Recommendation of Ambercrombie & Fitch Essay Example | Topics and Well Written Essays - 500 words - 1

Recommendation of Ambercrombie & Fitch - Essay Example Due to the experience, the company will have a benchmark of success for what is achievable. CEO from outside will bring a new perspective and cutting-edge approach. It has been proven through research that outside CEOs with new ideas spend more resources on research and development, and their decisions shows commitment to innovation. Outside talent is necessary so as to breathe fresh life into the firm (Blumberg, et al. 2013). By going outside for a new CEO, the company will send a strong message to its entire workforce and the board that the company recognizes the importance of change, and is ready to invest in its future. A new CEO with new ideas isn’t burdened by the past and is able quickly make a big impact to the company. Hiring a new CEO from outside is what the company requires so as to reach the desired growth. Companies’ changes are ever constant in recent times, as accelerating technology, economic volatility, and globalization are indicators that times for business as usual are long gone. As a result, a lot of companies have been compelled to innovate, pivot, or rethink their strategies entirely. Ambercrombie & Fitch can also go the same route by changing its cultures. Leaders have discovered that in some situations, these steps are challenging and some are even impossible to perform without altering the culture that is associated with the company. A different strategy may call upon the change of the entire culture mind-set of the organization; ‘the way we do things around here’. It is necessary for the leadership of the company to own and be engaged in the process. Only through ownership and engagement can the leadership ensure that Ambercrombie & Fitch is fully aligned and there is the right organizational structure in place, a system that is relevant, the correct management practices, and the required talent in place so as to grow in the desired direction. The

The Performance Appraisal System For as President & CEO of A Nonprofit Research Paper

The Performance Appraisal System For as President & CEO of A Nonprofit - Research Paper Example The major responsibilities of CEO and President are abundant and challenging. They are liable for directing an organization through making appropriate decisions. They are in charge of developing strategies and plans which can ascertain and promote the organization’s overall mission and purposes. They delegate responsibilities to the team members and ensure that the organizational objectives are met. CEO and President of a non-profit organization closely perform with other top executives to implement policies, systems, and other internal control mechanisms in order to enhance the operational procedures. Their other responsibilities comprise the recognition of opportunities for national and global expansion of organizational activities. They ensure that the organization is performing according to the set organizational objectives. CEO and President help to establish certain standards as well as measures in order to effectively utilize the organizational resources. Performance ap praisal plays the vital role in the overall management of performance of a non-profit organization. It serves two major objectives for a non-profit organization  it enhances the productivity by helping individuals to realize their complete potentials in order to undertake organizational mission and objectives and secondly, it provides information to the management for making work based decisions. Performance appraisal system is required in an organization as it not only assesses the performance but also helps to motivate the individuals.