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Topic:
Module 2 - Case PLANNING AND VALUES
Essay Instructions:
PLANNING AND VALUES:
Assignment Overview
Planning and the Pandemic: Use the APA 7th Assignment Template
In earlier coursework, SWOT ( https://openstax(dot)org/books/principles-management/pages/8-2-using-swot-for-strategic-analysis) and PESTEL (https://openstax(dot)org/books/principles-management/pages/8-3-a-firms-external-macro-environment-pestel) were covered.
We will now consider how organizations use objectives to support and track their strategic planning.
Take one aspect of a business: sales. They have hourly, weekly, and monthly goals, coupled with a plethora of conversion rates for sales activities which are a guiding force in the industry. Failure to meet goals results in lost revenue and lost jobs.
Regardless of what position you hold in a company, you are part of the planning process.
Case 2 Resources
1: Contemporary Views on Motivation (2021)
https://openstax(dot)org/books/introduction-business/pages/9-6-contemporary-views-on-motivation
2: Trends in Employee Motivation (2021)
https://openstax(dot)org/books/introduction-business/pages/9-8-trends-in-employee-motivation
3: From Motivation Theory to Application (2021)
https://openstax(dot)org/books/introduction-business/pages/9-7-from-motivation-theory-to-application
4: SMART Goals: Definition and Examples (2020)
https://www(dot)indeed(dot)com/career-advice/career-development/how-to-write-smart-goals
5: The Planning Process (2020)
https://openstax(dot)org/books/principles-management/pages/17-2-the-planning-process
6: Goals or Outcome Statements (2020)
https://openstax(dot)org/books/principles-management/pages/17-4-goals-or-outcome-statements
7: Employees' Responses to Planning (2020)
https://openstax(dot)org/books/principles-management/pages/17-6-employees-responses-to-planning
Case Assignment
Strategic Planning Research
Using the module course resources list above, complete the following:
For your introduction, develop your business to include a name, a little history of the business, what you sell, and list your total sales and profit from the previous year.
Research sales incentive models and select how your employees are compensated.
Develop and apply “SMART GOALS” for the sales division to improve performance over last year's numbers.
And for your conclusion: restate your purpose, summarize the findings of each section, and then wrap up into a final thought.
Assignment Expectations
The minimum length requirement for this Module Case Assignment is 3 full pages (Excluding Title and Reference pages) to include 3 scholarly sources.
Provide an APA-formatted title page and use the APA 7th Assignment Template
The 3 full-pages will include an introduction, body of work with 3 scholarly sources cited to support your work, and a conclusion (that aligns with your purpose statement, summarizes each section, and then wraps up into a final thought).
Provide an APA7 formatted References Page (See APA 7 “References” section at https://apastyle(dot)apa(dot)org/style-grammar-guidelines/ ).
Upload your paper to the Case Dropbox before the assignment due date.
Proofread your work.
Grading Note:
At Trident University International, rubrics are used for grading. These rubrics specify the points available for each component of an assignment. Points are earned based on the level of the work submitted. The rubric in the Case Dropbox is used for this Case Assignment.
Develop and reference your sources of information with References Page, In-text Citations, and APA Title Page formatting from the following Guides and Links:
Trident's Introduction to APA - https://careered(dot)libguides(dot)com/tui/library/apa
Understanding Plagiarism- https://careered(dot)libguides(dot)com/tui/library/plagiarism
Student Support Resources - https://careered(dot)libguides(dot)com/tui/STUDENTS
Essay Sample Content Preview:
Planning and Values
Student Name
College/Department Name, Trident University International
Course Number: Course Name
Professor Name
Date
Planning and Values
Techconnect Solutions, the industry leader in technological solutions, has been around for almost half a decade. The 2019-founded company creates cutting-edge software for enterprises of all sizes. The company is known for producing high-quality products that ease operations and boost business success with advanced technologies and a commitment to perfection. It sells customer relationship management (CRM) systems, enterprise resource planning (ERP) solutions, and project management software. The company has grown and profited by anticipating client demands and staying ahead of industry developments. It had a record $100 million in sales in fiscal year 2023, up 20% from the year before. The company's 15% net profit margin showed financial stability and good management. Strategic planning is essential for Techconnect Solutions' growth and culture of continual improvement.
Sales Incentive Models: Compensation Structure
Techconnect Solutions will employ performance-based compensation to motivate and improve sales performance. This framework supports modern motivation theories by rewarding individuals for their contributions to firm performance (Gitman et al., 2018b). The sales team will get fixed wages and performance-based bonuses. Salespeople receive financial security from the set compensation (Bright & Cortes, 2019). Performance-based rewards will also be related to individual and team achievements, including meeting sales targets, recruiting new clients, and winning high-value contracts. This concept incentivizes people to perform well, boosting corporate revenue (Umobong & Egberi, 2019). Regular performance assessments and open communication regarding incentive systems will engage the sales staff and create a competitive yet collaborative environment.
Techconnect Solutions' sales crew may focus on their jobs without worrying about income swings because of its constant wage (Gitman et al., 2018c). Stability shows the company's dedication to its employees, which boosts morale and retention. Performance-based incentives also motivate salespeople to exceed goals (Bright & Cortes, 2019). The company keeps staff focused on revenue-generating tasks by linking incentives to sales targets and client acquisitions. Performance-based incentives also foster responsibility and results-driven behavior in sales (Umobong & Egberi, 2019). Salespeople know their pay depends on success, so they own their goals and work hard. Techconnect Solutions will regularly analyze sales personnel's performance and provide timely feedback to ensure compensation structure efficacy (Bright & Cortes, 2019). This feedback loop helps staff track their progress, identify areas for growth, and adapt their strategy. Transparent communication about incentive structures and performance goals builds sales team trust and transparency (Gitman et al...
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