International Scholarship Candidates Selection Essay

International Scholarship Candidates Selection - Essay Example Further, RasGas may choose candidates who will fail to complete their chosen educational programs and create a sunk cost loss for RasGas. The use of an objective rating scale linked to organizational goals and future performance can limit these potential losses and increase the chances of securing productive employees post graduation. In order to create a winning proposition, one of the focus areas for RasGas is the 'development of its employees and the organisation', which can only be realized when the company is in a position to objectively rate the performances. Motivational factors arouse a need, propelling a person to channelise his efforts and energies in the direction of fulfilling those needs. These needs are aroused in the employee of an organization to increase the output, provide quality, increase efficiency, maintain industrial peace etc. An effective management must understand the fact that there are at least two ways by which the behavior of employees could be directed towards the productive pursuits in the organization. One is by changing the personality, i.e. the internal psychological structures of the person, which is a long-drawn and uncertain process. Another strategy is to modify the characteristics of the situation prevailing around the employees. These situational factors have tremendous influence in shaping one's personality. Providing suitable ambience and opportunities for career development and education hold the key in setting the process in motion. 2. Aim: To design a Success Predictability Scale for scholarship candidates Objectives: Analysis of the present policies of RasGas to encourage the talent. Analysis of the levels of motivation and urge for pursuing higher studies amongst the existing staff by conducting interviews and by observing them on the job. Analysis of the internal reports and other data about RasGas available in the public domain. Establishing a documentary link between scholarship awards and degree fields that supports the long-term goals and objectives of the organization. 3. Benefits to the Organization: The benefits to RasGas for using an objective success potential scale linked to organizational objectives for scholarship candidates are: Enhance the reward potential of opportunity costs associated with a scholarship candidate. Lower potential and actual economic losses associated with the scholarship program. Increase the chances of successful degree completion by scholarship candidates. Saving of as much as $500,000 US on candidates who are less likely to complete their assigned programs and make contributions to the organization that exceed the organization's investment in their education. Motivated employees, who in turn help the company more efficient and competitive. Motivation and encouragement leads to lesser attrition rates and turnover ratios, which in turn saves lots of costs associated with recruiting a team of new person time and time again. RasGas considers its workforce as one of its greatest assets and with people from over 36 different nationalities working together within the organisation, encouraging career development

Supply Chain Managment Essay Example | Topics and Well Written Essays - 1000 words - 2

Supply Chain Managment - Essay Example With constant changes in the operational environment, most organizations are aware that performance and competitiveness in their respective markets can only be enhanced through creation of an active supply chain. This paper looks at some of the strategic implications of supply chain distribution in an organization and their influence on productivity and competitiveness of organizations. Various scholars have come up with various definitions to illustrate on what is meant by supply chain. According to Jacoby (2009:17), supply chain is a process through which goods are channelled from the point of production to the point of distribution, aiming at reaching consumers at the right time to gain profit. Processes involved in chains of distribution are so numerous that it requires aggressive business people to implement all of them. Such activities involve managing people, trying to utilize information, which helps in service delivery and utilization of the available resources in order to m aximize output. It is also worth to discuss supply chain management, which goes hand in hand with supply chain. Supply chain management is a term used to describe the network through which goods move from their raw nature through the processes of execution, procuring, processing, and distribution to the final consumers with an aim of creating and increasing net value. The supply chain management can be best understood by considering its classification and by looking at the components that constitute the supply chain. Such components include procurement procedures, the process of acquisition of raw materials, conversion of the raw materials into finished products and lastly logistics. All these have a role to play in ensuring that final consumers get the quality products and services they require at the right time. Considerably, a business should have it in mind that the driving force behind consumer satisfaction should not overwhelm the expenses incurred in production. The cost of p roduction and other legal charges like taxes should decide the cost of goods and services. However, offering quality goods and services should be at the heart of every profit making organization. It is not appropriate for a company to talk about supply chain without generally taking into consideration that it should be their objective to increase sales and in turn maximize profit. Every profit making organization has a role to play in ensuring that the correct supply chain application creates business and customer relations hence improve not only sales but also the required rapport in a business friendly environment. In line with this, it is in order to look at some of the contributions of supply chain to competitive advantages and profitability. According to Blanchard (2010: 12), carefully selected supply chains help in the reduction of cost of production. Companies and businesses can only achieve double-digit growth through effectively cutting on the cost of operating business. Th is can be done through opting for the best and reliable factors of production such as labour. Other subsidiary factors that facilitate production such as transportation costs can be minimized by setting up a business closer to the source of raw materials. This will not only minimize time wastage from the point of manufacturing to the consumers but it will also reduce other problems associated