Wednesday, May 6, 2020
Market Analysis Red Telecom Communication of Australia â⬠Free Samples
Question: Discuss about the Market Analysis Of Red Telecom Communication of Australia. Answer: Introduction The transcript is all about the managing of a management team in a particular organization. Management has some particular work that needs to be done by the management team in an effective way. In this case, the chosen company is Red Telecom communication of Australia. They have some problem situation, their market analysis and competitive companies in the same business sector is the concern form of discussion. There are some training issues where learning and developmental skill is related to the employees up gradation are the concern factors of the management. In other words, management has to be communicative so that employees can ensure to feel free and state their problem to the organization and by this implemented process organization can also retain their employees. Objectives To maintain the effectiveness of management and train those employees for the future development of the country. To deliverance of adequate feedback in proper time is the prime motive for the organization as the customer satisfaction is the key criteria over this. To improve the employees' performance by the implementation of incentive, money is a good way to bring them back in the organization. Workgroup Profile In this chosen company team leader and their associates are under the workgroup profile. Performance outcome and fulfillment of company's objective is the determining performance set up by the organization. If teams are performing well then it is quite natural to maintain a good record for the development of the company (Anderson et al. 2015). On the other hand, the market orientation of the company and the expected need form the customers are the prime factor to hitting the target. In case of Red Telecom, their improvement in productivity, efficiency, and Profitability is the concern aspect and objectives that provide a competitive advantage to the company. The company is focusing on some learning training so that employees can learn the strategic implementation and use of those strategic processes (Liozu Hinterhuber, 2013). They are beneficial for that implementation and their development in working nature also develop the market rating of the company. Problem statement In recent times, Red Telecom has faced some internal problem with policies. In the field of technological enhancement and global technical vision is being changed by time to time so new invention in broadband sector is needed. As Red Telecom is a broadband service provider that has to implement certain strategic changes so that customers can find some different outlook or dimension of the broadband and web hosting products (Al-Ansaari, Bederr Chen, 2015). In the Australian market, their global jurisdiction will get a huge reinforcement if they innovate some new thinking in aspect to develop the web hosting process and high-speed broadband facility to their customers. Developmental skills For the developing of the employees, flexible learning option is the key process that organization can implement for the employees. Building trust with the employees also strengthen the employees and management relation that enthusiastically surface the development of the employees. Responsibility is the key developing factor that enhances the developmental skill of the employees. Provide coaching and educate the employees for the particular work also develops the quality up gradation of that employee (Chandler et al. 2016). In Red Telecom, innovation development in web hosting or creativity in fiber optic internet connection or providing the consistent high-speed broadband and the exciting home products are the developmental agenda of the company (Johnston Marshall, 2016). Their employees and team leaders have this innovative power to think and rethink about the issue so that Red Telecom can create their development in a progressive way. Learning and development strategy Learning and development strategy depends on the consistent eagerness of employees desire to know something new and to implement that process for the favor of the company. In that case development model like 70:20:10 Model is relevant and important that determine the effectiveness of learning and development activities (Blackman et al. 2016). In that numeric model 70 percentage is being addressed to the individual's work experience, for the successful innovative nature or to creating impact over the work an experience outcome is needed. 20 percentages are rated as per the frequency of conversation and the rest of the 10 percentage determine the formal education background. In Red Telecom, the formal background of education is less important than work experience as the innovative thinking will come if the employees have good knowledge about the work. Key intervention In an organization, effective viability will increase by the developmental changed intervention. Organization hierarchy will make the decision and employees have to follow the process. Focusing on groups is another understanding that creates an effective relationship with the customers and employees. In any decision from the higher authority of the organization employees participation is need to be there for the valuable inputs that employees are given to the management is quite good and enhance the quality of the organization (Ahern, Cilliers Niemel, 2014). In Red Telecom, the innovative idea and progress that need to be implemented in the organization may need the employees' intervention to evaluate and cherish the work. Evaluation Evaluation is an effective measuring term that functioning over the behavioral, problems, achievements and social system point of view of the organization. Organization progression is depending on the evaluation of the yearly or monthly assessment of targets (Donate de Pablo, 2015). In case of Red Telecom, their market competitors have launched some innovative products so they have been challenged by them, so they will introduce something new in their favor which provides best technical output that pleases the customers. Then, their evaluation of the organization must rise in high. Conclusion Therefore, form this critical discussion over management decision and their workplace orientation, a complete analysis of their function is known by the workgroups. They have to take responsibilities and need to implement over that so that company will be on the beneficial side. In Red Telecom, development strategy and training manner will be well revised so that literature gap can be mitigated. References Ahern, J., Cilliers, S., Niemel, J. (2014). The concept of ecosystem services in adaptive urban planning and design: A framework for supporting innovation.Landscape and Urban Planning,125, 254-259. Al-Ansaari, Y., Bederr, H., Chen, C. (2015). Strategic orientation and business performance: An empirical study in the UAE context.Management Decision,53(10), 2287-2302. Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., Cochran, J. J. (2015).An introduction to management science: quantitative approaches to decision making. Cengage learning. Blackman, D. A., Johnson, S. J., Buick, F., Faifua, D. E., O'Donnell, M., Forsythe, M. (2016, January). The 70: 20: 10 model for learning and development: an effective model for capability development?. InAcademy of Management Proceedings(Vol. 2016, No. 1, p. 10745). Academy of Management. Chandler, J. A., Zachary, M. A., Brigham, K. H., Tyge, G. (2016). LONGTERM ORIENTATION.The Routledge Companion to Family Business. Donate, M. J., de Pablo, J. D. S. (2015). The role of knowledge-oriented leadership in knowledge management practices and innovation.Journal of Business Research,68(2), 360-370. Johnston, M. W., Marshall, G. W. (2016).Sales force management: Leadership, innovation, technology. Routledge. Liozu, S. M., Hinterhuber, A. (2013). Pricing orientation, pricing capabilities, and firm performance.Management Decision,51(3), 594-614.
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