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Individual Project - Tanglewood - Essay Example

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Based on the Tanglewood need to expand in the local market in order to effectively compete with rival firms such as Dillard’s, J.C Penny, Saks and Kohl’s among others, it requires experienced work force. This implies the company should undertake training program in addition…
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Individual Project - Tanglewood
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Download file to see previous pages In addition they become aware of the challenges that Tanglewood has gone through. In this way, they will have the ability to deal with any challenge that they may face during their duties. Tanglewood case indicates that there is inconsistency in terms of management between styles between the new stores and the original stores. Thus, the company should also employ the acquisition strategy that will ensure that the new stores start on the correct path without the resistance of the managers or resentment from the workers.
The expansion strategies by Tanglewood require that it accumulates adequate funds without lowering the salaries of its employees. The company should therefore adopt techniques that will ensure that it does not use a lot of funds outside the company. Thus, it is imperative for the company to hire itself instead of outsourcing. The only part that the company should outsource is in the construction of the stores. This is based on the fact that if the company creates its own construction and engineering department, it would an expensive venture. This is due to the high costs of such a department in the form of high salaries, high costs of purchasing constructing machines as well as costs of computer programs used to come up with the architectural designs. By hiring itself in other areas, Tanglewood will ensure that it uses reduced financial resources that will generate significant revenue needed in undertaking other operations of the firm. In addition, by hiring its own resources, the company will effectively deal with its own challenges since it is aware of their causes and the best person to deal with an emerging issue in the company. However, outsourcing has several advantages that include providing new ideas, new techniques of performing duties as well as new ways of solving management problem that the company can face.
In his effort to hire qualified personnel, the vice-president for human resources should ...Download file to see next pagesRead More
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