¶ … Managed -- the Role of Project Manager:
Case Summary:
As a futures brokerage and clearing firm, Finvest Group invited me to explore the idea of developing a powerful trading division. Through discussions with the firm's CEO and the recommendations I provided, I was hired as a project manager and head of electronic trading. Though the firm was famous for talented brokers and excellent service, it was also renowned for total lack of technology. Some of the features of Finvest's lack of technology included few AOL accounts for several workers, dial-up connection for external communication, and a corporate network with few computers.
The major challenges in this task included changing the manager's perspective on technology and gaining respect from several executives who had worked together for years. As the project manager, I needed to design and implement a new business-wide information system. Since the company was very fragmented with workers having no idea of its overall focus, the first step in the process involved breaking-down the silos through writing weekly e-mails that explained the developments in my division. As the CEO was motivated by these e-mails, I continued to document the division's struggles that helped in transforming the entire team. Through complete participation of the division's team despite of several challenges, the firm had a huge Internet bandwidth and excellent trading systems that facilitated access to the main international exchanges at the time of completion.
Problems Finvest Encountered:
As part of developing a suitable and efficient project for Finvest Group, the identification of the underlying problems is a critical step. Some of the major problems that this company encountered in the case included complete lack of technology, fragmentation its operations, and the employees' lack of understanding of the firm's overall focus. These problems had several ramifications on the firm including low productivity, lack of timely customer response, and low employee morale.
Proposing a Solution:
Planning, cost-effectiveness, and time- and quality-control are some critical areas where the role of various project management techniques in executing…
Low employee morale, cultural and communication differences, technological equipment challenges as well as lack of team cohesion are some of the worst situation to ever affect an organization. These situations can critically impair the normal operations of an organization (Mawoli & Babandako,2011).In this paper, we present an elaborate investigation of these issues as well as how to tackle them within the context of a global hi-tech organization (a multinational) with
Boosting Employee Morale After Downsizing Downsizing has become a significant idea in today's economy and maintaining the trust of employees when something like this takes place has also become very serious business (Brockner, Konovsky, Cooper-Schneider, Folger, Martin, & Bies, 1994). The question is not whether a company should downsize their employees but how to do the downsizing properly so that as few employees as possible are injured (Brockner, Konovsky, Cooper-Schneider, Folger,
Ensuring Adequate Employee Morale in the Fast Food Industry During the last decade, customer service and employee morale as perceived by the public has steadily declined, most notably within frequented industries such as the fast food industry. The success of corporations is contingent upon their ability to reform and develop more potent employee morale strategies. Though a variety of customer service strategies exist, none have specifically analyzed key customer service factors
Employee Relations Financial Crisis Managing Employee Relations in the Event of a Financial Crisis A Look into Management can Effectively Navigate through Adverse Conditions Austerity Protests (Dowling, 2012) Employee relations can often be a difficult aspect of maintaining the overall health of an organization. In general, employee relations often refer to the act of fostering productivity, motivation, and employee morale in an organizations human resources pool. However, there are some circumstances in which it
Employee Seperation Procedures Employee Separation Procedures A common challenge for many firms; is being able to create effective employee separation policies and procedures. This is because various regulations require everyone to follow specific practices in order to ensure that someone is discharged for actual causes from failing to meet certain requirements of the job. Those organizations who ignore this, will find themselves the subject of increased amounts of ligation for wrongful termination.
Employee Handbook Privacy Section ABC Widget Company: Employee Handbook Privacy Section What privacy rights issues should be addressed? In the Age of Information, there are increasing concerns being voiced about what can legitimately be expected to be kept private, and how these issues affect employees' rights in the workplace. According to Hayden, Hendricks and Novak (1990, most adults spend approximately one-half of their waking hours in the workplace today, and it is therefore
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now