Business // The GE Money Case + The EcoLab Case – Goldsmith and Carter
Case Analyses:
Ecolab Inc. and GE Money Americas
(Name of Student0
(The Class Title)
(Date)
(Instructor’s Name)
Chapter Five: Ecolab Inc.
Summary and Analysis
Ecolab is a leading company that specializes in cleaning, sanitizing, food safety, and infection control products and services. The company serves 160 countries across the globe delivering programs and services ranging from food service, hospitality, healthcare, government, and education to retail, textile care, and vehicle wash industries (Barnett et al, 2010). The capability of organizations to improve the cross-cultural management perspective and effectively operate in growing complexity of inter and intra-organizational connections is identified as strategic plan in talent management. The source of all the best ideas for growth and development of business relies effectively on the staffs that perform the real function.
In Ecolab, the leadership strategy upholds on recognizing and rewarding their significant contributions in running and sustaining business competitiveness around the global market. Designing measures within the competitive environment is the challenge to the management of an organization to optimize the performance of production of workforce and mobilize their career development. Significantly, as there have changes in the market, Ecolab leaders are consistent to implement organizational change in work competencies that has contributed to high integrity and ethical principles.
Question and Answer
1. What are the talent management philosophy of Ecolab? The five key operating principles of HR plan are: talent is shared, inside promotion, self-development, performance does not equal potential, and talent development should be implemented consistently across the entire organization.
2. What are the three interrelated components in Ecolab’s adopted model of potential? These includes capability, ambition, and commitment.
Chapter Six: GE Money Americas
Summary and Analysis
General Electric as a leading global market provides products and services from aviation to water processing to medical equipment. For over 130 years, GE has established name all over the world’s market gaining integrity and loyal from clients through their quality and innovative products and exceptional services take no reason for the company gain competitive and distinct market demand (Grisham & Misko, 2010). The strengths that GE has strengthened through the years and as the company faced different issues and conflicts that weaken and hinder the company in fulfilling plans to strategically make their market more controllable leaning to what they supposedly designed, expanding geographical market extent, venturing on media industry and developing research laboratory of which initially just started in 1900 (Carlson, and now expanding, could definitely counteract the plans of rival companies or unexpected circumstances which in turn has the capacity to block and clog down the market of GE.
Hall and Martin recognized that “General Electric provides examples of an organization that has successfully dealt with significant opportunities and threats in formulating an e-commerce strategy (2000, p. 10).” However, consistent developing and innovating of products is the key strategic approach to sustain the survival and growth of GE. In this paper, what has been sought to change or upgrade by the firm is to invest in the strong research and development mechanisms to enable emerging markets.
Question and Answer
1. What is lean methodology? This is introduced by Toyota to improve production manufacturing by reducing waste, increase quality, and improve efficiencies.
2. What are the 5s required in Lean principle? These consist of sort, set in order, shine, standardize, and sustain.
References
Barnett, R.C., Meyer, M.L., Murphy, S.J., & Mercalf, S.M., (2010). Chapter 5: Ecolab, Inc., Best Practices in Talent Management – How the World’s Leading Corporation Manage, Develop, and Retain Top Talent (Goldsmith, M., & Carter, L., Ed.). San Francisco, CA: Pfeiffer.
Grisham, T., and Misko, D.Z. (2010). Chapter 6: GE Money Americas, Best Practices in Talent Management – How the World’s Leading Corporation Manage, Develop, and Retain Top Talent (Goldsmith, M., & Carter, L., Ed.). San Francisco, CA: Pfeiffer.
Hall, S. & Martin, D. (2000). Proceedings of American society of Business and behavioral sciences track section of deans & accreditation, interdisciplinary, and legal studies. American Society of Business and Behavioral Sciences Conference. Proceedings of the American Society of Business and Behavioral Sciences, 7(8).
2017/5136
