Supervisory roles Essay Example | Topics and Well Written Essays - 750 words

Supervisory roles - Essay Example Because the interviewee held a supervisory role at a local bookstore, there were around 15 employees that he has been supervising. The management responsibilities of a store supervisor initially revolve around the selection, hiring, and training of new employees. When these staff members have undergone the proper training and preparations for work, the store supervisor handles the responsibility for developing the schedule for staff members on a weekly or monthly basis. Because the store employs a number of sales clerks, to manage the schedule has always involved the consideration of the availability and work patterns of every personnel. Moreover, when staff members report for work, it is the job of the supervisor to establish clear communications regarding the tasks assigned for every employee as well as monitor and observe the members’ work habits. This can help ensure that their performance is satisfactory and can contribute to the store’s long-term success (Chan and Soong 22). If a store employee is incapable of accomplishing the tasks assigned by the store supervisor, the latter should then articulate the problem to the concerned employee and its possible outcomes. Probation and termination are common repercussions brought about by incompetent work; however, it is also essential that the store supervisor assists employees in identifying and practicing the measures for improving performance. On the whole, the nature of a store supervisor’s job is focused on the supervisory of service flow within the store and provision of assistance for store employees to ensure that all tasks are accomplished and a satisfactory performance is obtained. According to the interviewee, their store’s education and training requirements for store supervisors include a 2 to 3-year experience of working in similar stores and should demonstrate knowledge and ability in supervising a store, training individuals, communication, and store operations. Moral conduct and positive attitudes should also be exemplified. Nonetheless, despite the requirements necessary to become a store supervisor, further training had been provided to the store’s members, from floor employees to store supervisors and managers, to ensure high levels of performance. My interviewee had undergone training to improve worker competency with which they were provided with information and tools as a means of enhancing skills and knowledge. Certain strategies were used, including structured conferences, worker self-rating, and provision of personal feedback. An action plan had also been provided to ensure that all short-term and long-term goals and objectives were clearly outlined. For my interviewee, he believes that the three most important characteristics of a good supervisor are to be an effective administrator, an active educator, and a sincere supporter. He should be able to have clear expectations of the work in adherence to performance standards that ha ve been clearly defined and should accept the authority and power in a non-authoritarian manner. Procedures should also be clearly structured and constructive feedback must be effectively provided to workers, such as confrontation during the appropriate time as well as an honest and critical advice in such a way that the employees can be assisted in developing strength and independence. There was a time when he hired two new cashiers who had been employed part-time while attending school to finish

Irish Pub in rome Case Study Example | Topics and Well Written Essays - 2250 words

Irish Pub in rome - Case Study Example Another essential step in the process would be identifying potential suppliers of refurbishing materials as well as bar and kitchen supplies, so that the bar can be well stocked up before it opens. Cost assumptions would need to be made on the basis of estimations about the prices of materials available from suppliers. The last stage of the project would involve the promotional activities associated with setting up the Irish bar in Rome and based upon the list of activities as identified above, the Work break down structure has been derived below: At the outset, the scope of the project needs to be defined. This is to be followed up by a plan of action whereby three steps must be executed at the same time, namely (a) liaising with authorities to procure the necessary licenses (b) determining the team members to form a part of the core team and (c) finding out the local suppliers of building materials and supplies. Each of these tasks links to related tasks, as shown in the WBS chart below: The Work breakdown structures are used to make complex projects more manageable by breaking them down into work segments that can be more effectively estimated in terms of costs and time frames and also supervised effectively (www.brighthub.com). The WBS has the advantage of listing out all the tasks that need to be completed in connection with the project and arranging them in a framework that allows the facility of viewing the entire project in an encapsulated form , wherein each sequence contains a list of tasks that fall into that particular category. The objective of this project is to set up an Irish bar in Rome, which not only offers food and drinks but also provides music and entertainment. The proposal seeks to develop this pub within premises that will be leased or purchased; however in either case, it would be necessary to make some structural and design changes in order to transform it

The Keys Stages in the Capital Investment Decision-Making Process Essay

The Keys Stages in the Capital Investment Decision-Making Process - Essay Example This research will begin with the identifying investment opportunities. Once the capital investment strategy and budgetary processes are developed, the remaining process hinges on the generation of good investment ideas.   Projects do not exist merely to be discerned, rather opportunities for investment need to be highlighted or created, and subsequently exploited.   Initial investigation of the proposal pursues highlighting the projects’ feasibility (both technically and commercially). The origination of the proposal can come either from laid mechanisms that the entity has established to scan the environment for investment opportunities; technological developments/changes; or from those working in technical positions. Investment opportunities or proposals could emanate from analysis of strategic choices, an investigation of the present business environment, research and development, or legal requirements. A two-stage decision approach can be an effective way of encouragin g investment ideas whereby, first, organizational personnel is encouraged to advance any preliminary undeveloped ideas that they have. The advanced ideas are then reviewed in the first stage and those that fail feasibility test screened out using decision criteria. The most promising ideas continue to the next stage whereby thorough financial and strategic appraisals are undertaken.   The core requisite in this stage details that investment proposal should reinforce the attainment of organizational objectives. It is essential to appreciate that even projects that fail to come to realization may produce ideas and information that benefit future investments; hence, unsuccessful projects are not merely a waste of time and effort. An investment idea cannot be evaluated until the idea has been suitably defined and presented. In reality, within the business world, capital markets are imperfect, manifested by the fact that, among other aspects, companies are usually restricted in the amo unt of finance available for capital investment. Companies, thus, need to decide between competing for investment proposals and pick those manifesting the best strategic fit and the most suitable utilization of economic resources. The company’s capital investment procedures manual should outline the requirements for project information, as well as the format of the proposal. The preferred terminology ought to be specified and defined, and the project appraisal methods and criteria should be made clear. Standardized proposal forms should allow for flexibility in the lifespan, costs, and benefits of projects. However, too much flexibility may constrain the comparability of proposals. Thus, a balance has to be struck to match the organization and the forms of projects it considers. The screening of the projects may spotlight aspects such as cash flow analysis, critical variables, documentation, and sensitivity analysis. Candidate investment proposals require an in-depth analysis and appraisal to establish projects, which avail the most attractive opportunities critical to the attainment of organizational goals such as enhancing shareholder wealth. Analysis and acceptance stage involve undertaking financial analysis of the project and comparing the project to predetermined acceptance criteria, as well as considering the project as per the capital budget for both present and future operating periods.