Friday, July 31, 2020

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Wednesday, June 10, 2020

Improving performance through Cross Function Teams - Free Essay Example

Singer Sri Lanka started its operation in 1872 in Sri Lanka and is a Company that has grown over the years into a benchmark entity in Sri Lanka in terms of popularity, modernity and reach. Singer today is synonymous with quality, wide reach, and wide product range across diverse lines and wide appeal to consumers across the entire spectrum of buying power. With its inception through the sewing machine, Singers product portfolio has diversified to encompass a highly successful multi-brand strategy combining products of top world marques with the companys own products across a range of household, industrial and financial categories. Over the years Singer structure has strengthen immensely to incorporate with the strategies formulated to face the changers in the environment. Singer has 38 different brands in its portfolio and has a sharp penetration level covering the width and depth of the consumer segments. Singer has joined hands with worlds leading appliance manufactures such as Hitachi, Samsung, Galanz, TCL, Philips, etcÃÆ' ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€šÃ‚ ¦and it allows them to bring down the worlds latest technology into the country. Singer has moved to multi channel strategy to cater to the different market segments. It has identified and divided its customer base into different categories based on their purchasing power, level of education, standard of living, brand loyalty, etc. different channels are there to cater for these different customer groups, which have shown in the figure 1.1. As a multinational company its not easy to manage 38 different brands through nine channels with more than 300 outlet s, whereas very special attention is needed to improve the channel performance while maintaining the brand equity as well. So for that, company need the contribution of all managers, irrespective of whether they are working in Marketing, Sales, Production, Finance, Human Resources, etc. Figure 1.1: Multi Channel Strategy Source: Singer (Sri Lanka) PLC Annual report 2007 CHAPTER 2 Typical Ways of Managing an Organization Here we are trying to understand the conventional ways of managing an organization by analyzing the usual management strategies singer had used in their past (without generalizing the theme) with the possible drawbacks of that system. Management structure of Singer (Sri Lanka) is fairly bigger compared to an organization in the same dimension. Also as explained earlier it has evolved with the expansion of the brands and channels. From the surface level the structure looks functional. Functional structure in definition is a grouping of positions into departments based on similar skills, expertise, work activities and resources use (Daft, 2009, p.293) However depends on the nature of operation different divisions have different structures in terms of both divisional and functional. Definition of the divisional structure: departments are grouped together based on organizational outputs (Daft, 2009, p.293) As a result of above combination (which is shown in the table 2.1) we c ould identify that Singer Sri Lankas has a HYBRID structure. Table 2.1 Department Structure Nature of Divisional Structure Finance Functional/Divisional Geographical Human Resources Functional/Divisional Geographical Commercial Functional Marketing Divisional Product/Geographical Sales Divisional Geographical IT Functional Service Functional/Divisional Geographical Hybrid structure is accomplished by combining the characteristics of both functional and divisional structures. It can take advantage of both forms of structures and avoid some of their weaknesses. Though its fairly and successfully combined, there are many shortcomings in the structure as well. Mainly the structure has a vertical approach and hardly any horizontal connection. Vertical structures focus on functional objectives than the corporate goals of the organization that creates a major communication gap between the functions and division. Singer (Sri Lanka) had used to practice this vertical approaching system (managing is inline with the hierarchy and the formal structure of the organization) in so many years until they had identified the critical weaknesses in the system. These weaknesses were often evident in Singer between several departments when they were trying to go behind the individual departmental objectives by just forgetting the overall company objectives. Following example will explain the drawbacks of that system in general and how it affect to the overall company performance. Eg: When Organizing Marketing Promotion, the following case was very often happening in previous system between marketing and finance division. This was not simply because of the different between their departmental objectives, but the failure of understanding the others functions. When Brand manger needs to plan an attractive promotion in the Christmas season with a large spending, the finance management focuses more on historical figures and if the sales are very low in the last three months they tend to cut down the budget accordingly. Then marketing has to alter their plan and to stick with the given resources. Ultimate result could be another unsuccessful campaign with an enormous waste. It would be a different scenario, if links were created and clear communication was visible in the two departments. Marketing would communicate with the finance division as to the current situation of the company and at the same time Finance would realize the dynamics in the market. This communication lacking has always been there in previous system and it was difficult to eliminate those problems as well. CHAPTER 3 The Concept of Cross Functional Teams 3.1 Background Issues: As discussed Singer (Sri Lanka) had vertical Hybrid structure and inter-department communication gaps often arise. Also to face the turbulent environment, the structure needed to be more flexible, team supported and empowered. To obtain the optimum results in the diversification strategy with minimum resources and waste, Singer needed to develop horizontal team structure. 3.2 Horizontal Team Structure: Fig 3.1: Horizontal Team Structure Functional Functional with interdepartmental Divisional Horizontal Structure Task forces, Integrators Structure Teams Strategic Goals: Differentiation, Innovation, Flexibility Strategic Goals: Cost Leadership, efficiency, stability Strategic Goals Source: Daft The new era of management 2006 (South-Western) 3.3 Concept of Cross Functional Teams as a Solution If we relate this concept in Figure 3.1 to Singer, we can adopt the Cross Functional Team Concept as a prominent ingredient to bridge the gap between Strategy and structure. In groping we can consider the category basis and have a well balanced cross functional team to drive the category to long term results. Composition of a horizontal team should be base on the contribution of the category to the overall success. CHAPTER 4 How Cross Functional Teams Function in Organizations New combination of strategy and structure will result in superior results long term. Fig 4.1: Long Term Profitability through Strategic Changes 4.1 Role of Cross Functional Teams [CFT] Cross Functional Teams are consisting of appropriate number of members according to the contribution of the category. Each member should empower to handle his own function according the CFT plan. It is the responsibility of all CFT members to manage business units for growth of the organization as a serious commitment. This is one of the few areas of our work life, where cross functional disciplines come into play and all functional areas can stimulate growth collectively as Teams by their divisional contribution towards a common goal and share in the joy and inspiration that success will bring to the company. Company needs all CFT members to be involved in making the business successful in each and every year. Each Business Unit will select a coordinator who should be responsible for setting up regular meetings, releasing minutes promptly and following up on program management. 4.2 Common Characteristics of CFT CFT heads must meet and discuss about the overall progress frequently and report to the cooperate management. Initial step should be to identify the correct people to correct CFT and have the best mixture with the leadership of cooperate management. With effective strategy and dedicated member of CFTs will drive the process toward the desired results. Most importantly itll enable the origination to attract strategic customers and helps to build up a local customer base. It also allows CFTs to inter change the customer (mainly corporate customers) and will result a sustainable market share for all the CFTs. Ultimately it enables to harvest long term results for the entire organization Internal Focus Control of process Customer focus culture Continuous improvement Communication Competitive Strategy Offering choice High quality Wide distribution Commitment to improvement:  · Key Management Supervision  · Cross-departm ent teams  · Work teams  · Individual action CFT Head Alignment Structure:  · Flexibility  · Adaptability  · Empowerment  · Innovation  · Team support Improved organization long term results Improved unit Performance Fig 4.2: How Cross Functional Teams Functioning 4.3 Key Performance Indicators for CFTs Revenue % Gross Margin Absolute Gross Margin Model / Product Line up Management (filling voids) Management of Obsolescence A P Productivity (Advertising and Promotion) Technology Management Supply Chain Management 4.4 Key Concerns of CFTs Related to Business Entity Here we are considering Singer (Sri Lanka) as a business model to explain key concerns of CFT. Competitor pricing is relevant to success. If price of Singer is higher than the price of competitor, it will lose its revenue and market share. CFTs who manage gross margins operate better than those who look only for revenue. Higher gross margin categories also earn higher revenue. Entry point pricing is very relevant as new entrants come into the market at low end of pricing and temporarily gain market share and this is ceaseless with brand B replacing A and so on. Obsolescence need to be sorted out promptly. CFTs who do not manage obsolescence will end up being hit by 2 charges. Provision for obsolescence and Interest Cost. Need to focus on above the line advertising. When products/models are not advertised adequately for some period, such products tend to move away from the customers sight and get replaced by other products without notice. There seems to be a lack of market intelligence among CFTs to grasp the dynamics of market changes, developments, consumer behavior, and savings, etc. Eg. 1 Need to own a water filter in rural suburban homes due to contamination of water was not picked up by market intelligence, but by accident. Eg. 2 Gradual replacement of the paddy thresher by the combined harvester has yet to strike home as a relevant change in consumer behavior. This leads to conclusion that the company should be more alert on the interactions going on in the market place and the dynamics of change. CHAPTER 5 Achieving Excellence Through Cross Functional Teams Cross Functional Teams including Brand Managers should concentrate on working out a model as to How do we get there?, When do we get there?. By supporting company to achieve its overall objectives, there are some other main responsibility areas which CFTs are focusing on. Followings are kind of a important ways to drive the company to achieve its goals. 5.1 Implement the Open Communication and Informal Culture: Its better if there is a free flow of information among all level of managers and the staff. Organizations can implement this culture through CFTs, which is more flexible and also easier to take quicker action to changes needed to keep up in the business world. 5.2 Promote Doing Research on Business Matters: Most successful companies in all over the world are not scared to try things or doing researches. Again, the open communication and informal culture is also supporting to this in a bigger way. CFT member are always supportive to others to do or try out something new and if anything goes wrong the entire team will get the responsibility for that. 5.3 More and More Closer to the Customer: Successful companies have a passion about the customer, usually applicable to reliability, product and service quality. Working as a CFT provide necessary facilities and eagerness to treat customers well and the group then works more toward the customer orientation, which lead to success of the entire business. 5.4 Promote to Do Innovations: If all CFT members can be more flexible and supportive of the creative process, then it will be successful in the long run. Coming up with new ideas to optimize business opportunities available or to save cost by doing tasks differently from the past. (Method changes) 5.5 Enhance Productivity through People Intervention: Any organization should develop a people base culture and consider everyones idea in the organization for the overall success of the company. This will eventually increase productivity and CFT is a good place to start as well. 5.6 Simple Form, Lean Staff: To be more flexible when dealing with fast changing conditions; the failure may be not because of an issue with the best practices but an issue with the execution. Company needs to be efficient in the fundamentals, more innovative in all aspects and should be fast responsive to threats. This is also a main idea behind the formation of CFTs. 5.7 Category Driven, Rather than Channel Driven: Eg: Members of Television CFT have to look after the TV operation at Singer Mega as other channels. So their total sale from that category is matter, not through which channel it comes from. 5.8 Empower Employees: Through CFTs organization is providing a greater authority for company staff to make decisions even at the field level. This will create the mindset of all employees that they are also important part of making company wide decisions. 5.9 Development Succession of Staff: In a broader way it is a responsibility of CFT for setting a succession plan to develop the next level in all management categories by allowing them to participate for the meetings time to time. 5.10 Maximize Department Productivity: CFTs can support this in a numerous ways by optimizing available staff, using Department sub committees to overcome bottlenecks and problems, by helping other Departments and getting the help from the other Departments to solve common problems. 5.11 Enhancing Internal Controls: Companies are aware that some departments (In Singer specially marketing) have lost heavily due to malpractices and misfeasance by neglecting internal controls (despite having a full scale internal audit). So CFTs suggest and change the methods/procedures/ rules time to time to enhance the internal controls in the organization. 5.12 Cost Improvement: It is inferred that every large company has a wastage element of 10 to 15% of total cost. CFTs can give their input by focusing on eliminate this wastage while not affecting operations by ad-hoc cost cuts which may be detrimental to the business. 5.13 Adding new Goods Services: Adding successful new products to the portfolio, which will be compatible with the existing business, is also a collective responsibility of CFTs. CHAPTER 6 Way Forward Beyond the Excellence Andy Grove, the legendary former Chairman of Intel, has the following views on cross functionality and it is worth reading him in this context: Always assume its your responsibility By that he means to take on a job even if it wasnt yours Thats a general thought, but it creates specific action and works across almost any situation, from picking up garbage on the floor to a new product idea If you automatically assume its your responsibility and do something about it that makes the company better. Those who recognize that are the ones who end up being most successful. Organizational performance, strategies, rules, alone with practices only will not help to develop that kind of higher inspiration among the people who are working in the organization. It should need some sort of professionalism and real need from the top management starting from the CEO of the company and penetrate to the most bottom layer through all levels of the organizational structure. To achieve superior performance through the concept of CFT is a kind of a developing inherent quality of the employees rather than implementing another controlling mechanism by the organization. So in a very broader way this can lead towards to achieve a cultural change in an organization by enhancing the motivation, courage, enthusiasm of all the employees with positive attitudes. Further to achieve the outstanding performance by CFTs, apart from the responsibilities highlighted in the previous chapter, it is essential to do the frequent gap analysis where necessary to place the icing on the cake on; improving gross margins filling up model voids improving quality reduce obsolete and non moving inventory So the continuous focusing towards the companys operations and the real interest of the management is the key factors which determine whether the company can go an extra mile or in other words whether the company is able to drive beyond the excellence. CONCLUSION As per our analysis carried out, it is evident that the structure plays an important role in contribution towards the long term performances and sustainability of the organization. As explained in the forgoing discussion Singer (Sri Lanka), more serious issues faced with the former structure resulted in a communication gaps between the different functional departments. This is very common for the most of the industries in Sri Lanka and the majority is operating to achieve their individual departmental objectives without thinking the company objectives as a whole. Changes in structure to a more matrix based structure (by implementing the CFT strategy) enable and encourage clear communication as well as responsibility. Therefore this change would facilitate to perform and enable better control system, ultimately reflecting the better bottom line profitability of the organization.

Tuesday, May 26, 2020

The Death of Illustration Essay Samples Pdf

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Sunday, May 17, 2020

Blackness in Macbeth Essay example - 2735 Words

Blackness in Macbeth The Bard of Avon shows in his tragedy Macbeth an evil couple who face the dark hand of death - as a result of criminal deeds. Let us look closely at the growing, enveloping darkness of the play as it progresses. In his book, On the Design of Shakespearean Tragedy, H. S. Wilson identifies the darkness in the play with evil, hell, devils: Mr. Kenneth Muir, in his introduction to the play - which does not, by the way, interpret it simply from this point of view - aptly describes the cumulative effect of the imagery: The contrast between light and darkness [suggested by the imagery] is part of a general antithesis between good and evil, devils and angels, evil and grace, hell and heaven . .†¦show more content†¦Macbeth, of course, literally means that his love for Duncan was so strong and so swift that it got ahead of his reason, which would have counseled a pause. But in the same way we have seen his greed and ambition outrun his reason when he committed the murder; and in the same way all of the characters, in the irrational darkness of Scotlands evil hour, are compelled in their action to strive beyond what they can see by reason alone. Even Malcolm and Macduff, as we shall see, are compelled to go beyond reason in the action which destroys Macbeth and ends the play. (106-7) L.C. Knights in the essay Macbeth describes the moral darkness into which Macbeth lowers himself: The main theme of the reversal of values is given out simply and clearly in the first scene - Fair is foul, and foul is fair; and with it are associated premonitions of the conflict, disorder and moral darkness into which Macbeth will plunge himself. (95) The Tragedy of Macbeth opens in a desert place with thunder and lightning (typical accompaniment to darkness) and three witches, somber and dark in appearance, who are anticipating their meeting with Macbeth, There to meet with Macbeth. They all say together the mysterious and contradictory Fair is foul, and foul is fair. When the Norweyan forces are vanquished, Duncan bids Ross to greet Macbeth with his new title of Thane of Cawdor. Before this happens, however, Macbeth is greeted by the witches withShow MoreRelatedEssay about The Power of the Night in Macbeth1392 Words   |  6 Pages The world renowned masterpiece, Macbeth, is a tragedy that has lasted throughout the centuries and has had a significant impact on English literature. The play takes place in turbulent times, in which betrayal, falsehood, and concealment lead to misery. To thoroughly encompass the suffering and wickedness that take place throughout the tragedy, Shakespeare uses dark imagery which evoke s a sense of foreboding and imminent evil. A.C. Bradley describes Shakespeare’s technique concerningRead More Darkness in Macbeth Essay581 Words   |  3 PagesA.C. Bradley wrote that about Macbeth: â€Å"darkness, we may even say blackness, broods over this tragedy... all the scenes which at once recur to memory take place either at night or in some dark spot.† The Tragedy of Macbeth contains many instances where darkness is represented and portrayed whether it occurs at night or the actions. Many actions that were completed by Macbeth, Lady Macbeth and the prophecies told by the witches, all have corrupt intentions or outcomes. Shakespeare often will useRead MoreEssay about Macbeth1001 Words   |  5 PagesShakespeare’s ‘Macbeth’? The first time we hear the statement is very early in the play when the witches say the exact line quot;Fair is foul, and foul is fairquot; only for Macbeth himself to repeat it very closely two scenes later. This repetition of the lines shows me that the characters themselves believe that there are many foul events taking place. In this essay I will endeavour to prove that the above statement doesn’t express ‘Macbeth’ thoroughly. Firstly I will show the fair Macbeth himselfRead MoreWilliam Shakespeare s Sonnet 73902 Words   |  4 Pagesfirst quatrain evokes thoughts of ruin, despair, and suffering as it talks about winter and the setting sun. The second quatrain continues the idea of an aging poet by evoking the further image of demise and talking of being completely engulfed in blackness and death. The third quatrain, littered with emotion, sparks an image in the readers of fading coals in the ashes of youth. The first quatrain begins with the time of year â€Å"when yellow leaves, or none, or few, do hang† providing the image of lateRead MoreEssay about How Is Evil Portrayed in Macbeth?1163 Words   |  5 PagesHow is evil Portrayed in Macbeth? In this essay I shall be looking at the way evil is portrayed in Shakespeares play, Macbeth. I will be concentrating on the characters in the play that contribute to the evil themes of the play. It is clear from the start of the play that the witches are the main source of evil. The witches have an enormous effect on the play, not only are they evil, but this is emphasised by the strong feelings against witches and witchcraft in Elizabethan times. ConvictedRead More Supernatural in Shakespeares Macbeth - Beyond the Fair and Foul1059 Words   |  5 PagesMore to Macbeth than Fair and Foul      Ã‚  Ã‚   The statement Fair is foul, and foul is fair does not thoroughly express the many themes of Shakespeares Macbeth.   The first time this statement occurs is very early in the play, when the witches chant the exact line Fair is foul, and foul is fair(I.i.12) only for Macbeth to repeat it himself two scenes later.   This repetition of the lines shows that the characters themselves believe that there are many foul events taking place.   Firstly, one canRead MoreEssay about Witchcraft, Murder and Ghosts in Macbeth1142 Words   |  5 PagesWitchcraft, Murder and Ghosts in Macbeth       A notable point within Shakespeare’s play Macbeth is the use of the three witches in the opening scene.   The number of witches for a contemporary audience can go unnoticed.   However in the time that Shakespeare the symbolic meaning of the number three was important, as it symbolized unluckiness and when remembering the fear of the unnatural and being unlucky (epitomized by such historical events as the rage of witch trials within Britain).   ThisRead MoreSocial Context of Othello667 Words   |  3 PagesOn November 1, 1604, King James I and his court were the first to watch a production of William Shakespeare’s â€Å"Othello.† The famous playwright was in the midst of his tragedy period, penning such classics as â€Å"Hamlet,† â€Å"King Lear,† and â€Å"Macbeth.† The story of â€Å"Othello† has its roots in the historical events and cultural atmosphere of the late 16th and early 17th centuries. It was a common practice of playwrights at the time to borrow or lift plot ideas from other preexisting stories, and ShakespeareRead More Heart of Darkness versus MacBeth Essay1677 Words   |  7 Pages Heart of Darkness and MacBeth  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Joseph Conrad and William Shakespeare are not traditionally paired up for a critical analysis. However, the characters MacBeth and Kurtz in MacBeth and Heart of Darkness, respectively, prove to be worthy of comparison. MacBeth and Kurtz share many common characteristics: both have vaulting ambition that leads both to their success and their demise, a superiority complex, and both make similar sacrifices to achieve their goal. DespiteRead MoreWilliam Shakespeares The Tragedy of Macbeth1576 Words   |  7 Pagesthe suspenseful drama The Tragedy of Macbeth, William Shakespeare tells a tale of an overly ambitious nobleman’s sinful rise to power and his dreadful, deadly downfall. Macbeth, the main character and antagonist, begins the drama as a loyal captain. Duncan, the King of Scotland, praises Macbeth, declaring him as a â€Å"worthy gentleman† (I.ii.24). Later, three unnamed witches appear to Macbeth and his loyal friend Banquo, and the witches proph etically greet Macbeth as Thane of Glamis, Thane of Cawdor

Friday, May 15, 2020

Tavazo CO Essay - 2088 Words

Pan Boricua: Developing a Market Strategy For The Hispanic Market in the United States PAN BORICUA INC: A BRIEF OVERVIEW Pan Boricua Inc. was formed back in 2001 when Auriel Rivera and Franco came up with a plan to export Puerto Rican bread to the United States. Their major product was pan sobao which is bread that is known for its unique flavor and texture; and it’s made in Puerto Rico. An opportunity was identified when several Puerto Rican residents would take several pounds of pan sabao from local bakeries to the United States. The program included the export of frozen bread dough along with branded bread-loaf paper cover and merchandising at the point of sale. The initiative was aimed at cities in the United†¦show more content†¦Worldwide rise in the prices of fuel and key ingredients which in turn put pressure on the company’s profit margins. Could also potentially drive them out of business PORTER’S FIVE FORCES See Exhibit (b) in the Appendix section RIVALRY AMONGST EXISTING FIRMS - The baked goods industry in the United States is one that is highly competitive; especially once big stores such as Wal-Mart and entered. It is however important to note that â€Å"artisanal† baked goods hold 49% market share1. The market for bread was highly competitive with a number of barriers which stirred competitors away from traditional bread offering and explore the opportunities in niches such as gourmet and specialty breads. A variety of bakery products of Hispanic origin were also available in the United States. This meant that numerous bakeries had surfaced. When it comes to pan sobao however, Pan Boricua faced only one rival, Mi Pan Asociados. The rival had set up a system of â€Å"mini bakeries† that allowed supermarkets, gas stations and other retail establishments to sell fresh bread. In the United States, they also faced other competitors, such as the majority of U.S. retailers who had aisles dedicated to ethnic foods in their stores. In fact, some such as Wal-Mart and Kroger have also incorporated bakeries within the stores.Show MoreRelatedTavazo Case940 Words   |  4 PagesIn 2010, the Tavazo brothers were thinking about how to keep on growing and started to analyse opportunities for further expansion. One potential source of growth is represented by the chance of expanding its current business within Canada and Iran, through the retail or wholesale channels. One plus point of this strategy is that it would let the company to maintain the same organizational structure without introducing revolutionary changes, which would be costly to make. Indeed, focusing on theseRead MoreTavazo Company2034 Words   |  9 PagesINTRODUCTION The Tavazo company is a family-business which operates in the food industry. Started upon an entrepeunarial initiative in the 1930s in Iran, its business has been developed such as Tavazo now commercializes products such as dried fruits and nuts and operates in activities from growing to retailing. The development has also been geographical as it entered the Canadian market by 2010. Now considering further expansion, the company asks for recommendations to decide of its future strategy