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Management 2 (protective security) - Essay Example

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In order for companies to regain the capital they invested it becomes necessary that they identify opportunities that would deliver returns…
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Management 2 (protective security)
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Download file to see previous pages Efficiency has been defined as measure of productivity or operational excellence concerned with operational margins improvement and cost minimization. Effectiveness on the other hand is associated with the business’s ability to identify and embrace opportunities of business via exchange relationships. As a result effectiveness is concerned with a company’s plan to develop a growth that is sustainable within its market (Stefanos, 2007). My organization has invested heavily and made tremendous efforts in balancing these two critical aspects of operations management all in an effort to increase the market share and maintain competitive advantage.
The objectives of my organization are essentially to increase the market share and decrease the overall costs of running the organization. The target is to increase our market share from the current 15% to 20% within a period of two years. Another target is to introduce certain changes within the organization such that the overall costs would reduce by 5% within a period of one year. These changes include reducing field managers by 50% and employ more Close protection officers with advanced qualification.
The organization had an objective of increasing its market share. The company embarked on a market wide research effort to identify client needs that were not being met. The organization realized that many business entities with huge capital bases required specialized protection service from the protective security firms. This service required CPO’s with a special kind of skill set which many security companies lacked. This created a need for the company to hire more CPO’s with the necessary skill set resulting in increased operational cost. After a thorough cost and benefits analysis, the company decided it would be more profitable to hire five specialized CPO’s to meet this need while at ...Download file to see next pagesRead More
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