*****hello writer, please respond to my classmate about their discussion post. i have their discussion post copied and pasted under the discussion question. i put the discussion question so you know what question the classmates is answering******
Achieving Organizational Strategy Through Investment [WLO: 1] [CLO: 1]
Prior to beginning work on this discussion forum,
- Review the article Even During Uncertain Times, Companies Are Investing in People, Research Shows (Link: https://www.forbes.com/sites/rebeccahenderson/2023/03/01/even-during-uncertain-times-companies-are-investing-in-people-research-shows/?sh=6cd0363d7562%20)
- Review the article The Five Competitive Forces That Shape Strategy (hello writer, this article is attached.)
- Review the article Evolving the Strategic Workforce Planning Strategy at PepsiCo (hello writer, this article is attached.)
A common theme in modern organizations today is organizations investing in their employees. Exhibit 1.7 of Chapter 1 in the textbook reviews five factors that influence an organization’s investment orientation. (hello writer, this exhibit is attached.)
In your initial post, review these factors, and select an organization you’ve worked for, currently work for, or may work for in the future (please feel free to use a pseudo name). Please write two to three sentences describing the organization to your class members, and answer the following questions:
- Which of the five factors impacts the selected organization’s attitude toward its willingness to invest in its people?
- Explain how the organization makes decisions that show their employees are critical to their success.
- How could the organization’s mission and vision statement be revised to reflect that employees are central to the organization?
Hello Professor and classmates,
Innovate Tech is a mid-sized technology company known for its innovative software solutions and commitment to sustainability. The company employs over 500 people and is located in a tech hub city, which fosters a competitive environment for talent acquisition (Deloitte United States, n.d.).
Which of the five factors impacts the selected organization’s attitude toward its willingness to invest in its people?
According to Mello (2019), it is critical to understand how the organization’s strategy mandates the investment in particular assets relative to others. The factor that most directly impacts Innovate Tech’s willingness to invest in its people is: “Management values.” Management values refer to the priorities and beliefs held by the company’s leadership, particularly concerning its employees.
Innovate Tech is known for innovative solutions and sustainability likely values growth, development, and investment in its workforce as part of its strategic goals. If management places a high value on human capital, they are more inclined to invest in training, development programs, competitive salaries, and a supportive work environment, A commitment to sustainability often aligns with progressive management values, including investing in the long-term development of their workforce.
In a competitive tech hub city, attracting and retaining top talent is essential. Companies with a strong commitment to employee development tend to attract professionals seeking environments where they can grow and innovate (McKinsey & Company, 2023). Offering professional development opportunities, competitive salaries, and career advancement can improve employee satisfaction and reduce turnover.
Management values that prioritize investing in employees can foster a culture of innovation. When employees feel supported, they are more likely to take risks and think creatively. This aligns with Innovate Tech’s reputation for innovative software solutions.
Companies that invest in their workforce often see higher levels of employee engagement (Forbes, 2024). Engaged employees tend to be more productive, contributing positively to the company’s bottom line. They are also more likely to be aligned with the company’s sustainability goals and values, further propelling the company’s mission.
A strong emphasis on employee investment can contribute to a positive organizational culture. Employees who perceive that management values their development and well-being are likely to exhibit higher morale and loyalty. This can create a more cohesive and committed workforce.
Management’s values can influence the company’s overall commitment to sustainability (Business Ethics Network, 2023). If investing in people is part of a broader ethical framework, it shows consistency with sustainable practices, which can enhance the company’s brand image and attract clients and partners who prioritize responsible business practices.
Explain how the organization makes decisions that show their employees are critical to their success.
Explain how Innovate Tech, a mid-sized technology company known for its innovative software solutions and commitment to sustainability. The company employs over 500 people and is located in a tech hub city, which fosters a competitive environment for talent acquisition makes decisions that show their employees are critical to their success.
Innovate Tech can invest in continuous learning and professional development opportunities. This might include offering tuition reimbursement, hosting in-house training sessions, or providing access to online courses and certification programs. By prioritizing skill enhancement, the company shows that it values the growth and potential of its employees.
To attract and retain top talent in a competitive tech hub, Innovate Tech should offer competitive salaries and comprehensive benefits that meet the diverse needs of its workforce (Harvard Business Review, 2021). This includes health benefits, retirement plans, and additional perks such as wellness programs or remote work options.
Innovate Tech can promote work-life balance by offering flexible working hours, remote work options, and generous leave policies. Supporting employees’ well-being outside of work acknowledges their contributions and helps prevent burnout.
How could the organization’s mission and vision statement be revised to reflect that employees are central to the organization?
While mission and vision statements can be valuable tools for defining the purpose and direction, some organizations function without them due to various strategic, cultural, or practical reasons. Innovate Tech is a new business, and they’re focused on establishing their operations and gaining initial market traction, delaying the formalization of mission and vision statements until they are more established. However, once they are established below are the revised statements:
REVISED MISSION STATEMENT
“Our mission is to create groundbreaking software solutions that drive sustainability while fostering a collaborative, inclusive, and empowering environment where our employees are the cornerstone of our success and innovation.”
REVISED VISION STATEMENT
“To be a global leader in sustainable technology, recognized for our innovative solutions and a thriving, empowered workforce that drives positive change and continues to redefine the boundaries of what’s possible.”
-Krystle
References
Business Ethics Network (2023). Organizational Ethics: Building a Culture of Integrity and Responsibility.
https://www.businessethicsnetwork.org/organizational-ethics-building-a-culture-of-integrity-and-responsibility/
Deloitte United States (n.d.). Tech Talent Transformation and Strategy.
https://www2.deloitte.com/us/en/pages/consulting/articles/tech-talent-and-strategy.html?id=us%3A2ps%3A3gl%3Ahcttt25%3Aawa%3Acons%3Atech+talent+recruitment%3Ab%3Ac&gad_source=1&gclid=Cj0KCQiAuou6BhDhARIsAIfgrn6fBfO6EUv45-oqGud0lN-xWpsX2yCTqHC00AqbZeF-pRZo9GUSJbIaAm5rEALw_wcB
Forbes (2024). Council Post: Why Investing in Your Employees Is Essential to Business Success.
https://www.forbes.com/councils/forbesbusinesscouncil/2024/06/21/why-investing-in-your-employees-is-essential-to-business-success/
Harvard Business Review (2021). How to Attract Top Tech Talent.
https://hbr.org/2021/11/how-to-attract-top-tech-talent
Mello, J. A. (2019). Strategic human resource management (5th ed.). Cengage Learning.
https://platform.virdocs.com/read/2416221/13/#/4/2[VLUF8VAMZL7TSSF38038]/12[FGUGWUA88JVH5G680118]
McKinsey & Company (2023). Attracting and retaining tech talent to sustain mobility’s growth.
https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/attracting-and-retaining-tech-talent-to-sustain-mobilitys-growth