Complete a Needs Assessment by submitting a MINIMUM 700 words paper discussing the client’s needs with relation to the management problem you are studying.
- What is the problem?
- How is the desired performance related to the current performance?
- How does the desired performance relate to the mission statement?
- Is the problem organization-wide or isolated to one or a few individuals?
- Have organizational initiatives created the problem?
- Does the problem relate to individual performance issues?
- Is training adequate to support the desired outcome?
- Is the issue related to job design?
- What criteria are used to measure performance?
- Is performance criteria appropriate, i.e. attainable and measurable?
This list is not all inclusive and is a guide to support you when completing a Needs Assessment. They are provided to help you get started and inspire questions to explore.
THIS IS A CONTINUATION FROM THE PREVIOUS ASSIGNMENT ATTACHED BELOW. NO PLAGIARISM, NOT EVEN 5%. NO GRAMMATICAL ERRORS.
Running Head: IDENTIFY THE CLIENT AND THE PROBLEM 1
IDENTIFY THE CLIENT AND THE PROBLEM
Identify the Client and Problem
The identified problem is the financial constraints. This firm has attained a noticeable growth over the years. This indicates that the management of this company has put in place the realistic, sustainable growth. The administration of the woodman’s market has been shying away from the debt financing, and this can only be witnessed by the slow and gradual development of this firm. Even though this a company owned by the employees, due to the financial problems it has eliminated the mental health coverage. The main reason behind this is that the management believes that the patients could rack up the free costs for the organization (Dan, 2011). With the increasing competition with other firms that produce similar products like this business, survival about the financial crisis among other challenging factors are the principal threats to this organization. The problems such as the financial constraints always restrict the numerous carefully planned endeavors by the Woodman’s market.
There have been efforts by the Woodman’s market to overcome this challenge. Woodman’s market has tried to endorse a far-sighted financial concept that is aimed at preventing this cooperation from sourcing through reliance on the debt financing at any one moment. Mostly, debt financial sources seem to be the cheapest source of finance in addition to the retained earnings or the shareholder monies. Nevertheless, retained earnings depend on the size of the firm, the gained revenue within any particular financial periods as well as the regular spending within an organization.
After the consultations with the management of the Woodman’s market firm, it is evident that the retained earnings are only capable of financing partly some portions of the organization’s development. In some situations, the expansion of the projects being undertaken in this organization can only last for four years, and therefore, this prevents the organization from growing. This is likely to be witnessed despite some of the competing organizations being able to permeate the localities where Woodman’s market is situated to market its products to the clients (Lawrence, 2013).
Usually, the stakeholders of the Woodman’s market are restrained to the minimal members are the right to dissolving the membership structure is reserved for the management. This, therefore, shows that this firm is not in a position to float additional shares into the marketing which averts the dissolving the conventional structure of the organizational ownership.
This problem of the finance is a long overdue, and it dates back to the years when the interest rates were skyrocketing. Most of the current firms whose financing comes from the total debt thrive well as compared to Woodman’s market thus creating a dynamic structure of the market. Due to the uncontrolled development of this organization, this company is unlikely to flourish into the foreseeable future since there is a continuous shedding of the consumer (Vere & Kleiner, 2007).
The structure of the decision made by the management worsens the not able to be forfeited situation because it consists of the old aged directors. This implies that the primordial state of mind on the odd occasion brings about fresh ideas as the leaders lack these skills, knowledge, as well as the training required to exploit informed decision making. This impending problem from its initial stages is likely to produce a full blown tussle thus causing the firm to collapse.
To overcome this challenge, Woodman’s market must redesign it’s financial as well as the leadership structure. It is imperative that Woodman’s market beautify well-timed development by venturing into the different markets looking for the opportunities of increasing its dominance in the market share as well as the returns. When this is done, Woodman’s market would be capable of paying off the debt in a timely fashion thus increasing its resource base and controlling the general sections of the worldwide market.
The leadership structure as part of the issue to be addressed needs an overhaul to integrate even more modern innovators who will be in a position to maneuver the Woodman’s market into a new business level. Vital decision making is a significant factor in the firm and it this organization entrenches the new directors; the sustainable growth both short-lasting and long-lasting will remain to be anticipated.
References Dan, C. (2011). Protestors call on Woodman’s to return mental health coverage. WKOW . Lawrence, P. (2013). Enterprise in action: a guide to entrepreneurship. New York: Wiley. Vere, S. L., & Kleiner, B. H. (2007). Practices of excellent companies in the retail industry. Managing service quality, 7 (1), 34-38.