moments that matter in an organization, means going above and beyond what is “typically” done in a work environment. Creating moments that matter makes a big difference on the time shared at work. All employees would like to have some feeling of appreciation after a days work. Well how do you get an employee to give maximum performance? First, hire those who want to work and meet or exceed the jobs qualification requirements. I believe management can have a positive impact by exuding awareness to each employee in which responsible. Managers can add value by providing positive feedback when an employee exceeds expectations. There are various forms of positive responses, for example: Thank You, a Kind Email, an award of…...

Similar Documents

Value

...following three-year reporting period is greater than $10 million and the employees are still employed by Sooner or Later Inc. They adopted ASC 718, Compensation-Stock Compensation in 2005. 1. The grant-date fair value of each award is $9. With the revenue target factored into the fair value assessment the grant-date fair value is $6. 2. Management believes it is probable the company will achieve cumulative revenue in excess of $10 million. 3. The requisites to vest were fulfilled. Revenue of $2 million, $5 million and $4 million was collected in 2006, 2007 and 2008 respectively. Identification of Questions & Alternatives Sooner or Later Inc has the following issue that need to be resolved: 1. Should Sooner or Later use the $6 grant-date fair value or the $9 grant-date fair value to measure its compensation cost? 2. Over how many years should Sooner or Later recognize compensation cost associated with the stock options? How much compensation cost, if any, should be recognized in each of those years? Conclusions and Authoritative Reasoning 1. Sooner or Later Inc. should use the $6 grant-date fair value. a. ASC 718-10-30-6 states that “The measurement objective for equity instruments awarded to employees is to estimate the fair value at the grant date of the equity instruments that the entity is obligated to issue …That estimate is based on the share price and other pertinent factors, such as expected volatility, at the grant date.” b.......

Words: 325 - Pages: 2

Values

...Personal Narrative There are many values in my life that are very important to me. My values that I carry with me all the time day and night originated from my family, friends, and teachers that are important in my life. The people that have influenced me and taught me most of my values is my family. My family is the people that have been there with me through the “good” and “bad”. They are the people who taught me the “dos” and “don’ts” in life. My parents are the ones who made me who I am today. By being there everyday of my life my family has taught me the meaning of loyalty, I’m a smart, loving, caring, trustworthy, hardworking, and successful because my parents helped guide me in the right direction. They will be there to support me until the very end. I don’t know what I would do without my family. If it wasn’t for them I wouldn’t be the person I’m today. My family has taught me never to give up and to keep going even when times get rough. They have instilled in me to reach my goals and strive for the best. I will reach my goals in life to the best of my potential. With this in mind, I go to school everyday to reach my short-term goal of graduating with honors and start my next goal of becoming a sophomore in college. My family has taught me everything that I believe in such as religion and working hard for what you want. When I got to school I get taught many things from my teachers, which helps me become a more well rounded and educated person. My friends...

Words: 383 - Pages: 2

Value

...which combine internal analysis of the company and external analysis of the competitive markets and their industries. Resource based view (RBV) of the companies does not replace previous strategic frameworks, on the contrary, it extends them to explain why some companies are more profitable than others (Collins and Montgomery, 2008). To make resource valuable to a company or an organisation, it has to be rare, difficult to replicate and it needs to create value (Schmidt and Keil, 2013). Such resources have the potential to become a source of sustainable competitive advantage (Talaja, 2012). Resources are classed as either tangible (unique products, plants, machinery) or intangible (brands, patents, knowledge) and they provide a unique collection of competencies and capabilities – how company uses its resources – which a company can exploit to gain competitive advantage (Omerzev and Gulev, 2011). Knowledge economy holds that the competitive advantage is based on managing non-material resources with a key role in creating value. These non-material resources are people and their potential (Durkanovic and Przulj, 2010) who proactively grant a competitive advantage to a company through development of unique capabilities and knowledge (Čater and Čater, 2009). Resource analysis for competitive advantage By analysing CbyD Ltd’s (CBDL) structure and vision against the market environment it is possible to ascertain that CBDL differentiates from the competitors in their approach......

Words: 893 - Pages: 4

Value Management and Value Engineering

... KEYWORDS Value Sustainable development Management Literature Review 1.1 Introduction Extensive research has been done on value engineering and value management over the past and as a result different concepts have been formulated and valuable literature has been produced. However, most of this research has been based upon cost effectiveness and other functional issues that have been arising over the past decades and why it is important to focus on this particular aspect. The literature has been reviewed, focusing on various aspects of value engineering and value management and its importance in construction industry, so as to obtain a better understanding as to the role of sustainability in civil engineering. Literature has also been reviewed into what factors lead to the implementation of basic principles of value engineering and value management. 1.2 Value Value is a term which is difficult to define by most scholars. It carries different meaning and weightage for different people. It is commonly linked with product cost or product manufacturing price and service cost (Cheah and Ting, 2005). Typically, it is defined as the ratio of the product worth which it carries for a person and the price he / she pays for it. 100 percent value can be achieved if the product or service received is worth the money which is being paid for it (Elias, 1998). This perspective indicates that value is a subjective term which differs from person to person, as value of a......

Words: 4135 - Pages: 17

Value

...BKM CHAPTER 7 1. Which of the following factors reflect pure market risk for a given corporation? a. Increased short-term interest rates b. Fire in the corporate warehouse c. Increased insurance costs d. Death of the CEO, e. Increased labor costs) (a) and (e) – The other three do not affect all participants in the economy. 2. When adding real estate to an asset allocation program that currently includes only stocks, bonds, and cash alternatives (risk-free-money market investments), which of the properties of real estate returns affect portfolio risk? Explain. a. Standard Deviation b. Expected Return c. Correlation with the returns of other assets (a) and (c). The portfolio risk (standard deviation) calculation now includes the variance of real estate returns and correlation between real estate and stocks the correlation between real estate and bonds. The correlation between real estate and money markets will be zero. Not (b) since the E(r) of real estate does not affect the portfolio’s risk. Note: The question refers to correlation (ρij) between real estate and the other assets. Since correlation is defined as the covariance between two assets’ returns divided by the product of the standard deviations of the assets returns (ρij = σij/σiσj), the portfolio risk formula can be stated in terms of either correlation or covariance. 3. Which of the following statements about the minimum variance portfolio of all......

Words: 4199 - Pages: 17

Adding Value Through Scm

...DB Forum 1 Adding Value through Supply Chain Management Dale Crowe Economic Theory of Adding Value through Supply Chain Management Young (2012) writes that supply chain management (SCM) is a function of collaborating firms working to improve operating efficiency and to leverage strategic positioning. In addition, Young references this function as not only the physical attributes of product distribution, but also to include related information, such as production or delivery status, and the capability to access such information. Such capabilities allow SCM to be an important link in fulfilling customer needs and providing value. Young adds that in the current customer-driven market, the perceived value of the entire relationship with a company has become most important to the customer; as the measurement of a company’s product and service qualities has progressed from internal quality assurance to external customer satisfaction to customer value. The complete SCM process and emphasis on added value is a reason customers choose one company’s product or service over another; as the entire range of product, services, and intangibles combined make up the perceived value of a company’s brand and image (Young, 2012). Customer value is important as it drives changes, improvements, and innovation. In a customer-driven market, companies need to differentiate themselves, as many cannot compete on price alone. Value-added offerings are a way that companies can separate......

Words: 1086 - Pages: 5

The Profit Margin of an Organization Can Be Increased by Either Cutting Costs or Adding Value and Increasing the Price of a Product or Service.

...The profit margin of an organization can be increased by either cutting costs or adding value and increasing the price of a product or service. The profit margin means the amount by which revenue from sales exceeds cost in a business. The profit margin of an organization can be increased b either cutting cost or adding value and increasing the price of a product or service as if the price does cheaper the more customers who will be able to afford the product equalling more units sold and more profit will be earned from the extra units sold. Secondly if the organization decides to make the product more expensive, then the people who are looking to buy the product will have to pay extra earning the organization more than what they would have had from the original price. Finally if the organization add value to their product it will make it unique from the market meaning the can add extra price to the product because others doesn't exist like this. This will also get the customers to be interested in the product because of it is unique so they will be willing to pay the extra cost towards it. However the profit margin of an organisation cannot be increased by cutting cost, adding value and increasing the products price because the current customers may not be able to pay from the extra cash, making less people to buy it costing the organization to lose money. Secondly adding value means that the organization will have to pay extra to make the product from the original......

Words: 402 - Pages: 2

Values

...Values Values Reflection Paper CJA/474 August 27, 2014 Values Values Reflection Paper In this paper it will identify my core values, also describe the way people acquire and change values. Also, by explaining what values can do for us as well as the values do to us. Lastly, will be explained is how the nature and importance of human values play a role in the workplace. So what are my core values, what do I value most? It turns out that people mean a lot to me and not just my family even though they are first. That with the way that I was taught in my formative years, I was taught the basic right from wrong, use your judgment when needed, take pride in yourself and that work that you do. I realize that I was taught old school and that over the years taking notice in the way that people place values on things that having meaning in their lives. I seem to value the way that I view family and people in respectful manner and empathetic to needs and feelings. But I expect that they can......

Words: 1212 - Pages: 5

Value

...Creating Shared Value. (Michael E. Porter & Mark R. Kramer) * What is your reaction to this article? Critically evaluate its content based on your personal and professional experiences and any additional research you might like to do. The article starts with a description of the cynicism surrounding capitalism and management, and also some of the reasons for such cynicism. My life’s first attitude towards capitalism and management was also marked by distrust and skepticism. I grew up in a small town that is surrounded by big factories that manufactured products such as steel, cement, flour and so on. Our town was victim of companies’ strategy to relocate their production plants where labor was cheaper. Article provides three concrete steps that management can take to achieving what they have dubbed as Shared Value, which is an attempt to meld together societal and economic progress, so that it creates societal value for the community in terms of making relevant contributions to their social realities, but not at the expense of economic value to the business. The three steps are as follows: 1) Reconceiving products and markets; 2) Redefining productivity in the value chain; and 3) Enabling local cluster development. In brief, reconceiving products and markets entails meeting needs in often underserved markets through redesigning products and/or distribution methods. The authors cite microfinance as an...

Words: 495 - Pages: 2

Values

...values In hospitality management values is an informal term that includes all forms of value that determine the health and well-being of the hotel or restaurant in the long run. Success in business life is never accidental you create your own destiny. It starts with having a long-term mission, vision and values for your hotel, supported by clear and measurable goals. However, We believe in the following values: * We recognise the well being of our guests, staff, and their families as the core to our success. * We also value the diversity of personal interests, cultures, creeds, colours and sexes and will always provide equality of opportunity. * We reward people based upon merit and expect everyone to accept personal responsibility for their actions. * We also believe in the strength and value of working together and cooperating for a common purpose. * We value originality and being in the forefront of new ideas. * We encourage the belief that work should be comfortable and enjoyable and seek to provide a happy fulfilling environment. * We value our relationship, our involvements, and our respected standing within the community. Our competitor’s values: * To provide the guests with all they need. * To focus on employees right across the organization. * To provide a reasonable working environment to help employees combine work and family responsibilities. * To hire best people who share their values. Comparison As...

Words: 336 - Pages: 2

Adding Value to Department

...I got an opportunity to join a consulting firm as partner. My mandate was simply “to look after” our thirty or more consultants. Our consultants had a combination of skill sets ranging from business analysts, project managers and software developers. Their level of experience was also varying with a combination of junior, intermediate and senior resources. The majority of our consultants were contracted to a client, an organisation in the utilities industry. I immediately setup one on one meeting’s with each of the consultants. The purpose of these meetings was to get to know my team better but more importantly to understand what the burning issues in the environment were. The feedback I received from the initial meetings with my team highlighted two important issues for me. There was no formal performance measurement process in place; the consultants felt that their salary increases were at the discretion of the management of the consulting firm. They felt that their line managers at the client did not contribute towards giving feedback on their performance which would be a fair measure of their overall performance. The second issue that was raised was that junior resources felt they did not get enough support from the organisation before being deployed at the client sites, “the environment was tough and they were simply thrown into the deep-end”, they said. The management team had given me budget to hire additional support staff if the need arose. Without wasting any......

Words: 495 - Pages: 2

Values

...of this security breech. Applicable laws and regulations – I would refer to the OPSEC regulation Army Regulation 530–1, as well as my units SOP in order to better help my judgement to determine the exact proper procedures in the destruction of different classified documents. Ethical values and ramifications – One of the best guidelines, the Army values would be where I would start with this. Although not all of these are incorporated in this exercise, Loyalty , Duty, and Integrity clearly are. The Loyalty is shown when SGT Day decides to cover up for SFC Sharp. Duty is displayed when it comes down to the question of reporting this situation because it is my obligation. Integrity is shown when it comes to doing whats right no matter what situation I am faced with and ensuring the decision is morally correct. Consider moral principles – The decision I go with will place me in the position to accept any consequences that may occur. Loyalty in this case, can go either way, as in a lot of cases are you loyal to a individual or a unit. What damage can reporting this incident cause on SFC Sharps career and promotable status. This case also puts a hinder on SGT Day's stand in the Army values that we live by daily. What type of leader is SGT Day. Courage plays a role in deciding which way my courage will take me, whether it's the courage to let it slide and move on with possibility of becoming compromised as well as any actions that may arise, or will I have the courage to......

Words: 352 - Pages: 2

Carburetors: Adding Fuel to Fire

...Carburetors: Adding Fuel to Fire Carburetors in conjunction with an internal combustion engine have been in use a very long time, with the first carburetors appearing in the late 1890’s. Although they are no longer common place in large car or plane engines, they still remain a popular choice for smaller applications such as power tools and lawn mowers. [Wikipedia] To begin to understand how a carburetor works, we must first understand what function it serves. The carburetor is responsible for blending fuel and air into a combustible mixture. It must ensure that the engine receives an appropriate blend of air and gasoline in order to produce proper detonation times inside of the engine. Mixtures can be described as too lean or too rich due to a respective lack or surplus of gas being blended with air. On top of that, the carburetor controls the engines speed at ranges from idle to full throttle. It also needs to allow the engine to start hot or cold. [How Stuff Works] The main principle that allows a carburetor to work is actually quite simple, although the design of carburetors can become complicated depending on engines requirements. In its simplest form, we can imagine a carburetor strictly as a tube. The engine pulls in air from outside through this tube creating a flow. Bernoulli’s principle, derived from the conservation of energy, states that when a flow is altered, its velocity or pressure must change to compensate for equilibrium. This means that when the......

Words: 1036 - Pages: 5

Values

...Values For your work to be satisfying, it must be compatible with your values. For some, money, prestige, and status are what it takes for a job to be rewarding. Others must experience meaning or purpose in the work itself for a job to be satisfying. This exercise contains a list of work and personal values that may assist in your career planning decisions. Part IWork Values Rate each work value using the following scale: 1 = very important to have in my work 2 = somewhat important to have in my work 3 = unimportant to have in my work. A. Work conditions may permit or require the following: _1__Independence/Autonomy doing what you want to do without much direction from others. _2__Time flexibility arranging your own hours, working according to your own time schedule. _3__Change/Variety performing varying tasks in a number of different settings. _3__Change/Risk performing new tasks that challenge the established order and may be initially resisted. _2__Stability/Security working in a secure job that pays you reasonably well. _2__Physical challenge performing dangerous tasks that challenge your physical capabilities. _3__Physical demands performing physically strenuous but relatively safe activities. _2__Mental challenge performing demanding tasks that challenge your intelligence and creativity. _3__Pressure performing in a highly critical environment with constant deadlines. _2__Precise work performing prescribed tasks that leave little room...

Words: 989 - Pages: 4

Adding Viability Cars

...Viability of Adding Alternative Fuel Vehicles to Lotus Rental Car Fleet The focus of this paper is to estimate the importance and feasibility of adding alternative fuel vehicles to the Lotus Rental Car fleet. This paper is addressed to the Chief Financial Officer. There are many types of alternative fuel vehicles (AFV); however, this paper will be focusing on hybrid vehicles. The discussion will cover the overview of existing operations, the advantages and disadvantages of adding AFV’s, the summary of the examination, and the recommendations on why and how it should be implemented. Current Fleet Status The Current fleet size for sister companies, Alamo, Enterprise and National, carry nearly 450,000 cars combined that achieve 28 mpg or better. The introduction of EPACT in 1992 introduced AFV’s into the US market, where they were mainly used by government agencies. The common term used to describe AFV vehicles is light duty vehicle (LDV). In addition, federal fleets are required to use dual-fuel vehicles unless a waiver is granted. Because of high oil consumption in the US transportation sector, concerns about national energy usage began to rise. This raised many questions regarding the resulting environmental impacts of greenhouse gas emissions. An example of this was in 2008, when it was estimated that the transportation sector emitted 1,930 million metric tons of carbon dioxide, which represents a 33.2 per cent share of total carbon dioxide emission from all sectors...

Words: 1616 - Pages: 7

Chi's Sweet Home (2016) English Subbed | The Familiar of Zero Season 3 Episode 11 English Subbed | Series en Latino