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English - Research Paper Example

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Many are the organizations that have employed the best performing scholars with the thought that they will reflect the same performance once in the company…
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Micro-finance College: The objective of this paper is to enlighten Human Resource Managers on the methods ofoptimizing a company’s profits. Many are the organizations that have employed the best performing scholars with the thought that they will reflect the same performance once in the company. However, most of the outcomes are wanting as the employees tend to give discouraging results. For an organization to reach its optimal point, a lot needs to be done, not only by the employees but also on the side of management (Bowen & Ostroff, 2004). The person responsible for all the activities of an organization is HRM. This means that if anything goes wrong, he or she carries the blame. Therefore, the HRM with the help of other managers can employ various methods as a way of optimizing the organization’s profit. Such methods include; yield management and revenue optimizing strategies (Grabski, 2012). For instance, yield optimization in is a practice that uses models as a means of analyzing data and information to forecast the best output of the organization. Hence, the organization should be able to meet all its demands while optimizing its revenue. Second, optimization is an attempt of taking any information on the organization’s operating hiccups, the market demands and also the factors influencing them as a method of getting the optimal selling prices and the optimal production of the organization goods. Last strategy is revenue optimization whereby this is a process of finding the highest possible revenue that the organization can give (Andriole, 2006). Therefore, this paper has discussed the mentioned methods and their contribution towards the rise of poor performing organizations.
References
Andriole, S. (2006). Business technology education in the early 21st century: The ongoing quest for relevance. Journal of Information Technology Education: Research, 5(1), 1-12.
Bowen, D. E., & Ostroff, C. (2004). Understanding HRM–firm performance linkages: The role of the “strength” of the HRM system. Academy of management review, 29(2), 203-221.
Grabski, S. V. (2012). Transfer pricing in complex organizations: a review and integration of recent empirical and analytical research. In Readings in Accounting for Management Control (pp. 453-495). Springer US. Read More
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