Employee Retention – NBC Institute

MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

Question

Hi-Tech Industries Limited is a leading manufacturer of computers and mobile phones in the country. The company is considering the implementation of low-cost, differentiation, and innovation strategies aimed at sustaining and improving its competitive position. Hi-Tech plans to make its flagship product, Zeta Phone, the mobile phone of choice, offering innovative and cutting-edge technology to its consumers.

For the company to transform into an innovative organization as the business strategy requires, it must employ staff workgroups with highly skilled, innovative, and energetic people who can bring life to new ideas quickly and inject the same into the organization.

A skills audit recently conducted by the company showed that the company does not have enough staff that possess those qualities. To address this deficit, the management decided to train existing staff, employ, and retain the best candidates that the labor market can offer.

Required:

Formulate strategies that Hi-Tech Industries may adopt in its policy for employment and retention of human resources.

Answer

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Tags: Competitive Advantage, Employee Retention, Human Capital, Innovation Strategy, Skills Development
Level: Level 2

Topic: Innovation and Strategic Renewal

MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

Question

Which of the following factors may NOT lead to labour turnover in an organisation?
A. Unsatisfactory working conditions
B. Mid-month salaries
C. Low wages
D. Lack of amenities
E. Lack of job security

Answer

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Tags: Employee Retention, Labour Turnover, Multiple Choice, Objective Question
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2015

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

Question

You are a Finance Manager who works in the Finance Team of Azugu Gyms (Azugu) and your role includes giving advice on strategic projects and financial matters. Azugu is a family-owned business established in 2009 by two brothers. The two brothers invested an initial sum of GH¢300,000, splitting the share capital 50/50, issuing a total of 100,000 shares in Azugu. Azugu was launched with the aim to make gym-based fitness training highly accessible by removing the obstacles to exercise and making its gyms affordable to most people, opening more gyms for accessibility, and providing optimum flexibility in offering non-contractual membership. Azugu is currently very popular in Ghana, and total membership and new gym openings have grown rapidly since 2009.

Azugu is considering moving away from their organic growth model and has been considering and looking for a potential acquisition. The East Legon Executive Fitness Club is for sale at what seems to be a low price. East Legon Executive Fitness Club has gained a reputation over the past few years for loyal customers and has been rated as ‘outstanding’ by 95% of its members in 2017. Although the East Legon Executive Fitness Club’s annual results are excellent, it doesn’t quite fit with the current operations of Azugu. It is a luxury gym group with highly priced membership and high levels of staff/customer interaction. However, its fitness equipment is out of date by the standards of Azugu. There are concerns that when Azugu acquires the East Legon Executive Fitness Club, most of their staff may leave. The staff have expressed concerns that when it acquires East Legon Executive Fitness Club, it may make it a budget gym and are worried about the security of their jobs.

Required:

a) Discuss THREE (3) strategic advantages and THREE (3) challenges of acquiring East Legon Executive Fitness Club compared with Azugu’s usual organic approach to growth within the country.
(12 marks)

b) Identify FOUR (4) ways to ensure that East Legon Executive Fitness Club staff remain reassured, motivated, and loyal throughout the acquisition process.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acquisition strategy, Employee Retention, Mergers and Acquisitions, Strategic Challenges, Strategic Growth
Level: Level 2

Topic: Strategic alternatives, analysis and selection
Series: MAY 2019

MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

Question

Required:

Formulate strategies that Hi-Tech Industries may adopt in its policy for employment and retention of human resources.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Advantage, Employee Retention, Human Capital, Innovation Strategy, Skills Development
Level: Level 2

Topic: Innovation and Strategic Renewal

MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

Question

Which of the following factors may NOT lead to labour turnover in an organisation?
A. Unsatisfactory working conditions
B. Mid-month salaries
C. Low wages
D. Lack of amenities
E. Lack of job security

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Retention, Labour Turnover, Multiple Choice, Objective Question
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2015

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

Question

Required:

b) Identify FOUR (4) ways to ensure that East Legon Executive Fitness Club staff remain reassured, motivated, and loyal throughout the acquisition process.
(8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Acquisition strategy, Employee Retention, Mergers and Acquisitions, Strategic Challenges, Strategic Growth
Level: Level 2

Topic: Strategic alternatives, analysis and selection
Series: MAY 2019

Question Tag: Employee Retention

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MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

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Question Tag: Employee Retention

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MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

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MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

You're reporting an error for "MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements"

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

You're reporting an error for "CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection"

MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal

Developing strategies for recruiting and retaining innovative staff to sustain competitive advantage.

You're reporting an error for "MGE – Nov 2014 – L2 – Q5 – Innovation and Strategic Renewal"

MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements

Identify the factor that does not lead to labour turnover.

You're reporting an error for "MI – May 2015 – L1 – SA – Q9 – Accounting for Cost Elements"

CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection

Analysis of strategic advantages and challenges of acquiring East Legon Executive Fitness Club compared to Azugu's organic growth model and recommendations for ensuring staff retention post-acquisition.

You're reporting an error for "CSEG – May 2019 – L2 – Q5 – Strategic alternatives, analysis and selection"

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