According to my two articles, writing a reflective paper for the management course needs to include management knowledge, such as why to start, love, sustainability, etc. The goal is to have you refle

Stuck with a difficult assignment? No time to get your paper done? Feeling confused? If you’re looking for reliable and timely help for assignments, you’ve come to the right place. We promise 100% original, plagiarism-free papers custom-written for you. Yes, we write every assignment from scratch and it’s solely custom-made for you.


Order a Similar Paper Order a Different Paper

According to my two articles, writing a reflective paper for the management course needs to include management knowledge, such as why to start, love, sustainability, etc.

The goal is to have you reflect deeply on what you have learned and experienced in the class. What value did you derive, what lessons did you learn, and/or what realizations did you come to because of this class? How can you use what have you learned? What questions did it bring up? What questions remain unanswered? What are your Top 10 concepts/tools/lessons learned that you would take away from the course? Did the professor enrich your learning experience? If so, how? What suggestions would you have for this course in the future? The final reflective paper is typically 3-5 pages in length.

According to my two articles, writing a reflective paper for the management course needs to include management knowledge, such as why to start, love, sustainability, etc. The goal is to have you refle
Running Head: REPORT 0 Jiangsu leipeng Electric Co. Report Qi Wang May 20th, 2020 Jiangsu leipeng Electric Co. Report Jiangsu leipeng Electric Co., Ltd is a business enterprise in the electrical and manufacturing industry founded on 26 May 2011. The business scope of the company includes voltage switchgear, power control panel, aluminum files, copper bar, bus, bridge, industrial electric heater, distribution board, frequency converter, plastic transformer, electrical components, expansion joint, metal products, lamp manufacturing and processing, cable, wire, sensor, AC contactor, circuit breaker, spring shock absorber, general parts, transformer, fire-fighting equipment, sewage treatment equipment, instrument heat preservation box, dust removal, copper bar, and cable trough. The company operates both nationally and internationally but has no branches. Its registered capital is general but it saw a change in registered capital from RMB 51800000 to RMB 101800000 in 2014 registering a 96.53 percent increase. The company occasionally changes its scope with some new business being added such as bus and transformer which were added in 2015. The availability of cheap raw materials and labor has allowed the company to operate competitively within the industry. The company uses a low-cost structure business strategy to be competitive in the industry. Business Strategy Low-Cost Structure            Jiangsu leipeng Electric Co., Ltd has adopted a low-cost structure as its business strategy by taking advantage of the availability of local cheap raw materials and labor in the country. However, in the initial stages of establishment, the company operated under the shadow of large companies before it established its business chain. The large companies enabled the company to acquire markets for its products before it built its brand. The low-cost model allowed the business to gain a competitive edge in the market by producing quality products at competitive prices. The availability of cheap raw materials locally enabled the company to set lower prices than the competitors. The initial partnerships also allowed the company to maintain its cost structure since it didn’t require to incur huge marketing costs to compete with the existing market players. The company adopted a cost-driven business strategy since its inception and has focused on minimizing costs in every business activity the business undertakes. To maintain its low-cost strategy, the company ensures that its fixed costs do not vary even with an increase in production. For example, when the company added new businesses, only the variable costs were altered but the fixed costs remained the same.            Economies of Scope. Jiangsu leipeng Electric Co., Ltd has expanded its scope of business over the years to increase its market share. The expansion of the business scope has been in-line with the existing business operations. The businesses are undertaken using mutually supporting activities which have ensured the increase in the business scope doesn’t affect the fixed costs of the company. Most of the technologies used in the production of the equipment manufactured by the company are the same, thus, making it possible for the company to maintain its cost structure. Employee Rewards             The electrical and manufacturing industry is a labor-intensive industry. Therefore, the relationship between the company and its employees is key to its success. Jiangsu leipeng Electric Co., Ltd has maintained a healthy relationship with its employees to ensure high levels of motivation are maintained. The company has created a system of rewarding high performing employees, most improved as well as the long-serving employees to keep a motivated workforce. Meals and staff vouchers have been the most commonly used rewards to motivate employees. This strategy has enabled the company to increase its retention levels and reduce recruitment costs due to the low employee turnover. Also, extra pay is offered for employees who work overtime to surpass production targets. Challenges High-Cost of Skilled Labor   The major challenge facing the company is the lack of low-priced skilled labor. The company has to train the employees recruited to equip them with the necessary skills. The few skilled individuals demand high wages above the industry’s average which affects the company’s cost structure. The company has tried to overcome the challenge by retaining its employees and using old employees to train new ones. However, the time taken before the employees gain sufficient skills affect business operations to some extent. Employee Safety             Manual handling of equipment is associated with health hazards which although non-fatal cost the company millions of dollars settling employee claims for injuries suffered in the workplace. The industry regulations require manufacturers to take precautionary measures to ensure worker safety in the workplace. Some of the injuries that occur in the workplace are unpreventable by the company management and are related to human negligence and carelessness but fall under the company’s liability. Mistakes Overreliance of Human Labor            Most of the company’s critical operations are manually operated by humans making it difficult for the company to efficiently and effectively service its orders. Automation increases production efficiency and lowers the cost per unit. Robots have been extensively used in manufacturing and have replaced humans in most of the operations. However, the high cost of acquiring robots has been the major hindrance to the full automation of operations in the company. The inability to fully automate its services has affected the company’s low-cost strategy. The long-term cost benefits of automation are critical for the company’s business strategy. Best Practices  Waste Management             The company has been able to control its industrial waste to minimize pollution of the environment by recycling its waste products such as scrap metals. The waste management strategies have saved the company millions of dollars over the years because the company has been able to stay compliant with environmental regulations. The company efficiently uses its resources to minimize the waste material produced. Waste management is not limited to materials but also labor hours need to be efficiently controlled. Lessons Learned                First, technology can be used in the electrical and manufacturing industry to increase production efficiency as well as production output. However, companies are prevented from automating their operations by the huge costs incurred in acquiring robots. Second, companies need to control their waste disposal to protect the environment and the ecosystem in general. Careless waste disposal can lead to huge losses as companies settle the litigation filed by environmental protection agencies. Waste management can be a cost-saving technique in the long-run. Third, a company’s business strategy need to be cascaded in all its operations and business decisions. Small mistakes such as lack of sufficient automation of operations in the manufacturing industry can affect a company with a low-cost structure. Lastly, good employee relations are critical for smooth business operations. Motivated employees are likely to leave their jobs prematurely, thus, saving the company recruitment and training costs. Conclusion             The interview allowed me to learn from an individual who has been in the electrical and manufacturing industry for nearly 10 years as a business owner. I have learned the benefit associated with technology in the manufacturing industry and that minimal human labor will be required in the manufacturing industry in the future. More people working in the manufacturing industry are likely to be left jobless as companies replace human labor with new technologies such as robots in their operations. Although full automation less likely means zero requirements of human assistance, it is a threat to human employment. Also, companies need to manage their waste to conserve the environment and prevent the occurrence of climate change which is a point of concern across the world. I also noted the importance of employee relations in organizations to maintain a good relationship with employees by adopting strategies to motivate them.
According to my two articles, writing a reflective paper for the management course needs to include management knowledge, such as why to start, love, sustainability, etc. The goal is to have you refle
1.First of all, I think it is “The Golden Circle”. A team or company needs to be clear about what to do and why .It is important to have clear ideas and goals. I think most companies fail because they don’t know why and how to do it.The team and the company have a common goal and pursuit, which is very important. To believe in and love a common cause, once there is doubt in the team, it is difficult to work together.It is very important to have a good leader. Leaders in the team can gather all people, so that the team’sstrength to play to the maximum. 2.”Strat with why” has really changed my view on strategy. At first, I thought that only excellent products and prices were needed to succeed. But after reading this book, let’s have a deeper understanding of how successful organizations motivate and motivate their employees without having to provide gifts and rewards for their well done work. He describes how companies often try to manipulate employees through rewards and promotions, but fail to motivate them and win their loyalty. Employee and customer manipulation is usually effective in the short term.It is more important to find an employee who is completely suitable for the organization than to find an employee who has many skills that are beneficial to the organization. He uses diffusion theory to explain what the “critical point” is in an organization and how diffusion theory affects good leadership. All organizational leaders need to inspire trust and confidence in their abilities so that other employees can follow them with confidence. Trust is essential for building a stronger organizational culture and professional and personal relationships among employees (Sinek, 2009).It is necessary to adjust the business strategy. In the face of different periods and situations, different strategies are needed. Entrepreneurship and sustainability are different knowledge.The story of the Apollo 8 mission didn’t change my view of strategy. They were very clear about the importance of the mission, they knew the reason why they did it, and they were able to persist and not afraid of failure, which made them successful.The book “strat with why” gives me more different views, which makes me think more about the people and environment around me. The Apollo 8 story taught me the necessity of the will to succeed. 3.After watching the video, I was very surprised that the success rate of kindergarten students was higher than other people, including ordinary students and even business graduates. Business graduates will have more considerations and concerns. They have more ideas and need to be identified carefully. But for kindergarten students, more directly, they just immediately obey and act. Kindergarten students will try again and again in the face of failure, they are more focused and not easy to give up. Adults are afraid of failure, and they are more willing to come up with what they think is perfect before they start to act rather than try. In terms of strategy, people can learn from it without fear of failure and constant attempts. People build prototypes and get instant feedback on what works and what leads to failure. This gives the team a better understanding of how to proceed with a project or task, closer to success. And I learned that graduates will waver in the face of huge rewards. When they are eager to succeed because of the bonus, they are more likely to fail. This puts a lot of pressure on them. Although rewards can give members more motivation, sometimes it will have a negative impact, and how to use it properly needs to be considered. Just like new employees at the beginning of the work, they can more seriously complete the task, after a long time, they can’t. Because they can admit failure and keep trying when they first work. After working for a while, they have relative experience, which makes them cautious and hesitant. I think the team needs employees like kindergarten students. They are not afraid of failure, dare to try, and can be creative, which will bring different ideas to the team. 4.This is my first time to watch Star Wars. I had no interest in it before. After watching this movie, I think it’s a very interesting episode, which makes me show great interest in Star Wars toys, and also in the toy industry. It is closely related to the customer experience strategy of growth IQ. Path 1 and path 2 are customer experience and customer group penetration. In the face of the continuous introduction of toys, people can have more choices, I believe everyone can find their favorite toys.Facing different business environments, they must adjust their strategies to continuously create demand products in the business. Just like Kenners makes toys, they also know why they want to set up the company, and they know “why” clearly, which makes them more successful. They are passionate about their career. He really loves toys, which can make him more creative.Star Wars is still active. They have a lot of people, and people are buying their toys. To my surprise, Kenners sold an empty Star Wars box at Christmas, promising customers the first action character in a few months. It’s very innovative, I think it can make them stand out in Christmas sales, it’s amazing. When I saw their teddy bears, I thought of when I was a child, I wanted to have them all the time. No matter how many times I saw them in the mall, I always wanted to have them, because they always have a new appearance, and I really want to collect all of them. This is my first time watching Star Wars, but I think I’ve started to like them. 5.This is the first time I’ve heard about Burt’s bee. After watching the documentary, I got a deep understanding of Burt’s bee, one of the few companies selling natural products, which made me very interested. Burt’s life is so simple. He doesn’t care too much about money. Even after the success of the company, he still lives a very simple life, which is very valuable. I think that’s one of the reasons why customers are willing to believe in the brand. It’s very real and natural, and it has its own persistence. If an enterprise only focuses on how to get more money, it is likely to fail. Roxanne has made constant attempts in products, such as candles, lip balm, soap, food and so on, so we can see which type of products have the greatest impact, and then increase the sales of this product. She has made many attempts to determine which product will benefit the company the most. And pay attention to the importance of the prototype. Burt’s photos appear on the package. Even after the company is acquired, it is still willing to give him royalties in exchange for traveling with the brand. Burt has become a representative of a product, because of its authenticity and philosophy, people are willing to believe in a brand. People trust him more than the brand itself.In the face of the conflict with Roxanne, I prefer to stay in the company, and I hope to participate in decision-making. Burt may be happier to donate the extra cash to friends and family, to charity or to the community. There will be disagreements or conflicts in the company, but I don’t think Roxanne is doing the right thing and I don’t like being threatened. 6.Google Shakes Up Its ‘TGIF’—and Ends Its Culture of Openness I learned TGIF for the first time, which is a new knowledge for me. It was originally a Friday afternoon weekend celebration, evolving with Google. Founders hold regular meetings, which let people know that they are still around. Even if the products and policies that will be released in a few months are described in the meeting, they will not be leaked. It’s hard to get everyone out, including those who don’t want to show up. TGIF makes all people more united and all people work for a common goal. This is a very useful corporate culture, which is really worth all enterprises to try. It can increase the cohesion of enterprises, and also increase people’s trust in enterprises.

Writerbay.net

We’ve proficient writers who can handle both short and long papers, be they academic or non-academic papers, on topics ranging from soup to nuts (both literally and as the saying goes, if you know what we mean). We know how much you care about your grades and academic success. That's why we ensure the highest quality for your assignment. We're ready to help you even in the most critical situation. We're the perfect solution for all your writing needs.

Get a 15% discount on your order using the following coupon code SAVE15


Order a Similar Paper Order a Different Paper