Thursday, February 27, 2020

Virgin group and diversification strategies Article

Virgin group and diversification strategies - Article Example ly on the services to the customers, but beliefs in the value added services to the customers, they further appreciated Virgin Group for categorization of its customers into different groups, and its success in offering services of extreme variance to the customers, the aspirations and expectations of each customer has been incorporated into the diversified range of services and offers provided by the Virgin Group. Debates There is common understanding among the analysts that is 'the Virgin Group is one of those organizations where diversification has almost become a brand value in itself' (Robert, 2004). The diversification strategies adopted by the group has been responsible for the phenomenal rise in the Virgin Group's revenue, 'the sheer volume of the Virgin Group's revenues provide illustration of just how effective a diversification strategy can be in driving growth' (Robert, 2004). The Virgin Group has adopted a simple technique which is responsible for its phenomenal growth i.e. 'over-arching brand into new business areas'. It has been normally observed that when the companies are involved in different set of services, such companies launch different names for their services, however in the case of Virgin Group it's the common name which is also attributed with the success. The launch of different services and schemes under common banner has played vital role, and is regarded as crucial among t he diversification strategy. It has been observed that different companies have launched different trading names, but Virgin Group has tried to refrain itself from such scheme, it has avoided the formation of different subsidiary units and companies only 'being tailored for the market in question' (Robert, 2004). Virgin Group has successfully carried out its... There is common understanding among the analysts that is 'the Virgin Group is one of those organizations where diversification has almost become a brand value in itself' (Robert, 2004). The diversification strategies adopted by the group has been responsible for the phenomenal rise in the Virgin Group's revenue, 'the sheer volume of the Virgin Group's revenues provide illustration of just how effective a diversification strategy can be in driving growth' (Robert, 2004). The Virgin Group has adopted a simple technique which is responsible for its phenomenal growth i.e. ‘over-arching brand into new business areas'. It has been normally observed that when the companies are involved in different set of services, such companies launch different names for their services, however in the case of Virgin Group it’s the common name which is also attributed with the success. The launch of different services and schemes under common banner has played vital role, and is regarded as cr ucial among the diversification strategy. It has been observed that different companies have launched different trading names, but Virgin Group has tried to refrain itself from such scheme, it has avoided the formation of different subsidiary units and companies only 'being tailored for the market in question'. Virgin Group has successfully carried out its diversification schemes and operations under common name, the Virgin Group has ignored and avoided d previous such corporate practices where 'many entrepreneurs prefer to establish new businesses.

Tuesday, February 11, 2020

If employee involvement and participation were used effectively by Essay

If employee involvement and participation were used effectively by organistions many conflicts would never occur - Essay Example company’s production output efficiency as well as employee’s commitment in attaining the organizational goal and overall financial success of the business. (Bryson, 1999) Basically, increasing a company’s production output contributes a lot of savings in terms of being able to maximize the company’s fixed costs. Eventually, a higher production rate increases the company’s profitability from the sales of products and services. With regards to the practice of employee involvement, several authors have noted that each type of employee involvement technique or a combination of these techniques have different effects on employee’s performance. (Cabrera, Ortega, & Cabrera, 2003; McNabb & Whitfield, 1998) In line with the purpose of this study, HR student will first define the meaning of employee involvement. Given that each type of employee involvement technique or a combination of these techniques have different effects on employee’s performance, there is a need for the HR student to identify and discuss the different types of employee involvement and participation techniques including the significance of reward systems in terms of solving organizational conflicts that could hinder the attainability of organizational goals and objectives. Eventually, the benefits of employee involvement and participation will be thoroughly discussed. Prior to conclusion, the HR student will discuss some of the challenges that human resource managers will be facing when implementing employee involvement and participation including the recommended ways on how human resource managers could implement employee involvement and participation in order to solve organization conflicts. Employee involvement is considered as â€Å"the voluntary employer-led initiatives that are designed to encourage more active employee to participate in the business organization.† (Caldwell, 1993) Among the long list of benefits associated with the implementation of employee involvement and