Essay on Strategic Compensation - 975 Words

The Fit Shop The Fit Shop Ltd. is a brand new firm that will open its doors exactly four months from today. Its business objective is to sell all types of training, fitness, conditioning, and exercise equipment to the general public. The Fit Stop plans to specialize in this equipment and to provide customers with personalized advice geared to a customers specific training or conditioning needs (e.g. training for a particular sport, rehabilitation from injuries, strengthening of specific muscle groups to deal with back pain, general conditioning and fitness), regardless of the age of the customer. In order to provide high quality advice, each store will employ a physiotherapist (to provide advice on problems such as injuries or†¦show more content†¦Because of the high level of training required virtually all employees will be full time. The exception will be students who are enrolled in physiotherapy or kinesiology, will be employed on a part time basis. The founder of the business is Susan Superfit, who has an undergraduate degree in both kinesiology and commerce from the University of Saskatchewan. While at university, she participated in numerous sports (and suffered frequent injuries due to her all-out style of play). She came up with the idea for this business while laid up with one of her injuries. While there were businesses that sold fitness and conditioning equipment, she often found that the people selling them had very limited knowledge about the products and often gave poor advice on what to buy and how to use it. She has secured funding from private investors and venture capitalist. In order to get volume discounts on the equipment that she will be purchasing and to beat competitors in the marketplace, she wants to start with stores in major cities in Ontario and the four western provinces before expanding into Quebec and the Atlantic provinces. She knows that this is a risky strategy, and that cost control will be essential to keep the business going long enough to become well known and develop a stable clientele. Susan does not expect the business to make a profit for a least a few years. Her mainShow MoreRelatedStrategic Compensation Henderson Printing1356 Words   |  6 Pagesï » ¿ Strategic Compensation Henderson Printing June 12 2012 Case Study Henderson Printing As a component of the structural variables in the organization of Henderson Printing the reward system is archaic and ineffective at best, it is therefore important to understand the contextual variables affecting Henderson that will determine the most appropriate managerial strategy for this organization. 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Med terms Free Essays

By defining the word elements, one could define the medical words. Learning to combine and recombine the word elements into medical words is an integral component for those enrolling or practicing in the medical field. Word elements include prefixes, suffixes, and root or stem words. We will write a custom essay sample on Med terms or any similar topic only for you Order Now The stem or root word usually denotes the body part. Prefixes are placed before a root or stem word to modify the root or stem. Suffixes are placed at the end of a root or stem word to explain what is happening to the root or stem word. Below are examples of medical terms: Biology is the study of life and living things and bi/o means life; the o/logy means study of, when it is at the end of a word. Biolysis means the chemical decomposition of living tissue by the action of living organisms; lysis means decomposition, setting free, separation, destruction; thus, biolysis Cardiomegaly means enlargement of the heart; megaly means to enlarge; thus, cardiomegaly Neurotome means a fine knife used in the division of a nerve; -tom means to cut;-e means instrument (in this word) and/or noun marker; thus, neurotome. Pathoanatomy means the anatomical pathology; Path/o means disease, feeling, or suffering; thus, anatomy is the study of the structure of living organisms.[1] With the complexity of functions in the clinical area, it is imperative that a health care provider or those pertaining to the health team should know and understand these terms for easy accessibility and continuity of work. The use of medical terms has become the language in the clinical area, and so every health provider should understand in order to ensure that there is healthy communication between him and the client and within the health team. With the right knowledge and understanding of these medical terms, it is easier for the physician, or the nurse, or any health care giver to administer diagnoses and interventions and let the responsible subordinates carry out the task. The use of these terms is standardized which promotes integrity and clarity of information in the clinical area. Therefore, it is a must that there should be sufficient knowledge on these to promote optimum and faster delivery of care. [1] http://www.delmarlearning.com/companions/content/0766804917/script/sections1-18.pdf#search=’medical%20word%20elements’ Â   How to cite Med terms, Essay examples

Social Media Research Centre Project Management Free Sample

Question: As the Project Manager you are required to present an Initial Project Report to the Project Sponsor that shows how you propose to Implement this Project. As the Project Manager you may make any assumptions you think are Necessary. Answer: Project Charter Project Title Title of the Project: Social Media Research Centre Project Manager Details PManager PManager@smrc.com Duration Eight months Project Budget - High Level The overall budget that would be assigned to the project team for the completion of the project activities will be AUD 50,000. There are many costs that will be involved with the project such as the ones associated with design, resources, tools, equipment, testing, closure, implementation and likewise (Focacci, 2011). Project Objectives The main objectives of the project will be to set up a web site for having an online presence for the social media research centre (Mallery, 2011). High Level Project Scope The web site for social media research centre shall include the design details and developmental aspects as per the project specifications. There shall be adequate utilization of information sources for data collection. Access control, identity management and authentication features shall be implemented in the application. The web site shall have the system qualities as performance, availability, reliability and adaptability. Deliverables to be Submitted by the Project Team Project Charter: Document describing the information and activities covered by the project team in the initiation phase including high level view of budget, scope, duties, deliverables and stakeholders. Communication Plan: Deliverable would provide information on purpose of communication and the approach of the same (Cho, 2016) Project Plan: Planning details associated with the resources, scope, budget, time and risks will be included in this deliverable. Application Design: Design in terms of wireframes and UI/UX aspects Application Code: Web sites Source code Defect Report: Defects found in the testing phase covering all the parameters and attributes of the defects Completion Report: Final closure report of the project Benefits The web site will offer an integrated and collaborated platform for accessing and viewing the details on the research projects and topics which would provide advantages to the organization in terms of goodwill, competitive gain and customer base (Dutot, 2016). Set of Limitations Project of the web site development and implementation will not cover the negotiation and advertising activities. Measurable Organizational Value (MOV) of the Project Impacted Areas Organization The highest impact will be on the organization as new values will be created and customer base will expand. Customer There will be impact on the customers as the functionalities and features on the web site will benefit the activities associated with selection and research work. Social The parties linked with the organization will benefit as there will be new values created. Financial Technical costs, operational costs and cost of resources will reduce. Strategy Automation will be introduced in the organization processes leading to positive impact. Values Name of the Parameter Value that will be added Better Performance and goodwill in the market Faster Time to handle exceptions Query and error handling Cheaper Resource Costs Technical and Operational Costs Do more Fulfillment of customer expectations Expansion of the organizational services MOV Metric Stakeholder Set of Expectations Target Sponsor of the project Better goodwill and performance in the market Increase by 29% Research Students Better query handling and integrated and collaborated information Increase by 39% Third parties Reduction in technical, staffing and operational costs Decrease by 25% Research Guides Better query handling and integrated and collaborated information Increase by 39% Employees Automation of activities Increase by 81% Acceptance Criteria The dates of the deliverables that have been specified above are as listed below. Project Charter: 5th May 2017 Communication Plan: 6th June 2017 Project Plan: 6th June 2017 Application Design: 17th July 2017 Application Code: 18th September 2017 Defect Report: 20th October 2017 Completion Report:5st December 2017 The project would be considered as a success only if the entire duration would fall under a period of eight months and budget under AUD 50000. Assumptions Constraints Duration of the project shall be eight months Budget of the project shall be under AUD 50,000. Availability of the team members shall be 48 hours per week. Stakeholder List Sponsor Third parties: vendors and suppliers End Users Project Manager Development Expert Design Expert Security Tester Implementation Analyst Technical Associate Application Tester Lessons Learned Projects that are similar to the web site development of social media research centre have been observed to fail because of the reasons associated with poor management and inadequate leadership leading to the major risks associated with time and budget along with resources (Nelson, 2005). The allocation of the project resources and management will be done as per the skill sets and experience in this case to avoid any of such risks (Maravilhas, 2016) Also, an amalgamation of reviews and inspections will also be included to verify and validate the project. Charter Sign Off Sign off on the charter will be provided by the sponsor. Communication Plan Purpose The communication plan will be designed and distributed in the project planning phase with the purpose to enhance the communication activities and incorporate the qualities such as clarity and ease of understanding in the project. Sponsor The communication with sponsor will be maintained during the entire lifecycle of the project through the modes of communication such as teleconferencing and emails along with exchange of weekly reports on the project progress (Williams, Lewis, 2008). Project Team The communication with the project team will be the accountability of the manager and there will be exchange of reports, setting up of meeting, one on one discussions and group discussions organized for the same. Third Parties Third parties will be contacted once a week to provide them information on the project progress through the medium of progress and status reports. End Users Developed application will be released and provided to the end users (Papulova, 2016). Information to be Shared A variety of information will be shared during the lifecycle of the project covering details such as specifications of the project, progress details, defects in the developed application, guidelines, ethical standards, quality standards, change requests and deliverable details. Frequency of Exchanged Information Progress reports: Daily and weekly to the Project Manager and weekly to the sponsor and third parties Team meetings and group discussions: Daily between internal members and weekly between Project Manager and external parties One on One Discussions: Weekly basis Location of Exchanged Information The documents, reports, meeting notes and other media will be placed on the common SharePoint location. The rest of the information will be exchanged and placed on emails and local communicators. Communication Purpose The communication plan will be designed and distributed in the project planning phase with the purpose to enhance the communication activities and incorporate the qualities such as clarity and ease of understanding in the project (Wilson, 2004). Mechanism for Communication Communication with external parties will be organized and executed with the use of teleconferencing mediums and emails. Internal communications will be executed using tele-media and meetings rooms. Change Management It is being assumed that the requirements of the project will remain static during the entire lifecycle of the project. However, there are numerous uncertainties and risks that are associated in terms of the project changes (Brady, 2008). These changes may come up in the form of project specifications, budget, time along with the expectations of the customers. The management of these changes will therefore take place in an organized manner by following the cycle as definition, approval, management implementation and review. Meeting Agenda Meetings will play a major role in the project and will have the agenda to communicate the project information to the internal and external parties. References Brady, M. (2008). Analysis of a public sector organizational unit using strategic and operational analysis tools. Knowledge And Process Management, 15(2), 140-149. https://dx.doi.org/10.1002/kpm.305 Cho, S. (2016). Raising Seoul's global competitiveness: developing key performance indicators. Journal Of Public Affairs. https://dx.doi.org/10.1002/pa.1628 Dutot, V. (2016). Social media and business intelligence: defining and understanding social media intelligence. Journal Of Decision Systems, 25(3), 191-192. https://dx.doi.org/10.1080/12460125.2016.1187704 Focacci, A. (2011). Corporate Social Responsibility performance assessment by using a linear combination of key indicators. International Journal Of Business Governance And Ethics, 6(2), 183. https://dx.doi.org/10.1504/ijbge.2011.039968 Mallery, M. (2011). Project Management Portal (PMP) from the University of Washington Information Technology Wiki - https://wiki.cac.washington.edu/display/pmportal/Project+Management+Portal. Technical Services Quarterly, 28(3), 365-367. https://dx.doi.org/10.1080/07317131.2011.574546 Maravilhas, S. (2016). Social Media Intelligence for Business. International Journal Of Organizational And Collective Intelligence, 6(4), 19-44. https://dx.doi.org/10.4018/ijoci.2016100102 Nelson, J. (2005). Corporate governance practices, CEO characteristics and firm performance. Journal Of Corporate Finance, 11(1-2), 197-228. https://dx.doi.org/10.1016/j.jcorpfin.2003.07.001 Papulova, Z. (2016). Role of Strategic Analysis in Strategic Decision-Making. Procedia Economics And Finance, 39, 571-579. https://dx.doi.org/10.1016/s2212-5671(16)30301-x Williams, W., Lewis, D. (2008). Strategic management tools and public sector management. Public Management Review, 10(5), 653-671. https://dx.doi.org/10.1080/14719030802264382 Wilson, A. (2004). How process defines performance management. International Journal Of Productivity And Performance Management, 53(3), 261-267. https://dx.doi.org/10.1108/174104004105237