Tuesday, August 20, 2019
Developing Business Through Human Resources I. Since time immemorial, human resources have played a vital role in managing people and magnifying their full potential. There are key insights to surpass in any inevitable business growth, decline or any dynamic changes in a management. Business Growth First, managers should have a clear comprehension of where the organization is headed. In order for HR to anticipate fundamental stages of improvement, transition and deal with necessary shifts, they need to be genuinely familiar with the strategy, values and vision. Secondly, values and goals should be the bedrock of the business. HR has a vital position to help preserving the vision of the leader and ingraining it in all aspects of managing employees. They have to make it a point that the processes in HR are coincides the way the business would like people to work on it every day. Third, HR can make the process simple. As the business grows, there is an inevitable need to embrace a more analytical approach and orient more processes. However, it is essential to find the harmony between fluidity and structure so that the spirit of cleverness and entrepreneurial are not undermined. Fourth, HR needs to strike the balance between preservation and evolution. We tend to get sentimental on what has always been however, management should let go of it and move on from business culture processes that no longer support its priorities. Lastly, HR management needs to lay foundations for the future. HR people are often caught up in an intense cycle of recruitment and barely have the time to glance to ponder at what styles they should be putting in place to arrange the future. Managers have to make sure that they are not fastened up in a short term results and miss the important opportunities to support longer term goals. Business Decline Through the years, reducing the workforce has been the standard come back to overcome in financial difficulty. Research has shown that layoffs are particularly devastating to employees and human aftermath of cutbacks costs an arm and a leg. While reduction in workforce are unavoidable, there are fascinating reasons why downsizing-related layoffs must nevertheless perceived as a managerial tool of absolute last resort. There are several Human Resource management practices that supports a declining business. HR needs to impose an immediate freeze in hiring on management and support staff. There are other important approaches could be use that is best for the situation such as imposing mandatory vacation, workweek reduction, overtime cut pay, salary reduction, temporary facility closure, and soliciting ideas of cost-reduction from employees. It is a vital task for a firm to determine which strategy fits to solve the problem of business decline. In order to effectively choose a downsizin g strategy, HR needs to properly connect a companyÃ¢â¬â¢s style of cost cutting with the cost reduction time frame. There are factors to consider that affects the selection of cost cutting strategy such as time, resources, budget, corporate culture, demographics, and labour market. Business Change As managers, there are roles one must consider to surpass change. HR needs to act as advocates by informing people the need for change and being positive about it. They also need to be supporters, by providing assistance and removing barriers. They could also act as motivator, by encouraging the change and providing reinforcement. One must be knowledgeable of the process in change by identifying the issue and solution, developing plan and solution, and introducing the solution and reinforcing the change. Business Competition The degree of competition in an organization affects the ability of the cgompany to recruit qualified employees. Applicants tend to seek large industries easily than with small businesses since they donÃ¢â¬â¢t have the same branding power or reputation. Given that scenario, HR department will need to focus on recruitment materials development, including the company in a job fair to attract people. Moreover, programs and benefits should be developed to retain key employees. Employee Development HR managementÃ¢â¬â¢s essential responsibility is to assist staff with their professional and career development. HR can achieve this by opening new doors of opportunity to enhance the knowledge, skills, abilities, tools, resources, and opportunities to be successful in their job and career. It can be achieved by providing on the job training and coaching, providing them feedback and performance goals, asking about and supporting their goals. It is true that the success of development would depend on the person however, the manager plays an important role in motivating, supporting, removing obstacles, and providing resources for their development. II. Internal Personnel Requirements Human resources officers promote, recommend on, and implement plan associated to the usage of employees within an organisation effectively. Their desire is to assure that the organisation hires the suitable people in terms of skills and experience, and that training and development opportunities are accessible to personnel to boost their achievement and attain the goals in the organization. HR officers are responsible in a range of activities needed by the organisation such as working ethics, recruitment, salary, terms of employment, external negotiation, and equality and diversity. Internal and External Factors in Matching Personnel to: Organisational Requirements Competition HR needs to look into developing materials in recruitment and attending job fairs for company promotion and attraction by the applicants. At the same time, incentives and programs should be developed to retain key employees. Compensation HR must continually evaluate the compensation structure and they must see to it that the internal salary style is fair. A good example would be, workers with good experience and with specialized qualification should get more salary than fresh graduates. Legalisation Legislation greatly affects all activities in HR. It dictates how long an organization should retain personnel records. Human Resource professionals must stay abreast of legislation and train managers on their responsibilities. Employee Relations Policies and procedures made internally has a great influence in HR activites. HR must ensure that people in the company receive appropriate training and development to be ready for promotion in the future. HR should also see to it the eligible employees for retirement and ensure well trained potential staff to avoid a sudden departure of business knowledge. References: http://iveybusinessjournal.com/topics/strategy/hr-strategies-that-can-take-the-sting-out-of-downsizing-related-layoffs#.VG6R5YuUeAV http://www.hrinz.org.nz/archive/conference04/presentations/Suzie_Sauer.pdf http://hrweb.berkeley.edu/toolkits/managers-supervisors/helping-employees-develop http://www.prospects.ac.uk/human_resources_officer_job_description.htm http://smallbusiness.chron.com/external-internal-environmental-factors-influencing-hr-activities-34745.html http://www.90days.co.nz/Boxall%20Purcell%20HR%20Strategy%20in%20Service%20sector.pdf http://www.focusintl.com/RBM152-066_Esra_Nemli1.pdf http://www.cipd.co.uk/hr-resources/factsheets/strategic-human-resource-management.aspx http://businesscasestudies.co.uk/tarmac/developing-a-human-resource-strategy/human-resource-management.html#axzz3K8C83mTf http://ugmconsulting.com/UGMResourceHumanCapitalStrategyCaseStudy.pdf Group Report Core Position of an Organization Human Resource Manager A great team of working professionals in an organization cannot be possible without the human resources. It has created a number of difference in enhancing the productivity of the employee. The main contribution of HR management to organizations are hiring and training the workforce, takes care of the performance management system, helps in building culture and values, manages conflict, and most importantly developing good relations. We chose the human resource manager as the core position within the organisation because it is the HR manager that leads, controls and directs the people. They are the most qualified and skilled people into the organisation to make a difference in enhancing the productivity of the employee and the organization. Core Values In Kindly Residential Care Homes, our HR management have the following core values to render effective and efficient services to employees, residents and other stakeholders. Leading Change It involves the capacity to bring about strategic change within and outside the Organization, to meet organizational goals. Essential to this qualification is the competence to create a vision in an organization and to implement it in a continuously dynamic environment. Creativity and Innovation External Awareness Flexibility Resilience Strategic Thinking Vision 2. Leading People This core qualification involves the ability to lead people toward meeting the organizations vision, mission, and goals. Inherent to this core qualification is the ability to provide an inclusive workplace that fosters the development of others, facilitates cooperation and teamwork, and supports constructive resolution of conflicts. Conflict Management Leveraging Diversity Developing Others Team Building Results Driven Accountability Customer Service Decisiveness Entrepreneurship Problem Solving Technical Credibility 3. Business Acumen This core qualification involves the ability to manage human, financial, and information resources strategically. Financial Management Human Capital Management Technology Management 4. Building Coalitions This core qualification involves the ability to build coalitions internally and with other Federal agencies, State and local governments, non-profit and private sector organizations, foreign governments, or international organizations to achieve common goals. Partnering Political Savvy Influencing/Negotiating
Monday, August 19, 2019
People are privileged to live in an advanced stage of development known as civilization. In a civilization, oneÃ¢â¬â¢s life is bound by rules that are meant to tame its savage natures. A humans possesses better qualities because the laws that we must follow instill order and stability within society. This observation, made by William Golding, dictates itself as one of the most important themes of Lord of the Flies. The novel demonstrates the great need for civilization ion in life because without it, people revert back to animalistic natures. When the children become stranded on the island, the rules of society no longer apply to them. Without the supervision of their parents or of the law, the primitive nature of the boys surfaces, and their lives begin to fall apart. The downfall starts with their refusal to gather things for survival. The initial reaction of the boys is to swim, run, jump, and play. They do not wish to build shelters, gather food, or keep a signal fire going. Consequently, the boys live without luxury that could have been obtained had they maintained a society on the island. Instead, these young boys take advantage of their freedom and life as they knew it deteriorates. The boys spark the onset of tragedy when the pig hunt evolves as more than just an activity. Jack and his band of hunters love the thrill of the chase. They spend much of their day searching the pig runs enjoying the brutality they cause on other living beings. This amusement is taken too far when Jack introduces face paint into the game. The face paint takes away the identities of the boys and transforms them into nameless savages. They hide behind the paint Ã¢â¬Å"liberated from shame and self-consciousnessÃ¢â¬ (Golding 64). JackÃ¢â¬â¢s mask overpowers the rest of the boys and they go off to hunt despite some discontent. Eventually, the painted warriors ready a fortress at one end of the island. This tribe brings nothing but death and destruction to the island. Moreover, the newly formed group of warriors even develop a dance that they perform over the carcass of the dead pig. They become so involved in this dance that that warriors kill one of their own kind. By chance, Simon runs from the forest towards the group that is already shouting Ã¢â¬Å"Ã¢â¬ËKill the beast! Cut his throat! Spill his blood!Ã¢â¬â¢Ã¢â¬ (152).
Sunday, August 18, 2019
Light and Darkness in The Scarlet Letter Ã Ã Ã Ã Ã Ã Ã Ã Ã Nathaniel Hawthorne's The Scarlet Letter is one of the most analyzed and most discussed literary works in American literature and for good reason.Ã Hawthorne's ambiguity and his intense use of symbols have made this work incredibly complex and incredibly bothersome.Ã In The Scarlet Letter, Nathaniel Hawthorne uses many symbols to give insight into characters and promote his views on society.Ã The scaffold scenes in The Scarlet Letter tell the reader exactly what is to come, and the presence of light in those scenes gives the reader insight into the characters. Ã Ã Ã Ã Ã Ã Ã Ã Ã The scaffold scenes establish a pattern of what is to come in the novel through a common tie prevalent in the three different scaffold scenes. Ã The tie is that of creation and release.Ã In the first scaffold scene, Hester releases not only her guilt about her crime, but, she also releases Pearl to the society and creates in Pearl the need for strength and determination that she will need to overcome the legacy of her creation. In this scene she also creates the need in Dimmesdale to absolve himself of his guilt.Ã The second scaffold scene is the opportunity for Dimmesdale to attempt to release his guilt from the first scaffold.Ã However, Pearl creates a need in Dimmesdale to repent in front of the town.Ã During the third scaffold scene, Dimmesdale is able to release his guilt about his crime and his lack of strength. He is also able to complete his obligation to accept the hands of Pearl and Hester on the platform from the second scaffold scene.Ã Through his confession, he creates a sense of reality for the entire town.Ã It can be clearly seen that what is created in the first scaffold is released in the second scaffold; while, the things created in the second scaffold are finally released in the third and final scaffold. Ã Ã Ã Ã Ã Ã Ã Ã Ã There is another complexity to the scaffold scenes in the presence, or lack there of, of lighting.Ã The first scaffold scene is in the sunlight. Ã The sunlight in this novel is a symbol of disguise.Ã In the sunlight of the first scaffold, Hester is shown as strong and determined.Ã She gives the appearance that the letter does not bother her.
Saturday, August 17, 2019
Knowledge can be gained through various means, the most important being reading the books. Experinced is also one of the important factor to gained the indepth knowledge. There has been always a controversy between the two about which one gives richer and broader view of knowledge. I personaly feel that this two are interrelated, in the sense one follows the other. Knowledge gained through reading the books is of no use unless and untill we implement it in our practical life. Implementing the knowledge is nothing but the experince gained through it. Books are the vast storage of knowledge. Numerous books are available on varied subject. One can gain indepth knowledge by reading varied books on that topic. This will give the individual broader and richer view on that topic. However, untill and unless he implement his knowledge in his practical life, the knowledge gained will be of no use. For instance, the Lawer has to read varied books during their professional life. He needs to know the broader and perspective view of each and every law he studies. But his knowledge will be of no use untill he implement it. It is through experince that he will come to know where to apply the particular law or any penal code. So his knowledge about law will follow the use of it in practical life. There are certain other example to support this point. An engineering student will use his knowledge gained through reading the books on engineering subject in an industry. Doctors, scientist, bureacrats, etc all needs to first go through books on their choosen subject and later on the knowledge gained through this will help them to implement it in day to day life. see more:why are books better than tv However, there are certain things which can be gained through years of experince. But in the long the term that may not be that much helpful. For instance, take the case of share broker who has a little knowledge about the stock exchange terms. However, his vast experince in the long term help him to cope up with all the ups and down in the share market. But his experince will be of a little help if he does not know some of the crucial terms and will put him in jeopardy. Such crucial terms can be gained through reading the books only and not through experinced. In sum, it is the experinced gained after reading the books that gives indepth knowledge of certain thing. Knowledge through books and experinced after that are process which follows one after another. Indepth knowledge about certain thing can be obtained after implementing your knowledge gained through reading books.
According to BucklandÃ¢â¬â¢s journal Information as Thing, information is situational. As such, it must be useful to a user in a particular situation to be considered relevant. The book Baby Bargains is both useful and relevant to all first-time parents in preparation for the upcoming addition to their household by providing guidance on how and where to buy quality baby necessities at a reasonable cost. Baby Bargains was first published and made available to the public in 1994 and has experienced an extended shelf life due to its updated editions.This now well-known work entered the information lifecycle some 13 years earlier destined to be updated and adapted for years to come. Baby Bargains has metamorphasized and gone through multiple adaptations with a companion television talk show and the addition of a website and blog. The Baby Bargains concept is a prime example of the dissemination, retrieval and use of relevant information. To understand its progression through the inform ation lifecycle it is helpful to examine how it fills an end userÃ¢â¬â¢s need, the birth of the first edition and subsquent publishing history as well as its eventual transformation into a website.Need My initial encounter with Baby Bargains occurred during my pregnancy in July of 2005, when I was given the book by a friend. Since it was the first child for my husband and myself, we were excited but at the same time apprehensive over our lack of knowledge. There are literally millions of couples with the same need for knowledge, as evidenced by the extreme popularity of nonfiction books regarding pregnancy, childbirth and preparation for a new baby. Creation Denise and Alan Fields, who co-wrote Baby Bargains, were first time parents at one time, too.Inspired by the birth of their own sons Ben and Jack, the Fields launched a consumer crusade to find the best deals for new parents and ultimately published Baby Bargains. Baby Bargains is a well-researched, comprehensive resource for parents-to-be. The authors combined their own experience with extensive investigation and interviews with more than a thousand first-time parents across the country to compile the information presented in the book. It provides insights into which baby products are top rated and which are not recommended due to price and/or dearth of function.Baby Bargains is organized into chapters categorized by type of product. Each chapter contains a list of items necessary for the expectant parent with easy-to-read charts that allows users to compare these products in terms of price, quality, brand name, and durability. The charts include a summary and brief explanation of the content of an item in an compact, uncomplicated format that is clear and provides an easy way for users to visualize the comparisons. According to Robert TaylorÃ¢â¬â¢s Ã¢â¬Å"Value Added ModelÃ¢â¬ , this book adds ACCESS 3 (subject summary) value by using charts.The chapters and their corresponding charts are quite com prehensive yet ergonomic for the average consumer. Publishing and dissemination Since the first edition of Baby Bargains was published in 1994, the popularity of the book garnered nearly instant notoriety for the Fields. The list of commercial marketing appearances the authors have enjoyed include features on Oprah, NBCÃ¢â¬â¢s Dateline, ABCÃ¢â¬â¢s 20/20, The Today Show as well as newspaper and magazine articles written about the couple and their book. Print editions of Baby Bargains now exceed 700,000 copies.In order to keep the information current, seven editions have been created with the addition of new products and updates on existing items. Revisions include current product values as well as reliability and validity results of the products tested. The authors strive to keep Baby Bargains as up-to-date as possible; about 30 Ã¢â¬â 40% of the content changes with each edition. These updates ensure the book remains current and a valuable resource to the end user. Retrieval a nd use According to Trent HillÃ¢â¬â¢s lecture on Knowledge Organization, metadata refers to document attributes, document structure, and relations between documents.Several pieces of metadata are attached to the book and website of Baby Bargains. The metadata used to describe the bookÃ¢â¬â¢s attributes include the title, authors (the Fields are well-known consumer writers), date, edition, description of illustrations, and call number. The websiteÃ¢â¬â¢s metadata is the web domain name (www. babybargains. com) and the fact that it is based on the Baby Bargains print edition. Modification and transformation In 1996, www. babybargains. com was formed to be a companion to, and include information from, the book.When viewed within the FRBR model, Baby Bargains encompasses a complex maze of works, expressions, manifestations, and items. Baby Bargains the book is a work and the companion website is an additional work; each has a unique theme and data. There is one example of an expre ssion of the book in its publication. The book has not been translated into other languages but each edition is published by Windsor Peak Press. There are seven manifestations of the book in the form of its prior updated editions, which are published roughly every two years.The Baby Bargains website consists of two overt expressions. One of these is the information that paralells the book and the other expression is the blog which provides current news on baby products including safety recalls and price changes. Bonus material and a message board for usersÃ¢â¬â¢ interaction complete the comprehensive nature of the website. When each new edition of Baby Bargains is released, registered website users are encouraged to read the updated version of the book in order to obtain the latest information due to changes of content.This has worked well for the Fields as being an inexpensive yet effective method for informing users about updates and and changes to the print version. A blog link was also added to the website, giving the authors yet another forum for advertising new editions and updates in a timely manner. A message board on the site links users and provides a forum for asking questions and receiving answers, opening the lines of communication between parties with a shared interest. Collection Baby Bargains is a piece from the collections of both public and personal libraries.It is also available through the University of Washington library catalog system. The print book is not owned by the University library nor the summit libraries although it can be obtained through interlibrary loan. According to Matt SaxtonÃ¢â¬â¢s lecture on Ã¢â¬Å"What is a Collection? Ã¢â¬ , a collection has certain information for certain audiences. Baby Bargains is not an ordinary part of an academic libraryÃ¢â¬â¢s collection since these institutions do not collect what is considered to be a consumer book. Searching for this workI obtained the work Baby Bargains very easily Ã ¢â¬â through a friend of mine during my pregnancy. It is available in a large variety of bookstores and can be located without any searching effort or retrieval process. Editions of Baby Bargains starting with the 4th and continuing through the current edition are easily accessed through the public library catalog system where they can be directly compared side by side. The Baby Bargains website and blog comes up quickly and easily within the first two listings by using the online search engine Google. ClosingThis assignment caused me to think in fresh ways about how information is disseminated and updated. I feel I was challenged to examine the meaning and purpose of metadata in information systems, as well as the process by which information becomes a work, an expression, and a manifestation. The information lifecycle provides a valuable framework for understanding information such as that which is contained in Baby Bargains throughout its development and as a whole. It is part iculalry useful as a foundation upon which to build my study of library and information science.
Friday, August 16, 2019
Audience Purpose: Some of you in the audience may also be recovering addicts or know someone who Is struggling with drug adulation. America Is a nation full of addicts to be blunt 90% of all cocaine that enters the united States Is smuggled through our southern border by the Mexican drug cartels. Those same cartels are responsible for 80% of the methamphetamine manufacturing here in the united States as well as Mexico. Addiction has been an increasing problem for Americans for many years now.Thesis: The Mexican president Feline Caldron's war on drugs has seen some regress, but it has come at a heavy price to the people who live there and the neighboring countries. Development Plan: First I Like to Inform you about the violence that has left the Mexican government struggling against the Mexican drug cartels, for control of several regions in Mexico and why Mexican officials have been unable to restore peace to their country.Secondly, as this war on drugs rages out of control it has be gun to affect more than just Mexico and I'd like to tell you what our government and the Mexican government are doing to combat the ongoing violence. Transition Body l. In December of 2006, Mexico new President Feline Cauldron declared war on the drug cartels, and made attempts to put an end to the corruption that had plagued Mexico police force, however, to date, both of these efforts have been only marginally affected, and the flow of illegal drugs continues into the U. S. A.
Thursday, August 15, 2019
Running a company often centers on the idea of considering both positive and negative factors in order to then hand down executive decisions accordingly. To best understand the strengths and weakness of any given company, one must understand its base operations and the scope of industry in which the firm exists. In doing so, one would have a bigger picture of how the company operates and how success has been fostered in, as well as highlight in areas in which the organization could stand to see improvement. In this vein, a full analysis of General Electric was conducted, which includes an overview of the company including background and position in the manufacturing industry, as well as insight into the companyÃ¢â¬â¢s management structure. Additionally, the companyÃ¢â¬â¢s financials will be examined so that a recommendation can be made. Overview of Company According to the company website (2014) General ElectricÃ¢â¬â¢s slogan is Ã¢â¬Å"Imagination at WorkÃ¢â¬ and to this extent, the organization has been fostering in imagination for quite some time. According to the research, the company was founded in 1878 by Thomas Edison in Menlo Park. Edison is most notable for inventing the light bulb, and as such, this corporation is one of the largest companies on Earth more than a hundred years later (General Electric, 2014). After getting its start in the 1800s the company, being a leader in the industry of manufacturing and resting solely on the idea of innovation and inventions, began to manufacture different items across a wide variety of industries. According to the GE company website (2014) these inventions were primarily EdisonÃ¢â¬â¢s own, and by the early 1900s the company, even against the Great Depression, the organization continued to make appliances for the home, delved into aviation technology, and began to further expand into new markets. As the research notes, because of this the company began to break up into several subdivisions such as GE Consumer Finance or GE energy in order to fully control its wide scope of offerings (General Electric, 2014). By the 2000s, the corporate website notes that the company further expanded into new markets, both online and for various infrastructures and industries around the world. Today, the company hasÃ also delved into clean energy technology and pulls in an estimated $2 billion for electronics and home appliance sales alone (General Electric, 2014). Management Structure Looking to research conducted by Abetti (2011) one can see that the organization has one of the most complex management structures of all major conglomerates. In addition, as the company website (2014) points out, this structure has been in effect since the 1920s and instead of reevaluating this system; the company has only expanded upon it. According to Abetti (2011) at the top of the management structure, governing all areas is the Chairman and CEO, as well as the board of directors. Next, according to the research are two specific divisions: external and internal company functions. Internally, the company has global research, human resources, and its finance department, while externally; the company has commercial and public relations, business development, and its legal department. As noted by the company website (2014) next the company has its specific divisions or sectors, which this breakup is most notable for. These are as followed: Global Growth and Operations, Energy, Capital, home and Business Solutions, Healthcare, Aviation, and Transportation. It should be noted that each of these organizations exist as their own subdivision and entity, following the GE name. For instance, there is GE Energy, GE Home & Business Solutions, and so forth. This kind of management structure is beneficial to the company in two different ways. To start, it allows the organization to have each subdivision hand down its own division and be more or less contained within its own scope of industry, however, it also ensures that a high level of guidance will still ensure that upper-management is still well aware of what kind of decisions and operations these subdivisions will invest into. In this vein, according to research that has been conducted by Souraj (2010) each of these divisions utilize a lean manufacturing type of approach in order to ensure that all waste is eliminated and the sectors are utilizing the resources to the fullest. This ensures that the company is being cost effective in its approach and it allows the company to be innovative, without creating the potential problem of being extremely wasteful, which would then cut back on the organizationÃ¢â¬â¢s profitability (Souraj, 2010). Moreover, each division also utilizes a six sigma approach in order to achieve near perfection. Essentially, this process rests on considering how each sector is doing in its own industry. For instance, despite the fact that GE Energy has seen slowed economic growth, this does not mean that GE Home & Business Solutions has as well. As such, utilizing a six sigma approach will allow the organization to consider the needs and goals of GE Energy before planning for solutions accordingly. Financial Overview According to research that has been drafted by Abetti (2011) by the year 2000 Ã¢â¬Å"General Electric was the worldÃ¢â¬â¢s most valuable company with a market capitalization of $520 billion.Ã¢â¬ However, as the research points out, by 2008, after the U.S. recession led to a national economic downtown this figure had fallen 69% percent to $163 billion (Abetti, 2011). In addition, the global financial system has been equally a cause of concern and if one can consider the U.S. economic downturn the cause of the decrease in market capitalization, the worldÃ¢â¬â¢s economy is the factor that has kept the companyÃ¢â¬â¢s overall financial state lower than usual (Abetti, 2011). Although, the research points out that the organization has began to see a small increase, and thus, the company has hopes that these numbers will turn around, growth and expansion has not been seen as it had prior to 2008 (Abetti, 2011). This is largely attributed to the belief that the worldÃ¢â¬â¢s financial system will see an upwards swing as a natural flow and with the idea that expansion can be considered a way for the company to cut back losses in some areas, while gaining them in others. According to research conducted by Abetti (2011) this line of thinking will not lead to the company to success and instead the company should Ã¢â¬Å"go back to GEÃ¢â¬â¢s traditional core competencies and divest non-core businesses.Ã¢â¬ Moreover, the company should also expand its globalization efforts, rebuild trust between employees and the company, strengthen financial and auditing function authority, and continue to invest in R & D. Although, many of these considerations are subjective, they bear a great deal of consideration when examining the companyÃ¢â¬â¢s financials going forward. Conclusion General Electric remains one of the largest companies in the world, despite some of the misgivings mentioned previously. The company has a number of strengths including a diverse portfolio, existing in a wide range of industries, and its ability to be industry-leaders when it comes to innovation and gauging what products will be a success in the future. With this in mind, however, one recommendation that can be made to the company, based on the available research is for the organization to focus on current offerings, rather than continue to seek after non-traditional competencies. Moreover, the company must consider R & D efforts in order to continue to be the forbearers in innovation and creativity. Doing so will open the company to new markets, rather than the company attempting to slip into them and then compete with others in the market as a smaller entrant. If the company commits to these factors than there remains little doubt that General Electric will go back to being one of the worldÃ¢â¬â¢s most valuable and innovative companies. References Abetti, P.A. (2011). General Electric at the crossroads: the end of the last US conglomerate? International Journal of Technology Management, 54(4), 345-368. General Electric. (2014). From Inspiration to Industry. Retrieved from http://www.ge.com/about-us/history/1878-1904. Souraj, S. (2010). The integration of Six Sigma and Lean Management. International Journal of Lean Six Sigma, 2040-4166.