Lawrence Sports Inc.

Paper Summary:

The paper discusses Lawrence Sports' poor financial management, which causes it to be unable to remunerate and stimulate its staff members and results in high levels of employee turnover. The paper explores three possible courses of actions to addressing the matter of increased employee turnover and analyzes them against four major aspects: corporate goals, profitability, vendor-supplier relationships and the solution's possibility to resolve the matter in the present and sustain it in the future. The paper concludes that the most viable course of action is that of contracting a bank loan to further invest in the personnel.

Outline:
Abstract
The Problem
Corporate Goals
Alternative Solutions
Conclusions

From the Paper:

"Today's companies have to undergo major processes of organizational change in order to ensure their success onto the markets and industries where they operate. Presenting the audience with the manufactured items and simply selling them is no longer the recipe for success and this must be backed and sustained with multiple strategies. In this order of ideas, companies have to identify the needs of the population and accordingly serve them; in this particular instance, the public is no longer purchasing the items produced by a company, but it demands what articles the company should manufacture. Similar to the changing status of customers, the role of employees has also changed. As such, the employees are no longer the obedient workers who simply do what they are told and cash in their monthly pay. Today's employees are the means to achieving organizational success and they represent the liaison between corporate officials and end customers."

Sample of Sources Used:

• Cameron, E., Green, M., April 2004, Making Sense of Change Management: A Complete Guide to Methods, Tools and Techniques of Organizational Change, Kogan Page Limited
• Mathis, R.L., Jackson, J.H., January 2005, Human Resource Management, 11th Edition, South-Western

More papers on Lawrence Sports Inc.:

• Case Study # 112540 : "Capital Management at Lawrence Sports"
• Case Study # 110334 : "Lawrence Sports Working Capital Policy"
• Case Study # 115039 : "Lawrence Sports Simulation"

APA Citation:

MLA Citation: