¶ … Bubba Gump Shrimp Company is a seafood chain of restaurants with restaurants across the globe. By September 2010, the restaurant chain had 32 stores throughout the world with 22 of these restaurants located in the United States. While the formation of this company was inspired by the Forrest Gump film in 1994, the company has largely been successful in the seafood market. The president of this company has attributed the success and productivity in this market to reduced turnover in management. Actually, the firm's president has constantly stated that one of the major secrets to organizational success is having minimal management turnover. His emphasis and focus on turnover has yielded huge success to an extent that Bubba Gump Shrimp Company has not had a manager leave in 3 years whereas management turnover has decreased to approximately 16% in 2 years. As a result, the company provides a major example of the best interventions that help to lessen management turnover as well as non-managerial turnover.
Interventions for Reducing Management Turnover:
The ability of Bubba Gump Shrimp Company to experience reduced management turnover is attributed to the interventions the firm has made and its focus on management that provides vital lessons on how to reduce management turnover. Based on the firm's example and the lessons in this chapter, there are several interventions I would make to lessen management turnover. The first intervention is an approach to management turnover...
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