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Memo - Essay Example

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The results identify general benefits of paying fee for the company’s students and specific benefits of training the students at the Albers School of Business and Economics. The memo recommends sponsoring students to the school.
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Memo

Download file to see previous pages... o focuses on potential benefits of paying part of fee for the college attendance, for the students, to create a clear picture of the possible effects of the move on the students and the company.
One of the benefits of the move to sponsor the students is the knowledge that they will gain and use in the organization. Even though the organization is a manufacturing company, it requires diversified competencies such as administrative potentials, human resource management potentials, budgeting and planning potentials and leadership skills. Having students attend the college will train them on the business and economics scopes that they can use in different sectors of the organization. Training students on cost accounting and managerial accounting, elements of the college’s accounting program, will for example facilitate efficiency in planning for organization’s resources and promote cost effectiveness towards lower production cost. Even though the company may spend significant amount of money on paying the students’ fee, the results, which is likely to culminate into higher profit margin, due to low production cost, may surpass the expenditure in the fee. Efficiencies may also emerge from improved competencies in human resource management and leadership that can motivate and empower students for greater potentials and productivity levels. Training some students on human resource management will facilitate an understanding of students’ attitudes and changes in attitudes for measures that can ensure favorable environment for students’ optimal output. Developing leadership potentials is will also help the trained students to facilitate the organizations’ objectives through empowering and influencing other students.
Paying part of the students’ fee, in sponsoring them into the school, will also have general positive effects on their perception on the company, and commitment to the company. The move is likely to develop students’ perception that the ...Download file to see next pagesRead More
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