Case Study on Bestco company.
Title: Case Study on Bestco company.
Category: /Business & Economy
Details: Words: 1029 | Pages: 4 (approximately 235 words/page)
Case Study on Bestco company.
Category: /Business & Economy
Details: Words: 1029 | Pages: 4 (approximately 235 words/page)
Executive Summary
The company, Bestco, was doing well for several years by their president until he expanded on more business and hired of more staff personnel. Troubles began to emerge when he could not handle managerially due to time constraints and the arrival of new staff members. His vision and focus for his company became blur and could not identify the problems of the company. The company is starting to collapse because his staff members
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President should attend staff meetings, which is very important because employees usually would voice their opinions and suggestions during the meetings.
Short Term
Hire HR Manager and bookkeeper.
Long Term
Make sure the employees are motivated, and carry out the company's mission. Give rewards or bonuses to employees if he/she has to fill in other's job temporary. The President should make sure to use coercive power towards his staff. Bestco then will be successful.