Improving Management Essay Example for Free

Improving Management EssayIt has been established that Company Q is a small grocery chain that has recently decided to close two of their stores in heavily populated areas due to profit loss and high crime statistics. The necessity to close two stores is a signifi endt economic failure for two the residential district and the stake holders involved in the franchise. Company Q has demonstrated that improvements need to be made to restore their reputation within the community and gain the sanction it needs to succeed among the share holders of the company. Since Company Q has closed these two stores, the loss of employment by members of the community has been recognized along with the need for citizens to travel advance outside of the community for groceries.This takes tax revenue away from the city and has also resulted in two vacant buildings. In a community already plagued with crime, this adds to the dominance of additional crime. In erect to salvage Company Qs reputatio n with the community and restore trust with the shareholders, significant changes forget need to be made. found on the closure of two stores, the social responsibility that Company Q exudes is very poor and concerted effort will need to be displayed in order to prove they are a socially responsible company.Part BFor several years, customers of Company Q find requested that Company Q offer a more than health conscience and organic variety of foods. Due to the recent closure of two stores, it is noned that there are now funds available to impart this request at the remaining open franchises. Company Q recognizes that in order to regain the customers trust, they need to be accommodating to the desires and needs of their customers. The starting signal recommendation is to continue to provide the healthier, organic food varieties being requested. This action recognizes the customers desires and validates that Company Q is listening and wants to be accommodating.Money that is no d urable being utilized to manage the two stores that are closed can now be allocated to the high margin items at the stores that remain open.Company Q has been asked by the local food bank to donate day-old products instead of throwing it away. Company Q has denied this request citing worries about dissimulator and possibilities of employees stealing and stating that they were actually donating it. Our first recommendation is to abolish this policy and work with your local food bank to be able to obtain this otherwise wasted food. The reputation with the community is already fragile subsequently the closure of two nearby stores. In order to build trust with the community and the shareholders of Company Q, simply providing the requested healthier, organic food will not be enough. Extra effort being demonstrated by Company Q will need to be recognized.The next recommendation would be to create an doing Committee within each of Company Qs open stores. This Action Committee will work together to create a system thatmonitors the fare of high margin items being purchased from the distributor and then being exchange to the customer. The products that can be donated to the local food bank will be recorded. These records will be maintained by the Action Committee and preferably a member of the managerial staff. The donated product can be considered a tax keep open off at year end. Since there is a committee monitoring what is coming in and what is being donated out, it will help minimize the potential of fraud or possible theft by employees.This Action Committee can then determine which products are being sold on a reconciled basis and which products are being donated. The purchasing of high margin items from the distributors can be adjusted so that more popular items are being sold and fewer items are being donated. This action will demonstrate to the community that Company Q cares about the citizens and they want to be an active part of the community. It also can instill trust with Company Qs employees that they are not the reason the business wasnt donating to the local food bank, and that they believe their employees are trusting and have integrity.A final recommendation would be for Company Q to establish their own offer program consisting of members of management. If additional employees of Company Q desire to be part of the volunteer committee, it is completely on a volunteer basis. This volunteer team will periodically represent Company Q at local events. They can volunteer era at the food bank, local homeless shelters, charitable events and so forth. The team can organize events to paint over graffiti in the part of town where they previously closed two of their stores. The presence of Company Q in the community can help restore trust that was lost when two stores were closed and the community suffered. The stockholders in Company Q will also see a significant change in the communitys perspective of their company.Based on these 3 recommendations, we believe that Company Q will exemplify the social responsibility expected by a company this size and that has such a presence in this populated community. Upon request, additional recommendations can be made to ensure Company Q sustains and improves upon its reputation with the public.