Case Study on Educational Toy

The purpose of this memo is to document and evaluate the business risks faced by Toy Central Corporation (TCC), as well as audit risks, accounting issues identified, and management assertions affected.

Human resources plays a great part in the functioning of the company and could impact the success

Organizational Hierarchy Structure- Toys R Us was a decentralized organization, which had a leadership type setting from country to country. This type of structure was difficult because all the leaders from different countries were not communicating effectively. The company knew they had to make some changes to the system, if they wanted to be successful. Therefore, after careful consideration, the company decided to move to a more centralized structure. This change was needed to strengthen their business with regards to their compatibility amongst countries and creating a more efficient workplace in the United States and abroad. In the company’s business in Europe, instead of their being different leaders across the continent, there will

When a manager monitor and evaluate the performance of an employee, the manager might realise the talent the employee has and how this talent could contribute the overall performance of the organisation. Organisations seek to retain good performers. One of the methods used is career development. An employee could be transferred from one department to another where he/she could contribute to the success of that department at a higher level of performance. Developing an employee’s career could, also, mean enhancing their competence within the context of their position and department.

could be held, based on an analysis of what people actually do in an organization.

In analyzing ratios, we recognized an improvement in both return on equity and return on asset ratios if we adopt the level monthly production.

Inside any successful organization, there will be strong training and career development programs and systems. To recognize strong training and career development programs, one should know the: definition, methods, successes, HRM involvement, and their own wants and needs. To clarify understanding of these, the following will be described in detail: training and development by definition and how they fit into most organizations; the various methods used to train and promote career development; the direct correlation to organizational growth and success from training and development; the

Having grown up with two brothers I was always around toys such as action figures and toy guns. I did not have a sister to play with, so I usually played with my brothers. When I played with them, I started to question why all of their toys were just for boys. Why was there not any women action figures or ones with feminine colors? Gender-stereotyped toys are prohibiting children from a range of skills.

Attracting and retaining staff can be quite the challenge, this is an area we invest a significant amount of time in. The Hudson 20/20 report states ‘employees are highlighting a lack of career progression and boredom as their biggest issues. They are looking for different experiences and acknowledging this is crucial not only for attracting new staff but for retaining existing talent.’ (Hudson 20:20 series, Paper on,

So, ever since the industrial age, to ensure the speed of production we have unconsciously created a parent/child way of working but now we are in the age of technology where most of the employees are very well educated, or reasonably educated. Ann Andrews provides a highlight about the human nature where we don’t like changes but want to bring improvement. She provides two facts where in the first fact she says that career development isn’t around much so to keep good employees around career growth may be more about encouraging them to learn more skills. Second fact is as much as the employees learn and more skills they have, they can adapt to the changing workplace. Ann Andrews also talks about seven questions for the employer to ask their employees to motivate them few of which are where would you like to be in five years?, what skills do you need to get there?, which are of interest to you?, how can I coach or mentor you?, so on and so forth (Ann Andrews, 2014).

Every organization works for its ultimate goal of attaining profit and to enjoying a good name in the society. Organizational success depends upon how the organization manages the information and process for attaining the target. For that the organization should have its own strategies and technologies for adequate knowledge management. Due to the drastic changes which has happened in our organizational working climate, career management intervention has to be given due importance for the performance of the workers. Human resource is considered as the most important asset of an organization but it is a true fact that no human being is complete. Solving of problems happens through sharing of experiences and knowledge among the individuals. However, individual career

HRM is a strategic and comprehensive approaching people and the work place environment. Effective HRM enables employees to contribute productively. Every employee in Disney are well aware and very clear of the jobs that they are doing. They are given the freedom of thinking beyond their limits. In addition to that, training and development skills are also organise by the company for the employees in order for them to work even better and more efficiently. The employees in Walt Disney have been working for the company for an incredibly long time and thus making them very experienced people. Disney is an extraordinary place to work because the company welcomes variety of opinions and ideas from the employees. However, there is still room of improvement for Disney to make as there are high employer turnover rate and employers are not given equal opportunities.

This paper researched the fact that the Toys “R” Us Company was displaying a weakness in financial related issues due to the lack of proper strategic planning. This made the company susceptible to many threats in the industry’s competitive environment. The research has shown that its main competitors Walmart, Target, and Amazon are functioning successfully in the industry while Toys R Us heads for bankruptcy. This research emphasizes the fact that Toys R Us has not taken steps to strategize its operations properly which resulted in a loss of revenue and opportunities in their environment. If the company does not take steps to better its strategic planning, the company will not

Given that, top performers need to know how to get to where they want to be in the organization, and direction needs to be supplied. The simple truth is, when a company lacks the ability to show the individual a path of progression in order to move forward, it can be detrimental to the organization bottom-line, as turn-over affects the profits of an organzation. The result is employees will disengage and will seek other opportunities of employment elsewhere. As a final point, providing staff with a career path is similar to creating a psychological contract for an employee to stay employed with the company. By companies investing in the employee’s growth and development, they will grow in to a loyal employee and stay with the corporation. Creating a path for an employee increases employee retention. This creates a strong sense of purpose for the individual; they become connected to the organization, as they desire to be a part of the bigger picture (Gupta).

This report is about the situational analysis of the Toy R US Company. This company is currently facing some drop in sales, possible reasons and potential solutions are provided in this report. All the detailed analysis are given here. Report has suggested that company lost its main perspective which it famous at the first point. This is main outcome of the report. There are many other reasons as well which are causing the decline of the company. There is a lot of room for improvement which can be tackled, implementation plan is also given in this report along with the possible and potential full recommendations. So lets’ start with the report.