Human resources development - Essay Example

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The Fourwinds Marina and the Inn of the Fourwinds are located on Lake Monroe, and they are business owned by the Taggart Corporation, which operates under distinct managements, sharing only the accounting function. Jack Keltner has just been appointed as the general manager of…
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Download file to see previous pages he Lake Monroe Reservoir is a project that is designed to provide a variety of services, which ranges from providing flood control, flow augmentation, water supply and also recreation benefits for the people of Indiana polis. The Indianapolis metropolitan area has a population of over one million people, with over 3.5 billion dollars to be spent annually. Jack Keltner has designed a series of changes that he would want to introduce in order to salvage the Fourwinds Marina from the present poor financial state, and set it on the path of recovery, through introducing measures such as adding a second receptionist bookkeeper, introduce a new inventory system, reduce the workforce, add 80 slips and then renovate the Marina so as to avert possible storm breakages.
There are several strengths that are associated with the Marina. First, the Marina serves within a region that has a large population density that runs to over a million people who have over 3.5 billion US dollars to spend annually. This means that the business has a large market base for the services it offers, and a potential to earn substantial revenues from the huge money basket that the people have available to spend throughout the year. The fact that the Marina works seasonally is yet the other strength associated with it, considering that it is therefore able to shelve spending resources during the low season without earning reasonable incomes out of its operations. Further, the seasonal operation of the Marina is a major strength; since it enables the Marina get sufficient time to undertake the necessary renovations without disrupting the customers, since the renovations can be done once the season is closed.
The major weakness facing the Marina is the lack of experienced general managers in the area of Marina management. The general managers that have been employed to manage the Marina have different areas of specialization, with McLaughlin having been a parts specialist, and Jack Keltner being a ...Download file to see next pagesRead More
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